Category: Forex

Categories
Forex

USDTRY Weekly Forex Forecast 7th October to 13th October

 

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USDTRY 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 an uptrend wave above 5.0000 would begin in Midterm.
Technical analysis:

The RSI downtrend #1 is broken, so the probability of resumption of uptrend 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 50.

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