Author: coughlin

Categories
GBPCAD

GBPCAD Weekly Forex Forecast 23rd September To 28th September

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GBPCAD Weekly Forex Forecast 23rd September To 28th September 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 46.

Categories
GBPAUD

GBPAUD Weekly Forex Forecast 23nd September To 28th September

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GBPAUD Weekly Forex Forecast 23rd September To 28th September 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 48.

Categories
EURGBP

EURGBP Weekly Forex Forecast 23rd September To 28th September

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EURGBP Weekly Forex Forecast 23rd September To 29th September 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 0.9305 would begin in Midterm.
Technical analysis:

The RSI resistance #1 at 51 is broken, so the probability of beginning of downtrend is decreased.
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
EURJPY

EURJPY Weekly Forex Forecast 22rd September To 29th September

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EURJPY Weekly Forex Forecast 22rd September To 29th September by yshashmi37 on TradingView.com

Midterm forecast:

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

The RSI bounced from the downtrend #1 and it prevented price from more gains.
A trough is formed in daily chart at 127.85 on 09/10/2018, so more gains to resistance(s) 133.50, 137.50, 141.15 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 66.

Categories
EURAUD

EURAUD Weekly Forex Forecast 23rd September To 29th September

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EURAUD Weekly Forex Forecast 23rd September To 29th September 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:

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 54.

Categories
CHFJPY

CHFJPY Weekly Forex Forecast 22rd September To 28th September

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CHFJPY Weekly Forex Forecast 22rd September To 28th September by yshashmi37 on TradingView.com

Midterm forecast:

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

Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 74.

Categories
CADCHF

CADCHF Weekly Forex Forecast 23rd September To 28th September

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CADCHF Weekly Forex Forecast 23rd September To 28th September by yshashmi37 on TradingView.com

Midterm forecast:

0.7530 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 0.7530 is broken.
Technical analysis:

The ascending flag taking shape suggests we will soon see another leg higher.
While the RSI resistance #1 at 60 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
AUDUSD Forex

AUDUSD Weekly Forex Forecast 22nd September To 29th September

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AUDUSD Weekly Forex Forecast 23rd September To 28th September by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 0.7085, beginning of uptrend is expected.
We make sure when the resistance at 0.7320 breaks.
If the support at 0.7085 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.
A trough is formed in daily chart at 0.7140 on 09/17/2018, so more gains maximum to Major Resistance (0.7320) 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 55

Categories
AUDNZD

AUDNZD Weekly Forex Forecast 23rd September To 28th September

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AUDNZD Weekly Forex Forecast 23rd September To 28th September 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 1.1140 would begin in Midterm. 
Technical analysis: 

The ascending flag taking shape suggests we will soon see another leg higher. 
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. 
Relative strength index ( RSI ) is 47.

Categories
AUDCHF

AUDCHF Weekly Forex Forecast 23rd September To 28th September

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AUDCHF Weekly Forex Forecast 23rd September To 28th September by yshashmi37 on TradingView.com

Midterm forecast:

0.7145 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 0.7145 is broken.
Technical analysis:

The RSI bounced from the support #1 at 25 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 43.