GBPUSD at the start of new growthThe price has been following an uptrend. She regularly touches the line of resistance and the line of support. On the chart, you can see at least 4 repetitive movements: in November in December (two) and in January. The price is again at the starting point of growth - the support line 1.364.
It will continue to rise to the resistance line 1.399.
Remember, there is no place for luck in trading - only strategy!
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GROW
DOLLAR GROW from strong SUPPORT zoneSince March 2020, the index has been in an almost continuous decline, making corrections but still returning to a downtrend.
During this fall, he was even able to break through the level of 92.18. And then the support zone at 90.52. This is really a very strong support zone, formed by two lines. One of these lines has been around since early 2020 - from February. The second is much older, it has existed since 2012!
However, we see that the price could not seriously fall beyond the support zone, but almost immediately corrected to it and was able to break through it during the corrective growth. This is a good sign that hints that the fall in price may stop.
Now I expect that the price will rise a little more and the first thing to fix on the support zone, and then start to grow. Thus, the final target that I expect is the resistance level 92.18.
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USDCHF grow from support zoneAs I said in my previous forecast, the price went up from the support zone.
However, having passed half of the target, it fell again and consolidated in the zone.
This movement can be interpreted as correction and consolidation in the zone.
Now I expect growth again, as this zone has shown good support over the past months
Therefore, now I expect the price to start growing from the support zone and the level of 0.903.
And then it will rise to the resistance line.
The target is 0.914.
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GBPJPY now - fall to support, then - grow to resistanceSince the beginning of September, the price has dropped significantly.
The fall was strong and prolonged.
And only at the end of September the price stopped and started an upward trend.
During which it formed a support line (first touch in the area of 134.496).
The first touch occurred in October and since then the price has regularly turned upward, touching this line
The last strong movement was in the first week of November (the price worked out half of the positions it had lost at once).
Price growth from above is corrected by two strong resistance lines.
And as support and resistance intersect, price swings become less active.
Yesterday the price touched the support line (138.295) again and started to grow.
However, I expect that it will return to the line of support when it reaches resistance.
It will consolidate in the area of 138.884 and only after that it will grow.
The target is the resistance zone 140.263.
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EURNZD GROW in chanelMy last forecast for this pair was on October 6th. Let me remind you that then we analyzed that the price entered a small channel and broke through the support zone and after that growth to the upper border of the channel - the resistance line.
Now we see that the price continued to move in the channel. Also, there is a strong support line near the lower border of the channel, which has existed since 2017. This also speaks in favor of price growth.
Now we see that the price continued to move in a small upward channel. And now I have come to its lower border - the support line. Based on the price readings over the past month, I expect that now the price will bounce off this line and come to the 1.804 resistance line.
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GROW - Bulling & Still GrowingU.S. Global Investors, Inc. engages in the provision of investment advisory services. It operates through the following segments: Investment Management Services, Investment Management Services-Canada, and Corporate Investments. The Investment Management Services segment offers a range of investment management products and services to offshore and exchange traded fund clients. The Investment Management Services-Canada segment comprises of investment management products and services in Canada through its asset management firm. The Corporate Investments segment invests for its own account to add growth and value to its cash position. The company was founded in 1968 and is headquartered in San Antonio, TX.
SHORT INTEREST
277.41K 09/13/19
P/E Current
-9.20
Price to Sales Ratio
5.57
An idea for the Mighty DollarIn a few minutes the market will open and considering the way things played out last week for the dollar we might see a small bull push in intraday frames (4HR and lower), but prices are back at a strong resistance now support zone. If prices dont hold at higher (than these) prices im looking to short USD/CHF and long xxx/USD pairs.
Close targets for sure profitsIf we break over 8000-8300 , i will close my positions at 9200 and 10200
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D, L123 NO CGR4D YET
SHORT TILL I GET MY CGR4D ON DAILY
'THERE WILL BE MANY POTENTIALS BUT LITTLE TRADES'