Good morning, it seems that we start to see the correction in the first term of this pair, and then perhaps give way to a change in trend. This occurs precisely when finding a support and at the same time forming a clear shark pattern. The total fall of this pair was 6% which is why I expect a growth of at least 2% until the following areas TP1 1.6535 TP2 1.6675....
Thank you very much for reading and collaborating. In this pair we are observing a very important pressure due to the war between Russia and Ukraine, which caused a downward movement of the GBP and an upward movement of the AUD. The first, because it is a NATO member and is close to the conflict zone, the second, because of the revaluation of refuge assets, which...
Since 8/11 the price has not stopped rising (+ 6.17%), only a small correction of two days before continuing to the resistance located between 2.0120 and 2.0260, old high of August 2020. If we expand the chart further, we can see a very clear shark type pattern, this adds to the resistance that it will find between today and the next 3 trading days, for which, I...
There are two possibilities to go long. The first is at the current, 0.8354, and the second is at the all-time low since December 2019 at 0.8280. In both cases, I expect a price reaction for at least 3 weeks. If you liked this idea, follow me, thank you. THE TARGET IS 0.8465.
Analyzing the behavior of this pair over time, it would not be strange that after this succession of 2 weeks bullish, it returns to the bearish path for at least 2 weeks. It is my thinking basically because the demand for dollars is going to decelerate due to the constant inflation that it is having and that will continue in the medium term. A shark pattern is...
If the price does not break the resistance indicated between 1.9704 and 1.9811, the consolidation of the resistance zone with the double top is expected. In turn, this would push the price to the first support at 1.9557 and the second to 1.9497. On the contrary, if the resistance breaks, we will be facing a bull market supported by the new daily support.
We can see a possible double top formation, if this resistance break does not occur, we will position ourselves short with the TP at 1.2619
TP A 0.9478 In the coming days, a price growth in search of resistance is to be expected. There is a possibility of a temporary pullback to the OB starting at 0.9278 as I have not yet touched this point where there are a lot of buyers. Please follow me if you liked this idea, thank you.
In previous days we have seen how this pair failed to cross the resistance zone, it immediately began a bearish movement that stopped at 1.1990. Now I expect a good bullish move at least until the first resistance at 1.2101.
There are two long possibilities, the first until 1757 and the second, until 1800, until returning to the bearish channel.
We can see the continuation of the ascending channel since September 2020, now the pair is at the upper limit and faces a resistance that is there since January and February 2020. In case of not breaking this resistance, a retracement is expected to 142,600 in first term, and then to 141,500. On the contrary, if it breaks the resistance, it would go up to 147,500.
We can see how this pair is reaching a very important resistance zone, mainly caused by the weakness of the dollar and not the strength of the euro. I expect a major drop from this area to its first stop at 1.2070.
In the coming, we will see a delay to temporary support at 1.825. If it pierces that support, it will continue to drop to the most important temporary support at 1.770. In case of not piercing the support of 1.825, it will rise to at least 1.851 where its resistance is.
After the announcements from the Bank of England, we could see a meteoric rise of all GBP pairs, in this case, I think it grew to the maximum where it could. Now I expect a continuation of this bearish channel.
This pair is moving in a bearish channel since 11/27 and reaching a support zone, I expect a rebound in the indicated zone for a buy entry. if you like this idea please like or comment, thanks.
It is very likely that this pair will retest the resistance zone that has been there since 2019, if it does not pierce it, it will initiate a fall first to 71.58. Then it will go up to 70.83.
The harmonic pattern was almost fully formed, which is reaching the support formed in December 2019, I would expect a good bullish candle as an entry point after a bounce in the support zone. If you liked this idea, please like or comment, thanks. FIRST TP 8.8026 SECOND TP 8.9740
While a resistance breakout is likely, we must be on the lookout to enter a sell if there is a bounce in it and the 4 hour chart looks more possible.If you liked this idea, please like it. Thanks