Month: November 2018

Categories
GBPUSD

GBPUSD Weekly Forex Forecast 18th November to 24th November

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GBPUSD Weekly Forex Forecast 18th November to 24th 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:

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 1.3070 on 11/14/2018, so more losses to support(s) 1.2775 and minimum to Major Support (1.2660) 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 44.

Categories
GBPNZD

GBPNZD Weekly Forex Forecast 19th November to 25th November

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GBPNZD Weekly Forex Forecast 19th November to 25th November by yshashmi37 on TradingView.com

Midterm forecast:

1.9245 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 1.9245 is broken.
Technical analysis:

A peak is formed in daily chart at 2.0470 on 10/11/2018, so more losses to support(s) 1.8605, 1.7900, 1.7440 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 23.

Categories
GBPCHF

GBPCHF Weekly Forex Forecast 18th November to 24th November

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GBPCHF Weekly Forex Forecast 18th November to 24th November by yshashmi37 on TradingView.com

Midterm forecast:

While the price is below the resistance 1.3155, beginning of downtrend is expected.
We make sure when the support at 1.2755 breaks.
If the resistance at 1.3155 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:

There is a divergence in RSI and price between the peak at 1.31145 on 2018-10-12 and the peak at 1.3171 on 2018-11-08, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased.
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A peak is formed in daily chart at 1.3150 on 11/13/2018, so more losses minimum to Major Support (1.2755) 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
GBPCAD

GBPCAD Weekly Forex Forecast 18th November to 24th November

 

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GBPCAD Weekly Forex Forecast 18th November to 24th November by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 1.6595, beginning of uptrend is expected.
We make sure when the resistance at 1.7285 breaks.
If the support at 1.6595 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:

The RSI bounced from the resistance #1 at 62 and it prevented price from more gains.
A peak is formed in daily chart at 1.7285 on 11/14/2018, so more losses to support(s) 1.6825 and minimum to Major Support (1.6595) 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 45

Categories
GBPAUD

GBPAUD Weekly Forex Forecast 18th November to 24th November

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GBPAUD Weekly Forex Forecast 18th November to 24th 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 1.7940 would begin in Midterm.
We will close our open trades, if the Midterm level 1.7940 is broken.
Technical analysis:

The RSI support #1 at 50 is broken, so the probability of beginning of downtrend is increased.
While the RSI resistance #2 at 50 is not broken, the probability of price increase would be too low.
A peak is formed in daily chart at 1.8065 on 11/13/2018, so more losses to support(s) 1.7500, 1.7285, 1.7065 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 26.

Categories
EURNZD

EURNZD Weekly Forex Forecast 19th November to 25th November

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EURNZD Weekly Forex Forecast 19th November to 25th November by yshashmi37 on TradingView.com

Midterm forecast:

1.7115 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 1.7115 is broken.
Technical analysis:

While the RSI resistance #1 at 43 is not broken, the probability of price increase would be too low.
A peak is formed in daily chart at 1.7930 on 10/08/2018, so more losses to support(s) 1.6565, 1.6225, 1.5830 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 20.

Categories
EURJPY

EURJPY Weekly Forex Forecast 18th November to 24th November

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EURJPY Weekly Forex Forecast 18th November to 24th November 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 133.10 breaks.
If the support at 124.60 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:

A peak is formed in daily chart at 130.15 on 11/07/2018, so more losses to support(s) 127.50, 126.65, 125.80 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 48.

Categories
AUDUSD

AUDUSD Weekly Forex Forecast 18th November to 24th November

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AUDUSD Weekly Forex Forecast 18th November to 24th November 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 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 66.

Categories
AUDJPY

AUDJPY Weekly Forex Forecast 19th November to 25th November

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AUDJPY Weekly Forex Forecast 19th November to 25th 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 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.
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
AUDCHF

AUDCHF Weekly Forex Forecast 19th November to 25th November

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AUDCHF Weekly Forex Forecast 19th November to 25th November by yshashmi37 on TradingView.com

Midterm forecast:

0.7115 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.
While the RSI uptrend #2 is not broken, bullish wave in price would continue.
A trough is formed in daily chart at 0.7235 on 11/13/2018, so more gains to resistance(s) 0.7330, 0.7445, 0.7565 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 73.