AUDUSD Forecast 01 03 2021AUDUSD Forecast 01 03 2021
Last week the price touched the resistance line 0.7989 and after that it collapsed.
During the growth, it managed to break through the resistance line 0.784 and the level 0.777
after which it still stopped at the strong support line 0.771. This support line, like the rest of the lines on the chart, has existed on the chart since spring 2020. Therefore, it is not surprising that the price returned from it to the support level of 0.775.
After such a sharp drop, there will definitely be a corrective growth and I expect the price to rise to the resistance line of 0.787.
Telegramsignals
USDCHF DOWNTREND IN PROCESSUSDCHF Forecast Using trend lines , a clear bullish trend has been identified with strong support and resistance levels also being identified.
After a bullish week in USDCHF, prices have reached the resistance level .
The last candle was bearish indicating possible bearish momentum coming into the markets.
This could indicate a pullback to the support level .
GOLD continues the descent and UP againAs I said last week ...a closure even 1 day under 1756 will make me change strategy and look for SELL because traders are now reorienting towards the crypto market which seems much more exciting!
THIS WEEK...the GOLD trend for 1 month is still BUY but as I said ...
GOLD closed Fibonacci for 1 week and now the only valid chart remains the 1 month ... which shows that GOLD will continue its fall to the Fibonacci area 618 from where we will reanalyze the whole situation.
NOTE: this pair may be influenced in the short term by any news
GREAT ATTENTION: our analyzes have an accuracy of over 80% but due to market manipulations during this period we will avoid putting exact values on SL!
we also recommend avoiding short-term trades during this period because news can appear at any time that can destabilize the market.
and please don't forget ....This is just a trend analysis! Please, give a LIKE if you find this idea useful!*
*This information is not a Financial Advice.
EURGBPAs I said last week ... a close even for 1 day below the 0.87150 level will force me to think about SELL up to the Fibonacci 786 level and ... UP AGAIN
THIS WEEK...UG closed below Fibonacci 618 and is heading towards the strategic area ..Fibonacci 786 + trend line + a very strong support formed in recent years and from there ... UP AGAIN
however....If it closes the month below the Fibonacci level I will see a change in trend and then I will look for SELL!!!
NOTE: this pair may be influenced in the short term by any news
GREAT ATTENTION: our analyzes have an accuracy of over 80% but due to market manipulations during this period we will avoid putting exact values on SL!
we also recommend avoiding short-term trades during this period because news can appear at any time that can destabilize the market.
and please don't forget ....This is just a trend analysis! Please, give a LIKE if you find this idea useful!*
*This information is not a Financial Advice.
GBPAUD future movementsGBPAUD future movements
After a strong growth spurt from October 2019 to May 2020, the price returned to within the strong resistance level of 1.841. And the last few months it has been moving without growing above this mark. The fall in price is controlled by a strong support line - 2013. In January, the price bounced off this line at point 1.743 and now I expect it to rise to the resistance level. After touching the level, the price will reverse and start falling. During the fall, it will return to the support line at 1.753. This is our goal.
USDCHF REVERSAL IN PROCESSUSDCHF Forex Chart
I THINK AT THIS POINT USDCHF MIGHT MAKE A BIG REVERSAL
USDCHF am really liking the set up am seeing on this pair Last week, the price bounced off the lower border of the ascending channel and broke through the strong support line at 0.894 during the rise. This line has been around since summer 2020 and now gives the price a strong base for growth. After the breakout, the price fixed on the line, but eventually stopped at the resistance line - the upper border of the channel - 0.902. Now the price is in the fall and I expect that first of all it will go down to the strong support zone of 0.892. This zone is just formed at the intersection of the 2020 line and the trend line of the beginning of 2021. And then the price will rise to the resistance line of 0.905.
EURJPYas I said last week ...I will continue to search on massive SELL but a closure even for a day over 127,500 I will prepare for BUY!
THIS WEEK...closed above the expected target and now I am preparing to buy 200 pips up to the trend line formed in the last 10 years!
REMEMBER: all power and dynamism indices are approaching the highest values in the last 10 years ... this means that in the case of a closure below 126,050 we will see a collapse to the area of 120,700
however ... a close below 127,500 even for a day makes me think of a SELL up to the 126,050 area and from there ... UP AGAIN
NOTE: this pair may be influenced in the short term by any news
GREAT ATTENTION: our analyzes have an accuracy of over 80% but due to market manipulations during this period we will avoid putting exact values on SL!
we also recommend avoiding short-term trades during this period because news can appear at any time that can destabilize the market.
and please don't forget ....This is just a trend analysis! Please, give a LIKE if you find this idea useful!*
*This information is not a Financial Advice.
AUDCHF TARGET SELLIn a strong upward channel, the price has been moving since October 2020. During this time, there were several minimal breakouts of both lines, but most of the time the price is in the channel. Often not even touching its boundaries. After the price touched the 0.678 support line in January, it is in the process of growth and is now moving in the middle of the channel. I expect that first of all the price will rise to its upper border - the resistance line and from the 0.706 point will turn in the fall. Thus, my final target is the 0.691 support line.
EURGBP TARGET BUYThe price continues to show a strong fall without any significant corrections. The fall is based on the support line formed in September 2020, it also prevents the price from making a sharp collapse. The resistance line is currently younger - it appeared only in January 2021. This is due to the fact that since January the price has been moving without strong corrections or rollbacks. The last time the price touched the resistance line at the beginning of this week at the point 0.878. Now it is at the 0.868 support line and I expect the price to rise back to resistance from this point. Thus, my final target is the resistance line at 0.874.
EURJPY SELL IN Resistence at 127.25EURJPY follows an uptrend, after different technical indicators, the price is going to take to the resistance at 127.25, from there we expect the price to retrace and change the trend.
📊EURJPY
SELL PRICE: 127.25
TP1: 126.90
TP2: 126.42
SL: 127.75
Signed by: FxProfitSignals Group
EURJPYAs we told you last week ...it is an extremely difficult and risky week because the 1-month chart ended above last month's value and with a low rejection but closed below the very strong resistance formed in recent years!
I will continue to search on massive SELL but a closure even for a day over 127,500 I will prepare for BUY!"
THIS WEEK...even if an ascent seems imminent I will not take into account BUY unless it closes over 1.27500 for at least 1 day!
As you can see, the pattern is almost identical to 2019 ... and even then he failed to break this psychological threshold!
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Regards,
Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc.
RISK DISCLAIMER
Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. Before deciding to invest in Forex you should consider your knowledge, investment objectives, and your risk appetite. Only trade/invest with funds you can afford to lose.