The price has been in an uptrend since last October. At the end of February, there was a strong breakout of resistance, but the price returned to the trend and is now at the support level without touching the trend border. It can be expected that the price will rise to the upper border of 78.78 and then fall back to the 77.25 level. SL - 76.77 Remember, there is...
I am extending my previous forecast as gold has reached my intermediate target - the 1684.49 support zone. Hence, we can expect growth to the resistance line 1774.33. SL - 1649.22. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
After a short rise, the price of this currency pair fell again. Considering the price movement since December, one can find the "Cup with a handle" pattern. This is an inverted reversal pattern. We have a prior trend (growing). This means that after completing the pattern (and it has already happened), the price should break through the base line and collapse by...
The price rose from the support trend line as we expected last time, after which it made two small corrections, consolidated at the level and now we can expect its growth to the previous high of 129.89. SL - 128.9. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
In addition to the main price levels uniting price extremes on the chart in February, additional trend lines were formed for a slightly downtrend. The price is at the lowest of them - support at 0.976. It can be expected to rise to the resistance of 0.982. SL - 0.973. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
At the moment, you can break through our past forecast. The price is still moving in a downtrend and, even though it has made a slight correction, has returned to the decline again, so my previous pivot is still in effect. We can expect the price to reverse near the support zone 1689.45 and rise to the level of 1770.99. SL - 1648.22. Remember, there is no place...
Continuing to fall in the downtrend formed in September last year (if we do not take into account the correction in November after which the price returned to the fall), the price fell into the zone of correction between the levels of 0.871 and 0.859. It can be expected that after a correction to the lower level, it will rise to the upper 0.871. SL -...
During the growth in the ascending channel that formed in September 2018, the price approached the important price level - 1.432. This is the point of the highest price since 2018 (it had more volume only in 2016). We can expect the price to bounce off the lower border of the channel + level 1.386 and rise to the high of 1.432. SL - 1.374. Remember, there is no...
At the end of December, the price showed a strong growth. Upon completion of this growth, it continued to move within the two price levels 0.988 and 0.973. And this movement was not very stable with large intervals. Now the price has come to the level of 0.988 and it can be expected that after the touchdown it will collapse. At least to the lower border of the...
Yesterday we expected the price to rise from the support level and the price did indeed rise. So today it makes sense to extend our forecast. I expect that the main price movement now is growth after a strong fall. But gradually. The price will reach the level of 1.214. SL - 1.205. Remember, there is no place for luck in trading - only strategy! Thanks for the...
The price has been moving in a global downtrend since July 2020. Despite the fact that there are also local lines inside the channel, now the price has approached the channel boundaries and they have a greater influence on it. We can expect the price to bounce off the channel border at 1.518 and rise to the level of 1.536. SL - 1.513. Remember, there is no place...
Since the beginning of this year, the price has been showing a very volatile movement with large spreads in the lows and highs. On this period of time, it is controlled by two main lines + a line of breakout highs. Recently, the price has broken through the resistance line 1.268. It fell to the level of 1.261 and is now reversed. We can expect the price to...
Continuing to move in an uptrend, the price made false breakouts several times, and both of them in February. At the same time, one of the breakouts was quite insignificant, while the second one, last week, could lead to a breakdown of the trend. But the price returned to the channel again. It can be expected to fall towards the 84.07 level. SL - 84.98. Remember,...
Yesterday I was mistaken in thinking that gold is already ready for new growth. The price broke through the strong support zone and continued to fall. Nevertheless, I still believe that the fall should end soon. The most difficult moment is where to find the pivot point? The closest possible, in my opinion, is 1670.05. From it the price will rise presumably to...
Throughout the last week, the Eurodollar price has been falling from the position of 1.222. At the end of January, we saw a similar fall, when the price collapsed by a large volume over the course of a week. The last time after such a collapse, the price recovered the entire volume over the next week. Now we can expect at least a correction that will start from...
The price collapsed and touched the 0.723 price level. At this level, we can observe two attempts at once for growth and correction. Now the price continues to fall and can be expected to fall to the price fall of 0.717 and then rise to 0.724. SL - 0.725. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
At the moment, the price has left all really strong lines of the chart after the collapse. It pushed off the 0.769 support line - the line of the beginning of this year. And now correction to support and growth to resistance is possible. The target is 0.781. SL - 0.763. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
Over the past week, gold has seriously collapsed, breaking through several major price levels. But judging by the jump in growth, we can assume that the fall is over and the price is ready to rise. Now gold is in a very strong support zone at the intersection of three lines. therefore, we can expect its growth to the price level 1815.89. SL - 1713.32. Remember,...