Technical Analysis: The pair has posted a correction count to the strong support around the 1.7038 USD mark where it found buyers around the 61.80% Fibonacci retracement level. The market moved little bit higher but we expect a lower correction before a huge rally to the...
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Technical Analysis: The pair is bouncing inside a pennant flag. We expect a breakout to the upside and then a re-test of the highlighted zone before a big move to the upside in the main direction of the main trend toward the mentioned target profit. ------------------------------------------------------------------------------------- Trade Idea: Buy Market Order...
Technical Analysis: The price is bouncing inside a bearish channel formation to the downside before it posted an inverse head and shoulders which led to a breakout to the upside. A lower correction might be seen to the highlighted zone before a move to the upside in the opposite direction of the main...
Welcome to the latest Forex Weekly Forecast. I analyze 18 pairs, and put them on my Watchlist. Check the timestamps for the ones that aren't on the Watchlist. Remember, just because they aren't setting up today, doesn't meant they won't be near an entry during the week! So stayed tuned for updates! 00:00 Intro 00:09 DXY 02:37 USDCAD 04:05 USDCHF 05:07...
Technical Analysis: The price is bouncing inside a bullish flag formation. It has a bias to break to the upside which shows that most probably the pair will continue its main direction to the upside, but before a lower correction might be seen to the highlighted zone. ------------------------------------------------------------------------------------- Trade...
Technical Analysis: The price is trading inside a bullish flag which indicates that we are in a correction before an impulse to the upside. The pair is heading toward the area of confluence which is made by the 61.80% Fibonacci retracement and the strong support. This will lead to a move upward in the same direction of the main...
Technical Analysis: The price left a double bottom which indicates a reversal, the market moved to the upside in an aggressive way. It managed to break the daily resistance (now support). A lower correction might be seen to the highlighted zone before another rally. ------------------------------------------------------------------------------------- Trade...
Technical Analysis: The price found buyers around the 71.80 % Fibonacci retracement level which led to a breakout of the bullish flag. A lower correction could be seen toward the highlighted zone before a quick move to the upside in the same direction of the main trend. ------------------------------------------------------------------------------------- Trade...
Technical Analysis: The price is trading above a strong support where it posted a bullish head and shoulders. This move could lead to a reversal and a move upward toward the mentioned target profit which is around the 0.8748 USD mark. ------------------------------------------------------------------------------------- Trade Idea: Buy Limit Order @ 0.8713 Take...
Technical Analysis: The price is trading inside a wedge formation where it managed to break it to the upside. A lower correction might be seen around the highlighted zone. This move could lead to a bounce and a move upward in the same direction of the main trend. ------------------------------------------------------------------------------------- Trade...
Technical Analysis: The price posted a head and shoulders near the lower end of the bullish flag. This led to a breakout to the upside. A lower correction might be seen before the rally upward in the same direction of the main trend. ------------------------------------------------------------------------------------- Trade Idea: Buy Limit Order @ 121.93 Take...
Technical Analysis: The price posted a double bottom near a strong support after a huge retracement to the 61.80% Fibonacci retracement level. The price reversed and rallied where it is traded now above the neckline. Further movement to the upside is expected in the same direction of the main...
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Technical Analysis: The price is ranging inside a bullish channel formation where we expect a lower correction to the lower end of the channel. This move could lead to the end of the retracement count and then a move upward in the same direction of the main trend. ------------------------------------------------------------------------------------- Trade...
Technical Analysis: The price is trading inside a bullish channel where it managed to break it to the downside. Now, the pair has formed a wedge formation which represents a correction. This will push the price temporary to the upside before it tumbles and reach the target...