Category: EURGBP

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

EURGBP Weekly Forex Forecast 10th December to 16th December by yshashmi37 on TradingView.com

Midterm forecast:

While the price is below the resistance 0.9150, beginning of downtrend is expected.
We make sure when the support at 0.8850 breaks.
If the resistance at 0.9150 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:

There is a divergence in RSI and price between the trough at 0.8725 on 2018-10-10 and the trough at 0.8655 on 2018-11-13, and the probability of beginning of downtrend is decreased.
While the RSI resistance #1 at 63 is not broken, the probability of price increase would be too low.
The RSI bounced from the uptrend #2 and it prevented price from more losses.
A trough is formed in daily chart at 0.8810 on 11/28/2018, so more gains to resistance(s) 0.9005, 0.9050, 0.9100 and maximum to Major Resistance (0.9150) 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.

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

EURGBP Weekly Forex Forecast 2nd December to 8th December by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 0.8620, beginning of uptrend is expected.
We make sure when the resistance at 0.8930 breaks.
If the support at 0.8620 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 0.8725 on 2018-10-10 and the trough at 0.8655 on 2018-11-13, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
While the RSI resistance #1 at 63 is not broken, the probability of price increase would be too low.
The RSI bounced from the uptrend #2 and it prevented price from more losses.
A trough is formed in daily chart at 0.8810 on 11/28/2018, so more gains to resistance(s) 0.8895 and maximum to Major Resistance (0.8930) 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.

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘JaofCQY9’;
new TradingView.chart(tradingview_embed_options);

EURGBP Weekly Forex Forecast 24th November to 30th November by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 0.8620, beginning of uptrend is expected.
We make sure when the resistance at 0.8930 breaks.
If the support at 0.8620 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 0.8725 on 2018-10-10 and the trough at 0.8655 on 2018-11-13, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
While the RSI resistance #1 at 63 is not broken, the probability of price increase would be too low.
The RSI bounced from the uptrend #2 and it prevented price from more losses.
A peak is formed in daily chart at 0.8935 on 11/19/2018, so more losses to support(s) 0.8795, 0.8725, 0.8685 and minimum to Major Support (0.8620) 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.

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘0sozXKeS’;
new TradingView.chart(tradingview_embed_options);

EURGBP Weekly Forex Forecast 18th November to 24th November by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 0.8620, beginning of uptrend is expected.
We make sure when the resistance at 0.8930 breaks.
If the support at 0.8620 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 0.8725 on 2018-10-10 and the trough at 0.8655 on 2018-11-13, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
The RSI bounced from the uptrend #2 and it prevented price from more losses.
A trough is formed in daily chart at 0.8655 on 11/13/2018, so more gains maximum to Major Resistance (0.8930) 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 62.

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘cfjDQbj0’;
new TradingView.chart(tradingview_embed_options);

EURGBP Weekly Forex Forecast 11th November to 17th November by yshashmi37 on TradingView.com

Midterm forecast:

While the price is below the resistance 0.8850, resumption of downtrend is expected.
We make sure when the support at 0.8620 breaks.
If the resistance at 0.8850 is broken, the short-term forecast -resumption of downtrend- will be invalid.
We will close our open trades, if the Midterm level 0.8850 is broken.
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 40.

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘8vTqhjS7’;
new TradingView.chart(tradingview_embed_options);

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.

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘rgaa3biC’;
new TradingView.chart(tradingview_embed_options);

EURGBP Weekly Forex Forecast 27th October to 1st 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 0.8965 would begin in Midterm.
Technical analysis:

While the RSI resistance #1 at 56 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 58.

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘sU4J7QTs’;
new TradingView.chart(tradingview_embed_options);

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.

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘u0aGtkOt’;
new TradingView.chart(tradingview_embed_options);

EURGBP Weekly Forex Forecast 13th October to 19th October by yshashmi37 on TradingView.com

Midterm forecast:

The current trend is downtrend and the forecast is continuation of downtrend.
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 40.

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘8oWlJS0o’;
new TradingView.chart(tradingview_embed_options);

EURGBP Weekly Forex Forecast 7th October to 13th October by yshashmi37 on TradingView.com

Midterm forecast:

The current trend is downtrend and the forecast is continuation of downtrend.
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 31.