Logarithm. Time frame 1 month. Main trend. Long-term trend.
Decided to make an idea, as now, a lot of people from Ukraine and Russia emigrate to small Georgia for a while. There is a strong appreciation of lari while the currencies of other countries are depreciating. I won't describe why the GEL is getting stronger, as everyone understands why. Also, you should...
hello every one
i hope you enjoy youe trades
but if you want to open a position or buy this currency to make a profit make sure this pullback will be complete
if not dont risk on it
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On USD/GEL daily chart, we can easily spot a symmetrical triangle, which has been broken upwards by the price movement. The price has also retested the break out point. The measured move for this break out would be near 4 GEL. This price target is also being confirmed by 1.618 fib level. Maybe a good idea to go long from here. Cheers!
Chart has confirmation of Triangle during the uptrend Chanel, Good price to buy 2.4650 S/L 2.36 T/P 3.0 ......
Unfortunately we have not ability access to Trade on this currency exchange on Forex Market, But this Technical analyse is made for The People who has access to trade on it. Current Price is around 2.50 now Market should decide Next move: 3.00 or Back to 2.00
