High Probability Market Forecast

pro4Xtrader

Active member
If we look at AUDUSD on Daily chart the cycle down has already begun on the 27th of March and should be ending on the 6th of May… hhh almost the same as GBPUSD. Good trading to all!
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pro4Xtrader

Active member
I think it is obvious that there is significant support at 54 level and significant resistance at 58. At this point with the double top on the lower timeframe WTI has all chances to correct back to 54, after witch we might see uptrend continuation.
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pro4Xtrader

Active member
NZDUSD entered the downtrend cycle that could last approximately 2 months. As a target I see 0.7270 area. As it currently holding the resistance, there could be a good entry point presented early next week.
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pro4Xtrader

Active member
EURAUD cold accelerate growth mainly due to the AUD weakness. Trend up could continue for another 2 week targeting 1.4130, that makes it approximately 250 pips higher than current price.
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pro4Xtrader

Active member
AUDCHF continues trade in the range with high probability of re-testing strong support at 0.74 area once again. When/if broken, it will open for more downside potential.
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pro4Xtrader

Active member
GBPUSD reached the upside target. It could face strong resistance at this level and there is potential for reversal down.
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davidwebbthegreat

Junior member
Hello I'm new to trading, could you please tell me what charting software you use thank you
 

pro4Xtrader

Active member
GBPCHF should have the final swing down before/if it reverses. Another 100pips up is quite likely in the very near future.
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pro4Xtrader

Active member
CADJPY did break below the rising channel that could be a confirmation of a long term downtrend. I think this scenario has the right to live and could be developing over the coming months. Besides, if you look at all JPY pairs, they all have some sort of signals of a downtrend… well for me at least.
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pro4Xtrader

Active member
GBPCHF broke out from the range that could push price much higher. Currently we can see a pullback to the previous resistance, and it could be a good spot to buy.
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pro4Xtrader

Active member
While GBPCHF formed a double bottom I’d expect now a correction up to 1.4230
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pro4Xtrader

Active member
For AUDUSD looks reasonable to retest 0.77 support area considering the break below the ascending channel. Lets see…
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pro4Xtrader

Active member
The downtrend channel was broken that should push price higher, although currently GBPUSD is at the resistance and first I’d expect a drop to 1.48
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pro4Xtrader

Active member
According to cycle analysis AUDCAD should start moving. Considering that it is now at the top the move is most likely will be down to re-test major support.
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pro4Xtrader

Active member
EURCAD rejected the downtrend trendline and now we could see a decline back to the middle on the channel. Cycle analysis supports the idea that EURCAD is at the local top.
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pro4Xtrader

Active member
While GBPCAD broke above downtrend trendline, furhter rise should follow. But perhaps its not the best time to enter long trade since it is still in rage trading mode where move downt to double top first is quite likely.
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