Author: coughlin

Categories
GBPUSD

GBPUSD Weekly Forex Forecast 30 September to 6th October

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GBPUSD Weekly Forex Forecast 30 September to 6th October 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 1.3315 breaks.
If the support at 1.2660 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:

While the RSI support #1 at 46 is not broken, the probability of price decrease would be too low.
A peak is formed in daily chart at 1.3300 on 09/20/2018, so more losses to support(s) 1.3000, 1.2955, 1.2775 and minimum to Major Support (1.2660) 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 48.

Categories
GBPNZD

GBPNZD Weekly Forex Forecast 30 September to 6th October

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

Midterm forecast:

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

A peak is formed in daily chart at 1.9855 on 09/26/2018, so more losses to support(s) 1.9620, 1.9460, 1.9350 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 50.

Categories
GBPCAD

GBPCAD Weekly Forex Forecast 30 September to 6th October

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

Midterm forecast:

While the price is below the resistance 1.7185, resumption of downtrend is expected.
We make sure when the support at 1.6565 breaks.
If the resistance at 1.7185 is broken, the short-term forecast -resumption of downtrend- will be invalid.
We will close our open trades, if the Midterm level 1.7185 is broken.
Technical analysis:

While the RSI resistance #1 at 63 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 43.

Categories
GBPAUD

GBPAUD Weekly Forex Forecast 1st October to 6th October

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GBPAUD Weekly Forex Forecast 1st October 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 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 51.

Categories
EURGBP

EURGBP Weekly Forex Forecast 30 September to 6th October

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

Midterm forecast:

While the price is below the resistance 0.9305, beginning of downtrend is expected.
We make sure when the support at 0.8850 breaks.
If the resistance at 0.9305 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:

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 46.

Categories
EURUSD

EURUSD Weekly Forex Forecast 29th September to 6th October

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EURUSD Weekly Forex Forecast 29th September to 6th 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 1.1840 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 downtrend #1 is broken, so the probability of beginning of uptrend is increased.
While the RSI support #2 at 46 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 45.

Categories
EURCAD

EURCAD Weekly Forex Forecast 1st October to 6th October

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EURCAD Weekly Forex Forecast 1st October to 6th October by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 1.4800, beginning of uptrend is expected.
We make sure when the resistance at 1.5360 breaks.
If the support at 1.4800 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 1.49165 on 2018-05-30 and the trough at 1.47985 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 47 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 37

Categories
EURAUD

EURAUD Weekly Forex Forecast 1st October to 6th October

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EURAUD Weekly Forex Forecast 1st October to 6th 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 1.6040 breaks.
If the resistance at 1.6355 is broken, the short-term forecast -beginning of downtrend- will be invalid.
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 48.

Categories
CHFJPY

CHFJPY Weekly Forex Forecast 1st October to 6th October

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CHFJPY Weekly Forex Forecast 1st October to 6th October by yshashmi37 on TradingView.com

Midterm forecast:

114.70 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:

While the RSI uptrend #1 is not broken, bullish wave in price would continue.
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
CADCHF

CADCHF Weekly Forex Forecast 1st October to 6th October

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CADCHF Weekly Forex Forecast 1st October 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 0.7530 would begin in Midterm.
Technical analysis:

The RSI downtrend #1 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 66.