If the EUR/USD pair continues its upward trend and breaks the specified trend line, it can reach the price target at 1.15, and in this case, the forecast of reaching the price target at 1.19 will be available!
Good luck!
MJ.REZAEI
The fluctuations formed since May 2024 indicate a strengthening of the possibility of upward fluctuations in the currency pair, and in the long term, there is news of price targets in the range of 185 units!
Be careful, we will face numerous upward and downward fluctuations until the desired price target is reached!
Good luck
MJ.REZAEI
Please note that this gold chart simulation does not use Elliott analysis at all, and only uses the numbering of the TradingView software.
It seems that the current downward fluctuations in gold are drawn within the box limits or number 5, and the market is reacting. We will see a pause, albeit a short one, in gold!!
This is not an Elliott analysis!!
Good...
I believe that the GBPCHF currency will successfully continue its upward path until it reaches the first price target in the price range of 1.1760, and it will probably take more time to reach the second price target in the price range of 1.2225.
Thanks
MJ.REZAEI
The EURCAD price trend after the current upward trend is in the range of 1.58, even with partial downward corrections!
Please note that the chart is on the weekly time frame.
In addition, the analysis performed on this chart does not consider the trading entry position and is only considered to express the price target.
Good luck.
MJ.REZAEI
Remember, when I was doing this analysis and setting the high target, the environment I was working in did not allow for such an ambitious idea that the parity rate in the GBPNZD symbol would even come close to my desired price range!!
I must say that since the date of the analysis, this symbol has grown by 800 pips and the final target shows a range of 1600...
The predicted direction of movement for this high-margin currency pair seems to me to be more of a corrective one and I have displayed my desired price target on the chart. If it is in line with your analysis, you can use this price target for your profit limit points. Please note that this is a weekly chart.
Thanks
MJ.REZEI
As I mentioned in the previous article, silver is moving towards the desired target, which is around $40 per ounce of silver. As you can see, this three-month chart and the uptrend drawn and reproduced shows the desired price target near the top of the channel.
If there is a change and an update is needed, I will definitely check and publish it again.
Good luck.
MJ .REZAEI
