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Forecasting

This is a discussion on Forecasting within the General Discussion forums, part of the Trading Forum category; AUD/USD is moving to the upside despite the shooting star candlestick on the daily time-frame at 0.7160, I think next ...

          
   
  1. #181
    Senior Member mlawson71's Avatar
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    AUD/USD is moving to the upside despite the shooting star candlestick on the daily time-frame at 0.7160, I think next target is likely at 0.7200 and it may even break out above it.

  2. #182
    Senior Member mlawson71's Avatar
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    USD/CAD is testing the support at 1.3140. The pair is quite bearish as we may see a breakout and then a further move to the downside, likely towards the last low which was around 1.3070.

  3. #183
    Senior Member mlawson71's Avatar
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    EUR/GBP formed a hammer candlestick and and a spinning top candlestick at 0.8680 on the daily time-frame and it will likely bounce off from that support. Next target is likely at 0.8800.

  4. #184
    Senior Member mlawson71's Avatar
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    USD/CAD was quite bearish this week and it is currently testing the support at 1.3140. Next week there may be a further move to the downside towards 1.3100.

  5. #185
    Senior Member mlawson71's Avatar
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    AUD/USD is testing the support at 0.6880 and it has formed a spinning top candlestick at that level on the one-hour time-frame. If it breaks out below that support it will probably continue depreciating towards 0.6800.

  6. #186
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    EUR/USD dropped sharply today and reached a low at 1.1360 but it also rebounded from that support. On the four-hour time-frame the pair has formed a spectacular shooting star candlestick at 1.1420 so we may see a further move to the downside.

  7. #187
    Senior Member mlawson71's Avatar
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    The fundamentals pushed USD/CAD north today and the pair will likely soon reach 1.3250. A breakout above that level could lead to a further move to the upside towards 1.3300.

  8. #188
    Senior Member mlawson71's Avatar
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    USD/CAD pulled back from 1.3325 and it is currently consolidating sideways but it will likely continue moving north eventually towards the next target at 1.3400.

  9. #189
    Senior Member mlawson71's Avatar
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    EUR/USD is very bearish and I think it may eventually break out below the support at 1.1300 and continue depreciating towards the next support at 1.1200.

  10. #190
    Senior Member mlawson71's Avatar
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    EUR/USD dropped sharply today and it may depreciate below the support at 1.1200 to continue falling towards the next support around 1.1100 or even to 1.1000.

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