EURGBP: will start growing for the first time in 2020Continuing to fall in the downtrend formed in September last year (if we do not take into account the correction in November after which the price returned to the fall), the price fell into the zone of correction between the levels of 0.871 and 0.859. It can be expected that after a correction to the lower level, it will rise to the upper 0.871.
SL - 0.853.
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Buysignals
GBPUSD: will peak in 2018During the growth in the ascending channel that formed in September 2018, the price approached the important price level - 1.432. This is the point of the highest price since 2018 (it had more volume only in 2016). We can expect the price to bounce off the lower border of the channel + level 1.386 and rise to the high of 1.432.
SL - 1.374.
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EURUSD: continuation of the bullish scenarioYesterday we expected the price to rise from the support level and the price did indeed rise. So today it makes sense to extend our forecast. I expect that the main price movement now is growth after a strong fall. But gradually. The price will reach the level of 1.214.
SL - 1.205.
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EURCAD: will it break through the channel or will it grow?The price has been moving in a global downtrend since July 2020. Despite the fact that there are also local lines inside the channel, now the price has approached the channel boundaries and they have a greater influence on it. We can expect the price to bounce off the channel border at 1.518 and rise to the level of 1.536.
SL - 1.513.
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GOLD: updating the idea for long-term tradingYesterday I was mistaken in thinking that gold is already ready for new growth. The price broke through the strong support zone and continued to fall. Nevertheless, I still believe that the fall should end soon. The most difficult moment is where to find the pivot point? The closest possible, in my opinion, is 1670.05. From it the price will rise presumably to 1773.50. In a very long term.
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EURUSD: price reversal and trend change to bullishThroughout the last week, the Eurodollar price has been falling from the position of 1.222. At the end of January, we saw a similar fall, when the price collapsed by a large volume over the course of a week. The last time after such a collapse, the price recovered the entire volume over the next week. Now we can expect at least a correction that will start from the level of 1.200. Target - 1.208, SL - 1.195.
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NZDUSD: level breakout is a signal for a bearish movementThe price collapsed and touched the 0.723 price level. At this level, we can observe two attempts at once for growth and correction. Now the price continues to fall and can be expected to fall to the price fall of 0.717 and then rise to 0.724. SL - 0.725.
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AUDUSD: possible option for price movementAt the moment, the price has left all really strong lines of the chart after the collapse. It pushed off the 0.769 support line - the line of the beginning of this year. And now correction to support and growth to resistance is possible. The target is 0.781. SL - 0.763.
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GOLD: returns to growth after collapseOver the past week, gold has seriously collapsed, breaking through several major price levels. But judging by the jump in growth, we can assume that the fall is over and the price is ready to rise. Now gold is in a very strong support zone at the intersection of three lines. therefore, we can expect its growth to the price level 1815.89.
SL - 1713.32.
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EURJPY: continued growth?The price continues to rise based on a small support line since the beginning of the year. After almost every touch of this line, the price jumps up and then falls back to it. Now, after the next jump, it is located near the position 128.35 and we can expect that, having touched this point, the price will rise to the level of 129.31.
SL - 127.9.
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GBPJPY: bullish growth in a bullish channelContinuing its movement in the global uptrend, the price formed a small growing channel in February this year. Last week there was a breakdown of the resistance line, but the price returned to Canada. It can be expected that it will touch the support and rise to the price level of 150.43.
SL - 147.5.
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NZDJPY: growth to the positions of 2016The price has been in a downtrend since 2016. However, in November 2020, it pushed off the trend support and broke through the upper trend line - 70.5. Then it grew almost continuously. It can be expected that the price will reach the 81.1 price level, which will be corrected.
SL - 74.8.
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$30 is the most important level for SilverUpon analysis of the long term it looks like silver is going to struggle for a while to break $30.00. This chart chops up the last 13 years and then projects about 8 years into future (above orange, above yellow would be the levels) which may or may not be important. It's hard to say, but when I see the price breaking over those levels I will know we are on the next leg up back to $50.00 which silver ultimately is aiming for.
