Month: December 2018

Categories
EURAUD

EURAUD 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 = ‘DSfaiCCY’;
new TradingView.chart(tradingview_embed_options);

EURAUD Weekly Forex Forecast 1st December to 7th 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 peak is formed in daily chart at 1.5790 on 11/21/2018, so more losses to support(s) 1.5425 and minimum to Major Support (1.5275) 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 31.

Categories
CHFJPY

CHFJPY 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 = ‘3RRV3QDn’;
new TradingView.chart(tradingview_embed_options);

CHFJPY 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 downtrend.
Technical analysis:

The ascending flag taking shape suggests we will soon see another leg higher.
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 53.

Categories
CADJPY

CADJPY 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 = ‘jjD4EOhu’;
new TradingView.chart(tradingview_embed_options);

CADJPY 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 91.65 would begin in Midterm.
Technical analysis:

The descending flag taking shape suggests we will soon see another leg lower.
While the RSI resistance #1 at 56 is not broken, the probability of price increase would be too low.
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 45.

Categories
CADCHF

CADCHF 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 = ‘9YSWsKxm’;
new TradingView.chart(tradingview_embed_options);

CADCHF 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 0.7570 would begin in Midterm.
Technical analysis:

While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A peak is formed in daily chart at 0.7565 on 11/23/2018, so more losses to support(s) 0.7485, 0.7425, 0.7365 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 42.

Categories
AUDUSD

AUDUSD 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 = ‘KKFwsIjo’;
new TradingView.chart(tradingview_embed_options);

AUDUSD Weekly Forex Forecast 1st December to 7th 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 59.

Categories
AUDNZD

AUDNZD 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 = ‘kRctGxBg’;
new TradingView.chart(tradingview_embed_options);

AUDNZD Weekly Forex Forecast 1st December to 7th 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 35.

Categories
AUDJPY

AUDJPY 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 = ‘Zefvr2nb’;
new TradingView.chart(tradingview_embed_options);

AUDJPY Weekly Forex Forecast 1st December to 7th 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.
While the RSI uptrend #2 is not broken, bullish wave in price would continue.
A trough is formed in daily chart at 81.20 on 11/21/2018, so more gains maximum to Major Resistance (83.10) 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
AUDCHF

AUDCHF 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 = ‘adT3DavM’;
new TradingView.chart(tradingview_embed_options);

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

Midterm forecast:

The current trend is uptrend and the forecast is continuation of uptrend.
Technical analysis:

While the RSI support #1 at 48 is not broken, the probability of price decrease would be too low.
A peak is formed in daily chart at 0.7340 on 11/16/2018, so more losses to support(s) 0.7285, 0.7240 and minimum to Trend Hunter Buy Zone (0.7160 to 0.7070) 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 62.

Categories
GBPJPY

GBPJPY 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 = ‘Daqsa9Ud’;
new TradingView.chart(tradingview_embed_options);

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

Midterm forecast:

While the price is above the support 143.55, beginning of uptrend is expected.
We make sure when the resistance at 149.50 breaks.
If the support at 143.55 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 trough is formed in daily chart at 143.95 on 11/21/2018, so more gains to resistance(s) 145.25, 146.95, 148.45 and maximum to Major Resistance (149.50) 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
EURGBP

EURGBP 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 = ‘ppzSQHot’;
new TradingView.chart(tradingview_embed_options);

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

Midterm forecast:

While the price is above the support 0.8620, beginning of uptrend is expected.
We make sure when the resistance at 0.8930 breaks.
If the support at 0.8620 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 0.8725 on 2018-10-10 and the trough at 0.8655 on 2018-11-13, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
While the RSI resistance #1 at 63 is not broken, the probability of price increase would be too low.
The RSI bounced from the uptrend #2 and it prevented price from more losses.
A trough is formed in daily chart at 0.8810 on 11/28/2018, so more gains to resistance(s) 0.8895 and maximum to Major Resistance (0.8930) 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.