Price has reached the lower resistance of the Channel that the currency pair had been trading inside since roughly March 2020. At this point there are 2 scenarios possible . Scenario 1 ( marked with yellow) : price crosses the Resistance Zone 77.914 , comes back and tests it before going all the way up till 79.386! Scenario 2 ( Marked with red) : Price...
GBPUSD has been trading inside the given parallel channel since February 2021 . it recently reached one of the significant support zone and is now ready to get pushed to the upside . My final Target is the support zone of 1.34849 after which i expect the downward movement to continue yet again !
Crude oil has been trading inside the given Channel for quite sone time now . At the moment the price seems to be moving inside a small range ( consolidation zone ). once Consolidation is over we can expect further upside movement with 88.57 as the initial Target!
GBPJPY has been trading inside the given Channel since the start of February 2020. The currency pair seems to have entered a correction phase . i expect to see further correction till 50% fibonacci level . But since there is a parallel support zone almost at the 38.2% fibonacci level , i will be taking 154.9 as an initial Target level ! however , the price will...
this currency pair has been trading inside the given Channel for quite some time now .After observing the last week's movement , it's quite evident that this currency pair is looking to sell. hence i will wait for 61.8% retracement to complete and then take a Target for sell after observing a clear rejection of the 61.8% level on the 4 h Chart . My final Target...
this currency pair has been trading inside the given Channel since March 2020. Recently the pair broke through a significant Resistance zone , came back and tested it and now seems ready to go into a buy . Bulls seem strong at this point, hence my final Target is 79.20!!
Gold has been trading inside the given Channel since July 2020. a few days ago the price bounced back up after testing a strong Support zone , after which it reversed as it approached another strong resistance line of the Channel. Last day's movement has confirmed that Gold is seeking further downside movement . With the Momentum still intact , my Final Target...
GBPAUD has been trading inside the given Parallel Channel for quite some time now . the price has reached the upper Resistance of the Channel and has already rejected it . Further supported by the confluence factor , that is , The M- Pattern !! At this point i am looking to sell .My final Target being 1.8530!!
This currency pair has been trading inside this channel for quite some time now . it went and tested the Resistance zone of 78.64 twice and is looking to go down further more. At this point , i am looking to sell ! my final Target being 76.7 !!
XAUUSD has been trading inside the given Channel since the start of August this year and is so far respecting the support and resistance zones of the Channel. it appears that the commodity is heading towards the upper resistance of the channel to test it , only to further continue with the downward movement . As for now , my final Target remains 1761.85.
GBPUSD has been trading inside the given parallel channel for quite some time now . the currency pair still appears to be respecting the channel and trading inside it. i expect to see further downside movement with 1.35900 as my final Target .
GBPCHF had been trading inside the given parallel Channel for quite some now . in the past few weeks it broke the channel and created a W formation. at this point, i expect a Retracement to minimum 38.2 Fibonacci Level before it continues its upward movement inside the Channel again.
despite all its efforts to cross the resistance line of 1820 and go into a buy, gold seems to be struggling . once the Congestion period clears up , i expect Gold to go into a Sell after hitting the Resistance zone of 1818-1820. Confirmed further by the Head and Shoulder Structure that the commodity has created in the past few days . my final Target for now would...
GBPAUD has been trading inside this channel since December 2020. After reaching the upper end of the channel the price started to fall. i expect the price to reach the strong support line in the middle of the channel and then continue its upward move. the move till this support line is further strengthened by the formation of M pattern in 4 hour chart. my target...
This currency pair has been trading inside this parallel since the start of February 2020. the recent movements have made it quite evident that this pair is going to respect the parallel channel and trade inside it for some more time. the currency pair is currently heading towards the support zone of 79.13 , after which i expect an upward movement atleast till the...
AUDUSD has been trading inside this equidistant channel for some months now. 2 days ago, AUDUSD started the upward movement and after hitting the control price ( Resistance) inside the channel seems to be going down towards the lower Limit of the channel to test it again and then commence its upward movement. My final Target remains the same like the last time i.e. 0.7940
AUDUSD has been trading inside this pattern for quite some time . The pair struggled to make a 'break or stay' decision at the lower boundary of the channel for a few days . Yesterday's move upwards confirmed indeed that the pair is tending towards staying in this channel for some more time. Our final Target being the Control Price of this Parallel Channel as...
XAUUSD has been moving in this channel for quite sometime now and it seems to be still moving within it . Considering the latest NEWS and the price action of this currency pair, it looks like we are looking at a bullish market. First Target being the upper end of this channel and if it succeeds in breaking the channel we are looking at the final target of 1803.