We have been bullish on the USD for some time now.
We've seen a break of our ascending channel and key level in the market in the latest bearish 4HR.
Right now we're seeing some rejection of 1.38.
Be careful trading this market today with NFP figures out!
After a uniform growth from November to December 2020, the price changed the trend.
Since the beginning of the year, it has been moving in a downtrend.
And since the beginning of March, the price has been falling steadily.
the reason for the fall is the strong resistance level of 1.206.
+ resistance line of December 2020.
During the fall, the price came to support...
Since August last year, the price has been falling in a falling channel.
A resistance line has also formed in the channel.
In the area of this line, the price often corrects.
This week the Gold collapsed.
The price fell to the lower channel line (support) 1684.79.
This strong line has stopped the price since August.
I expect a rise to resistance.
The target is...
#NZDUSD
First, at the end of February, the price broke through the resistance line at 0.730, and after returning to the trend, it collapsed and now made a false breakdown of the support line at 0.719. This line has been in use since June 2020.
The price has already tried to break through it, but it still returned to the trend. Therefore, now I expect that first...
Gold price is still in the support zone 1698.61. Let me remind you that it came to this zone after it fell from the resistance zone of 1817.90 last month. And so far the price has not been able to recover in positions. Nevertheless, I patiently await growth.
The price is in a strong support zone, which is formed by two strong lines. One of them is August 2020,...
Despite the strong support line, yesterday the price collapsed to a large volume. Therefore, I have to adjust my forecast. However, despite the price drop, I still expect its new growth in the near future.
The main reason for expecting growth is a rather strong support initiation, in the area of which the price is now....
So we were right about the crash down to 372/3720. Targets were reached.
Now it is very possible to have a strong move higher AGAIN back into the highs. The timeframe for this could be a day, the weekend and even monday. Hard to say right now. I took a starter position at the lows.
Lets see how we play out tommorow (fri).
Last Major analysis was violated and gold smashed past solid support @ 1764. As you can see here, price is approaching the bottom of a year-strong parallel channel which also aligns with a key support area (1670-80). Will be looking for buys at 1665-70 area. I'm suspecting that price will rise slightly throughout the night, where it could collapse around NFP time...
Trading suggestion:
There is a possibility of temporary retracement to the suggested support line (1678). If so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
XAUUSD is in a downtrend, and the continuation of the downtrend is expected. as you see XAUUSD is in the bearish daily channel and as long as it...
EURUSD AS FORECASTED ON MY TRADINGVIEW WALL. EU Ended up filling the criteria for one of my entries types after a slow long wait tonight.
We finally had a nice sweep and series of mitigations to place a limit entry at the very back of my point of interest (the best place to get the entry).
As you can see when you get it right you can have pin point accuracy and...
Expectations are a rise.
Instructions - if trade flat or has not moved in the next 24 hours, take small loss or small profit.
Trade with caution, this is not financial advice.
Entry: Market
SL: 1.39630
TP: 1.41484
