At the end of November, during a long and steady decline, the price came to the support level 0.898. I struck it, fixed myself and rebounded. The level served as a basis for the price to break the previous downtrend and start rising. For the last month, the price is characterized by uneven jump-like movements with sharp drops from growth to collapse. Corrects...
Hello, Traders! DXY, The Dollar Index keeps falling It takes looking at the 1D timeframe to see the next support level 89-88 Till then, we might see some pullbacks, but the first real support is there So looking at the chart, it seems like the dollar will keep falling Before it reaches this support, and only then will reverse and go UP Buy from support...
The sellers exceeded our first target, which we wrote about in the previous idea . Fear of losing the sweet growth trend forced buyers to launch a counterattack. However, we expected to see high volumes near the trend line. Now sellers have clearly outlined the channel of the fal. The prospect of falling prices to the range of $510-520 remains...
Usually we consider the movement of this pair to more TF, but now I want to focus on the hourly movement of the euro-dollar. As you can see at the end of November, the price received a strong growth momentum, broke through the historically strong support level and climbed to the next resistance line 1.217. After that, through pullbacks and corrections, a decline...
In May of this year, the price received a strong impetus for growth in a short period, rising to the resistance line 0.657. Subsequently, this line will become the determining one for the price movement. Since May, the price has been moving in an upward trend, but its growth is regularly stopped by the resistance line. The price managed to break through this line...
After the price bounced off the support line at 79.31 on November 22, it showed a fairly steady rise. During this growth, the price was able to break through a small support-resistance zone, which formed at the highs of the chart back in August. The zone served as a correction for the price, but after that the price returned to growth anyway and as a result the...
Since the beginning of autumn, the price has been moving in an upward trend, the corrections of which are determined by several lines at once. This is a small resistance line from October and a support line from July and September. Recently, the price just touched the resistance line 12670.0 and dropped sharply to the support line 123411.8. Despite the fact that...
Link is trading near a support zone in a falling wedge nested within a ascending parallel channel. This zone corresponds with support from the volume profile and the 0.382 fib retracement level. It is also exhibiting RSI divergence and is oversold on the Stochastic RSI. If it finds support, we can expect it to maintain its uptrend within the parallel channel.
The price has been moving in a global upward trend starting this fall. At the same time, its movement corrects two strong lines - support and resistance. The price made the last major breakdown of the trend in October, falling behind the support line, but returned back within a few weeks. For the last month, the price moves exactly between the lines without...
OANDA:AUDNZD Key Points: 1. 4h Falling Wedge Pattern. 2. Price near Psychological support. 3. Wait for sharp break of Falling wedge resistance trendline. Possible two trade scenario. Both choice for buy and sell. What do you think?
All my forecasts for this currency pair since the beginning of the month have come true. Price sequentially: First, it returned from the resistance level to the support line. Then she took advantage of this line and began to grow. And recently it has risen from the support level to the resistance line - there it has worked out a signal to buy plus. And...
The price is moving slowly, so the picture has not changed much. Since July, the price has been moving in the "Wedge", gradually shortening the fluctuations - changes in growth and decline become less and less as the support and resistance lines (both strong) approach each other. I still believe that the price will continue to fall. Therefore, I expect that...
The price of this currency pair has already reached the second growth target, which I spoke about since the beginning of this week. First, she pushed away from the support zone. And then it reached the nearest resistance line. And I expect the price to continue moving up. What picture do we see on the chart now? The price continues to grow and it has come...
To begin with, I want to remind you of my past forecast for this pair, which came true. I wrote: "The price has so far entered the descending channel and after breaking it approaches the lower channel line - the support line. I expect growth from her." And we can see that now the price really touched the support line and rose from it to the resistance line....
The price has reached the crossing of the resistance lines. She has been going towards this since late last week. Which is what I said in my forecasts. Here they are. And they came true. We talked about the price increase from the support line in two stages. 1. The beginning of growth 2. An excellent signal with a profit of 100 pips. Now the price is on the list...
As we can see, since July, the price has been moving in the "Wedge", gradually shortening the fluctuations - changes in growth and decline become less and less as the support and resistance lines (both strong) approach each other. Most likely, soon the price will finish forming the pattern and leave it. But so far we can see that it has come to the resistance...
In my previous forecast, it was said that after breaking through a strong support line, the price should return to this line and then rise. As we can see, the price did not even need a large correction - almost immediately after the breakout, it went up. This was expected as the support line is very strong and has existed since 2008. The fact that the price was...