XAUUSD 30 04 2021
After the price bounced off the support level 1675.91 for the second time at the end of March, it continues to rise. At the same time, growth is accompanied by a large number of pullbacks and corrections. Nevertheless, the price has already managed to break through the support lines of 1737.06 and the level of 1763.79. Now it is in the...
I didn't say that this post is 'red hot'. And I don't know if or when the housing market is going to crash. The captioned question in a popular search engine rose 2,450% in the past month! That must be super red hot! What's the RSI on that? 😄😂 Expand the chart by pressing the + icon, for a clearer view.
There is extreme chatter in the blogosphere about housing...
+ Very Bullish pre & post covid, even more so post pandemic as an increase in online businesses and sales as a result of distancing etc + Regulatory fine may create opportunity for a long term entry
- Slightly unknown consequences from stricter Chinese regulation , how will future regs impact price - Incoming Fines effect on stock price.
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
EURUSD 03 05 2021
1 - is a strong resistance line for February 2020.
2 - a recurring pattern of the collapse-correction-collapse movement, which was already repeated in January, February and March 2021.
3 - the need to correct growth in a growing trend.
The target is 1.180.
GBPUSD 28 04 2021
Last week the price touched the resistance level at 1.400. Then it collapsed and struck:
- resistance 1.394.
- support 1.387.
After the second breakout, the price dropped to support 1.382 (February 2020). Bounced off the line and returned to support 1.388. From this position, I expect the price to rise to resistance.
The target is 1.395.
USDCHF 28 04 2021
At the end of March, the price touched a resistance zone consisting of April and January 2019 lines at point 0.946. After that, the price collapsed and a week ago made an important breakdown of the resistance level of 0.918. The price has already broken this level - during the fall in July 2020 and during the rise in March 2021. Now, after the...
XAUUSD 28 04 2021
Although gold is not showing strong movement, it still continues to follow my predictions. First, the price reached the level of resistance and prepared for a fall. Then she turned around and began to fall. Then it stayed in the resistance zone of 1792.36 before starting to fall. Nevertheless, it reversed and began to fall, returning to the main...
EURUSD 26 04 2021
The growth in the price of this currency pair continues within the upward channel, which will exist on the chart since November 2019. In early April, the price fell to the lower border of this channel the 1.170 support line. At this point, another support line also passes - formed in September 2019. From this point, the price pushed off and...
EURGBP 26 04 2021
Falling in a downtrend that formed in the fall of 2020, the price was able to break through the strong resistance level of 0.869. Then it continued to fall and dropped to the support zone of 0.848. In this zone, a strong level is crossed, as well as the support lines of August 2017 and September 2020. So this zone gave the price a strong base...
AUDCHF 26 04 2021
The price has been moving in a confident upward turn. The only tangible channel breakdown occurred from February 2021 to March, when the price broke through the resistance line. However, in March of this year, it again broke through it already during the fall at the point 0.716 and returned to the growing channel. The price dropped in the...
#EURUSD 21 04 2021
Let me remind you that since the beginning of this week, we expected the price to stop rising, its reversal from the resistance line and the beginning of a fall.
First, the price came to the resistance line at 1.205. Then she began to fall. During the growth, the price was also able to make a small false breakout of the 1.200 resistance zone...
#GBPUSD 21 04 2021
At the end of February, the price reversed from the strong resistance zone 1.416 where the lines of June 2018 and March 2013 intersect. After that, the price began to fall and formed a downward channel. Falling in this channel, the price came to the support line 1.375. This line was formed in April 2020 and is quite strong despite breakouts....
#CADJPY 21 04 2021
And one more pair that perfectly fulfilled my previous prediction! Let me remind you that last week we talked about the fact that the price will reverse at the strong resistance zone 88.39, where the historically strong resistance level and the line of 2007 intersect. As we can see today, this is what happened. The price bounced off the...
#EURUSD 20 04 2021
The price continues to stand at the resistance line in the area of 1.207 and therefore I extend my previous forecasts - I continue to expect a fall from the resistance. Let me remind you that since March last year, the price has been moving in an upward trend. In January of this year, it fell from the upper bound of the trend - 1.237 to its...
#USDJPY 20 04 2021
The price is at the support line, getting ready to make a correction to the fall and rise to the reversal. Let me remind you that during the growth in a downtrend, at the beginning of this year the price bounced off the support line 102.58. After that, it rose strongly and stopped only at the resistance zone of 110.69. At the point where the...