Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 80.55 would begin in Midterm.
Technical analysis:
A trough is formed in daily chart at 81.65 on 04.02.2018, so more gains to resistance(s) 84.25, 84.75, 86.05 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 63.
Trading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (82.85 to 81.65), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (82.85)
Ending of entry zone (81.65)
Take Profits:
TP1= @ 84.25
TP2= @ 84.75
TP3= @ 86.05
TP4= @ 87.35
TP5= @ 89.70
TP6= @ 91.65
TP7= @ 96.10
TP8= @ 101.10
TP9= @ 106.50
TP10= Free
There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 80.55 would begin in Midterm.
Technical analysis:
A trough is formed in daily chart at 81.65 on 04.02.2018, so more gains to resistance(s) 84.25, 84.75, 86.05 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 63.
Trading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (82.85 to 81.65), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (82.85)
Ending of entry zone (81.65)
Take Profits:
TP1= @ 84.25
TP2= @ 84.75
TP3= @ 86.05
TP4= @ 87.35
TP5= @ 89.70
TP6= @ 91.65
TP7= @ 96.10
TP8= @ 101.10
TP9= @ 106.50
TP10= Free
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🌟36 Forex Pairs
🌟175 Cryptos
🌟16 Stock & Currency Indices
🌟Gold,Silver,Oil,Gas
✅ Best Profitable Trading Strategies
✅ in 9 languages
✅ since 2007
FREE Telegram 👉 t.me/forecastcity_com