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Forecasting

This is a discussion on Forecasting within the General Discussion forums, part of the Trading Forum category; EUR/USD dropped to 1.0900 and it may be time for a small correction but the pair remains bearish for now....

      
   
  1. #451
    Senior Member mlawson71's Avatar
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    EUR/USD dropped to 1.0900 and it may be time for a small correction but the pair remains bearish for now.

  2. #452
    Senior Member mlawson71's Avatar
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    EUR/USD is consolidating around 1.0900 for now, which is normal after such a major drop. Let's see whether the depreciation will continue.

  3. #453
    Senior Member mlawson71's Avatar
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    The move south continues to develop, EUR/USD fell to 1.0850. For now it remains bearish but I think that we have to see a correction sooner or later before it continues depreciating.

  4. #454
    Senior Member mlawson71's Avatar
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    It dropped to 1.0825 and is consolidating there but I think that it may keep falling to 1.0800 before a correction begins.
    Last edited by mlawson71; 02-14-2020 at 01:19 PM.

  5. #455
    Senior Member mlawson71's Avatar
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    EUR/USD did not break out below 1.0830 when the market closed and next week the correction may finally begin.

  6. #456
    Senior Member mql5's Avatar
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    WmiFor 3.5 for MT5 (with DTW engine)

    WmiFor 3.5 for MT5 (with DTW engine) - indicator for MetaTrader 5

    Forecasting-eurusddailywmifor3.png


    This indicator predicts possible future price movements by searching for similar candle patterns in the rate history.
    This is an adaptation of original indicator WmiFor 3.0 (with dynamic time warping engine, DTW) for MetaTrader 4 .


    Please, find all details about main principles of operation, settings, and trading strategies on the page of the original indicator (for that indicator only Russian version is available so far, please use built-in translation facilities to read in other languages).
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    Trading blogs || My blog

  7. #457
    Senior Member mlawson71's Avatar
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    USD/CAD continues depreciating an the pair is testing the support at 1.3230. I think it may soon break out below that level.

  8. #458
    Senior Member mlawson71's Avatar
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    EUR/USD remains bearish for now and I think and by the looks of it the pair may break out below 1.0800 soon. Let's see when the correction will begin.

  9. #459
    Senior Member mlawson71's Avatar
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    EUR/USD remains very bearish and it broke out below 1.0800. Next target may even be at 1.0750.

  10. #460
    Senior Member mlawson71's Avatar
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    EUR/USD found some support at1.0790 but for the moment there is no signal for a correction, if anything it is attempting to break out below that level as well.

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