Now, the 1.12 zone is a double bottom and a strong support zone. On the other side, the US-Index is reaching its strong resistance zone (97 and 97.5). So, I think the next move will be toward 1.14 resistance zone and now I suggest a buy setup for this most popular pair.
Here we see an uptrend where in level 0.7470 is broken at 1 April. So, I expect and increase in the price value to the level 0.7620. What is your idea?
The pair is seen to complete its correction and then continues its uptrend.
I see that the pair is moving in a channel and this setup may takes more than a month to accomplish. I expect a move from lower side of channel to the upper side, and if the resistance zone will not be broken, then I will look for a short setup in that resistance zone. Good luck.
I see that Silver had broken the upward trend line and a is creating a new downward trend line. I think that Silver will increase for a while and then continues its downward trend to the 14.7 support zone.
Double bottom and double top have made a channel and the uptrend is already stopped. I think this is a range and I follow the orange channel. What do you think?
First, the pair continues to reach 84.9 level after a short term correction. Then, it returns to the 81.8 level to make a range movement.
A midterm short position is predicted for this pair.
The pair is moving in a range mode. A midterm short position is predicted.
The prediction is that the pair is started an uptrend if it make a new higher high above 1.0660 .