Month: December 2018

Categories
USDCAD

USDCAD Weekly Forex Forecast 1st December to 7th December

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘yWuoPIT2’;
new TradingView.chart(tradingview_embed_options);

USDCAD Weekly Forex Forecast 1st December to 7th 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 an uptrend wave above 1.3180 would begin in Midterm.
Technical analysis:

While the RSI support #1 at 53 is not broken, the probability of price decrease would be too low.
A trough is formed in daily chart at 1.3180 on 11/22/2018, so more gains maximum to Trend Hunter Sell Zone (1.3265 to 1.3385) 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 61.

Categories
NZDUSD

NZDUSD Weekly Forex Forecast 1st December to 7th December

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘6WyN5Nv9’;
new TradingView.chart(tradingview_embed_options);

NZDUSD Weekly Forex Forecast 1st December to 7th December by yshashmi37 on TradingView.com

Midterm forecast:

0.6430 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:

The RSI resistance #1 at 59 is broken, so the probability of continuation of uptrend is increased.
While the RSI support #2 at 53 is not broken, the probability of price decrease would be too low.
A trough is formed in daily chart at 0.6705 on 11/13/2018, so more gains to resistance(s) 0.6910, 0.7025, 0.7175 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 65.

Categories
NZDCAD

NZDCAD Weekly Forex Forecast 1st December to 7th December

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘sh3gPjnK’;
new TradingView.chart(tradingview_embed_options);

NZDCAD Weekly Forex Forecast 1st December to 7th December by yshashmi37 on TradingView.com

Midterm forecast:

0.8830 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 0.8830 is broken.
Technical analysis:

While the RSI support #1 at 49 is not broken, the probability of price decrease would be too low.
A trough is formed in daily chart at 0.8930 on 11/23/2018, so more gains to resistance(s) 0.9170, 0.9260, 0.9320 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 75.

Categories
GBPUSD

GBPUSD Weekly Forex Forecast 2nd December to 8th December

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

GBPUSD Weekly Forex Forecast 2nd December to 8th December 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 1.2725 on 11/15/2018, so more losses 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 42.

Categories
GBPNZD

GBPNZD Weekly Forex Forecast 1st December to 7th December

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘RYLce0wr’;
new TradingView.chart(tradingview_embed_options);

GBPNZD Weekly Forex Forecast 1st December to 7th December 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:

While the RSI resistance #1 at 49 is not broken, the probability of price increase would be too low.
A peak is formed in daily chart at 1.8985 on 11/22/2018, so more losses to support(s) 1.7900, 1.7440, 1.6705 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
GBPCHF

GBPCHF Weekly Forex Forecast 2nd December to 8th December

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

GBPCHF Weekly Forex Forecast 2nd December to 8th December by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 1.2685, beginning of uptrend is expected.
We make sure when the resistance at 1.3155 breaks.
If the support at 1.2685 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:

While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A peak is formed in daily chart at 1.2835 on 11/22/2018, so more losses minimum to Major Support (1.2685) 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
GBPCAD

GBPCAD Weekly Forex Forecast 2nd December to 8th December

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

GBPCAD Weekly Forex Forecast 2nd December to 8th December 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 trough is formed in daily chart at 1.6785 on 11/15/2018, so more gains to resistance(s) 1.7055 and maximum to Major Resistance (1.7285) 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
GBPAUD

GBPAUD Weekly Forex Forecast 1st December to 7th December

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘puqQw7Kw’;
new TradingView.chart(tradingview_embed_options);

GBPAUD Weekly Forex Forecast 1st December to 7th 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 1.7940 would begin in Midterm.
We will close our open trades, if the Midterm level 1.7940 is broken.
Technical analysis:

A peak is formed in daily chart at 1.7815 on 11/22/2018, so more losses to support(s) 1.7285, 1.7065, 1.6860 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 33.

Categories
EURNZD

EURNZD Weekly Forex Forecast 1st December to 7th December

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

EURNZD Weekly Forex Forecast 1st December to 7th December by yshashmi37 on TradingView.com

Midterm forecast:

1.6815 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 1.6815 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 1.6790 on 11/22/2018, so more losses to support(s) 1.6225, 1.5830, 1.5255 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 27.

Categories
EURCAD

EURCAD Weekly Forex Forecast 1st December to 7th December

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

EURCAD Weekly Forex Forecast 1st December to 7th 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 1.5150 on 11/30/2018, 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 52.