Get started

Forexforecast

EURAUD / H4 / Daily Forex Technical Analysis / 4.17.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is April 17th, 2019 and we will be taking a look at the Euro against the Australian Dollar. Looking at the 4 hour time frame, looking at the overall structure price action keeps confronting the 1.57326 area as resistance and were looking for a break to the downside. So ultimately what were looking for is a break of the marked area 1.57111 as we see stops get trigger and potentially get a nice move to the downside. With multiple rejections at this area were looking to go Short near the 1.57118 area, with a Stop Loss near the 1.57846 region, to ensure a profitable trade with a 1.88 to 1 R/R. We are so humbled to have you tune in, please feel free to write a comment or leave feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
Short
by FuturesForexClasses
AUDCAD / H4 / Daily Forex Technical Analysis / 4.16.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is April 16th, 2019 and we will be taking a look at the Australian Dollar against the Canadian Dollar. Looking at the 4 hour time frame, we are looking for a retest of the .95689 area to look for possible long entry. Entry for a Long position near the .95689 area, with a Stop Loss near the .95512, could yield a profitable trade with a 2 to 1 R/R. Also keep in mind traders if we take out the local high there is room to run to the next area of support and resistance which would be near the .9630 area and breaking that region would put our next target level near our marked area .96558. We are so humbled to have you tune in, please feel free to write a comment or leave feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
Long
by FuturesForexClasses
Possible SGD/JPY short position!!SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe 1-4 Days Actions on - A – Activating Event Market will meet resistance in zone @82.800 - .... and fall to the 81.200. In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 81.200 OANDA:SGDJPY Trade Management Entered @ ..... Stop Loss @ ..... Target 1 @ 81.200 Target 2 @ .... Risk/Reward @ 5.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
EURCAD / H4 / Daily Forex Technical Analysis / 4.12.2019Hello Traders, welcome to the DAILY Forex technical analysis. Today is April 12th, 2019 and we will be taking a look at the Euro against the Canadian Dollar. Today we are unfortunately a bit late to the Daily Forex analysis, but there is still some life left to this analysis, and we can can analyze the outcome together. Looking at the 4 hour time frame we were looking to enter a Long position near the 1.50498 area, with a Stop Loss near the 1.50226 area, would have ensured a profitable trade with a 2.24 to 1 R/R. We are so thankful to have you tune in, please feel free to write a comment or leave feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
Long
by FuturesForexClasses
EURUSD / H4 / Daily Forex Technical Analysis / 4.11.2019Hello Traders, welcome to the DAILY Forex technical analysis. Today is April 11th, 2019 and we will be taking a look at the Euro against the U.S.Dollar. Looking at the 4 hour time frame we can see we have made a series of higher lows and price action is now consolidating above major key support and resistance near the 1.12548 area. With this consolidation we will be looking for a optimal long position to set its self up. If we break out to the upside past the most recent highs, it could set up a profitable long. With a long entry above the local highs around the 1.12881 area, with a stop loss near 1.12477, and a profit target area of 1.13605, we can ensure a R/R of 1.79 to 1. We are so thankful to have you tune in, please feel free to write a comment or leave feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
Long
by FuturesForexClasses
1
EURUSD Bear Pressure Remains Intact, Looks To Weaken Further EURUSD bear pressure remains intact as it looks to pressure further lower in the new week. Support comes in at the 1.1200 where a violation will turn risk to the 1.1150 level. A break below here will target the 1.1100 level. Further down, support sits at the 1.1050. Its daily RSI remains weak and vulnerable suggesting further weakness. Conversely, on the upside, resistance resides at 1.1250 level with a break through there opening the door for further upside towards the 1.1.1300 level. Further up, resistance comes in at the 1.1350 level where a violation will expose the 1.1400 level. All in all, EURUSD bear pressure remains intact as it threatens further downside
Short
by FXTechstrategy
GBPUSD Retains Downside Pressure Short Term GBPUSD retains downside pressure in the short term as it closed lower on Friday. Support stands at 1.3000 level. Further down, support comes in at the 1.2950 level where a break will turn focus to the 1.2900 level. Further down, support lies at the 1.2850 level. Below here will set the stage for more weakness towards the 1.2800 level. On the upside, resistance stands at the 1.3050 with a turn above here allowing for additional strength to build up towards the 1.3100 level. Further out, resistance stands at the 1.3150 level followed by the 1.3200 level. On the whole, GBPUSD faces further downside pressure on more weakness threats.
