Month: October 2018

Categories
AUDNZD Forex Crypto

AUDNZD Weekly Forex Forecast 14th October to 20th October

 

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AUDNZD Weekly Forex Forecast 14th October to 20th October by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1.1140 would begin in Midterm.
Technical analysis:

The ascending flag taking shape suggests we will soon see another leg higher.
While the RSI resistance #1 at 56 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 50.

Categories
AUDJPY

AUDJPY Weekly Forex Forecast 14th October to 20th October

 

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AUDJPY Weekly Forex Forecast 14th October to 20th October by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 78.65, beginning of uptrend is expected.
We make sure when the resistance at 82.50 breaks.
If the support at 78.65 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:

There is a divergence in RSI and price between the trough at 80.495 on 2018-03-23 and the trough at 78.68 on 2018-09-07, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
The RSI support #1 at 50 is broken, so the probability of beginning of uptrend is decreased.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 41.

Categories
AUDCHF

AUDCHF Weekly Forex Forecast 14th October to 20th October

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AUDCHF Weekly Forex Forecast 14th October to 20th October by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 0.6870, beginning of uptrend is expected.
We make sure when the resistance at 0.7145 breaks.
If the support at 0.6870 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:

The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
The RSI bounced from the resistance #2 at 58 and it prevented price from more gains.
A peak is formed in daily chart at 0.7065 on 10/10/2018, so more losses to support(s) 0.6945 and minimum to Major Support (0.6870) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 52.

Categories
AUDCAD

AUDCAD Weekly Forex Forecast 13th October to 19th October

 

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AUDCAD Weekly Forex Forecast 13th October to 19th October by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 0.9105, beginning of uptrend is expected.
We make sure when the resistance at 0.9325 breaks.
If the support at 0.9105 is broken, the short-term forecast -beginning of uptrend- will be invalid.
We will close our open trades, if the Midterm level 0.9325 is broken.
Technical analysis:

The RSI bounced from the support #1 at 25 and it prevented price from more losses.
While the RSI downtrend #2 is not broken, bearish wave in price would continue.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 45.

Categories
EURJPY

EURJPY Weekly Forex Forecast 15th October to 21st October

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EURJPY by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast beginning of downtrend.
Technical analysis:

The RSI support #1 at 47 is broken, so the probability of beginning of downtrend is increased.
A peak is formed in daily chart at 133.10 on 09/21/2018, so more losses to support(s) 128.50, 127.15, 125.80 and more depths is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 43.

Categories
EURGBP

EURGBP Weekly Forex Forecast 13th October to 19th October

 

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EURGBP Weekly Forex Forecast 13th October to 19th October by yshashmi37 on TradingView.com

Midterm forecast:

The current trend is downtrend and the forecast is continuation of downtrend.
Technical analysis:

While the RSI resistance #1 at 54 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 40.

Categories
USDJPY

USDJPY Weekly Forex Forecast 14th October to 20th October

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USDJPY Weekly Forex Forecast 14th October to 20th October by yshashmi37 on TradingView.com

Midterm forecast:

While the price is below the resistance 114.55, beginning of downtrend is expected.
We make sure when the support at 111.65 breaks.
If the resistance at 114.55 is broken, the short-term forecast -beginning of downtrend- will be invalid.
We will close our open trades, if the Midterm level 111.65 is broken.
Technical analysis:

The RSI bounced from the resistance #1 at 74 and it prevented price from more gains.
The RSI uptrend #2 is broken, so the probability of beginning of downtrend is increased.
While the RSI support #3 at 43 is not broken, the probability of price decrease 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.

Categories
XAGUSD

XAGUSD Weekly Forex Forecast 14th October to 20th October

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XAGUSD Weekly Forex Forecast 14th October to 20th 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:

There is a divergence in RSI and price between the trough at 14.33 on 2018-08-16 and the trough at 13.935 on 2018-09-11, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
The RSI bounced from the support #1 at 44 and it prevented price from more losses.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 53.

Categories
XAUUSD

XAUUSD Weekly Forex Forecast 13th October to 19th October

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XAUUSD Weekly Forex Forecast 13th October to 19th October by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1183.15 would begin in Midterm.
Technical analysis:

The RSI resistance #1 at 53 is broken, so the probability of beginning of uptrend is increased.
While the RSI uptrend #2 is not broken, bullish wave in price would continue.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 59.

Categories
Forex

USDTRY Weekly Forex Forecast 7th October to 13th October

 

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USDTRY Weekly Forex Forecast 7th October to 13th October by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 5.0000 would begin in Midterm.
Technical analysis:

The RSI downtrend #1 is broken, so the probability of resumption 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 50.