Author: coughlin

Categories
EURUSD

EURUSD Weekly Forex Forecast 4th November to 10th November

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘UzsHMwRv’;
new TradingView.chart(tradingview_embed_options);

EURUSD Weekly Forex Forecast 4th November to 10th 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 41.

Categories
EURNZD Forex Crypto

EURNZD Weekly Forex Forecast 5th November to 11th November

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘eanpi3Hg’;
new TradingView.chart(tradingview_embed_options);

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

Midterm forecast:

1.7390 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 1.7390 is broken.
Technical analysis:

There is a divergence in RSI and price between the peak at 1.78245 on 2018-09-11 and the peak at 1.79285 on 2018-10-08, the probability of uptrend continuation is decreased and the probability of continuation of downtrend is increased.
The RSI uptrend #1 is broken, so the probability of continuation of downtrend is increased.
A peak is formed in daily chart at 1.7930 on 10/08/2018, so more losses to support(s) 1.7115, 1.6815, 1.6565 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 29.

Categories
EURCAD

EURCAD Weekly Forex Forecast 5th November to 11th November

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘OGNTwbFr’;
new TradingView.chart(tradingview_embed_options);

EURCAD Weekly Forex Forecast 5th November to 11th 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 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.
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A peak is formed in daily chart at 1.5130 on 10/19/2018, so more losses minimum to Trend Hunter Buy Zone (1.4825 to 1.4735) 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
EURAUD

EURAUD Weekly Forex Forecast 3rd November to 9th November

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘7ybc3YOF’;
new TradingView.chart(tradingview_embed_options);

EURAUD 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 1.5985 would begin in Midterm.
Technical analysis:

There is a divergence in RSI and price between the peak at 1.6354 on 2018-09-11 and the peak at 1.6357 on 2018-10-11, 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.
While the RSI downtrend #2 is not broken, bearish wave in price would continue.
A peak is formed in daily chart at 1.6355 on 10/11/2018, so more losses to support(s) 1.5700, 1.5605, 1.5530 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 31.

Categories
CHFJPY

CHFJPY Weekly Forex Forecast 3rd November to 9th November

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘gMZ9gjqs’;
new TradingView.chart(tradingview_embed_options);

CHFJPY 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 beginning of downtrend.
Technical analysis:

The RSI uptrend #1 is broken, so the probability of beginning of downtrend 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 44.

Categories
CADCHF

CADCHF Weekly Forex Forecast 3rd November to 9th November

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘ZI8IKsM0’;
new TradingView.chart(tradingview_embed_options);

AUDUSD 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 0.7530 would begin in Midterm.
Technical analysis:

The symmetrical triangle taking shape and as a continuation pattern suggests we will soon see another leg higher if price breaks and closes above the downtrend line of the triangle.
The RSI downtrend #1 is broken, so the probability of beginning of downtrend is decreased.
While the RSI support #2 at 50 is not broken, the probability of price decrease would be too low.
A trough is formed in daily chart at 0.7600 on 10/26/2018, so more gains to resistance(s) 0.7705, 0.7820, 0.7910 and more heights 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
AUDUSD

AUDUSD Weekly Forex Forecast 4th November to 10th November

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘6bAkFTMT’;
new TradingView.chart(tradingview_embed_options);

AUDUSD 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 beginning of uptrend.
Technical analysis:

The RSI resistance #1 at 56 is broken, so the probability of beginning of uptrend is increased.
A trough is formed in daily chart at 0.7020 on 10/26/2018, so more gains to resistance(s) 0.7230, 0.7320, 0.7445 and more heights 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 58.

Categories
AUDNZD

AUDNZD Weekly Forex Forecast 3rd November to 9th November

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘i2eRTuHe’;
new TradingView.chart(tradingview_embed_options);

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

Midterm forecast:

1.1140 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 42

Categories
AUDJPY

AUDJPY Weekly Forex Forecast 3rd November to 9th November

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘DfIcDd8U’;
new TradingView.chart(tradingview_embed_options);

AUDJPY Weekly Forex Forecast 3rd November to 9th 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 82.50 breaks.
If the support at 78.65 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 80.495 on 2018-03-23 and the trough at 78.03 on 2018-11-03, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
While the RSI resistance #1 at 62 is not broken, the probability of price increase 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 60.

Categories
GBPUSD

GBPUSD Weekly Forex Forecast 4th November to 10th November

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ’11aukSnE’;
new TradingView.chart(tradingview_embed_options);

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.