After months of gains, GBP-JPY could start a bearish trend or correction on the monthly time frame. GBP-JPY is moving towards the SOB zone to collect liquidity after failing to break the previous bottom at 116.837 and according to the price-time behavior pattern, it seems with a good probability to witness a correction or a downward trend in the price zone of 203 to 208.
If the calculations were done correctly, the possibility of creating a correction or a downward-corrective step for the Euro-Dollar is conceivable.
Today, despite the correction in the downward movement of the dollar index, gold continued its progress and created a new historical ceiling, it seems that an S pattern can be considered for the movement of gold in the four-hour time frame, which has met. Do you think the psychological resistance of 2200 can temporarily correct gold downwards?
USDJPY: On the daily time frame, after hitting the middle line of the horizontal white channel, it cannot return to its upward purple channel. Therefore, it can hunt for twin ceiling after collecting liquidity. If it turns, it will most likely lose its last support and enter a long-term downtrend
In the daily time frame, usdjpy could not break its previous ceiling and weakness in the power of buyers is observed. In the weekly time frame, the price is in the range of the ceiling of the descending channel and the ceiling of the ascending cycle, and it seems that we will see a correction in the weekly candles: either a large correction after collecting...
Bitcoin reached its all-time high of 69,000 in the weekly time frame and we expect one of the following two scenarios to happen for Bitcoin.
The DAX stock index is approaching the overlapping zone of bullish targets, and we expect to end our move by recording the historical ceiling in the overlapping zone and FTR doing for the broken ceilings.
Due to the fact that gold did not achieve the previous weekly analysis and created a new ceiling for itself, scenarios for the monthly time frame are considered and shared with you dear ones.
On the weekly time frame, gold has reached a range for which correction is possible, provided that at the end of the week, the weekly candle closes with a shadow similar to or greater than the one created in the live market.
In an uptrend movement, oil will move toward the specified goals with a good probability, and in case of normal movement, around the specified time limits, we can wait for the realization of the bullish goals.
DAX is approaching its sell zone in the weekly time frame, and due to the filling of the time frame, we can consider the possibility of reacting to this zone.
Gold has approached the sell zone with an upward movement, which was considered in the previous analysis, with high risk, it is possible to use the two types of positions shown to open a bearish position to achieve any of the objectives considered, with stop trailing.
Due to the weakness of the trend and the imbalance in the two-hour candlestick, there is a possibility of seeing two specified goals of balance in the chart.
If this harmonic pattern is confirmed, a corrective reversal is conceivable to complete a bullish S pattern, the likely time for a resumption of the bullish movement is indicated if this analysis is valid.
If the calculations are correct, the possibility of a correction of several weeks for this digital currency is imaginable, and then two scenarios of re-strengthening or creating a downtrend have been identified with several assumptions.
If the considered cyclical and balanced behavior is correct, the opened position can with a good chance bring itself to equilibrium TPS, especially the third of them.
According to the past analysis and the current behavior of gold in this week, we consider the probability of reaching the point of 2050, perhaps around 2065, higher than numbers below 2000.
After making a new low, gold is moving in an uptrend move towards the supply zone and the high of its descending channel. We hope that a new high will be formed in the zone we are looking for and it will fall towards the desired targets when the time and price container is filled