Author: coughlin

Categories
GBPUSD

GBPUSD Weekly Forex Forecast 24th November to 30th November

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GBPUSD Weekly Forex Forecast 24th November to 30th 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 1.2725 on 11/15/2018, 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 25th November to 1st December

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GBPNZD Weekly Forex Forecast 25th November to 1st 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:

A trough is formed in daily chart at 1.8620 on 11/16/2018, so more gains to resistance(s) 1.8930, 1.9095 and maximum to Major Resistance (1.9245) 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 37.

Categories
GBPCHF

GBPCHF Weekly Forex Forecast 25th November to 1st December

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GBPCHF Weekly Forex Forecast 25th November to 1st 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 1.3155 would begin in Midterm.
Technical analysis:

While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A trough is formed in daily chart at 1.2685 on 11/22/2018, so more gains to resistance(s) 1.2865, 1.2945 and maximum to Major Resistance (1.3155) 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 43.

Categories
GBPCAD

GBPCAD Weekly Forex Forecast 25th November to 1st December

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GBPCAD Weekly Forex Forecast 25th November to 1st 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 49.

Categories
GBPAUD

GBPAUD Weekly Forex Forecast 25th November to 1st December

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GBPAUD Weekly Forex Forecast 25th November to 1st 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:

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 1.7475 on 11/16/2018, so more gains to resistance(s) 1.7800 and maximum to Major Resistance (1.7940) 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
EURNZD

EURNZD Weekly Forex Forecast 25th November to 1st December

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EURNZD Weekly Forex Forecast 25th November to 1st December 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 trough is formed in daily chart at 1.6555 on 11/15/2018, so more gains to resistance(s) 1.6815 and maximum to Major Resistance (1.7115) 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
EURCAD

EURCAD Weekly Forex Forecast 25th November to 1st December

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EURCAD Weekly Forex Forecast 25th November to 1st 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 1.5170 on 11/21/2018, 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 51.

Categories
EURAUD

EURAUD Weekly Forex Forecast 25th November to 1st December

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EURAUD Weekly Forex Forecast 25th November to 1st 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 trough is formed in daily chart at 1.5520 on 11/15/2018, so more gains to resistance(s) 1.5715, 1.5840, 1.5940 and maximum to Major Resistance (1.6035) 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
CHFJPY

CHFJPY Weekly Forex Forecast 25th November to 1st December

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CHFJPY Weekly Forex Forecast 25th November to 1st 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 Rising Wedge taking shape and as a bearish pattern suggests we will soon see another leg lower if price breaks and closes below uptrend.
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 50.

Categories
CADJPY

CADJPY Weekly Forex Forecast 24th November to 30th November

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CADJPY Weekly Forex Forecast 24th November to 30th 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.
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 43.