Author: coughlin

Categories
EURJPY

EURJPY Weekly Forex Forecast 20th October to 26th October

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EURJPY Weekly Forex Forecast 20th October to 26th October 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 support #1 at 47 is broken, so the probability of beginning of downtrend is increased.
A peak is formed in daily chart at 130.30 on 10/16/2018, so more losses to support(s) 128.50, 127.15, 125.80 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 46.

Categories
EURCAD

EURCAD Weekly Forex Forecast 22nd October to 28th October

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EURCAD Weekly Forex Forecast 22nd October to 28th October 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 1.4800 would begin in Midterm.
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.
A trough is formed in daily chart at 1.4930 on 10/19/2018, so more gains to resistance(s) 1.5190, 1.5315, 1.5465 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 53.

Categories
EURAUD

EURAUD Weekly Forex Forecast 22nd October to 28th October

 

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EURAUD Weekly Forex Forecast 21st October to 27th October by yshashmi37 on TradingView.com

Midterm forecast:

While the price is below the resistance 1.6355, beginning of downtrend is expected.
We make sure when the support at 1.5985 breaks.
If the resistance at 1.6355 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.
A peak is formed in daily chart at 1.6355 on 10/11/2018, so more losses minimum to Major Support (1.5985) 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 50.

Categories
CHFJPY

CHFJPY Weekly Forex Forecast 21st October to 27th October

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CHFJPY Weekly Forex Forecast 21st October to 27th October 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 35.

Categories
CADJPY Forex Crypto

CADJPY Weekly Forex Forecast 21st October to 27th October

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CADJPY Weekly Forex Forecast 21st October to 27th October 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 91.65 would begin in Midterm.
Technical analysis:

The descending flag taking shape suggests we will soon see another leg lower.
The RSI bounced from the downtrend #1 and it prevented price from more gains.
The RSI uptrend #2 is broken, so the probability of beginning of downtrend is increased.
A peak is formed in daily chart at 86.90 on 10/16/2018, so more losses to support(s) 85.05, 84.25, 83.50 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 44.

Categories
CADCHF

CADCHF Weekly Forex Forecast 21st October to 27th October

 

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CADCHF Weekly Forex Forecast 21st October to 27th October 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 ascending flag taking shape suggests we will soon see another leg higher.
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 peak is formed in daily chart at 0.7665 on 10/16/2018, so more losses to support(s) 0.7570 and minimum to Major Support (0.7530) 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
EURUSD

EURUSD Weekly Forex Forecast 21st October to 27th October

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EURUSD Weekly Forex Forecast 21st October to 27th October 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 1.1800 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 support #1 at 46 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 45.

Categories
EURGBP

EURGBP Weekly Forex Forecast 21st October to 27th October

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EURGBP Weekly Forex Forecast 21st October to 27th October by yshashmi37 on TradingView.com

Midterm forecast:

0.8915 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
Technical analysis:

The Rising Wedge taking shape and as a bearish pattern suggests we will soon see another leg lower if price breaks and closes below uptrend.
While the RSI resistance #1 at 54 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 45.

Categories
USDJPY

USDJPY Weekly Forex Forecast 21st October to 27th October

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USDJPY Weekly Forex Forecast 21st October to 27th October 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 111.65 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 111.65 is broken.
Technical analysis:

The RSI bounced from the resistance #1 at 74 and it prevented price from more gains.
The RSI uptrend #2 is broken, so the probability of beginning of downtrend is increased.
While the RSI support #3 at 43 is not broken, the probability of price decrease 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 50.

Categories
AUDUSD

AUDUSD Weekly Forex Forecast 21st October to 27th October

 

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AUDUSD Weekly Forex Forecast 21st October to 27th October by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 0.7040, beginning of uptrend is expected.
We make sure when the resistance at 0.7160 breaks.
If the support at 0.7040 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:

While the RSI resistance #1 at 55 is not broken, the probability of price increase would be too low.
A peak is formed in daily chart at 0.7160 on 10/17/2018, so more losses to support(s) 0.7085 and minimum to Major Support (0.7040) 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.