Author: coughlin

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.

Categories
EURUSD

EURUSD Weekly Forex Forecast 11th November to 17th November

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

Midterm forecast:

While the price is above the support 1.1300, beginning of uptrend is expected.
We make sure when the resistance at 1.1615 breaks.
If the support at 1.1300 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 1.15095 on 2018-05-29 and the trough at 1.13005 on 2018-08-15, 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.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 38.

Categories
USDJPY

USDJPY Weekly Forex Forecast 11th November to 17th November

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

Midterm forecast:

While the price is below the resistance 114.55, beginning of downtrend is expected.
We make sure when the support at 111.60 breaks.
If the resistance at 114.55 is broken, the short-term forecast -beginning of downtrend- will be invalid.
We will close our open trades, if the Midterm level 111.60 is broken.
Technical analysis:

While the RSI support #1 at 43 is not broken, the probability of price decrease would be too low.
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
XAGUSD

XAUUSD Weekly Forex Forecast 11th November to 17th November

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XAUUSD 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 an uptrend wave above 1183.15 would begin in Midterm.
Technical analysis:

The RSI uptrend #1 is broken, so the probability of beginning of uptrend is decreased.
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
USDTRY

USDTRY Weekly Forex Forecast 3rd November to 9th November

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USDTRY Weekly Forex Forecast 3rd November to 9th 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 5.0000 would begin in Midterm.
We will close our open trades, if the Midterm level 5.0000 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 32.