Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 152.80 would begin in Midterm.
Price may also reach 152.80, if price reaches this level, we may enter by Daily-Trading-Opportunities, this entry is not according to our Strategy, and depends on personal strategies.
Trading suggestion:
There is possibility of temporary retracement to suggested Sell Zone (147.75 to 150.15), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (147.75)
. Ending of entry zone (150.15)
Technical analysis:
A peak is formed in daily chart at 150.95 on 02/21/2018, so more losses to support(s) 144.45, 142.20, 139.30 and more depths is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index ( RSI ) is 35.
Take Profits:
145.95
144.45
142.20
139.30
136.90
132.30
129.60
125.50
116.80
There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 152.80 would begin in Midterm.
Price may also reach 152.80, if price reaches this level, we may enter by Daily-Trading-Opportunities, this entry is not according to our Strategy, and depends on personal strategies.
Trading suggestion:
There is possibility of temporary retracement to suggested Sell Zone (147.75 to 150.15), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (147.75)
. Ending of entry zone (150.15)
Technical analysis:
A peak is formed in daily chart at 150.95 on 02/21/2018, so more losses to support(s) 144.45, 142.20, 139.30 and more depths is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index ( RSI ) is 35.
Take Profits:
145.95
144.45
142.20
139.30
136.90
132.30
129.60
125.50
116.80
HighAccurate forecast for
🌟36 Forex Pairs:1.010.346 pips track record profit
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🌟36 Forex Pairs:1.010.346 pips track record profit
🌟175 Cryptos
🌟Gold,Silver,Oils,Gas
🌟Best Profitable Trading Strategies
in 9 languages
since 2007
www.ForecastCity.com
🌟FREE Telegram
t.me/forecastcity_com