Premium6 468x60 forex
Page 13 of 14 FirstFirst ... 3 11 12 13 14 LastLast
Results 121 to 130 of 139

Forecasting

This is a discussion on Forecasting within the General Discussion forums, part of the Trading Forum category; AUD/USD has formed both a double top at 0.7340 and a shooting star candlestick at the same level on the ...

          
   
  1. #121
    Member mlawson71's Avatar
    Join Date
    Sep 2017
    Posts
    67
    AUD/USD has formed both a double top at 0.7340 and a shooting star candlestick at the same level on the daily time-frame. Both are very good signals for an impending move to the downside and if it does begin to develop next target will likely be at 0.7260.

  2. #122
    Member mlawson71's Avatar
    Join Date
    Sep 2017
    Posts
    67
    GBP/JPY continues consolidating sideways above 144.30. A possible breakout below that level could lead to a further move to the downside towards the next major support level at 142.80.

  3. #123
    Member mlawson71's Avatar
    Join Date
    Sep 2017
    Posts
    67
    NZD/USD continues consolidating sideways at 0.6875 despite the double top at that level, and I think next week we may see another attempt to break out above the resistance, but considering said double top I doubt it will be successful.

  4. #124
    Member mlawson71's Avatar
    Join Date
    Sep 2017
    Posts
    67
    GBP/USD remains very bearish. The pair is testing the support at 1.2700 and it may likely break out below that level to continue moving to the downside. If that happens the next target will likely be at 1.2660, which is the last low.

  5. #125
    Member mlawson71's Avatar
    Join Date
    Sep 2017
    Posts
    67
    GBP/JPY continues slowly depreciating and the pair broke out below the last low at 144.00, invalidating the possibility for a double bottom. The move to the downside will probably continue towards the next likely target around 143.40.

  6. #126
    Member mlawson71's Avatar
    Join Date
    Sep 2017
    Posts
    67
    EUR/USD found some support at 1.1310 after the sharp depreciation today and it will likely recover said depreciation. I think next target will be around 1.1350 again, in other words, the sideways consolidation continues.

  7. #127
    Member mlawson71's Avatar
    Join Date
    Sep 2017
    Posts
    67
    GBP/USD has formed a pair of spinning top candlesticks at 1.2650 on the daily time-frame, and while such candlesticks are a signal for indecision, rather than reversal, I think we may see a rally towards 1.2800.

  8. #128
    Member mlawson71's Avatar
    Join Date
    Sep 2017
    Posts
    67
    AUD/USD is consolidating above the support at 0.7200 and it is unlikely to break out below that level before the market closes today. It has also formed multiple spinning top candlestick above it on the four-hour time-frame, but whether that will lead to a bounce from the support remains to be seen next week.

  9. #129
    Member mlawson71's Avatar
    Join Date
    Sep 2017
    Posts
    67
    USD/CAD formed a spectacular shooting star candlestick at 1.3445 on the daily time frame and bounced off from that level. It is currently testing the support at 1.3300, a breakout below that level could lead to a depreciation towards 1.3200.

  10. #130
    Member mlawson71's Avatar
    Join Date
    Sep 2017
    Posts
    67
    NZD/CAD found some support at 0.9100 but considering the impressive shooting star candlestick the pair has formed at 0.9255 on the daily time-frame the move to the downside is likely not over yet.

Page 13 of 14 FirstFirst ... 3 11 12 13 14 LastLast

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •