GBPCHF has the potential to move above the 1.12000 level. Yearly, monthly and weekly candlesticks are bullish and can strengthen the impulse, pushing us above 1.12000.
EURCAD, we follow how and where the lower high will form. After that, we expect bearish consolidation and withdrawal towards the monthly open price.
Less volume of news next week could influence this pair to be in a certain consolidation, and we may see a minor recovery to the 1.08500 level. EURUSD is now sitting at the monthly open price so that we can expect some support. April could continue the bearish trend for EURUSD, with a target of around 1,07000.
GBPJPY chart: we're watching the pullbacks. We set the first Fibonacci from the high value to the lower value of the pullback. Then, we follow the new bullish consolidation up to the target of the 1.618% Fibonacci level. After that we have the second pullback, which was shorter by about 340 pips. We set the second Fibonacci from the high to the new low. The result...
We will agree that the AUD has been on a bullish run for the past seven days. After falling to 0.64500, it managed to recover to 0.65750 and test the monthly open price. We need a new bullish impulse that would move us above 0.66000 for further continuation. Otherwise, we retreat below the weekly open price and fall to the new yearly lower low, target the 0.64000 level.
GBPAUD is under bearish pressure after falling below the monthly open price. A pullback and drop to new lower February levels will follow if we fail to move above MOP.
The dollar has returned to a potential support zone. Now, we need a return above the weekly open price, and we can expect to continue towards 105.00.
This is a chart with three-month candlesticks, and we can clearly see retesting Bitcoin price from 2018. We set Fibonacci and now follow a pullback or a new bullish consolidation. We have crossed above the 23.6% and 38.2% Fibonacci levels and are on our way to the 50.0% level and the zone around $42,000. Bitcoin's growth is not likely to end here, and we will see...
EURNZD manages to stabilize above EMA50 and 1.75000. The pair forms a new higher low today, after which we see a bullish impulse and the formation of this week's high. We could see a test and break above 1.77000; after that, we are looking at 1.78000 and 1.79000 levels.
EURAUD has the potential to continue to the bullish side after breaking above EMA50 and retesting support. Target zone 1.64500-1.6500
The price of gold could drop to the $2018 level this week, thus testing the 61.8% Fibonacci level.
Pressure on EURUSD after falling below EMA 50 moving average. Based on that, we can expect a continuation to the bearish side with targets at 1.08500, then 1.08000 level.
The positive for the dollar is that it has returned above the EMA50 and is managing to hold above it. And the negative thing is that the dollar is not able to break through the resistance in the 102.80-103.00 zone for now. As long as we are above the EMA50, we are only thinking about a bullish option.
On the monthly chart, the Dollar Index could continue with a bearish trend in the next month or two. With a drop below the 101.50 level, the next key level is 99.00. That level is very critical because if we don't get proper support, the dollar could slide down to 95.00 and test the lower line of this channel. The dollar could make a new bottom and start a new...
OK, this is my take on the oil price for next year. As you can see, these are six-month candlesticks, and we have a broader overview of oil price movements. What we can notice are two big support and resistance zones. The lower zone is in the $30-$50 range, and the upper zone is in the $100-$115 range. Last year, we had a price breakout above the upper zone at the...
The price of natural gas could drop to the $2.30 level this week and form the next lower low there. The November bearish trend line represents strong resistance at the beginning of December.
The potential new December lower low for AUDUSD is in the zone around the 0.64750 level. We would test the previous trend line and the 61.8% Fibonacci level there.
AUDUSD has a chance to visit the 61.8% Fibonacci level once again. Additional resistance in that zone is the trend line; the width of the resistance zone is 0.66500-0.67000.