Euro RiseWassup Traders, Euro and dollar pair are still in the triangle consolidation. I saw this week, Euro Dipped and tested the consolidation line. Price has set a new low, then it broke the DownTrend line and started a new trend to the upside. I am thinking of going long this coming week, what do you guys think?
Eurdollar
How to identify global trendHello Traders!
To find out if price is in bullish or bearish global trend a half year ACD should be applied.
Only half yearly Initial Balance can do this.
Conditions:
If weekly price stays primarily BELOW HALF YEARLY OPENING RANGE (INITIAL BALANCE - IB ) AND in-between IB and lower A-PIVOT = BEAR MARKET
If weekly price stays primarily ABOVE HALF YEARLY OPENING RANGE (INITIAL BALANCE - IB ) AND in-between IB and upper A-PIOVOT = BULL MARKET
If price moves into the opposite zone and manages to stay (!) there for a few weeks (time factor, spike is not enough) then a trend change is on the way in the next half year.
As you can see EURUSD´s macro trend is BEARISH and we already broke half yearly A-PIVOT.
Fisher describes Opening Range ( IB ) as FULCRUM. It holds the market. Without it things collapse.
And as you see Half Yearly A-PIVOT breakouts are MASSIVE! One can not detect those by applying yearly opening ranges.
Also here, you can often observe similar loop post-breakout patterns as with yearly A breakouts.
I hope this technique will save you from many loosing trades! God bless!
GOOD LUCK!
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.0975.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.106.
TP4: R2=1.1105.
Set the stoploss of these orders at breakout of S2=1.095.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.095.
In this situation, there is an expectation to reach the target S3=1.0855.
Set the stoploss of reverse orders at breakout of S1=1.0975.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
EURUSD Intraday ForecastAs we forecast Düşüş trend for this day, so Forecast City suggests sell (limit) below R1=1.1065.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.101.
TP4: S2=1.098.
Set the stoploss of these orders at breakout of R2=1.1075.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.1075.
In this situation, there is an expectation to reach the target R3=1.114.
Set the stoploss of reverse orders at breakout of R1=1.1065.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.109.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.114.
TP4: R2=1.116.
Set the stoploss of these orders at breakout of S2=1.108.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.108.
In this situation, there is an expectation to reach the target S3=1.1015.
Set the stoploss of reverse orders at breakout of S1=1.109.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Don't miss the great buy opportunity in EURUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.1000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 67.
Take Profits:
TP1= @ 1.1070
TP2= @ 1.1108
TP3= @ 1.11900
SL= Break below S2
There is a possibility for the beginning of an uptrend in EURUSDMidterm forecast:
While the price is above the support 1.1000, beginning of uptrend is expected.
We make sure when the resistance at 1.1450 breaks.
If the support at 1.1000 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
. While the RSI resistance #2 at 52 is not broken, the probability of price increase would be too low.
. The RSI is at 54.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (1.1175 to 1.1100). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (1.1175)
Ending of entry zone (1.1100)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 1.12650
TP2= @ 1.13450
TP3= @ 1.14500
TP4= @ 1.15700
TP5= @ 1.17250
TP6= @ 1.18650
TP7= @ 1.20300
TP8= @ 1.22300
TP9= @ 1.25550
TP10= Free
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.116.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.122.
TP4: R2=1.125.
Set the stoploss of these orders at breakout of S2=1.1135.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.1135.
In this situation, there is an expectation to reach the target S3=1.1055.
Set the stoploss of reverse orders at breakout of S1=1.116.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.123.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.1275.
TP4: R2=1.1305.
Set the stoploss of these orders at breakout of S2=1.121.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.121.
In this situation, there is an expectation to reach the target S3=1.1135.
Set the stoploss of reverse orders at breakout of S1=1.123.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.123.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.1275.
TP4: R2=1.1305.
Set the stoploss of these orders at breakout of S2=1.121.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.121.
In this situation, there is an expectation to reach the target S3=1.1135.
Set the stoploss of reverse orders at breakout of S1=1.123.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1265.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.1315.
TP4: R2=1.1345.
Set the stoploss of these orders at breakout of S2=1.125.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.125.
In this situation, there is an expectation to reach the target S3=1.118.
Set the stoploss of reverse orders at breakout of S1=1.1265.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Don't miss the great buy opportunity in EURUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.1255). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 72.
Take Profits:
TP1= @ 1.1325
TP2= @ 1.1420
TP3= @ 1.1510
SL= @ 1.1200
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.116.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.12.
TP4: R2=1.1225.
Set the stoploss of these orders at breakout of S2=1.114.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.114.
In this situation, there is an expectation to reach the target S3=1.1065.
Set the stoploss of reverse orders at breakout of S1=1.116.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.116.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.12.
TP4: R2=1.1225.
Set the stoploss of these orders at breakout of S2=1.114.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.114.
In this situation, there is an expectation to reach the target S3=1.1065.
Set the stoploss of reverse orders at breakout of S1=1.116.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1205.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.125.
TP4: R2=1.1265.
Set the stoploss of these orders at breakout of S2=1.1185.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.1185.
In this situation, there is an expectation to reach the target S3=1.111.
Set the stoploss of reverse orders at breakout of S1=1.1205.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1205.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.125.
TP4: R2=1.1265.
Set the stoploss of these orders at breakout of S2=1.1185.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.1185.
In this situation, there is an expectation to reach the target S3=1.111.
Set the stoploss of reverse orders at breakout of S1=1.1205.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.118.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.122.
TP4: R2=1.126.
Set the stoploss of these orders at breakout of S2=1.117.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.117.
In this situation, there is an expectation to reach the target S3=1.1105.
Set the stoploss of reverse orders at breakout of S1=1.118.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!