Author: coughlin

Categories
CADCHF

CADCHF Weekly Forex Forecast 25th November to 1st December

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CADCHF 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 0.7550 would begin in Midterm.
Technical analysis:

While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A trough is formed in daily chart at 0.7465 on 11/21/2018, so more gains maximum to Major Resistance (0.7550) 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 25th November to 1st December

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AUDUSD Weekly Forex Forecast 25th November to 1st 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 52.

Categories
AUDNZD

AUDNZD Weekly Forex Forecast 25th November to 1st December

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AUDNZD Weekly Forex Forecast 25th November to 1st 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 37.

Categories
AUDJPY

AUDJPY Weekly Forex Forecast 25th November to 1st December

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AUDJPY Weekly Forex Forecast 25th November to 1st 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.
A peak is formed in daily chart at 82.90 on 11/15/2018, so more losses to support(s) 81.30, 80.50, 79.60 and minimum to Major Support (78.65) 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.

Categories
USDJPY

USDJPY Weekly Forex Forecast 25th November to 1st December

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USDJPY Weekly Forex Forecast 25th November to 1st December by yshashmi37 on TradingView.com

Midterm forecast:

While the price is below the resistance 114.70, beginning of downtrend is expected.
We make sure when the support at 111.60 breaks.
If the resistance at 114.70 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:

While the RSI uptrend #1 is not broken, bullish 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 49.

Categories
EURJPY

EURJPY Weekly Forex Forecast 25th November to 1st December

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EURJPY Weekly Forex Forecast 25th November to 1st December by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 124.60, beginning of uptrend is expected.
We make sure when the resistance at 130.15 breaks.
If the support at 124.60 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:

The symmetrical triangle taking shape and as a continuation pattern suggests we will soon see another leg lower if price breaks and closes below the uptrend line of the triangle.
A peak is formed in daily chart at 130.15 on 11/07/2018, so more losses to support(s) 127.50, 126.65, 125.55 and minimum to Major Support (124.60) 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
EURGBP

EURGBP Weekly Forex Forecast 24th November to 30th November

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EURGBP Weekly Forex Forecast 24th November to 30th November 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 peak is formed in daily chart at 0.8935 on 11/19/2018, so more losses to support(s) 0.8795, 0.8725, 0.8685 and minimum to Major Support (0.8620) 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
EURUSD

EURUSD Weekly Forex Forecast 24th November to 30th November

 

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EURUSD Weekly Forex Forecast 24th November to 30th November by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 1.1180, beginning of uptrend is expected.
We make sure when the resistance at 1.1530 breaks.
If the support at 1.1180 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 1.13005 on 2018-08-15 and the trough at 1.12155 on 2018-11-12, 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.
A peak is formed in daily chart at 1.1470 on 11/20/2018, so more losses to support(s) 1.1325, 1.1300 and minimum to Major Support (1.1180) 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
AUDCHF

AUDCHF Weekly Forex Forecast 25th November to 1st December

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AUDCHF Weekly Forex Forecast 25th November to 1st December by yshashmi37 on TradingView.com

Midterm forecast:

0.7115 is a major support, while this level is not broken, the Midterm wave will be 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 minimum to Major Support (0.7115) 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 52.

Categories
AUDCAD

AUDCAD Weekly Forex Forecast 24th November to 30th November

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AUDCAD Weekly Forex Forecast 24th November to 30th 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 0.9670 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.
While the RSI support #2 at 53 is not broken, the probability of price decrease would be too low.
A peak is formed in daily chart at 0.9665 on 11/21/2018, so more losses to support(s) 0.9485, 0.9445, 0.9375 and minimum to Major Support (0.9105) 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.