UnknownUnicorn15614419

UnknownUnicorn15614419

Over the past year, the price was able to rise and break through the historically strong level of 1.161. after which it continued to grow in the trend (from March 2020) and eventually came to the moment of the trend breakdown at point 1.234. After that, in the fall, the price formed a channel. During the fall in this channel, the price broke through the main trend...

UnknownUnicorn15614419

The price growth has been maintained since March 2020 - the movement formed a trend, which is based on the support and resistance lines, formed also in March. In February, the price collapsed from a strong resistance zone (trend line + level) at 1.424 and formed a small trend - the Wedge pattern. Now the price is at the support zone 1.378. During the past week,...

UnknownUnicorn15614419

In February, the price began to fall at the intersection of two trends from the resistance of 0.998. At the same time, the senior upward trend that has existed since December 2019 changed to a downtrend, which continues to this day. The price has already approached one of the main support levels - 0.974. It can be expected that it will rebound from it to the...

UnknownUnicorn15614419

Answering the question in the title - we can expect that the price will bounce off the support, since this is a strong level. It was from this level that the price began to rise last spring at the beginning of the pandemic. And it is part of the support zone that the price came to in early March. So after the price dropped from the resistance at 1736.63 to the...

UnknownUnicorn15614419

As we expected yesterday, the price dropped to support 1.169. This is a small downtrend line that was formed at the beginning of the year after the price bounced off the resistance at 1.232. And now we continue to expect that the price will bounce off the support and start growing in the channel (the first stage of the long-term growth forecast). So our target is...

UnknownUnicorn15614419

The price has been moving in a downtrend since summer 2020. During this time, it was able to break through the historically level 1.302. And now it is at the resistance 1.262. Now you need to wait for the next price move, namely to see if it breaks the line or starts falling from it. Depending on this breakout, the price can: 1 - rise to the level 1.302. 2 - fall...

UnknownUnicorn15614419

The smoke price of this pair is showing a rapid rise since March 2020. Therefore, let us consider how this movement correlates with the price movement in recent years (starting from 2015). In 2015, a strong resistance line was formed (the price is now close to it). The support is the historically strong level. In general, the price forms a huge triangle. It can be...

UnknownUnicorn15614419

Yesterday gold finally moved off dead center - resistance zone 1735.45 in which the price stood for almost two weeks. I have to update my previous forecast, because, contrary to my expectations, the price did not begin to rise to resistance and immediately began to fall. The main reasons for the fall are 3: - General downward trend amid world news - Strong...

UnknownUnicorn15614419

As you remember yesterday, we looked at the price movement in the main channel, which has been moving since 2019. Now let's pay attention to the shorter movement since October 2020. At that time, the price bounced off the 1.162 support level and grew up to 1.234, where the trend was eventually broken. After that, the price began to fall, during which another...

UnknownUnicorn15614419

In mid-March, the price broke through the resistance at 0.717 and thus left the main uptrend that had been in effect since March 2020. During the fall, the price formed a small almost vertical descending channel, and now we can expect that it will continue falling in this channel and eventually go down to the support zone of 0.678. SL - 0.712 Remember, there is...

UnknownUnicorn15614419

The price has maintained an uptrend since April last year. At the same time, within the trend, it regularly works out corrections, which can be formalized in the form of bullish patterns. Most often this is a wedge or descending channel. Trend continuation patterns. The last such pattern the price started bouncing off the main resistance at 0.795 in February. And...

UnknownUnicorn15614419

For the last two weeks the price has been at the resistance line 1738. This line is formed inside the downtrend, which has been maintained since August last year. Like last week, I expect this pause to be just a correction to the overall rally that started in March from the 1680 support. The price can be expected to rise to the 1765 resistance. And only after that...

UnknownUnicorn15614419

At the beginning of this year, the price started falling from the resistance of 1.232. This movement became decisive as it broke the uptrend, which has been continuing since 2019. During the fall from resistance, the price was able to break through the support at 1.186. And now we can expect a correction to the resistance zone of 1.189. Then the fall to support...

UnknownUnicorn15614419

Since 2007, the price has been forming the 2 Descending Triangle pattern. "You can see repeating elements. An ascending channel, then touching the resistance line and a collapse at the support level. There were two such collapses in 2007 and 2015. However, since March last year, the price has been in an ascending channel. and has already touched the resistance of...

UnknownUnicorn15614419

Last week the price touched the support 75.71. To which it collapsed from the resistance of 78.87. This collapse indicates that the price is ready to continue falling. Since this is the biggest drop since November last year when the price rallied from the strong support at 69.15. Now we can expect that after the rebound and correction the price will break the...

UnknownUnicorn15614419

And for the fifth day, the price has been in the resistance zone of 1724.25. At the same time, it moves between the borders of the zone as a whole, keeping the downtrend. And yet, such a long pause in the correction zone may indicate an impending growth. Why growth? In a trend that has lasted since August, periods of falling are clearly visible, differing in...

UnknownUnicorn15614419

As we said yesterday, the price fell to the 1.176 support zone and has already shown a slight increase from this zone. The very support is the line of the falling channel, which has been preserved since the beginning of this year. It is also crossed by the support level, which gives the price additional growth. However, this growth in any case is only a correction...

UnknownUnicorn15614419

Let's look at this pair at a smaller timeframe to predict the nearest movement. It can be seen that the price has been falling in a downtrend since February this year. Within the trend, periods of price collapses are clearly visible after each of which the price showed an increase (sometimes with corrections). Recently the price bounced off the 0.953 support and...