The price movement continues between the two major levels 0.781 and 0.757. Also between them is the level of 0.769, in the area of which the price usually makes corrections. At the beginning of this week, the price rallied from the correction level to the resistance level. Now it has turned around and can be expected to return to the 0.769 price level.
SL -...
The last half of the year, the price movement was accompanied by frequent and strong jumps from growth to fall. Nevertheless, these movements fit into the downtrend. The resistance line forming this trend was formed in November 2020. There is also a correction zone in the middle of the trend. Now the price is ready to reverse from the resistance at 1.268. It can...
The price has been steadily increasing since February this year. This small trend formed between the support and resistance lines (February) AND the price did not break any of them. Now the price is in the process of completing the correction from the resistance at 86.20. At this point, the trend line and the resistance level intersect. It can be expected that the...
The price continues to grow steadily. During the growth, it made three small corrections in the areas of price levels. And each correction became a support for continued growth. However, now the price is approaching the level of 0.942 and from here we can expect a reversal and fall to the level of 0.929.
SL - 0.948.
The price returned to the zone between the two main levels: 0.781 and 0.757 after the breakout in February. The retracement level in this zone is 0.769. It was recently broken by the price during the fall. We can expect the price to correct to the level and fall to the main support 0.757.
SL - 0.772.
Remember, there is no place for luck in trading - only...
The price has been in an uptrend since last October. At the end of February, there was a strong breakout of resistance, but the price returned to the trend and is now at the support level without touching the trend border. It can be expected that the price will rise to the upper border of 78.78 and then fall back to the 77.25 level.
SL - 76.77
Remember, there is...
After a short rise, the price of this currency pair fell again. Considering the price movement since December, one can find the "Cup with a handle" pattern. This is an inverted reversal pattern. We have a prior trend (growing). This means that after completing the pattern (and it has already happened), the price should break through the base line and collapse by...
At the end of December, the price showed a strong growth. Upon completion of this growth, it continued to move within the two price levels 0.988 and 0.973. And this movement was not very stable with large intervals. Now the price has come to the level of 0.988 and it can be expected that after the touchdown it will collapse. At least to the lower border of the...
Since the beginning of this year, the price has been showing a very volatile movement with large spreads in the lows and highs. On this period of time, it is controlled by two main lines + a line of breakout highs. Recently, the price has broken through the resistance line 1.268. It fell to the level of 1.261 and is now reversed. We can expect the price to...
Continuing to move in an uptrend, the price made false breakouts several times, and both of them in February. At the same time, one of the breakouts was quite insignificant, while the second one, last week, could lead to a breakdown of the trend. But the price returned to the channel again. It can be expected to fall towards the 84.07 level.
SL - 84.98.
Remember,...
In January, the price kept the rhythm of movement: a strong collapse - growth to the previous volume. And now it is in the process of forming the third collapse in a month. Before the price returns to growth, we can expect it to fall to the price level of 1.203.
SL - 1.213.
Remember, there is no place for luck in trading - only strategy!
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Since October last year, the price has been moving in a growing channel. However, this week it came to the resistance at 1.419, which is also the border of the channel, and after touching this point, it collapsed. Now we can expect the price to leave the channel, break through its lower border and come to the price level 1.368.
SL - 1.400.
Remember, there is no...
During yesterday's day, the price collapsed and broke the channel line 0.991. It has been a strong upward channel since early February. However, the breakdown occurred even without correction, which indicates the force of the fall. Therefore, in the near future we can expect that the price will drop to the price level of 0.973.
SL - 0.984.
Remember, there is no...
Despite the short-term growth, gold has not yet been able to break the downtrend, which has been going on since August 2020. It is understandable that the world will slowly climb out of the pit of the crisis, investors have felt a little stability. The other day the price has risen to the price level of 1815.89. And now we can expect that it will fall again to the...
Despite a small breakdown in mid-February, the price continues to move in the small upward channel that was formed in January 2021. Yesterday it just turned around at support 83.26, but stopped short of resistance. Now we can expect the price to rise to resistance and fall to support at 83.53.
SL - 84.28.
Remember, there is no place for luck in trading - only...
The price continues to move in an uptrend that it started in February this year. Last week, it bounced off the border of the trend and the price level of 1.204, and then continued its growth, simultaneously breaking through several price levels. Now it is at position 1.216 and has been showing good growth since yesterday. I am inclined to believe that the price...
The price did not return to strong growth after the completion of the head and shoulders pattern. It still shows uneven movement with very strong spikes and falls. Once again, pushing away from the price level 0.891, the price reached the level of 0.900, fixed on it and began to fall again. Now, apparently, another correction is taking place after which a new fall...
The price collapsed from point 128.3. This is the third strong characteristic collapse over the past two months. After such a collapse, the price usually began to correct. This time, the price also started to rise, but the deals are not so big. Nevertheless, we can expect that it will touch the level 128.3 again, after which it will correct to the level 127.6
SL -...
