GBPUSD is currently holding above ascending trendline support. A further push up above our entry at 1.39490, where we have 23.6% Fibonacci retracement towards our take profit at 1.40202 where we have -27.2% Fibonacci retracement could be possible. Technical indicators are showing room for further bullish momentum as well
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An impulse in the breakdown of resistance after consolidation. I'm waiting for the price to rise, because gold in the long zone, trading above the resistance level . Target - 1859
My past forecasts on GOLD 👩💻
The uptrend continues after exiting strong accumulation.
The price is trying to break through the price channel upwards, thereby increasing the distribution movement,
I think that a slight rollback to support with further growth is possible.
Actual target - resistance 1.90
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✅GBPAUD №1 ✅GBPAUD №5
✅GBPAUD №2 ✅GBPAUD...
EURUSD setup is fairly simple. There may be early indications for USD weakness prior to the Fed monetary policy. Based on the daily chart the price is expected to target 1.1044. The lower support may be re-tested (around 1.0980) when the monetary policy is released but is expected to hold.
The analysis is intentionally kept short and simple.
USDCAD is testing its resistance at 1.3115 (100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 1.3064 (23.6% Fibonacci retracement, horizontal overlap support)could.
Stochastic (55, 5, 3) has reversed off its resistance at 96% where a corresponding drop could occur.
EURUSD is approaching our first resistance at 1.1693 (horizontal overlap resistance, 38.2% Fibonacci retracement) where a strong reaction might occur below this level pushing price down to our major support at 1.1597 (horizontal overlap support, 100% Fibonacci extension, 76.4% Fibonacci retracement).
RSI (55) is also seeing a bearish exit and we might see a...
I like the idea of selling this pair before buying. I think we can get a quick 50-100 pips of sell off towards the weekly and daily pivots before it starts to rally.
If it breaks below 1.2790 look for a quick move into 1.2740 and beyond.
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5 BULLISH IMPULSES HAVE BEEN COMPLETED ON THE 2H CHART ALSO A BREAK ON THE 4H TRENDLINE MAKING A NEW LH AND LL WITH A HEAD AND SHOULDER PATTERN ON THE 2H CHART
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