Short
by FXTechstrategy
SGDJPY Forex Cross Pairs dropping with new supply levelsSGDJPY Forex Cross Pairs dropping with new supply levels imbalances being created. Weekly supply level around 82.27 has gained control, price is reacting to it creating weekly bearish engulfing patterns and new daily supply level around 82.48. That last daily supply imbalance has taken control a few days ago and had price drop very sharply from it. New supply levels are being created on lower timeframes, no longs are allowed on this SGDJPY Forex cross pair with daily and weekly supply imbalances in control. No need to use any lagging indicators, volume analysis or take into account fundamentals or earnings releases, we trade only supply and demand imbalances using a predefined mechanical set of rules.
Short
by AlfonsoMoreno
USDJPY Halts Weakness With Eyes On More Recovery USDJPY eyes more recovery following its price halt on Thursday. As long as it stays above the 110.35 support zone, more price strength is expected. On the upside, resistance comes in at 111.50 level. Above this level will turn attention to the 112.00 level. Further out, we expect a possible move towards the 112.50 level. A cut through here will open the door for more gain towards the 113.00. On the downside, support comes in at the 110.50 level where a break will target the 110.00 level. Below that level will turn focus to the 109.50 level and then lower towards the 109.00 level. On the whole, USDJPY faces further upside pressure on further recovery.
Short
by FXTechstrategy
GOLD Threatening Further Upside Pressure Nearer Term GOLD threatening further upside pressure nearer term as it closed higher the past week. The pair looks to move higher towards the 1,310.00 resistance zone in the new week. Further out, resistance resides at the 1,320.00 level where a break will aim at the 1,330.00 level. A turn above there will expose the 1,340.00 level. Further out, resistance stands at the 1,350.00 level. Its daily RSI is pointing higher suggesting further strength. On the downside, support comes in at the 1,290.00 level where a break will turn attention to the 1,280.00 level. Further down, a cut through here will open the door for a move lower towards the 1,270.00 level. Below here if seen could trigger further downside pressure targeting the 1,260.00 level. All in all, GOLD looks to move further higher in the days ahead.
Long
by FXTechstrategy
A trading opportunity to Buy in EURCADMidterm forecast: . While the price is above the support 1.4750, beginning of uptrend is expected. . We make sure when the resistance at 1.5360 breaks. . If the support at 1.4750 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: . The RSI resistance #1 at 48 is broken, so the probability of beginning of uptrend is increased. . A trough is formed in daily chart at 1.4879 on 02/22/2019, so more gains to resistance(s) 1.5115, 1.5190, 1.5285 and maximum to Major Resistance (1.5360) 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 56. Trading suggestion: There is possibility of temporary retracement to suggested Buy Zone (1.4915 to 1.4860). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone. We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (1.4915) Ending of entry zone (1.4860) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Trade Setup: We opened 8 BUY trade(s) @ 1.51047 based on "Valley" entry method at 03.04.2019. Take Profits: TP1 = @1.5115 TP2 = @1.5190 TP3 = @1.5285 TP4 = @1.5360 TP5 = @1.5450 TP6 = @1.5640 TP7 = @1.6150 TP8 = Free
Long
by ForecastCity
11
EURUSD Looks To Weaken Further Towards 1.1315/00 Zone EURUSD looks to weaken further towards 1.1315/00 zone as it remains vulnerable. Support comes in at the 1.1300 where a violation will aim at the 1.1250 level. A break below here will target the 1.1200 level. Further down, support lies at the 1.1150. On the upside, resistance resides at 1.1400 level with a break through there opening the door for further upside towards the 1.1450 level. Further up, resistance comes in at the 1.1500 level where a violation will expose the 1.1550 level. All in all, EURUSD continues to threaten further downside pressure.
Short
by FXTechstrategy