Author: coughlin

Categories
USDJPY

USDJPY Weekly Forex Forecast 4th November to 10th November

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USDJPY Weekly Forex Forecast 4th November to 10th 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 56.

Categories
EURGBP

EURGBP Weekly Forex Forecast 5th November to 11th November

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

Midterm forecast:

While the price is below the resistance 0.8965, resumption of downtrend is expected.
We make sure when the support at 0.8725 breaks.
If the resistance at 0.8965 is broken, the short-term forecast -resumption of downtrend- will be invalid.
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 41.

Categories
AUDCHF

AUDCHF Weekly Forex Forecast 5th November to 11th November

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AUDCHF Weekly Forex Forecast 5th November to 11th 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.
A trough is formed in daily chart at 0.7020 on 10/23/2018, so more gains to resistance(s) 0.7240, 0.7285, 0.7330 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 69.

Categories
AUDCAD

AUDCAD Weekly Forex Forecast 3rd November to 9th November

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AUDCAD 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 0.9105 would begin in Midterm.
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 64.

Categories
BRENT

BRENT Weekly Forex Forecast 3rd November to 9th November

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

Midterm forecast:

While the price is below the resistance 88.45, beginning of downtrend is expected.
We make sure when the support at 70.30 breaks.
If the resistance at 88.45 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:

The RSI support #1 at 37 is broken, so the probability of beginning of downtrend is increased.
While the RSI resistance #2 at 58 is not broken, the probability of price increase would be too low.
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
Forex Crypto XAGUSD

XAGUSD Weekly Forex Forecast 3rd November to 9th November

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

Midterm forecast:

While the price is above the support 13.60, beginning of uptrend is expected.
We make sure when the resistance at 15.60 breaks.
If the support at 13.60 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 14.35 on 2018-08-16 and the trough at 13.95 on 2018-09-11, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
The RSI bounced from the support #1 at 44 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 56.

Categories
XAUUSD

XAUUSD Weekly Forex Forecast 3rd November to 9th November

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XAUUSD 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 1183.15 would begin in Midterm.
Technical analysis:

The RSI resistance #1 at 53 is broken, so the probability of beginning of uptrend is increased.
The RSI bounced from the uptrend #2 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 59.

Categories
USDCHF

USDCHF Weekly Forex Forecast 28th October to 3rd November

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USDCHF Weekly Forex Forecast 28th October to 3rd 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 0.9840 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 0.9850 on 10/15/2018, so more gains to resistance(s) 0.9985, 1.0070, 1.0100 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 63.

Categories
USDCAD

USDCAD Weekly Forex Forecast 28th October to 3rd November

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USDCAD Weekly Forex Forecast 28th October to 3rd 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 1.3125 would begin in Midterm.
Technical analysis:

A peak is formed in daily chart at 1.3130 on 10/19/2018, 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 58.

Categories
NZDUSD

NZDUSD Weekly Forex Forecast 28th October to 3rd November

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NZDUSD Weekly Forex Forecast 28th October to 3rd November by yshashmi37 on TradingView.com

Midterm forecast:

0.6620 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 0.6620 is broken.
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.
While the RSI resistance #1 at 59 is not broken, the probability of price increase would be too low.
A peak is formed in daily chart at 0.6610 on 10/22/2018, so more losses to support(s) 0.6500, 0.6430, 0.6245 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 45.