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Image 1: Monthly chartConcern about long-term trend for following 2 months, EUR/USD can't breakout the downtrend line easily. it will be in triangle trading range.Image 2: weekly chart The blue line:21SMMA ,shifted 7 units, from 6/16-8/1,it will take 7 weeks. The data of 7-weeks-ending is 1.3045For following 7 weeks,EUR/USD need to re-test the support of 21SMMA.So My forecast of EUR/USD on 1st,Aug will be 1.3065.(1.3045+20pips) The price touch 21SMMA,will have a tiny re-bounce.Best regardsAcp888…
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USD/CHF forecast-0.9885 on 1st,July
Image 1: weekly chart the key resistance is 0.9902-1.0029. The uptrend line shows USD/CHF will be bullish for next a few weeks.Image 2: monthly chart The blue line: SMA 55,and I shifted 2 positions(for forecast July price,it is just 2 from Month of May to July ) We can review the history,the price will be resisted by SMA 55 at Elliptical area.The Red line is resistance of 0.9945, is consistent with weekly chart.From May vertical line crossed with SMA 55,we can get the cross-point:0.9905So my fo…