Midterm forecast:
While the price is above the support 101.85, beginning of uptrend is expected.
We make sure when the resistance at 250.00 breaks.
If the support at 101.85 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
A trough is formed in daily chart at 109.35 on 07/19/2021, so more gains to resistance(s) 165.20, 178.70, 216.05 and maximum to Major Resistance (250.00) 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.
Take Profits:
TP1= @178.70
TP2= @216.05
TP3= @250.00
TP4= @293.40
TP5= @336.00
TP6= @399.65
TP7= @475.85
TP8= @542.90
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Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, âĪïļ
ForecastCity English Support Team âĪïļ
While the price is above the support 101.85, beginning of uptrend is expected.
We make sure when the resistance at 250.00 breaks.
If the support at 101.85 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
A trough is formed in daily chart at 109.35 on 07/19/2021, so more gains to resistance(s) 165.20, 178.70, 216.05 and maximum to Major Resistance (250.00) 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.
Take Profits:
TP1= @178.70
TP2= @216.05
TP3= @250.00
TP4= @293.40
TP5= @336.00
TP6= @399.65
TP7= @475.85
TP8= @542.90
âĪïļ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the ð LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
âĪïļ Your support is very much ð appreciated!âĪïļ
ð Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, âĪïļ
ForecastCity English Support Team âĪïļ
High Accurate AI-Generated forecasts for:
ð36 Forex Pairs
ð175 Cryptos
ð16 Stock & Currency Indices
ðGold,Silver,Oil,Gas
â Best Profitable Trading Strategies
â in 9 languages
â since 2007
FREE Telegram ð t.me/forecastcity_com
ð36 Forex Pairs
ð175 Cryptos
ð16 Stock & Currency Indices
ðGold,Silver,Oil,Gas
â Best Profitable Trading Strategies
â in 9 languages
â since 2007
FREE Telegram ð t.me/forecastcity_com