If 147 continues to hold It wouldn't surprise me to see the bulls make a run at some higher levels. If they're really serious I could see 160 being hit over the next months/year or so.
USDCAD which has been on a downtrend had broken our weekly support key zone now turned resistance, retraces coming back to retest, gives us a double top inline with our ema, rejection at 781 fib level, we will wait for it to break our ctl before looking to go short, but there are a lot of confluences inline already to make us consider going short. Knowing how to...
GBPAUD has broken and retested our resistant turned support zone on the daily chart, closed previous day candle was a shooting star pattern rejecting on our ema. And also considering that audusd and gbpaud negatively correlates, audusd is in an uptrend, so we expect gbpaud to drop likewise, with other technical analysis i will not clearly state here clearly for my...
I have been watching gbpchf for a while now, going in depth to the technical analysis , you will notice that a very strong trend line on the daily candle has been broken, after giving us a reversal head/ shoulder pattern inline with my monthly support region. This rejection and reversal pattern here tells me there is bound to be a reversal, looking at the daily...
The GBPUSD looks to be completing an ABC pattern . At around 1.283 we have the AB=CD level where we are expecting to see some signs of supply entering the market. If prices break and close strongly above 1.283 we will be looking towards 1.300 zone which represents the 1.27 AB=CD.
Expecting the market to wave upwards so as long as prices remain above ...