GOLD: the beginning of a bullish trend or just a correction?This week, gold has lost a lot of volume, returning to the fall after each correction. Yesterday it collapsed and is now close to the support trend line (early December) 1750.90. The price will probably bounce off this line and rise to the resistance line 1787.42.
SL - 1736.32.
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EURUSD: bullish pattern is over, then - growth.The price worked out the bullish "head and shoulders" pattern, during which it first tsp (the previous trend), then formed two shoulders and a head, and eventually broke through the neckline during the growth. Now we can expect growth by the volume of the previous trend, but for a start until the price level 1.227.
SL - 1.218.
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EURGBP: a repeat of the 2020 scenario.The price repeats the scenario of 2020, namely, after a fairly confident movement above the resistance level, it fell and continues to fall, almost reaching the same positions from which it began to grow in February (exactly one year ago) of 2020. However, the price is now at 0.860. During the growth last February, a correction began from this level and now we can expect the price to correct to the price level of 0.870.
SL -0.853.
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EURCAD: completion of the bullish patternThe price has formed a triangle pattern (descending). We see the previous trend on the chart + trend lines intersect, while the support line is parallel to the coordinate grid + the price has already made more than 5 touches of the trend lines. It is now at the very "tip" of the triangle and is ready to leave the pattern. We can expect the price to break through the resistance at 1.532, fix on the line and rise to the price level at 1.544. Ideally, the price should rise by the volume of the previous trend.
SL - 1.523.
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NZDUSD: false breakout failed to break the trendAfter the price broke the uptrend last week, it touched the 0.717 price level and eventually returned to growth. The price movement follows the price levels created in the ascending channel in December 2020. At this moment, the price is again within the trend at its upper border of 0.733. She started working on the correction. It can be expected that the price will fall to the bottom of the trend, then bounce off and rise to the 0.738 position.
SL - 0.725.
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USDJPY buy! Going Up!Hello Traders, here is the full analysis for this pair.
Watch strong price action at the current levels for BUY GOOD LUCK! Great BUY opportunity in USDJPY ..
I still did my best and this is the most likely count for me at the moment ..
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
GOLD: correction before another collapse?The price did not return to its previous positions after it started to fall in the last year's agusta. Due to three major price jumps (which mainly occurred on the waves of Covid-19), additional price levels were formed. The price recently bounced off one of these (1733.08). Now we can expect its growth to the nearest resistance line 1829.84.
SL - 1746.48.
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Can AGCO rise another 3%At Friday's opening, AGCO rose significantly. By the close of the first two hour bar that morning, 4 of my trading algorithms signaled BUY. Normally such quick movement would trigger a SELL. After studying this event and the algorithms, it looks like squeezing a few more percent out of this rise is possible.
The rarest of my triggers is the Precise signal but it has the strongest accuracy rate of all my algorithms. When all 4 of these trigger a BUY at the same time, the stock has always risen. The smallest rise when all 4 trigger is 0.796% and that occurred on the very next bar. The stock then dropped 4% afterward.
The average and median gain from this point are above 3.2% from the closing price causing the BUY signal. Most of the time, the stock briefly drops 0.7% before completing its 3% gain. The typical period of this delay in upward price movement is likely over and the stock did not drop the full 0.7%. So the question is where does it go from here?
In the short-term, it should climb above $128 which is still a significant move. I have plotted all of the models on this chart to include the bounce down and their target tops.
Let me know what you think
GOLD: when will the bull replace the bear?Gold continues to fall, although it has encountered small local zones and support levels on its way. In general, this drop fits into the general pattern of the chart, which consists of strong two-stage collapses that can be observed from August 2020. Now we can expect that gold will continue falling to the level of 1732.9. After that, it will finally start a new growth and return to 1815.8.
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EURUSD: bullish trend at the heart of price increasesSo, we continue to wait for the price to rise. In early February, the pair dropped to point 1.195, where it turned around and started a new upward movement. The first stage of growth - the price level of 1.203 has already been passed. Further, we can expect the consolidation and the continuation of the upward movement. The nearest target that can be set is the price level 1.216.
SL - 1.203.
Remember, there is no place for luck in trading - only strategy!
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