About 4CastMachine AI
All these Technical Analysis and Trading Ideas generated by 4CastMachine AI.
4CastMachine AI has drawn the most probable future price paths on the price chart.
These routes are seen with light green arrows.
The price paths shown will help you make better trading decisions.
All the charts that are published in various social networks are only examples of the analytical and forecasting capabilities of this software.
This software performs more than 100,000 daily analyzes and predictions.
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Midterm forecast (Daily TF):
- 1.0777 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
- A peak is formed in daily chart at 1.0629 on 12/06/2024, so more losses to support(s) 1.0332, 1.0206, 1.0002 and more depths is expected.
Trading suggestion:
There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (1.0669 to 1.0777). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (1.0669)
Ending of entry zone (1.0777)
Take Profits:
- 1.0600
- 1.0517
- 1.0445
- 1.0332
- 1.0206
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ForecastCity Support Team
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