At present, NZDUSD following a price channel pattern strategy. In the above chart, it has created three major parallel channels A , B , & C .
Pay attention to the parallel channel C. It is creating a new downtrend for a short period. Now, the New Zealand Dollar / U.S. Dollar can fall to the following levels:
Target Price 1: 0.67100
Target Price 2:...
The gold spot made a symmetrical triangle and broke upward. And it was following the downtrend line channel from the beginning of September. As you can see, the breakout candle has closed above.
I have drawn a dynamic parallel trendline to find out the last point of the rally. Long-term investors, please keep their eyes on A, B, C, D, E, F, and G. Wherein F & G...
As per the support & resistance trendline, EURUSD is moving slightly upside.
The last candle is running at the control price. Its a pullback here. Now pay attention to the support trendline B . If it breaks down, there will be a fall up to the support trendline A .
It means it's a boom.
As I explained, It may fall for 1.18260-1.18000 levels below.
Put your eyes on the support level trendline ( ST ) and dynamic resistance ( DR ) first, USD/CHF is creating a symmetrical triangle. It's also changing trend by hitting at ST or DR . At present, it's at ST.
By that means, it will touch T1 ( 0.9120 ), T2 ( 0.9160 ), and T3 ( 0.9180 ) soon.
And yes, don't forget to notice the rejection zone , tail , and...
According to this chart, NZD/USD is trying to move forward. We may see a reversal from the control price and that could fly for T1 ( 0.6575 ) & T2 ( 0.6615 ). In the previous week, it has dropped -0.87% . Hence, keep your eyes on level of 0.6526 . This level breakdown indicates a strong sell signal. Later on, the NZD/USD journey starts for support level...
Short positions below 0.7170 with targets at 0.7145 & 0.7115 in extension.
The crossover of hurdle (0.7190) lines means a short uptrend. Hence, don't initiate a position before confirmation crossover.
Hurdle Breakout(0.7190): 0.7214 - 0.7240 .
According to this chart, EUR/USD will keep moving upside. S-RSI crossover is confirming that. We may see the following levels soon: 1.1865 - 1.1915.
Keep your eyes peeled at the hurdle (1.1695) .
Breakdown of hurdle: 1.1640 - 1.1600 .
I don't recommend selling the EUR/USD until the breakout of my hurdle.
According to this chart, Australian Dollar / U.S. Dollar will keep moving upside . S-RSI crossover is confirming that. We may see the following levels soon: 0.7178 - 0.7199 - 0.7220
Keep your eyes peeled at the key level.
Breakdown of key level: 0.7120 - 0.7100 below
I don't recommend selling the AUD/USD until the breakout of my key level.
According to this chart, USDCHF is an uptrend for a short period. As mentioned above, we will see T1 and T2 soon. Beware to strong support trendline. It has tested twice! We are currently seeing buying pressure because of speculators and volatility.
If breakout the support level:
It will hit 0.87760 (T1) - 0.85600 (T2) to 0.83541 (2015 January's Low Price).
Short positions initiate at the hurdle line with targets at 1.1720 & 1.1695 in extension.
According to the chart, the breakout of hurdle lines means a short downtrend. Hence, don't initiate a position before confirmation of breakdown. And don't buy/sell in that mid area.
USDJPY prices are falling since the mid-2015 year. In the 2020 year, it has made a low price of $101.180 . Are you still expecting up moves for the short-term? Then wait for the breakout of USDJPY-Bull Resistance .
According to my Parallel Channel (B), short positions in the range of $106 to $106.5 or below with targets at $105 - $104.5 - $104.260 in...
EURAUD price begins to accelerate higher faster than other currencies from the control price (CP). It can hit 1.63500 - 1.64060 after crossing the CP level.
This hurdle is a game-changer. It could explode downward and prices may fall 1.61850 to 1.61360 levels.
The above information is sufficient for a smart trader to start minting money.
As per this chart, the trend continuation will drag up for 9.94600 - 0.95000 levels.
Keep your eyes on the support trendline, USDCHF has broken it. If it's not fake-out, 0.92360 - 0.91800 target levels.
On #EURUSD 1-hour chart; curve T3 turned negative and it is likely that SAR also will turn to negative.. We see a bearish engulfing candlestick pattern, furthermore there is a bearish divergence on Rsi .. Within the framework from all these bearish signals, I firmly believe that the price will go down.. I expect a structure as I mentioned in the chart.. We will...