Month: November 2018

Categories
EURAUD

EURAUD Weekly Forex Forecast 11th November to 17th November

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EURAUD 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 1.5985 would begin in Midterm.
Technical analysis:

There is a divergence in RSI and price between the peak at 1.6354 on 2018-09-11 and the peak at 1.6357 on 2018-10-11, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased.
The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
While the RSI downtrend #2 is not broken, bearish wave in price would continue.
A peak is formed in daily chart at 1.6355 on 10/11/2018, so more losses to support(s) 1.5605, 1.5530, 1.5425 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 28.

Categories
CHFJPY

CHFJPY Weekly Forex Forecast 12th November to 18th November

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CHFJPY 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:

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 49.

Categories
CADJPY

CADJPY Weekly Forex Forecast 12th November to 18th November

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CADJPY 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 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.
While the RSI support #2 at 42 is not broken, the probability of price decrease would be too low.
A peak is formed in daily chart at 87.00 on 11/08/2018, so more losses to support(s) 85.65, 85.05, 84.25 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 48.

Categories
CADCHF

CADCHF Weekly Forex Forecast 12th November to 18th November

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CADCHF 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 an uptrend wave above 0.7530 would begin in Midterm.
Technical analysis:

The RSI support #1 at 51 is broken, so the probability of beginning of downtrend is increased.
A peak is formed in daily chart at 0.7685 on 11/05/2018, so more losses to support(s) 0.7570 and minimum to Major Support (0.7530) 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 10th November to 16th November

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AUDUSD Weekly Forex Forecast 10th November to 16th 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.
A peak is formed in daily chart at 0.7300 on 11/08/2018, so more losses to support(s) 0.7180, 0.7105, 0.7085 and minimum to Major Support (0.7020) 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 57.

Categories
AUDNZD

AUDNZD Weekly Forex Forecast 12th November to 18th November

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AUDNZD Weekly Forex Forecast 12th November to 18th November by yshashmi37 on TradingView.com

Midterm forecast:

1.0880 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 31.

Categories
AUDJPY

AUDJPY Weekly Forex Forecast 12th November to 18th November

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AUDJPY Weekly Forex Forecast 12th November to 18th 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 62.

Categories
AUDCHF

AUDCHF Weekly Forex Forecast 11th November to 17th November

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AUDCHF Weekly Forex Forecast 11th November to 17th 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.
While the RSI uptrend #2 is not broken, bullish wave in price would continue.
A peak is formed in daily chart at 0.7320 on 11/08/2018, so more losses to support(s) 0.7240 and minimum to Major Support (0.7100) 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 68.

Categories
AUDCAD

AUDCAD Weekly Forex Forecast 11th November to 17th November

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AUDCAD Weekly Forex Forecast 11th November to 17th November 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 0.9610 breaks.
If the support at 0.9105 is broken, the short-term forecast -beginning of uptrend- will be invalid.
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 71.

Categories
EURGBP

EURGBP Weekly Forex Forecast 11th November to 17th November

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

Midterm forecast:

While the price is below the resistance 0.8850, resumption of downtrend is expected.
We make sure when the support at 0.8620 breaks.
If the resistance at 0.8850 is broken, the short-term forecast -resumption of downtrend- will be invalid.
We will close our open trades, if the Midterm level 0.8850 is broken.
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 40.