Fibonacci
Currently in a nice level of FIB on IBM.🔉Sound on!🔉
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Forex Price analysis - GU, AU, UC, UJ and CJWelcome to this week's Forex Price Analysis for the week starting June 30, 2024. We're analysing GBPUSD, AUDUSD, USDCAD, USDJPY, and CADJPY.
GBPUSD:
The bullish wave structure is broken.
High probability sell at 1.2654 targeting 1.2612.
AUDUSD:
A bearish wave suggests a buy at the low.
A strong rally on Friday.
Prefer buying after a correction to the 0.6640 buy zone.
USDCAD:
A bearish move on Friday indicates a revisit to 1.3734.
Expect lower prices to 1.3627 before buying.
USDJPY:
Strong uptrend last week.
Bullish wave failed; trend change pattern with a corrective wave in Fibonacci sell-zone.
Trade below 160.70 suggests further decline.
A break above 160.96 negates selling.
CADJPY:
Similar to USDJPY.
Potential downside after Thursday's high.
A strong break of the high on Friday suggests an uptrend continuation.
A break below 117.43 indicates a selling opportunity after a pullback.
HSI short: Triple combination going on C wave of Z waveOn a very high level, I am expecting HSI to start moving down again on a triple combination correction since Jan 2018. Of course, you can consider it as a major ending diagonal (3-3-3-3-3).
Where we are right now is the last down move that should breach the low made on 2nd Nov 2022. The entire move should take us to Q4 of 2024 at the soonest.
Trade with caution, and Good Luck!