Looking To Sell Back To The Lows, Should You?AUDCAD is setting a really beautiful opportunity to the downside. Do you see a sell opportunity of this forex pair or will you be sitting on your hands?
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Gold tumbled yesterdayTechnical:
The near–term support is around $1890, a breach below targets $1870/$1850.
The yellow metal faces strong resistance of $1917, any breach above will take to the next level $1932/$1950/$1970.
GBPJPY regained above 167 Technicals:
On the lower side, immediate support is around 166,
The minor resistance to be watched is around 168, a break above that level confirms intraday bullishness, and a jump to 168/170 is possible.
USDCHF Forecast 02 03 2021USDCHF Forecast 02 03 2021
During the growth in an uptrend, which originates in December 2020, the price broke through the support zone of 0.904 and then came to the resistance zone. This zone consists of the resistance line of December 2020 and the strong level of 0.918. The price is on the line right now, but I expect it to rise a little more and be able to break it. After that, it touches the level and already from it will unfold in the fall. The price breaks the line again this time during the fall and then drops to the support zone. Thus, my final target is the 0.904 support zone.
#CADJPY Trending down#CADJPY Continuing to rise in the upward channel that began its existence in October 2020, the price came to the strong resistance zone of 83.83 formed at the intersection of two lines. One of these lines is the channel resistance line.
The second is the currently strongest resistance line for the chart, created in 2015! Despite the fact that the last days the price has shown growth and has grown to the upper border of this zone, I expect that its next step will be a fall. The price will bounce off the 83.83 line, break through the 83.55 zone and fall to the support line. So my final target is the 82.09 support line.
EURUSD H1 Live Forecast Up DirectionEURUSD H1 Live Forecast Up Direction because of strong support zone.
#NZDUSD the impact of the last interest rate decisionAs we can see in the chart above, we are in the price range between 0.6945 and 0.6725 Yesterday was a good time to enter a sell position because we were close to resistance but as you can see there is still profit to gain until support, You can see in Stochastic that there is still margin for a drop.
Entry Price: 0.6814
Stop Loss:0.6855
Take Profit: 0.6732
#GBPUSD How to take advantage of the upward trend?The trend on the gbpusd is an upward trend and as soon as the gbp corrects a bit to gain more strength to continue, we recommend selling signals to 1.3070 and then return to buy signals.
Sell GBPUSD:
Entry Price: 1.3150
Take Profit: 1.3070
Stop Loss: 1.3189
The EURUSD rises slightly before a sharp fall?In terms of eurusd price range stuck in it for a few weeks, it is better to enter to a Buy position but we can not ignore all the signs that the Euro will continue to fall such as:
1. a beautiful Ichimoku Cloud that represents a downward trend.
2. eurusd touched a moving average 200 and began to fall and did not continue to rise and get close to resistance like in the paste.
3. The trend of the dollar is an uptrend.
#USDCHF Prediction!After a 100 pip drop from the previous high we decided to recommend a buy signal, Here are the reasons:
1. Stochastic is at its bottom in the 12-point area and its lines intersect properly for a buy signal
2. The price of usdchf is currently on the interesting support of Senkou Span (Ichimoku indicator)
3. The cloud of the Ichimoku still uptrend cloud
Entry Price: 0.9930
Take Profit: 1.0120
Stop Loss:0.9860
#AUDCAD A short signalOn the one hand, the resistance is breached, signaling a strong buying signal, and on the other hand, the audcad is currently facing a new resistance - the moving average 100,200 and you can also see the Stochastic indicator indicating a sell signal because it is above 80 points that it is over buying.
We recommend selling short term in order to return to the Buy position
Sell AUDCAD:
Entry Price: 0.9520
Stop Loss: 0.9545
Take Profit: 0.9470
