Trading Ideas

The short term EURAUD price forecast is bullish. The EURAUD price is retracing up after testing the support of a flag chart pattern. Most likely the price will continue rising toward the Fibonacci 21.6 level while there is a likelihood it may reverse and start declining to retest the support again.

The GBPNZD price forecast is bearish. The GBPNZD price is testing the support of a descending triangle chart pattern above the 200-period moving average MA(200). Most likely the price will breach below the support and continue falling after it breaches below the MA(200) while there is a likelihood it may fail to breach below support and start rising as it reverses up.

The medium term Tesla stock price forecast is bullish. The TSLA stock price is rising after breaching above the 200-period moving average MA(200), Fibonacci 61.8 level and resistance of a  symmetric triangle chart pattern. Most likely the price will continue advancing while there is a likelihood it may reverse and start declining to test again MA(200) and Fibonacci 61.8 level.

The NATGAS price forecast is bullish. The NATGAS price is retracing up after testing the support of a flag chart pattern. Most likely the price will continue rising after the test of the support as it tests the Fibonacci 61.8 level. It will likely continue rising after breaching above the Fibonacci 61.8 while there is a likelihood it may reverse and start declining toward the support again if it...

The medium term Deutsche Telekom AG stock price forecast is bullish. The #D-DTE price  has breached above the resistance of a   rectangle 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 start declining.

The short term USDMXN price forecast is bearish. The USDMXN price is breaching below the support of a descending triangle chart pattern under 200-period moving average MA(200). Most likely the price will continue falling as it breaches below Fibonacci 61.8 support level while there is a likelihood it may fail to breach below Fibonacci 61.8 and reverse and start rising.

The medium term PepsiCo stock price forecast is bullish. The   #S-PEP price is testing Fibonacci 38.2 level after breaching a  resistance . Most likely the price will continue rising and breach above Fibonacci 38.2 and climb to test the 200-period moving average MA(200), while there is a likelihood it may fail to breach above Fibonacci 38.2 rising and reverse to test Fibonacci 23.6 level.

The medium term ORANGE price forecast is bearish. The ORANGE price is retracing down after testing the resistance of flag chart pattern. Most likely the price will continue falling to test the support of the flag pattern while there is a likelihood it may continue reverse and start rising to test the resistance again.

The medium term Boeing stock price forecast is bearish. The   #S-BA price is testing the resistance of a  flag chart pattern. Most likely the price will reverse and start retreating below the resistance toward the 200-period moving average MA(200) while there is a likelihood it may continue rising and breach above the resistance of the flag pattern.

The medium term Qualcomm stock price forecast is bearish. The   #S-QCOM price has beached above the resistance of a   rectangle chart pattern. Most likely the price will return below the resistance and decline to test the 200-period moving average MA(200) while there is a likelihood it may continue rising.