#EURUSD 05 04 2021#EURUSD 05 04 2021
Let me remind you that since the spring of 2020, the price has been moving in a global upward channel. In early January of this year, it came to the upper border of the global channel and pushed off from it at point 1.234. From that point on, the price fell, forming a smaller descending channel. During the fall in this channel, it came to the support zone of 1.170. In this zone, the support trend line and the support line of October 2019 intersect. The price has consolidated in the zone and now I expect it to start growing, break through the nearest resistance line at 1.189 and continue to grow. Thus, my final target is the resistance line at 1.217.
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#GBPUSD 05 04 2021#GBPUSD 05 04 2021
During the rally in an uptrend that began in May last year, the price was able to break through several strong and important lines on the chart. First, this is the 1.341 support line from April 2020, then the 1.376 resistance line from January 2019. After the breakdown of this line, the price reached its local maximum - resistance zone 1.418. In this zone, the lines of 2018 and 2013 intersect and from it the price began to fall. After breaking through the resistance at 1.384, the price stopped to the support line at 1.367 and fixed two times on these lines. Now it is at the resistance line 1.385 and I expect a fall. The price will break through the nearest support and fall to the support trend line 1.357. This will be our goal.
#EURGBP 05 04 2021#EURGBP 05 04 2021
The price movement of this pair is characterized by strong price jumps. In 2019, it showed a rapid rise, but also plummeted from the resistance level of 0.928. Then she repeated the same rise-fall movement in early 2020. And already in April last year it touched the resistance level for the third time. From this level, the price reversed in the fall and, as a result, was able to drop beyond the August 2020 resistance line of 0.869.
#USDCAD 05 04 2021#USDCAD 05 04 2021
The price of this currency pair has been following a downtrend since April last year. During the fall, it managed to break through the strong resistance level 1.303 and the 2016 resistance line 1.291. Then it continued to fall in trend. The price made at least 6 touches of the main trend lines - the resistance of April 2020 and the support of June 2020. And now it is at the resistance line of 1.255. We expect the price to fall towards the support line from this point. Thus, my final target is the support line at 1.230.
#XAUUSD 01 04 2021#XAUUSD 01 04 2021
Over the past year, the price of gold has experienced several strong surges. The first fell on the second wave of covid, then there were elections in the United States, and in January - riots in Washington. Gold dropped after each jump. As a result, the price dropped to the support zone of 1675.94. From this zone, it jumped in early March, then moved along the resistance line 1742.67. And in the end, ok support fell again. After the second swing of point 1675.94, the price started to grow again and now I expect it to touch the resistance line 1725.49, after which it will fall again to support. So my final target is a support level of 1675.94.
#AUDCAD 01 04 2021#AUDCAD 01 04 2021
After breaking through the historically strong level of 0.974 during the fall, the price returned to the zone of strong support, which is formed by two lines: July and February 2020. It is important to note that the February 2020 support line served as the basis for the price rise from 0.925 in October last year. And it was during the growth from this line that the price was able to break through the resistance level. This is an additional factor in the strength of the support zone. Now the price is in position 0.950. I expect it to bounce off it and rise - taking into account the corrections, of course - to the strong resistance zone of 0.974. This will be our goal.
EURJPYAs I said last weekS .... EJ closed over 130,200 and came close to 131,000 from where it rejected very strongly entering again below the trend line! analyzing the chart on 1 month where it formed "W" and where I kept saying that it will go down minimum 500 pips and the chart on 1 week !
I can say that I will search SELL until 128,200 or maybe even below ...
THIS WEEK...as I said last week, EJ reached 128,200, from where it strongly rejected ...
Starting last week, a new Fibonacci downtrend was formed on the 1-day chart with the Fibonacci level 618 at 129,700 ... from where I think it will reject again and will go down to 127,200 (see the round area) where ... UP AGAIN!
However, a 1-day close above 129,700 opens the BUY area again for at least 100-150 pips!
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GREAT ATTENTION:
Our analyzes have an accuracy of over 91% 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.
*This information is not a Financial Advice.
#XAUUSD 26 03 2021#XAUUSD 26 03 2021 resistance of 1748.07.
However, during this entire time, the gold moved along the line. Since Tuesday, I have extended the forecast for the fall. The price started moving on Wednesday. Yesterday it finally unhooked from the resistance line and dropped several points. I am confident that after gold broke through the resistance of 1773.86 in February, the price will remain in the general downtrend that has been going on since August last year. It will bounce off the 1740.41 resistance line and fall at the 1672.60 support line.
