GBPJPY Simple analysis.
GBPJPY struggled to break weekly Supply, therefore it has been deflected twice, creating a nice double top around 137.617.
We expect heavy volumes of sells Below 137.617 and 135.573.
Wait for a breakout below 135.573 which is also the double top's neckline before a safe short down to 133.498.
We've reached a double bottom on the USDJPY! . As many of you traders with pattern knowledge know, a double bottom is a very likely price reversal. Even though we're looking at the daily chart, this will reflect on the lower time frames, we're you'll find the chance to hop in at the time that suits you best.
There's potential of hitting 109.907 before going...
We will see an increase of over 7.48% in gold in the following days after market opening next week.
Gold made a strong base around 1922.79 and it has now slammed the bottom of the trend-line confirming that we've touched the very bottom. we're expecting to see a solid bullish run towards 2068.95 to retest previous levels and possibly break above.
Good luck and...
EURUSD keeps gaining ground against the Dollar, just as it's being shown on the chart, We've got a breakout and price settled above the breakout line. This could be a great opportunity to long EURUSD on market opening as It will retest higher levels before any significant bearish movement can be seen.
We could see the Cable recover against the Kiwi starting from next week. The currency has found itself on a downward trend for some time now, we could potentially bounce up from here as price has found a bottom on the daily chart.
Daily Targets ->
TP 1 > 2.00192
TP 2 > 2.02113
TP 3 > 2.04069
Very simple.. EURNZD has been bouncing up and down the same channel for a while now. Looking back, we can see how price chose to stay within the same range for quite some time now and we believe it'll stay like it until further notice. We've got a W pattern forming to the upside.
Entries will be provided on the caption.
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We've reached a key level resistance on the EURUSD chart. a channel up its indicating that we need a retracement so we do expect the EURUSD to make a retracement around 1.09917 area just as shown on the chart.
SL - 1.12020
ENTRY BELOW - 1.11469
TP - 1.09917
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EURJPY shows a promising upcoming increase to the upside with the promise of economic stimulus to the EU economy during this pandemic.
The phase of the Euro seems upbeat on the fundamental side.
Wait for a pullback before entering the trade on a Long.
SL : 115.833
TP : 120.965
Entry Below - 1.25723
TP - 1.09086
SL - 1.27488
UK extends lockdown to 3 more weeks. Strong pessimism on the GBP will drag the cable to historic lows in the upcoming weeks.
Do expect a sequence of bearish candles towards the bottom of the predicted daily channel. 1.09086 being the first target for our swing short.
Great opportunity to short the GBPJPY, bearish daily candles are starting to appear on the chart. Our signal to sell is this breakout of a pennant to the downside and the rejection from the trend line on the daily chart.
The upside seems to be capped with a dogi daily candle on the daily chart just under the trend line. We expect heavy selling pressure due to...
GBPDKK has been on a bullish run for 2 weeks. At the start of the 17th of Feb week, its bearish intentions have been shown, bearish patterns forming indicating an imminent drop.
On the chart we can see an Upside down incomplete M patter, a bearish triangle with a bearish breakout, a double top formed inside the triangle a continuation of the fall. Loo for entries...
We expect the Euro to recover some strength after February's selloff. As shown on the chart, EURNZD have created a strong support around the 1.68376 area. A triangle with a bullish breakout indicates a potential bullish reversal in this case.
In this case we expect a 230 pips increase.