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Forecasting

This is a discussion on Forecasting within the General Discussion forums, part of the Trading Forum category; USD/JPY has formed several shooting star candlesticks at 112.00 on the four-hour time-frame but the pair is still testing that ...

          
   
  1. #211
    Senior Member mlawson71's Avatar
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    USD/JPY has formed several shooting star candlesticks at 112.00 on the four-hour time-frame but the pair is still testing that resistance level. A breakout above it will likely lead to a rally towards 113.00.

  2. #212
    Senior Member mlawson71's Avatar
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    AUD/CAD is testing the resistance at 0.9600 and it is quite bullish so it will likely break out above that level. Next target is around 0.9660, I think.

  3. #213
    Senior Member mlawson71's Avatar
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    AUD/USD found some resistance at 0.7200 but I think it will probably continue moving north and break out above that resistance. Next target may be around 0.7300.

  4. #214
    Senior Member mlawson71's Avatar
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    AUD/USD is testing the support at 0.7150 and I think it will continue moving to the downside. Next target is around 0.7100, I think.

  5. #215
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    NZD/USD is very bearish and it is at the support at 0.6690. I think it will likely continue moving south next week and it may reach 0.6600.

  6. #216
    Senior Member mlawson71's Avatar
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    EUR/AUD found some support at 1.5700 and bounced off from that level. I think it may rally towards 1.5800 and even above that resistance this week.

  7. #217
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    GBP/JPY is at the support at 145.00 and I think it will break out below that level. Next target is likely around 144.00.

  8. #218
    Senior Member mlawson71's Avatar
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    NZD/USD found some support at 0.6580 and after several spinning top candlesticks on the daily time-frame bounced off that level. Next target will probably be around 0.6700.

  9. #219
    Senior Member mlawson71's Avatar
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    GBP/USD is rallying and remains quite bullish. I think the pair will continue moving to the upside towards 1.3000 for now.

  10. #220
    Senior Member mlawson71's Avatar
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    USD/CAD found some resistance 1.3515 and formed a shooting star candlestick at that level on the daily time-frame. Next week the move to the downside will likely continue.

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