ForbesRatingN1

ForbesRatingN1 Updated 

Greetings, fellow traders! The past week proved to be just as volatile as the preceding one. After two weeks of trading, the bulls and bears seem to have reached a stalemate. The news from RBNZ initially caused the exchange rate to drop, but it subsequently rebounded by more than 2000 pips throughout last week. Following the breakthrough of the downward trend's...

ForbesRatingN1 Updated 

Hello, Successful Traders! $-) Our analysis of the situation shows that the market is locally overbought and the current upward momentum is losing steam. It seems that any upcoming downward movement will be relatively moderate in size, while a fresh surge of growth will surpass the peak reached on January 31st. Furthermore, time also points to the possibility of a...

ForbesRatingN1 Updated 

Hey, Traders! Our trading strategy showed a shift of initiative to the bulls. The upward movement is expected to exceed 0.6178 and break the key high of the downtrend, which has lasted since Dec 28, 2023. We closed the existing short positions and opened a buy trade for the entire equity limit.

ForbesRatingN1 Updated 

Hey there! Let's talk about the NZD/USD market and what to expect next. After a prolonged period of decline, the market has hit a plateau. Bulls, unfortunately, suffered a blow when the support level of 0.60841, which had been holding the uptrend, was broken. This flat phase we're experiencing shows all the signs of typical manipulation with highs and lows. Now,...

ForbesRatingN1 Updated 

Let's take a look at what happened in the NZD/USD market last week. There was some manipulation going on with the prices. We were actually expecting the market to rise due to some planned strategies by the buyers. However, we had a change of plans when the market rose without breaking the low of 0.60620 from January 23rd. This made us shift our perspective and...

ForbesRatingN1 Updated 

Hey there, folks! Missed us? Ready for some market action? ;-) After a two-week rally that kicked off in mid-December, followed by a corrective phase in the closing days of the past year, it's no surprise that the market has resumed its downward trajectory. Right now, our strategy unmistakably points to a downward impetus. That said, the prevailing trend remains...

ForbesRatingN1 Updated 

Hey, folks! We're witnessing some manipulation with the highs here! The upward momentum that started on October 26 broke through the high of October 23 at 0.60555. This high was the peak of the downtrend that persisted throughout this year. We were expecting a decline last week, but as it turns out, the bears were just hiding their intentions. Right now, the pair...

ForbesRatingN1

Last week, the market flexed its muscles and climbed above the level of 0.60555, shaking off the chains of the downtrend that has been holding it hostage since February 2, 2023. It's inching up above that level, but our trading strategy suggests that the ceiling is not too far away. While a temporary surge to 0.6137 or even 0.6155 wouldn't be too surprising, we're...

ForbesRatingN1 Updated 

In addition to closing the buying trade, our trading strategy signals an opportunity for a short sale. The trade is entered at 0.60676 with a target of 0.6000.

ForbesRatingN1 Updated 

The past trading week was marked by growth. The weekly candle was not as strong as the one before last, but still showed enough bullish strength. Friday was quite volatile, but ended on a bullish note, leaving the bears with only Thursday, which saw a decline compared to the previous growth. Our trading strategy points to further growth. The configuration of the...

ForbesRatingN1 Updated 

The NZD/USD pair has shown an upward reversal, so buying is preferred. Currently, our trading strategy indicates the need for a downward correction. The ideal scenario on November 06th would be a touch of the November 2nd high at 0.59171. On Monday, a small momentum-driven growth is possible, followed by a correction. In any case, after the completion of the...

ForbesRatingN1 Updated 

Previous forecasts have been achieved, prices have dropped below 0.5859. A price pivot zone near 0.5810, which appeared a year ago, has been reached. We believe it is possible to begin cautious purchases (high risk). Our trading strategy indicates that an upward reversal will occur when levels around 0.5930 are reached on Monday-Tuesday of the upcoming week....

ForbesRatingN1

The movement has become more complex, but the overall market picture continues to align with our expectations. After a considerable upward momentum, there was a swift decline. Our trading strategy signals and confirms of the downward impulse completion, suggesting a possible, albeit relatively deep (we do not exclude a rise even up to 0.6000), short-term...

ForbesRatingN1 Updated 

Since the end of August until now, we have seen multiple breakouts of both highs and lows, but the market has yet to establish a clear direction. We believe that there is intentional stop-loss hunting and positioning for a subsequent upward move. The positioning is not yet complete. Therefore, we expect a new downward wave. According to our strategy, the first...

ForbesRatingN1 Updated 

The GBP/USD, bounced from the low of 1.21552, reached a significant level around 1.26400. There is a rising wedge pattern, accompanied by a divergence of the MACD indicator is observed on the H4 chart. Our trading strategy indicators also show "weariness" of buyers. We expect the GBP to fall in the next few days and the working out of the wedge figure. How to...

ForbesRatingN1 Updated 

The Bitcoin exchange rate (BTCUSDT) is at the lower limit of the long-term horizontal range, which took shape after reaching a minimum of 26700 on 12.05.2022. On the H4 chart, the consolidation figure after the downward impulse is most clearly visible. The figure resembles a triangle, which from the point of view of classical technical analysis is a continuation...

ForbesRatingN1 Updated 

The kiwi-dollar has lost more than 10% against the US dollar since April 5 and looks very oversold. Classic technical analysis indicators show multiple divergences on the H1-H4 charts. Our trading strategy indicators also gave signals about the weakening of the downtrend movement and a high probability of NZDs bounce. Based on the available data, we expect a...

ForbesRatingN1 Updated 

The USD/JPY has shown impressive gains since March last year. This led to the fact, that on M15-D charts, the pair became very overbought. Long term, we expect the pair will refresh 2015 high of around 126,000 over the next few years. However, the current picture on the H1-H4 charts, supported by bearish divergences, requires a retracement from the local March...