ट्रेडिंग आइडिया

The medium term COPPER price forecast is bullish. The COPPER price has broken out of a flag chart pattern above the 200-day moving average MA(200). Most likely the price will continue rising while there is a likelihood it may reverse and start falling to test the resistance of the flag chart pattern.

The medium term NZDCHF price forecast is bullish. The NZDCHF price is testing a support and Fibonacci 38.2 level above the 200-period moving average MA(200). Most likely the price will reflect off the support and start rising while there is a likelihood it may breach below support and Fibonacci 38.2 level and continue declining.

The medium term USDSEK price forecast is bullish. The USDSEK price is testing a support under the 200-period moving average MA(200). Most likely the price will breach above the Fibonacci 23.6 level and rise while there is a likelihood it may decline to test the support again.

The medium term EURGBP price forecast is bullish. The EURGBP price is testing a support under the 200-period moving average MA(200). Most likely the price will reflect off the support and rise to test the MA(200) while there is a likelihood it may beach below the support and decline.

The medium term GBPJPY price forecast is bearish. The GBPJPY price is testing Fibonacci 50 level after starting to decline following the formation of a double top chart pattern above the 200-period moving average MA(200). Most likely the price will breach below Fibonacci 50 and continue falling while there is a likelihood it may reverse and return back above MA(200) to test Fibonacci 38.2 level.

The medium term USDHKD price forecast is bullish. The USDHKD price is testing a support and Fibonacci 61.8 level above the 200-period moving average MA(200). Most likely the price will bounce off the support and rise while there is a likelihood it may beach below the support and decline to test the MA(200).

The medium term Lean Hog price forecast is bearish. The LHOG price is testing the resistance of flag chart pattern above the 200-day moving average MA(200) after breaching above Fibonacci 61.8 level. Most likely the price will reflect off the resistance and fall while there is a likelihood it may breach above the resistance and continue rising.

The medium term NZDCAD price forecast is bullish. The NZDCAD price is retracing up after testing a support above the 200-period moving average MA(200). Most likely the price will continue rising to test Fibonacci 38.2 level while there is a likelihood it may reverse and start declining to retest the support again.

The medium term BRENT price forecast is bullish. The BRENT price has broken out of a flag chart pattern above the 200-period moving average MA(200). Most likely the price will continue rising while there is a likelihood it may reverse and return back into the channel of the flag pattern.

The medium term GBPCAD price forecast is bearish. The GBPCAD price is testing a resistance above the 200-day moving average MA(200). Most likely the price will reflect off the resistance and decline toward MA(200) while there is a likelihood it may breach above the resistance and continue rising.