NZDUSD Forecast 02 03 2021 After the breakout, the price dropped to support 0.721. This is the June 2020 line. We expect new growth towards resistance. The target is 0.734
AUDUSD Forecast 02 03 2021 Last week the price touched the resistance line 0.7989 and after that it collapsed. During the growth, it managed to break through the resistance line 0.784 and the level 0.777 after which it still stopped at the strong support line 0.771. This support line, like the rest of the lines on the chart, has existed on the chart since...
XAUUSD 01 03 2021 GOLD Gold bounced off the 1726.22 support line and returned to the 1750.38 support line. This is growth after the big collapse that happened last week. The price bounced off a strong support line formed in June /july 2016. From this line, We expect the price to rise to the resistance zone. The price will first fix on the line in the area of ...
EURUSD 01 03 2021 The price dropped from a strong resistance zone, The 10 hour TF shows that the price has been in a strong growing channel for a long time - Falling the price approached its middle near the support level of 1.2014, after which it made several bounces and corrections. Now the price is again at the level in the support zone where the level...
GBPUSD 01 03 2021 The price started to drop from the strong resistance zone 1.418. This zone consists of two lines, one of which appeared in AUG 2018, and the other in 2013! The price collapsed from these two lines at the beginning of last week and is now in the process of a slight correction, however, we expect that after its completion it will continue to fall,...
EURJPY 01 03 2021 From April 2020, the price eventually came to the resistance line 130.23, which appeared on the chart in October 2019. Having touched this line, the price reversed and is now in the process of falling. I expect it to go down to the 127.86 support zone first. This zone is formed by two lines - May 2020 and August 2019. Therefore, I expect that,...
AUDUSD Forecast 01 03 2021 Last week the price touched the resistance line 0.7989 and after that it collapsed. During the growth, it managed to break through the resistance line 0.784 and the level 0.777 after which it still stopped at the strong support line 0.771. This support line, like the rest of the lines on the chart, has existed on the chart since...
BTC chart 4h chart What we see: BTC has had a nice correction and we have found nice support at the 4h demand zone where we have also found support at the EMA200 and we have a bullish divergence . Reason enough to return to the 4h supply zone . If we do not break through this zone I see Bitcoin correcting further towards the S/R zone.
USDCHF Forecast Using trend lines , a clear bullish trend has been identified with strong support and resistance levels also being identified. After a bullish week in USDCHF, prices have reached the resistance level . The last candle was bearish indicating possible bearish momentum coming into the markets. This could indicate a pullback to the support level .
We think gold will make small correction before going down Don't usually analyse gold too much as its too volatile. Think gold is going to climb back to test the mitigation Gold has formed a correction to the HTF supply now turned demand area On a day trade purpose, I expect price to wick up to the LTF base high or key level, identified in gold and grey on the...
From the chart you can see that there are 2 possible areas to short. DXY looks a little ambiguous as well so what we will do is wait and see which way it goes and then jump in on the correction. Want more in-depth analysis? See below for the links. Give it a thumbs up if you like the ideas!
GBPUSD IN FEB, the price was able to break through the strong resistance line that was formed in April 2020. The price broke through it at point 1.292, after which it rallied, touched the local resistance and returned behind the line. This happened at the beginning of today's trading session. Thus, the price returned to the uptrend. And now she keeps falling. So I...
#EURUSD The price is in the zone of intersections of an ascending channel (September 2020) and a falling channel (December 2020). It bounced off at the resistance 1.222 and broke through the resistance at 1.217. I expect to drop to the support level. The target is 1.206.
XAUUSD downhill trend After the breakdown of the resistance level 1872.10. the price moves in the channel. It clearly touches the channel lines. After another fall, she came to support. From here we expect growth to resistance. Target - 1818.27
BTCUSD Bitcoin #BTCUSD Using the December 2020 line as a support every time. It last touched this line 31751.2 in January. Now I expect her to fall to her again. The price will drop to support 40484.5. From this point you can start buying. SL - 34774.4. TP - 57254.9.
EURAUD We are waiting for the price to rise to a strong resistance zone (channel line + 2019 resistance line). And a fall towards support (the lower line of the channel). The target is 1.515.
After a strong support, the price rose to the resistance level 84.103. Then she broke the line, but fell again. I expect the price to continue to fall as it is supported. The target is 83.013.
Commodity Prices and Currency Moves When trying to distinguish the relationships between certain commodities and currencies around the world it helps to realize that situations can change and the relationships are fluid. However, there are some time-tested relationships that have been established over the years that may continue to hold true well in to the 21st...