Month: November 2018

Categories
GBPNZD

GBPNZD Weekly Forex Forecast 11th November to 17th November

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GBPNZD Weekly Forex Forecast 11th November to 17th 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 1.9835 would begin in Midterm.
Technical analysis:

The RSI bounced from the support #1 at 32 and it prevented price from more losses.
A peak is formed in daily chart at 2.0470 on 10/11/2018, so more losses to support(s) 1.9095, 1.8930, 1.8605 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 32.

Categories
Forex Crypto

EURNZD Weekly Forex Forecast 11th November to 17th November

 

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EURNZD Weekly Forex Forecast 11th November to 17th November by yshashmi37 on TradingView.com

Midterm forecast:

1.7245 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 1.7245 is broken.
Technical analysis:

There is a divergence in RSI and price between the peak at 1.78245 on 2018-09-11 and the peak at 1.79285 on 2018-10-08, the probability of uptrend continuation is decreased and the probability of continuation of downtrend is increased.
While the RSI resistance #1 at 43 is not broken, the probability of price increase would be too low.
The RSI support #2 at 32 is broken, so the probability of continuation of downtrend is increased.
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 21.

Categories
GBPJPY

GBPJPY Weekly Forex Forecast 11th November to 17th November

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GBPJPY Weekly Forex Forecast 11th November to 17th November by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 142.75, beginning of uptrend is expected.
We make sure when the resistance at 149.35 breaks.
If the support at 142.75 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.
A peak is formed in daily chart at 149.50 on 11/08/2018, so more losses to support(s) 146.95, 145.25, 143.55 and minimum to Major Support (142.75) 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 55.

Categories
GBPCHF

GBPCHF Weekly Forex Forecast 11th November to 17th November

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GBPCHF Weekly Forex Forecast 11th November to 17th 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 1.2865 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 1.3170 on 11/08/2018, so more losses to support(s) 1.3000 and minimum to Major Support (1.2865) 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 56.

Categories
GBPCAD

GBPCAD Weekly Forex Forecast 12th November to 18th November

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GBPCAD Weekly Forex Forecast 12th November to 18th 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 1.7255 on 11/07/2018, so more losses to support(s) 1.7055, 1.6825 and minimum to Major Support (1.6595) 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 53.

Categories
GBPAUD

GBPAUD Weekly Forex Forecast 11th November to 17th November

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GBPAUD Weekly Forex Forecast 11th November to 17th 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 1.8510 would begin in Midterm.
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 trough is formed in daily chart at 1.7860 on 10/30/2018, so more gains to resistance(s) 1.8110, 1.8215, 1.8370 and maximum to Major Resistance (1.8510) 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 39.

Categories
EURUSD

EURUSD Weekly Forex Forecast 10th November to 16th November

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EURUSD Weekly Forex Forecast 10th November to 16th November by yshashmi37 on TradingView.com


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Midterm forecast:

While the price is above the support 1.1300, beginning of uptrend is expected.
We make sure when the resistance at 1.1615 breaks.
If the support at 1.1300 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 1.15095 on 2018-05-29 and the trough at 1.13005 on 2018-08-15, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
The RSI bounced from the uptrend #1 and it prevented price from more losses.
The RSI downtrend #2 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 38.

Categories
EURNZD Forex Crypto

EURNZD Weekly Forex Forecast 11th November to 17th November

 

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EURNZD Weekly Forex Forecast 11th November to 17th 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 1.9835 would begin in Midterm.
Technical analysis:

The RSI bounced from the support #1 at 32 and it prevented price from more losses.
A peak is formed in daily chart at 2.0470 on 10/11/2018, so more losses to support(s) 1.9095, 1.8930, 1.8605 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 32.

Categories
EURJPY

EURJPY Weekly Forex Forecast 12th November to 18th November

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EURJPY Weekly Forex Forecast 12th November to 18th 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 downtrend.
Technical analysis:

A peak is formed in daily chart at 130.15 on 11/07/2018, 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 47.

Categories
EURCAD

EURCAD Weekly Forex Forecast 11th November to 17th November

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EURCAD Weekly Forex Forecast 11th November to 17th 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:

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.
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A peak is formed in daily chart at 1.5050 on 11/07/2018, so more losses to support(s) 1.4970, 1.4915 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 50.