As per the trend analysis noticed on the chart above, Silver is likely to hit take profit 1 and take profit 2 in the coming days. lets await and see how it turns out
In a daily time frame chart, A Gartley pattern has been formed. We are likely to see TP1 and TP 2 being hit in the coming days. However this maybe influenced by the outcome of the RBA's upcoming interest rate decision.
there is some evidence based on the trading channel that coincides with the fibonacci levels of 38.2 and 61.8 thats states thats GBPUSD is set to continue on a bullish trend and hit the predicted take profits TP1 and TP2.
Using fibonnaci inversion , CADCHF is likely to go short in the coming days. and is likely to hit its predicted TP1 and TP2 at fib levels of 38.2 and 61.8 respectively. lets see what happens
A bearish butterfly harmonic pattern looks to have been formed. therefore we expect the CADJPY to go bearish in the coming days and hit the predicted TP 1 and TP2
Also using the fibonacci harmonic pattern, one can see a Butterfly harmonic pattern has been formed. hence we are likely to see TP1 and 2 being hit in coming days.
AUDJPY likely to go short.Using Fibonacci Inversion.AUDJPY seems to have reached a potential reverse Zone and is likey to reverse and hit take profit 1 and 2 in coming days. we await to see how it turns out
Using Andrews pitchfork , the USDCAD is likely to go short and hit take profit TP1 and TP 2 in coming days or weeks
Looking at a 4hour chart , A Gartely harmonic pattern has been formed. we await to see how it turns out in the coming days
In the Daily time frame, some pattern close to a Gartley hamonic pattern has been formed.Therefore i predict price to hit Take profit 1 and 2 in the coming days.
Looking at a Daily chart, a cypher Harmonic pattern has been formed. we are likely to see the GBPCAD going bullish. However one should strictly note that due to geopolitics the Canadian Dollar has been stronger than the Great Britain Pound. and even lately the BOC increased the interest rate that has strengthen the canadian dollar. lets see how it plays out...
In the Daily or weekly time frame, price has reached at a major support thats been in existence for as far as 2018. Also looking at the RSI, GBPAUD looks sold out as it has touched 20%. Its upon this basis that i believe that price is going to bounce off the major support. its also important to note that due to geopolitics the GBP has been weaker in comparison to...
Looking at a Day time framework , the GBPJPY has formed a double top. Also lately due to the geopolitics , investors have been rushing for safe haven currencies leaving the some European Currencies such as the Euro and The Britain Pound in a weak position. I do therefore believe the GBPJPY will hit the set targets in days to come. lets see how it plays out
In the daily time frame; the EURJPY formed a Gartley Pattern. so far the two take profits have already been hit. we await to see if the 3rd take profit will be hit also. This implies in this coming week , the EURJPY is likely to largely stay bearish.
The EURUSD is set to go bullish for a shortwhile before making a retracement at fib level 50. The recommended bullish entry point would be at 1.11549 while Take profit 1 is likely to be at 1.12088 Take profit 2 is likely to be at 1.12244 Take profit 2 can also be used as a bearish entry point, should the trend make a retracement at fib level 50 to shoot downwards
The EURUSD is set to go bullish for a shortwhile before making a retracement at fib level 50. The recommended bullish entry point would be at 1.11549 while Take profit 1 is likely to be at 1.12088 Take profit 2 is likely to be at 1.12244 Take profit 2 can also be used as a bearish entry point, should the trend make a retracement at fib level 50 to shoot downwards
The market has been respecting the support and resistance structures that have been in place for as far as 2007 as evidenced in the 1 week chart. its upon that basis that i believe that when the market hits the PRZ, the market is most likely to go bearish after hitting a price between 90.05 and 92.41. Recommended entry point should be at 87.7 1st Take Profit be...
The trend is likely to go bullish if the strong support zone that has been existing for quite some time fails to crack.