Author: coughlin

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USDCHF

USDCHF Weekly Forex Forecast 4th November to 10th November

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USDCHF Weekly Forex Forecast 4th November to 10th 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 1.0100 would begin in Midterm.
Technical analysis:

While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A peak is formed in daily chart at 1.0095 on 10/31/2018, so more losses to support(s) 0.9985, 0.9865, 0.9815 and more depths 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 64.

Categories
USDCAD

USDCAD Weekly Forex Forecast 4th November to 10th November

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USDCAD Weekly Forex Forecast 4th November to 10th 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 1.3170 would begin in Midterm.
Technical analysis:

A peak is formed in daily chart at 1.3170 on 10/31/2018, so more losses to support(s) 1.3080, 1.3000, 1.2885 and more depths 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.

Categories
NZDUSD

NZDUSD Weekly Forex Forecast 4th November to 10th November

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NZDUSD Weekly Forex Forecast 4th November to 10th November by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 0.6430, beginning of uptrend is expected.
We make sure when the resistance at 0.6690 breaks.
If the support at 0.6430 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 0.6544 on 2018-08-15 and the trough at 0.6424 on 2018-10-08, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
The RSI resistance #1 at 59 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 0.6465 on 10/26/2018, so more gains maximum to Major Resistance (0.6690) 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
NZDCAD

NZDCAD Weekly Forex Forecast 3rd November to 9th November

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NZDCAD Weekly Forex Forecast 3rd November to 9th November by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 0.8320, beginning of uptrend is expected.
We make sure when the resistance at 0.8780 breaks.
If the support at 0.8320 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 0.8561 on 2018-08-15 and the trough at 0.832 on 2018-10-05, 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 support #2 at 49 is not broken, the probability of price decrease would be too low.
A trough is formed in daily chart at 0.8465 on 10/24/2018, so more gains to resistance(s) 0.8725 and maximum to Major Resistance (0.8780) 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 66.

Categories
GBPUSD

GBPUSD Weekly Forex Forecast 4th November to 10th November

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GBPUSD Weekly Forex Forecast 4th November to 10th 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:

A trough is formed in daily chart at 1.2695 on 10/30/2018, so more gains to resistance(s) 1.3040 and maximum to Major Resistance (1.3300) 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 49.

Categories
GBPNZD

GBPNZD Weekly Forex Forecast 3rd November to 9th November

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GBPNZD 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 a downtrend wave below 2.0470 would begin in Midterm.
Technical analysis:

There is a divergence in RSI and price between the peak at 2.00305 on 2018-09-18 and the peak at 2.04675 on 2018-10-10, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased.
The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
The RSI bounced from the support #2 at 32 and it prevented price from more losses.
A peak is formed in daily chart at 2.0470 on 10/11/2018, so more losses to support(s) 1.9435, 1.9245, 1.9095 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 39.

Categories
GBPJPY

GBPJPY Weekly Forex Forecast 5th November to 11th November

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GBPJPY Weekly Forex Forecast 5th November to 11th November by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 142.75, beginning of uptrend is expected.
We make sure when the resistance at 149.35 breaks.
If the support at 142.75 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.
A trough is formed in daily chart at 142.75 on 10/26/2018, so more gains to resistance(s) 148.45 and maximum to Major Resistance (149.35) 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 56.

Categories
GBPCHF

GBPCHF Weekly Forex Forecast 5th November to 11th November

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GBPCHF Weekly Forex Forecast 5th November to 11th November by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 1.2745, beginning of uptrend is expected.
We make sure when the resistance at 1.3100 breaks.
If the support at 1.2745 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.
The RSI bounced from the support #2 at 43 and it prevented price from more losses.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 58.

Categories
GBPCAD

GBPCAD Weekly Forex Forecast 5th November to 11th November

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GBPCAD Weekly Forex Forecast 5th November to 11th November 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 support #1 at 37 and it prevented price from more losses.
A trough is formed in daily chart at 1.6640 on 10/30/2018, so more gains to resistance(s) 1.7055 and maximum to Major Resistance (1.7285) 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

Categories
GBPAUD

GBPAUD Weekly Forex Forecast 3rd November to 9th November

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GBPAUD Weekly Forex Forecast 3rd November to 9th November by yshashmi37 on TradingView.com

Midterm forecast:

Although current trend is uptrend, but we forecast a downtrend wave would begin in Midterm.
Technical analysis:

There is a divergence in RSI and price between the peak at 1.8375 on 2018-09-11 and the peak at 1.8722 on 2018-10-10, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased.
The RSI support #1 at 50 is broken, so the probability of beginning of downtrend is increased.
A peak is formed in daily chart at 1.8725 on 10/11/2018, so more losses to support(s) 1.7940, 1.7800, 1.7650 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.