On the daily chart, the euro seems to have hit a new formed resistance which has been tested twice already. I'm expecting price to form a lower high than a lower low to confirm the bearish trend.
Would suggest selling at the break of the pattern if you want to wait for confirmation or you can sell below the resistance line if you're an aggressive...
eur/usd seems to be forming a falling wedge and the wicks seem to be touching the support more than once so I would assume that the market will drive up to higher prices.
I've added two take profits to levels where I think price may touch and then go down.
A Shark pattern is nested in a larger slightly broken Cypher pattern with the possibility of a preceding 5-0 pattern.
The most likely point for bearish reversal is at 0.74406 due to alignment of 0.382 of CD from both Cypher and Shark.
However if price continues moving upward then the half way point for CD of Shark @ 0.75648 becomes relevant due to possibility of...
Larger cypher pattern slightly broken at CD could lend support to bullish reversal from smaller bearish shark pattern and eventually lead to bearish reversal from preceding 5-0 pattern (see previous post)
Pair Currency: GBPUSD Direction Predicted: UPTREND. GBPUSD is looking to go up within the next hours as my chart shows. Bollinger bands and other technical analysis have been used in order to predict an uptrend with the resistance level at 1.2800
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PAIR CURRENCY: GBPAUD TREND DIRECTION: UPTREND GBPAUD is showing an uptrend touching 1.8400. After the last 1hr positive candle, we are projecting an uptrend coming in the next few hours.
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Our beloved Mexican peso is going through a difficult moment, but he has a chance to fight. The uptrend has a very complicated zone ahead, and the time window begins to close.
To achieve the level and close the movement around 19.70, it is necessary a violent movement that at this point looks complicated, unlikely but not impossible.
From my point of view, it is...