Month: November 2018

Categories
EURCAD

EURCAD Weekly Forex Forecast 25th November to 1st December

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘pIlCuuP9’;
new TradingView.chart(tradingview_embed_options);

EURCAD Weekly Forex Forecast 25th November to 1st December 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:

There is a divergence in RSI and price between the trough at 1.47985 on 2018-08-15 and the trough at 1.47505 on 2018-10-04, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
The RSI downtrend #1 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.
A peak is formed in daily chart at 1.5170 on 11/21/2018, so more losses to support(s) 1.4970 and minimum to Trend Hunter Buy Zone (1.4825 to 1.4735) 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 51.

Categories
EURAUD

EURAUD Weekly Forex Forecast 25th November to 1st December

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘HNQv9UOb’;
new TradingView.chart(tradingview_embed_options);

EURAUD Weekly Forex Forecast 25th November to 1st December by yshashmi37 on TradingView.com

Midterm forecast:

While the price is below the resistance 1.6035, beginning of downtrend is expected.
We make sure when the support at 1.5275 breaks.
If the resistance at 1.6035 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:

While the RSI resistance #1 at 47 is not broken, the probability of price increase would be too low.
A trough is formed in daily chart at 1.5520 on 11/15/2018, so more gains to resistance(s) 1.5715, 1.5840, 1.5940 and maximum to Major Resistance (1.6035) 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 40.

Categories
CHFJPY

CHFJPY Weekly Forex Forecast 25th November to 1st December

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘iA25JFr4’;
new TradingView.chart(tradingview_embed_options);

CHFJPY Weekly Forex Forecast 25th November to 1st December 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 Rising Wedge taking shape and as a bearish pattern suggests we will soon see another leg lower if price breaks and closes below uptrend.
The RSI uptrend #1 is broken, so the probability of beginning of downtrend 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 50.

Categories
CADJPY

CADJPY Weekly Forex Forecast 24th November to 30th November

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

CADJPY Weekly Forex Forecast 24th November to 30th 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 a downtrend wave below 91.65 would begin in Midterm.
Technical analysis:

The descending flag taking shape suggests we will soon see another leg lower.
The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
The RSI bounced from the support #2 at 35 and it prevented price from more losses.
A trough is formed in daily chart at 84.60 on 11/20/2018, so more gains to resistance(s) 85.65, 86.90, 87.45 and maximum to Major Resistance (91.65) 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
CADCHF

CADCHF Weekly Forex Forecast 25th November to 1st December

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘koBMwvy0’;
new TradingView.chart(tradingview_embed_options);

CADCHF Weekly Forex Forecast 25th November to 1st December 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 0.7550 would begin in Midterm.
Technical analysis:

While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A trough is formed in daily chart at 0.7465 on 11/21/2018, so more gains maximum to Major Resistance (0.7550) 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 42.

Categories
AUDUSD

AUDUSD Weekly Forex Forecast 25th November to 1st December

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘UDZSg0a8’;
new TradingView.chart(tradingview_embed_options);

AUDUSD Weekly Forex Forecast 25th November to 1st December by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 0.7020, beginning of uptrend is expected.
We make sure when the resistance at 0.7445 breaks.
If the support at 0.7020 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:

The RSI resistance #1 at 56 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.
A trough is formed in daily chart at 0.7165 on 11/13/2018, so more gains to resistance(s) 0.7320 and maximum to Major Resistance (0.7445) 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
AUDNZD

AUDNZD Weekly Forex Forecast 25th November to 1st December

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

AUDNZD Weekly Forex Forecast 25th November to 1st December by yshashmi37 on TradingView.com

Midterm forecast:

1.0850 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 1.0850 is broken.
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 37.

Categories
AUDJPY

AUDJPY Weekly Forex Forecast 25th November to 1st December

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘Ql009Xn4’;
new TradingView.chart(tradingview_embed_options);

AUDJPY Weekly Forex Forecast 25th November to 1st December 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 83.10 breaks.
If the support at 78.65 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:

The RSI resistance #1 at 62 is broken, so the probability of beginning of uptrend is increased.
A peak is formed in daily chart at 82.90 on 11/15/2018, so more losses to support(s) 81.30, 80.50, 79.60 and minimum to Major Support (78.65) 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
USDJPY

USDJPY Weekly Forex Forecast 25th November to 1st December

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘6YSwpOS7’;
new TradingView.chart(tradingview_embed_options);

USDJPY Weekly Forex Forecast 25th November to 1st December by yshashmi37 on TradingView.com

Midterm forecast:

While the price is below the resistance 114.70, beginning of downtrend is expected.
We make sure when the support at 111.60 breaks.
If the resistance at 114.70 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:

While the RSI uptrend #1 is not broken, bullish 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 49.

Categories
EURJPY

EURJPY Weekly Forex Forecast 25th November to 1st December

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

EURJPY Weekly Forex Forecast 25th November to 1st December by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 124.60, beginning of uptrend is expected.
We make sure when the resistance at 130.15 breaks.
If the support at 124.60 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:

The symmetrical triangle taking shape and as a continuation pattern suggests we will soon see another leg lower if price breaks and closes below the uptrend line of the triangle.
A peak is formed in daily chart at 130.15 on 11/07/2018, so more losses to support(s) 127.50, 126.65, 125.55 and minimum to Major Support (124.60) 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.