*Signals updated before monday morning every week :)
My analysis for this week:
1)SIDEWAY, This pair is no longer in uptrend. But from my view, it can reach 1.5768 or 1.5785 max.
If it gets momentum to 1.5665, that means bearish trend occurs.
1)DOWNTREND. Yup u heard that. Last week this pair failed to reach 1.1235 and suddenly closing price around 200ema line. Looks like this pair waiting for fundamental news to give new impact either up or down.
But as we can see this pair trying to break 200ema line a few times recently, from my experience it will break the line for sure. If successful, next target is 1.1050.
By the way, on the other side, hitting 1.1330 suggests uptrend is not end yet. Next target after that is 1.14.
1)DOWNTREND, Breaking 137.65 and next target is 137.50. Or buystop at 139.40 and target profit at 139.50.
Longterm target is 135.15
Signals above according to IKOFX graph.
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