We continue to expect the price growth from the support zone. In my previous forecast, I said that the price will take advantage of strong support and begin to grow. And the price is still in the process of forming this forecast. Since the zone turned out to be quite strong, the price does not make sharp movements yet, continuing to move within it. Let me...
In recent days, the price has come close to a strong resistance line that has existed on the chart since 2019. Now the price is within this line at position 1.192. The price came to this point during the growth from the support level and I am sure that this impulse will be enough for it to continue its growth and touch the resistance line in the 1.194...
Last time we discussed with you that the price that at that moment came to the support zone will continue to move in this zone and then start to fall. Now the first part of the forecast is being fulfilled - the price has come to the resistance line and is moving along it. This resistance line formed in the summer of 2020 and has been correcting the price...
The price continues to move between the support and resistance lines in the wedge pattern. However, the price movement was influenced by a small resistance zone formed between these lines - around 80.2 Right now the price is falling from this zone and I expect the decline to continue all the way to the 79.2 support line. This support line has existed since May...
Most recently, the price broke through the support level and moved higher towards the resistance line. I want to remind you that these level and line together constituted a rather strong resistance zone. Since the line has existed for more than half a year - since May 2020 - and the first serious breakout happened only in October, when the price fell...
EURCAD is trading in a descending triangle on 4H. The price has formed a nice dodji candle once it reached its falling trend line. On hourly the price has formed a head and shoulders formation and successfully broken its neckline. Now bearish continuation is expected to support of the triangle. Goal - 1.547
Hey tradomaniacs, looking at SPX500 we might get a great chance to buy very soon if the current breakout continues. The consolidation seems to be done soon with the previous breakout and could attract more bulls to take action. Buy-Zone would be above the resistance-zone and trendline (b) which is a high liquidity-zone looking at market-depth. Keep in mind...
Gold - Intraday - We look to Sell a break of 1788.4 (stop at 1805.5) We look for losses to be extended today. Prices are extending lower from the bearish flag/pennant formation. We can see no technical reason for a change of trend. A break of 1800 is needed to confirm follow through negative momentum. Our outlook is bearish. Our profit targets will be 1736.6...
The bulls gather strength In our analysis of November 14, we assumed a reaction high (November 16) with counter impulse until around November 27. Contrary to the opinion of some market participants, there was a dynamic downward reaction immediately after the high on November 16th, which broke through the support level that had existed since August and exactly...
• Double top at 19500 • Market entered correction • Hovering around 23,6% • Next target for sellers is 23,6% at 17183 followed by support turned resistance at 16440 and finally the 38,2% at 15788
The price continues to form the movement of the previous forecast - namely, to rise to the resistance level. And I still expect growth. My expectation of growth is supported by the support zone 1814.82, where the price is now. This zone is formed specifically by the zone - we can see how the price moved in it in July. As well as the support lines that have...
I would like to remind you of my past forecast for this pair as it came true. The price, as I said, continued to grow and already touched the resistance line, thereby completing half of the way towards our target. The price touched the resistance line at 1.194 as a shadow from the candlestick. And then it turned around and it is already clear that it began to...
According to my previous forecast, we opened a buy trade and it went just perfect, bringing us 230 pips of profit! After the deal was worked out, the price fell, and now it is working out the growth again. In the course of this growth, the pair managed to break through the support line 123.841, but now we see that it approached the resistance line. These two...
After touching the support line on November 6, the line rose rapidly to the resistance line, closing all positions in literally one movement. And this means that my simple = early forecast came true. Now we see that the price drop from the resistance line stopped at the small support line 103.754. The price bounced off this line and grew, however, before...
Recently, the estimate was able to break through the support line, within which it has been moving since the beginning of summer and June 2020. This is a rather serious breakout, since before that the price went beyond the line only by the candlestick. Almost immediately, however, she found herself in a resistance zone. This resistance zone has existed since at...
The price recently broke through the resistance level and fell towards the support zone. We saw a similar situation in August. Let's take a look at it. After several touches, the price breaks through the level 92.181 and falls, but then starts to grow again and returns to the level. Right now, the price is at the same level where the fall stopped last time and...