Last week's prediction on AlgoUSD went accurately.
As the Algo Foundation is really doing well we can see technical analysises are also in favor of Bulls.
My Last week channel made a new resistance and support level, so I brought the timeframe on daily basis for more accuracy. Wider channel indicates a long run bullish paterns, unless support level is overruned....
As Market is Bullish and lows are getting higher, Resistence is being touched several times and the Bulls are testing new highs.
Within each 5-7 days swings we can see an average of +0.0100 movement. Also new channels are made after every swing under them, where surpassed, for instance 21st of JAN, bearish trends touched support level.
Pay attention to the new...
Note that triangle pattern formed is still going strong.
We can see a channel of 0.40-0.45 in early amd mid February.
Check the resistance level that has been broken and tested yesterday. We might see a new lower candle shadows in "Yellow" drawn channel testing new lows.
Consider Lower lows / Higher highs
