Given the strong uptrend, it is likely that this move will be a correction of the previous move and an opportunity to buy within the specified range. This is a possible scenario. But given the strength of the dollar and rising US interest rates, another scenario is that It exists, and it can continue to decline until it recovers $ 22,000.
As in the previous analysis, we gave the possibility of losing $ 30,000 and it happened. It will continue to decline.strong sell
The downtrend is very strong and quite clear. If the 30,000 support is lost and below it stabilizes, the downtrend will continue.
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In the weekly time frame, we expect a downward movement to the bottom of the channel in this range
We are waiting for the break of the uptrend line or the break of the downtrend line.
As the new African krona intensifies, the yen has become very strong and the dollar is likely to fall sharply against the yen.
The movement is very time consuming and represents the correction wave b and the formation of a twin roof and a very strong candle signal.
The formation of a lower valley and the breaking of the trend line, which indicates the entry of the downtrend and possibly the c wave, which is 100 projections of the lower range.
If the oil continues to decline, it can be optimistic about the weakness of the Canadian dollar and was waiting for the buy signal in the range of 89-90, which is the Fibonacci level of 50 weekly time frames.
If worries continue for the new corona, the yen will definitely be strong and the downward trend will continue, but if good news is published for the new corona, we can hope that the trend will rise
As it is known, we are at the end of wave 5 and we are approaching the 38 fibo level and 127 external wave 4.
Frank is very strong because of the new corona and will be strong until the treatment of the new corona is determined.
It is quite clear that it is in a downtrend and we are waiting for the sell signal.
It is in a strong downtrend and in the correction and retest of the entry of the sales transaction.
Due to the break of the trend line and the new lower support in the uptrend, we have to wait for the sell signal