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Forecasts and signals from trader ForexNinja

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EURUSD - Forex technical analysis of the EUR/USD currency pair on August 9
EUR/USD, currency, EURUSD - Forex technical analysis of the EUR/USD currency pair on August 9 At trading in Asia on Tuesday, the EUR/USD currency pair is trading with a slight decrease in quotations, remaining within the support level around 1.0155 with a resistance level around 1.0250. The four-hour chart is developing slightly above the exponential moving averages, demonstrating the weak bullish potential of this market in the short term.Moving averages with a period of 21 and 55 days have slowed down and are developing sideways, reducing the divergence to a minimum, which indicates the neutral potential of the current market trend in the short term.The technical picture also indicates the equal potential of the opposing sides, since the MACD histogram entered the area at the level of its central line, and the strength indicator of the current RSI movement returned to the area of the 50 line, confirming the neutrality of this market in the short term.Thus, we intend to stay out of this market today and wait for certain signals to appear for making investment decisions.
Aug 09, 2022 Read
GBPUSD - Forex technical analysis of the GBP/USD currency pair on August 9
GBP/USD, currency, GBPUSD - Forex technical analysis of the GBP/USD currency pair on August 9 With the opening of trading in Asia on Tuesday, this currency pair is trading with a decrease in quotations, remaining within the current support level at 1.2036 and the resistance level at 1.2178, where the market chart progresses below the exponential moving averages with a period of 21 and 55 days, demonstrating the development of the downward trend of this market in the short term.On the four-hour chart, the moving averages turned down and formed a sell signal, increasing the discrepancy, which indicates in favor of the bearish scenario of this market in the short term.The technical picture also demonstrates the sellers' advantage, since the MACD histogram remains in the area just below its central line, and the strength indicator of the current RSI movement progresses near the 40 line, confirming the bearish mood of this market in the short term.Thus, we intend to sell this trading instrument within the framework of intraday trading today.
Aug 09, 2022 Read
USDJPY - Forex technical analysis of the USD/JPY currency pair on August 9
USD/JPY, currency, USDJPY - Forex technical analysis of the USD/JPY currency pair on August 9 During the Asian trading session on Tuesday, the USD/JPY currency pair is trading with an increase in quotations, remaining within the current support level at 134.32 and the resistance level around 135.47.Moving averages with a period of 21 and 55 days have turned up and are ready to form a buy signal, reducing the discrepancy to a minimum. The four-hour chart is progressing in the area above exponential moving averages, which indicates the emergence of an upward potential of this market in the short term.The technical picture also demonstrates the strengthening of the purchasing potential - the MACD histogram remains in the area above its central line, and the strength indicator of the current RSI movement has risen to the area of the 60 line, indicating the strengthening of the uptrend of this market in the short term.Thus, we intend to buy this trading instrument today.
Aug 09, 2022 Read
USDCHF - Forex technical analysis of the USD/CHF currency pair on August 9
USD/CHF, currency, USDCHF - Forex technical analysis of the USD/CHF currency pair on August 9 At trading in Asia on Tuesday, this currency pair is trading with a slight decrease in quotations, remaining within the current support level at 0.9547 and the resistance level around 0.9652.On the four-hour chart, the moving averages with a period of 21 and 55 continue to move down, gradually increasing the divergence, which speaks in favor of the development of a downward trend in this market. The four-hour chart of quotations progresses below exponential moving averages, which is evidence of the bearish potential of this market in the short term.The technical picture also demonstrates the sellers' advantage, as the MACD histogram moves to the area just below its central line, and the strength indicator of the current RSI movement remains below the 50 line, which confirms the bearish potential of this market in the short term.Thus, we intend to sell this trading instrument today.
Aug 09, 2022 Read
EURUSD - Forex technical analysis of the EUR/USD currency pair on August 5
EUR/USD, currency, EURUSD - Forex technical analysis of the EUR/USD currency pair on August 5 At trading in Asia on Friday, the EUR/USD currency pair is trading with a slight decrease in quotations, remaining within the support level around 1.0122 with a resistance level around 1.0239. The four-hour chart is developing above exponential moving averages, demonstrating the bullish potential of the current market trend in the short term.The moving averages with a period of 21 and 55 days turned up, accelerated slightly, gave a buy signal and are growing, increasing the divergence, which indicates a small bullish potential of this market in the short term.The technical picture also testifies in favor of the bulls, since the MACD histogram entered the area above its central line, and the strength indicator of the current RSI movement rose to the area of the 60 line, confirming the upward potential of this market in the short term.Thus, we intend to buy this trading instrument today.
Aug 05, 2022 Read
GBPUSD - Forex technical analysis of the GBP/USD currency pair on August 5
GBP/USD, currency, GBPUSD - Forex technical analysis of the GBP/USD currency pair on August 5 With the opening of trading in Asia on Friday, this currency pair is trading with a decrease in quotations, remaining within the current support level at 1.2105 and the resistance level at 1.2199, where the market chart progresses slightly below the exponential moving averages with a period of 21 and 55 days, demonstrating the development of the upward trend of this market in the short term.On the four-hour chart, the moving averages continue to move down, maintaining the divergence, which indicates in favor of maintaining the bearish scenario of this market in the short term.The technical picture also demonstrates the sellers' advantage, since the MACD histogram remains in the area just below its central line, and the strength indicator of the current RSI movement progresses below the 50 line, confirming the bearish mood of this market in the short term.Thus, we intend to sell this trading instrument within the framework of intraday trading today.
Aug 05, 2022 Read
USDJPY - Forex technical analysis for the USD/JPY currency pair on August 5
USD/JPY, currency, USDJPY - Forex technical analysis for the USD/JPY currency pair on August 5 During the Asian trading session on Friday, the USD/JPY currency pair is trading with a decrease in quotations, remaining within the current support level at 132.99 and the resistance level around 134.67.Moving averages with a period of 21 and 55 days continue to move down, slowing down and reducing the discrepancy. The four-hour chart is still progressing in the area just below the exponential moving averages, which indicates the remaining, bearish potential of this market.The technical picture demonstrates the strengthening of sellers' potential - the MACD histogram remains in the area below its central line, and the strength indicator of the current RSI movement has dropped to the area below the 30 line, indicating that this trading instrument is oversold and the downtrend of this market is preserved in the short term.Thus, we intend to sell this trading instrument today.
Aug 05, 2022 Read
USDCHF - Forex technical analysis for the USD/CHF currency pair on August 5
USD/CHF, currency, USDCHF - Forex technical analysis for the USD/CHF currency pair on August 5 At trading in Asia on Friday, this currency pair is trading with a slight decrease in quotations, remaining within the current support level at 0.9540 and the resistance level around 0.9656.On the four-hour chart, the moving averages with a period of 21 and 55 continue to move down, but have slowed down, maintaining the divergence, which speaks in favor of weakening the downtrend in this market. The four-hour quotation chart progresses slightly below the exponential moving averages, which is evidence of the bearish potential of this market in the short term.The technical picture also demonstrates the sellers' advantage, as the MACD histogram moves to the area just below its central line, and the strength indicator of the current RSI movement remains near the 50 line, which confirms the neutral potential of this market in the short term.Thus, we intend to stay out of this market for now.
Aug 05, 2022 Read
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