This is what I see for the next movement of this pair. Note: This is not a signal. Even though it looks like a signal.
The movement has not been able to penetrate the ema 100 line. The channel formed is a forwarding channel, rising wedge. If this last 4H candle is closed below the green candle, it will be a strong signal for this pattern to be succeed when the support channel of the pattern succesfully broken.
The movement has successfully broke the support channel of rising wedge, but followed by low volume, there is a potential for failure. Watch when London and America sessions open.
This currency pair has created a history of new low, as well as other currency pairs such as GBPUSD. On this pair I saw the possibility of a rebound after seeing the formed candle shapes. On weekly timeframe, the last two candles formed rejection candles, green candles with a long lower tail. On daily timeframe, the last 2 candles formed bullish candles that...
It looks like a triple top. This scenario above could occur if conditions are met. If not, then the next potential is the reverse, triple bottom. For this case is a continuation of the trend.
After the support line has broken, the next support level to be tested is at 1.0300. Will the lowest price in January 2015 reoccur? Seeing the trend is certainly potential, but it cannot be predicted as early as now, seeing the distance that is still so far away, and the lines that need to be traversed.
The price has reached the resistance channel and looks like it is stuck on the horizontal resistance line, the last candle formation is a bearish spinning top. The price movement that is stuck on the resistance line and the spinning top candle can be an early sign of a reversal, but it still needs further confirmation. There is still a possibility of the price...
My prediction about this pair is still the same as before, falling target is still at 1.590. Previous analysis can be seen on the related link below. It was made based on harmonic patterns. As the pair's downward trend progresses, new continuation patterns are formed, as shown in the figure; Head & Shoulders, Bearish Flag. I have not found any indication of ...
Most of my analyzes are based on chart patterns. Chart patterns for me have good accuracy. On this currency pair, based on the falling wedge pattern, the price may fall to 44, this target is conservative. Falling Wedge is one of Reversal Patterns. Of course all predictions / patterns can be missed. If you look at the current movement, bearish is so strong,...
Rising of USD against the Cad was initially marked by some patterns. Inverted Head & Shoulders pattern and Falling Wedge pattern. Referring to the inverted H&S pattern, (target price can be seen in the picture) the target is at the resistance that should've be strong. But when referring to the falling wedge pattern, (target price can be seen in the picture) the...
The first Head & Shoulders pattern, it's clearly confirmed with the neckline breakout. Likewise the second. The target price is determined by measuring the distance from the head to the neckline, then the target starts from the neckline that is breakout. The first pattern, the target price is around 819 pips, which is around 479 pips have been reaching,...
Flag patterns like this should be a sign of the continuation of the trend, if this pattern does not deviate. And there seems to be no indication of deviation. Pola bendera seperti ini harusnya pertanda kelanjutan trend, jika pola ini tidak menyimpang. Dan sepertinya tidak ada indikasi penyimpangan.
The support channel was successfully broken by leaving a gap on around the line. A very strong breakout. With that, I see that the price would not turn upwards to test that level in the near future before reaching the next support point. The chart forms a descending triangle pattern. Not only that, if you look at the weekly timeframe, you will also see a head...
What do you think ? Is the current GBP fall deep enough for a virus? It's unclear when it will end. It seems like it just started.
Price movements are already above the downtrend line. If you look at current price movements, it looks neat following the existing uptrend channel. Existing candle patterns also indicate bullish movement. There are no signs of reversal yet. The EMA 100 line is already below the price, and looks to be support.
I see a possibility of a large decline in the value of GBP. Current support as shown in the figure is crucial support for GBP. That support is the lowest prices on GBP so far, which have been tested repeatedly to form a triangle pattern. If that support could no longer refute GBP, then a decrease of + -2300 pips is the target, which would make the USD more valuable.
It seems I made a lot of mistakes in the previous ideas about this pair. Previously I saw a pattern formed as a flag, but apparently after I looked back, the result was a Descending Triangle. I once made a post about what the pair's movements might look like in my first idea, you can see it in the related link below with the title " GBPUSD - A Little Story "....