#AUDCAD 26 03 202#AUDCAD 26 03 2021 price was able to break through this level and moved above it for some time. But in the end, in March, it fell again, broke through the level, fixed on it and continued to fall. The fall in the price stopped only at the support zone of 0.953. This is a pretty strong zone that consists of the January and August 2020 support lines. You can already see how the price showed a slight increase from this zone. I expect the price to continue to rise and eventually come to the resistance level of 0.974. This will be our goal.
#EURUSD 24 03 2021#EURUSD 24 03 2021
I want to remind you that the price has been moving in the global ascending channel since February last year. And at the beginning of this year, it touched the resistance line of this channel at 1.233, after which the process of falling began. This fall also fits into a small downtrend channel that formed in October last year. For us, the most important thing that happened during the fall was the breakdown of the resistance line 1.1198, which took place in early March. This line was the lower border of the ascending channel, and after the breakout the price left it. Now I expect the price to bounce off the 1.181 support line and rise to the 1.201 resistance line. This will be our goal.
#USDCHF 24 03 2021#USDCHF 24 03 2021
After the price was able to break through the support zone near the level of 0.918 in early March, it rose strongly and eventually came to the resistance zone at the 0.936 line. This line was formed in 2019 and after the first touch, the price collapsed back to the support zone. However, moving between support and resistance, the price rose again to the 0.936 line. I expect the price to reverse from this line and fall towards the support zone. Thus, my final target is the 0.918 support zone.
#GBPUSD 24 03 2021#GBPUSD 24 03 2021
This week we have seen a strong price collapse from the resistance line 1.393. This line appeared on the chart in December 2020. During its existence, there was one strong breakdown, but after its completion, the price fell again, returned behind the line and continued to fall to support. Now the price is not far from the strong support zone of 1.367. This zone formed at the intersection of two lines. One of which has existed since September 2020, and the second since April 2010! Therefore, I expect the price to rise from this zone and come to the resistance line. This will be our goal.
EURJPYAs I said last weekS ...EJ closed 1 week and 1 month below the trend line which makes me believe that W is over and now it should drop at least 200-250 pips until it makes the next major move! (see also analysis for 1 week)
I will continue to look for SELL on EJ for at least 200-250 pips!
However, a close even for 1 day over 130,200 forces me to think of BUY up to around 133,000
THIS WEEK... EJ closed over 130,200 and came close to 131,000 from where it rejected very strongly entering again below the trend line! analyzing the chart on 1 month where it formed "W" and where I kept saying that it will go down minimum 500 pips and the chart on 1 week !
I can say that I will search SELL until 128,200 or maybe even below ...
NOTE: Starting this week I will try to highlight in parallel the chart for 1 week and the one for 1 month for a better accuracy of the analyzes
GREAT ATTENTION: This pair may be influenced in the short term by any news!
This pair may be influenced in the short term by any newsOur analyzes have an accuracy of over 91% 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.
*This information is not a Financial Advice.
Please, give a LIKE if you find this idea useful!
GBPUSDAs I said last week ..exactly as I said last week GU hit the area of the trend line from where it had a very high rejection that will continue in the next period until the area 37680 where it will have a small rebound and if it manages to break that area will go down 1000 -1200 pips in the coming months! (we will show this aspect in the next 1 week chart)
THIS WEEK... GU rejected as I said and is heading towards the very strong resistance area 1.37800
From that area, technically it should reject and rise again 200-300 pips from where ... DOWN AGAIN to 1.35 in the first phase and 1.27 in the next period!
NOTE: this pair may be influenced in the short term by any news
GREAT ATTENTION: Our analyzes have an accuracy of over 91% 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.
*This information is not a Financial Advice.
Please, give a LIKE if you find this idea useful!
EURJPYAs I said last week ...EJ closed 1 week and 1 month below the trend line which makes me believe that W is over and now it should drop at least 200-250 pips until it makes the next major move! (see also analysis for 1 week)
THIS WEEK...I will continue to look for SELL on EJ for at least 200-250 pips!
However, a close even for 1 day over 130,200 forces me to think of BUY up to around 133,000
NOTE: this pair may be influenced in the short term by any news
GREAT ATTENTION: Our analyzes have an accuracy of over 91% 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.
*This information is not a Financial Advice.
Please, give a LIKE if you find this idea useful!
EURUSD 01 03 2021EURUSD 01 03 2021
The price dropped from a strong resistance zone, The 10 hour TF shows that the price has been in a strong growing channel for a long time -
Falling the price approached its middle near the support level of 1.2014, after which it made several bounces and corrections.
Now the price is again at the level in the support zone where the level crosses the line of February 2020. I expect that the price will go down to the support zone, bounce off its lower border at 1.196, after which it will start a new growth and reach the resistance line at 1.258.
Caution long term
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.
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.