Author: coughlin

Categories
BRENT

BRENT Weekly Forex Forecast 9th September to 22nd September

 

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

BRENT Weekly Forex Forecast 9th September to 22nd September by yshashmi37 on TradingView.com

Midterm forecast:

While the price is below the resistance 82.00, beginning of downtrend is expected.
We make sure when the support at 70.30 breaks.
If the resistance at 82.00 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:

There is a divergence in RSI and price between the peak at 70.35 on 2018-01-15 and the peak at 80.5 on 2018-05-22, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased.
The RSI bounced from the downtrend #1 and it prevented price from more gains.
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
XAGUSD

XAGUSD Weekly Forex Forecast 7th October to 13th October

 

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ’14eHD9jw’;
new TradingView.chart(tradingview_embed_options);

XAGUSD Weekly Forex Forecast 7th October to 13th October 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:

The RSI resistance #1 at 44 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 56.

Categories
XAUUSD

XAUUSD Weekly Forex Forecast 7th October to 13th October

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘z0k9Jz4k’;
new TradingView.chart(tradingview_embed_options);

XAUUSD Weekly Forex Forecast 7th October to 13th 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 1214.25 would begin in Midterm.
We will close our open trades, if the Midterm level 1214.25 is broken.
Technical analysis:

The symmetrical triangle taking shape and as a continuation pattern suggests we will soon see another leg lower if price breaks and closes below the uptrend line of the triangle.
While the RSI resistance #1 at 53 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 53.

Categories
AUDCHF

AUDCHF Weekly Forex Forecast 6th October to 12th October

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

AUDCHF Weekly Forex Forecast 6th October to 12th October by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 0.6805, beginning of uptrend is expected.
We make sure when the resistance at 0.7145 breaks.
If the support at 0.6805 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 resistance #2 at 58 and it prevented price from more gains.
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
AUDCAD

AUDCAD Weekly Forex Forecast 6th October to 12th October

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘B1wpYWnl’;
new TradingView.chart(tradingview_embed_options);

AUDCAD Weekly Forex Forecast 6th October to 12th October by yshashmi37 on TradingView.com

just now
Midterm forecast:

0.9270 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 0.9270 is broken.
Technical analysis:

Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index ( RSI ) is 26.

Categories
BTCUSD Forex Crypto

BTCUSD Weekly Forex Forecast 4 September to 8th September

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

BTCUSD Weekly Forex Forecast 4 September to 8th September by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 4966.90, resumption of uptrend is expected.
We make sure when the resistance at 8200.00 breaks.
If the support at 4966.90 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:

The RSI resistance #1 at 50 is broken, so the probability of resumption of uptrend is increased.
While the RSI support #2 at 50 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 65.

Categories
ETHUSD

ETHUSD Weekly Forex Forecast 20 September to 26th September

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘KKf83UWN’;
new TradingView.chart(tradingview_embed_options);

ETHUSD Weekly Forex Forecast 20 September to 26th September by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 99.900, beginning of uptrend is expected.
We make sure when the resistance at 393.550 breaks.
If the support at 99.900 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:

The Falling Wedge taking shape and as a bullish pattern suggests we will soon see another leg higher if price breaks and closes above downtrend.
The RSI bounced from the support #1 at 18 and it prevented price from more losses.
While the RSI downtrend #2 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 39

Categories
USDCHF

USDCHF Weekly Forex Forecast 30 September to 6th October

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

USDCHF Weekly Forex Forecast 30 September to 6th 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 0.9700 would begin in Midterm.
Technical analysis:

The RSI bounced from the support #1 at 26 and it prevented price from more losses.
The RSI downtrend #2 is broken, so the probability of beginning of uptrend is increased.
A trough is formed in daily chart at 0.9540 on 09/21/2018, so more gains to resistance(s) 0.9815, 0.9865, 0.9985 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 59.

Categories
USDCAD

USDCAD Weekly Forex Forecast 30 September to 6th October

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘8TxCyXj2’;
new TradingView.chart(tradingview_embed_options);

USDCAD Weekly Forex Forecast 30 September to 6th 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 1.2885 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 1.3080 on 09/27/2018, so more losses minimum to Major Support (1.2885) 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 41.

Categories
NZDUSD

NZDCAD Weekly Forex Forecast 30 September to 6th October

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

NZDCAD Weekly Forex Forecast 30 September to 6th October by yshashmi37 on TradingView.com

Midterm forecast:

While the price is below the resistance 0.8735, resumption of downtrend is expected.
We make sure when the support at 0.8495 breaks.
If the resistance at 0.8735 is broken, the short-term forecast -resumption of downtrend- will be invalid.
We will close our open trades, if the Midterm level 0.8735 is broken.
Technical analysis:

There is a divergence in RSI and price between the trough at 0.8561 on 2018-08-15 and the trough at 0.8494 on 2018-09-12, the probability of downtrend continuation is decreased and the probability of beginning the correction wave is increased.
The RSI bounced from the downtrend #1 and it prevented price from more gains.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index ( RSI ) is 41.