Month: October 2018

Categories
Forex Crypto

AUDCAD Weekly Forex Forecast 1st October to 6th October

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AUDCAD Weekly Forex Forecast 1st October to 6th October by yshashmi37 on TradingView.com

Midterm forecast:

The current trend is downtrend but the forecast is beginning of uptrend.
Technical analysis:

The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index ( RSI ) is 39.

Categories
XAGUSD

XAGUSD Weekly Forex Forecast 30 September to 6th October

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XAGUSD Weekly Forex Forecast 30 September to 6th October by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 13.60, beginning of uptrend is expected.
We make sure when the resistance at 15.60 breaks.
If the support at 13.60 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:

The RSI resistance #1 at 44 is broken, so the probability of beginning of uptrend is increased.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 56.

Categories
XAUUSD

XAUUSD Weekly Forex Forecast 30 September to 6th October

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XAUUSD Weekly Forex Forecast 30 September to 6th October by yshashmi37 on TradingView.com

Midterm forecast:

1214.25 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
We will close our open trades, if the Midterm level 1214.25 is broken.
Technical analysis:

While the RSI resistance #1 at 51 is not broken, the probability of price increase would be too low.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index ( RSI ) is 45.