Month: November 2018

Categories
AUDUSD

AUDUSD Weekly Forex Forecast 4th November to 10th November

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘6bAkFTMT’;
new TradingView.chart(tradingview_embed_options);

AUDUSD Weekly Forex Forecast 4th November to 10th November 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 uptrend.
Technical analysis:

The RSI resistance #1 at 56 is broken, so the probability of beginning of uptrend is increased.
A trough is formed in daily chart at 0.7020 on 10/26/2018, so more gains to resistance(s) 0.7230, 0.7320, 0.7445 and more heights 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 58.

Categories
AUDNZD

AUDNZD Weekly Forex Forecast 3rd November to 9th November

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘i2eRTuHe’;
new TradingView.chart(tradingview_embed_options);

AUDNZD Weekly Forex Forecast 3rd November to 9th November by yshashmi37 on TradingView.com

Midterm forecast:

1.1140 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
Technical analysis:

The ascending flag taking shape suggests we will soon see another leg higher.
While the RSI downtrend #1 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 42

Categories
AUDJPY

AUDJPY Weekly Forex Forecast 3rd November to 9th November

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘DfIcDd8U’;
new TradingView.chart(tradingview_embed_options);

AUDJPY Weekly Forex Forecast 3rd November to 9th November 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 78.03 on 2018-11-03, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
While the RSI resistance #1 at 62 is not broken, the probability of price increase would be too low.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 60.

Categories
GBPUSD

GBPUSD Weekly Forex Forecast 4th November to 10th November

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ’11aukSnE’;
new TradingView.chart(tradingview_embed_options);

GBPUSD Weekly Forex Forecast 4th November to 10th November by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 1.2660, beginning of uptrend is expected.
We make sure when the resistance at 1.3300 breaks.
If the support at 1.2660 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:

A trough is formed in daily chart at 1.2695 on 10/30/2018, so more gains to resistance(s) 1.3040 and maximum to Major Resistance (1.3300) 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 49.

Categories
USDJPY

USDJPY Weekly Forex Forecast 4th November to 10th November

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘vEYM8YbH’;
new TradingView.chart(tradingview_embed_options);

USDJPY Weekly Forex Forecast 4th November to 10th November 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 111.60 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 111.60 is broken.
Technical analysis:

While the RSI support #1 at 43 is not broken, the probability of price decrease would be too low.
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
EURGBP

EURGBP Weekly Forex Forecast 5th November to 11th November

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘8vTqhjS7’;
new TradingView.chart(tradingview_embed_options);

EURGBP Weekly Forex Forecast 5th November to 11th November by yshashmi37 on TradingView.com

Midterm forecast:

While the price is below the resistance 0.8965, resumption of downtrend is expected.
We make sure when the support at 0.8725 breaks.
If the resistance at 0.8965 is broken, the short-term forecast -resumption of downtrend- will be invalid.
Technical analysis:

While the RSI downtrend #1 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 41.

Categories
AUDCHF

AUDCHF Weekly Forex Forecast 5th November to 11th November

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘NpRLpnvk’;
new TradingView.chart(tradingview_embed_options);

AUDCHF Weekly Forex Forecast 5th November to 11th November by yshashmi37 on TradingView.com

Midterm forecast:

0.7100 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:

The RSI resistance #1 at 57 is broken, so the probability of continuation of uptrend is increased.
A trough is formed in daily chart at 0.7020 on 10/23/2018, so more gains to resistance(s) 0.7240, 0.7285, 0.7330 and more heights 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 69.

Categories
AUDCAD

AUDCAD Weekly Forex Forecast 3rd November to 9th November

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘5zFvdRhe’;
new TradingView.chart(tradingview_embed_options);

AUDCAD Weekly Forex Forecast 3rd November to 9th November 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 0.9105 would begin in Midterm.
Technical analysis:

The RSI resistance #1 at 53 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 64.

Categories
BRENT

BRENT Weekly Forex Forecast 3rd November to 9th November

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘MEw3K05f’;
new TradingView.chart(tradingview_embed_options);

BRENT Weekly Forex Forecast 3rd November to 9th November by yshashmi37 on TradingView.com

Midterm forecast:

While the price is below the resistance 88.45, beginning of downtrend is expected.
We make sure when the support at 70.30 breaks.
If the resistance at 88.45 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:

The RSI support #1 at 37 is broken, so the probability of beginning of downtrend is increased.
While the RSI resistance #2 at 58 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 29.

Categories
Forex Crypto XAGUSD

XAGUSD Weekly Forex Forecast 3rd November to 9th November

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘Q4LkcALi’;
new TradingView.chart(tradingview_embed_options);

XAGUSD Weekly Forex Forecast 3rd November to 9th November 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 14.35 on 2018-08-16 and the trough at 13.95 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 56.