BluetonaFX - GBPUSD AUDUSD EURUSD Multi-Chart Analysis UPDATE
Hi Traders!
All three products in our previous multi-chart analysis (LINK TO ORIGINAL IDEA BELOW) have now broken the support levels as we anticipated.
GBPUSD
GBPUSD's ascending price channel is now broken. We are below the support level of the channel, and we are now waiting for a close outside the channel. The 8-week uptrend shown on the 1D chart could now end, and we could be in a possible reversal.
AUDUSD
AUDUSD has now broken below its long-term triangle pattern. The support level at 0.67210 was broken, and we have now entered the previous range zone. The support level at the bottom of the range zone is 0.65953, and if we get a break and close below the range zone, the next long-term target is May 2023's low at 0.64583.
EURUSD
EURUSD has broken below the support level at 1.10120, which was the top of the previous range zone. As we predicted, we are now around the psychological 1.10000 level. If we continue down from 1.10000, we have the long-term support target at the bottom of the previous range zone at 1.08336.
Please do not forget to like, comment, and follow, as your support greatly helps.
Thank you for your support!
BluetonaFX
All three products in our previous multi-chart analysis (LINK TO ORIGINAL IDEA BELOW) have now broken the support levels as we anticipated.
GBPUSD
GBPUSD's ascending price channel is now broken. We are below the support level of the channel, and we are now waiting for a close outside the channel. The 8-week uptrend shown on the 1D chart could now end, and we could be in a possible reversal.
AUDUSD
AUDUSD has now broken below its long-term triangle pattern. The support level at 0.67210 was broken, and we have now entered the previous range zone. The support level at the bottom of the range zone is 0.65953, and if we get a break and close below the range zone, the next long-term target is May 2023's low at 0.64583.
EURUSD
EURUSD has broken below the support level at 1.10120, which was the top of the previous range zone. As we predicted, we are now around the psychological 1.10000 level. If we continue down from 1.10000, we have the long-term support target at the bottom of the previous range zone at 1.08336.
Please do not forget to like, comment, and follow, as your support greatly helps.
Thank you for your support!
BluetonaFX
