The instrument is in an upward price channel .
Ahead of the trend is strong resistance - the February price peak 1.4242, followed by the historical target - 1.4375, which the currency pair should reach in the near future.
Now we expect the end of the correction and a rebound from the support of the price channel to 1.4242, a breakdown and growth to the...
The growing trend within the growing channel remains relevant.
We have clear boundaries of the price channel , the instrument respects them.
At the moment, there is a small correction from 1.2218 to the upward support, which intersects at 1.2177 with strong historical support.
I expect the instrument to consolidate at the support level at about 1.2177...
5 minutes until we close on the H4 candle, solid price rejection candle, but most of this has changed within the last H1 period. So we are seemingly still in an hourly downtrend (also at descending resistance).
So cautious of this as we may be able to utilise a better entry and greater RR potential.
Gold is confidently moving upwards, having previously broken through the resistance of the ascending channel .
The distribution is only getting stronger.
But, ahead of the not unimportant resistance level 1927.85, at which one should expect a reaction,
I think there will be a correction to the channel border.
And the instrument should be continued after the...
Last week, my forecast showed growth - and so it happened. Now I expect a slight correction towards the lower support line (the lower level of the channel). Then - growth.
At the beginning of the second half of May, the instrument broke up the strong resistance 1.2177 and began to consolidate above this level.
Since the trend is upward, the price follows a growing channel, purchases are relevant at the moment.
At the end of last week, the currency pair made a false breakdown of 1.2177 and the week closed above the...
The instrument is in the ascending channel . The trend is growing. A triangle-like pattern is forming between strong resistance 1.4226 and the support of the ascending channel . We have a clear resistance at 1.4226 and ascending local minimums. I expect the currency pair to update the nearest tops and, after the breakdown of the level 1.4226, the...
At the end of last week, the instrument consolidated at the lower border of the ascending channel ,
at the strong support of 1.2172, having made a false breakout and presumably headed up.
I expect the movement to continue until the January peak - 1.2347
The price returned to the lower part of the channel, failed to break through the strong resistance line.
Therefore, at the moment I expect them to go down - to the lower level of the channel.
In general, in such an unstable situation with my strategy, I advise you to wait a little.
In early May, the price broke through the 1.400 support zone.
Thus, she left the growing channel. After fixing at the 1.403 support, the price continued to rise. It broke through the 1.409 support level. And it came to the resistance level 1.418. I expect a fall from this point.
The target is 1.409.
At the end of April, the price bounced off the support zone at 149.44. In this zone, the level and the line of October 2019 intersect. The price rose to the resistance (channel border) 155.39 and I expect a fall to support.
The target is 149.86.
The price approached the resistance line of February 2020.
She has touched her twice in the past month.
At points 1.214 and 1.218.
I expect to touch the resistance at 1.219 and fall.
The target is 1.185.
11 / 13 last EURUSD forecasts come TRUE
#EURUSD expect the price to fall in several stages:
1 - third correction to resistance (Feb 2020) 1.222
2 - reversal, fall and correction
3 - fall to the support trend line in March 2020.
The target is 1.190.
🔔 11 / 13 last EURUSD forecasts come TRUE
The price broke through the support at 1790.57, thus leaving the falling channel.
She continued to grow in a small growing channel.
It touched the resistance of 1844.72 and began to fall.
Before reaching the support line, the price began to rise again.
I expect a return to resistance.
The target is 1868.70.
GBPUSD 10 05 2021
At the beginning of this week, the price broke through the October 2019 support line at 1.399 and continued to grow out of trend. She has already made a small rollback - a correction to growth, but I expect that this rollback will not be the only one. I expect that the price will continue to rise and, taking into account the corrections, will...
After the start of movement on Monday, the price continues to fall from the resistance of 1.213.
I expect the fall to continue.
1 - resistance line of February 2020
2 - recent breakdown of the 1.198 support line.
3 - rebound from resistance 1.213 and working out correction (an essential element of almost any movement).
The target is 1.186.
🔔 11 / 13 last...
EURJPY 04 05 2021
In April, the price rose from the 1.168 support (the main turn line in March 2020) to the resistance of 1.215 The price reversed and started to fall. I expect the fall to continue.
The main reasons for this are:
- breakdown of the support at 1.197 (slowdown in price).
- strong resistance line of February 2020.
The target is 1.186.
EURJPY 03 05 2021
1 - false breakout of the resistance at 131.45 (the price has already returned to the line).
2 - strong resistance in July 2019 (border of an uptrend) without any breakout.
3 - the end of the growth, which has been from the beginning of January from the lower support of the channel 125.64.
Target - 127.98