XAUUSD🤑 Local resistance level?📈An additional signal in favor of raising the XAU / USD quotes will be a test of the support area on the relative strength index (RSI). The second signal will be a rebound from the upper border of the bearish channel. Cancellation of the option to raise GOLD prices on October 21, 2021 will be a fall and a breakdown of the level of 1705. This will indicate a breakdown of the support area and a continued fall to the area below the level of 1675. Expect an acceleration of the rise in XAU / USD quotes with the breakdown of the resistance area and closing of the price above the level of 1815, which will indicate a breakdown of the upper border of the "Triangle" model and the beginning of the pattern.
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Fxsignal
USDCAD❗Retest resistance level⚡An additional signal in favor of reducing quotes will be a test of the resistance line on the relative strength index (RSI). The second signal in favor of the fall will be a rebound from the upper border of the descending channel. Cancellation of the option to drop the USD / CAD currency pair at Forex will be a strong growth and a breakdown of the 1.2595 area. This will indicate a breakdown of the resistance area and a continued rise in quotations to the area above the level of 1.2865. It is worth waiting for confirmation of the pair's fall with the breakdown of the support area and closing of the USD / CAD quotes below 1.2265.
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USDJPY💲Sidewayse range📈USD / JPY four-hour chart. The currency pair failed to reach the target at the reversal level of 114.84. Sellers have increased their activity and are now trying to push through the resistance level. If the support level is broken, the price is likely to continue moving down in the direction of the daily super trend line.
Trading solutions: sell 114.35 take profit 113.28
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EURUSD💲Reversal level❗The four-hour chart of the EUR / USD pair. The currency pair continues to trade near the support level. Buyers are increasing upward pressure, so the level may be broken in the near future. Recall that earlier the price bounced up from the reversal level and, as part of the reversal pattern development, the next growth target is the main support / resistance level of 1.1719.
Trading solution: buy 1.1625 take profit 1.1719
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BTCUSD💲Bullish mood📈Bitcoin breaks all-time highs as well as $ 65,000 resistance. Bitcoin made a new record of $ 67,000 and tested support again. At the moment support is $ 63,500-64,500, and after that - $ 60-61,000. BTC is currently in pricing mode and we accept the round numbers as psychological resistance. The next resistance is at the $ 70,000 and $ 75,000 levels. We will see high volatility in the coming days.
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Your Solldy.
XAUUSD🤑 Retest support line📈XAU / USD quotes continue to move within the correction and left the descending channel. At the time of the publication of the forecast, the price of GOLD is 1779 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the asset and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a decline and test the support level near the 1760 area. Where can we expect a rebound and a continued rise in the price of GOLD with a potential target above the level of 1835.
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USDJPY❗Resistance level📈USD / JPY four-hour chart. The currency pair held above the four-hour super trend line and continued to move upward. The main target for growth is still the reversal level 114.84. At this mark, one can consider sell signals with a promising target at the main support / resistance level of 112.50.
Trading solutions: sell 114.84 take profit 112.50
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GBPUSD❗Resistance arrea💲💪🏼GBP / USD four-hour chart. The currency pair remains in the overbought area and holds above the four-hour supertrend line. These are signals for the continuation of the bullish movement. The main medium-term target for growth is the upper border of the overbought area 1.3916 (+2/8). This scenario will be canceled after the price drops below the level of 1.3672 (8/8).
Trading solutions: buy 1.3765 take profit 1.3916
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EURUSD📈Long priority ❗The four-hour chart of the EUR / USD pair. Yesterday the price bounced down from the level (3/8), but buyers were able to keep the currency pair above the four-hour supertrend line. Therefore, we continue to consider the scenario with the development of the reversal pattern as a priority. The target is the main support / resistance level of 1.1719 (4/8).
Trading solution: buy 1.1630 take profit 1.1719
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XAUUSD🤑 Retest support📈XAU / USD quotes continue to move within the fall and left the descending channel. At the time of the publication of the forecast, the price of GOLD is 1762 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the asset and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a decline and test the support level near the 1755 area. Where can we expect a rebound and a continued rise in the price of GOLD with a potential target above the level of 1835.
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USDJPY💲Recoil movement❗USD / JPY four-hour chart. The currency pair has not yet managed to reach the reversal level of 114.84 (7/8). Most likely, in the near future, we will see the formation of a rollback movement in the direction of the daily supertrend line, after which the price may resume its upward movement towards the previously noted target.
Trading solutions: sell 114.40 take profit 113.30
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GBPUSD❗Overbought zone💲💪🏼GBP / USD four-hour chart. The currency pair has held in the overbought area and continues to be above the four-hour super trend line. These are signals for the continuation of the bullish movement, the main target for which is the upper border of the overbought area 1.3916 (+2/8). This scenario will be canceled after the price drops below the level of 1.3672 (8/8).
Trading solutions: buy 1.3795 take profit 1.3916
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EURUSD📈Super trend❗The four-hour chart of the EUR / USD pair. The currency pair broke through the resistance at the daily super trend line and continued its upward movement. This is a signal confirming the completion of the reversal pattern within which the next growth target is the main support / resistance level 1.1719 (4/8).
Trading solution: buy 1.1595 take profit 1.1719
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XAUUSD🤑 Retest support line📈XAUUSD movement within the correction and goes beyond the descending channel. At the time of the publication of the forecast, the price of Gold is $ 1,768 per Troy Oz. Moving averages indicate a short-term bullish trend. Prices have broken the area between the signal lines upwards, indicating pressure from sellers and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a decline and test the level near the 1760 area. Where can we expect a rebound and a continued rise in the price of GOLD with a potential target above the level of 1835.
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USDJPY💲Corrective reduction❗A breakout and confident fixation of the price outside the channel indicates an erroneous interpretation of the emerging wave situation. Probably, at the moment we have a large zigzag in which the wave is developing.
The specified wave, as it should be, takes an impulse form. It is possible that the formation of the wave was completed earlier, which means that in the future we are expecting a correctional decline within the framework of the development of the wave.
Potentially it looks very interesting, so it's worth trying to participate in this.
Investment idea: sell 114.20, stop loss 114.40, take profit 113.00.
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GBPUSD❗Three-wave formation?💲The British pound continues to hold on to the previously reached price values with all its might, and the earlier growth begins to acquire characteristic impulsive features. However, without two more waves, all of this could turn into a three-wave formation, which would indicate a correction, which means that the price will go down.
In this regard, it is recommended to take a break to observe developments outside of trading positions, or to buy cautiously with small targets.
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EURUSD📈Breaking through strong support?❗EUR / USD continues to move within the correction and the downward channel. Moving averages indicate a short-term bearish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from the European sellers and a potential continuation of the fall in asset quotes from the current levels. At the time of the publication of the forecast for the Euro / US dollar rate is 1.1582. As part of the Forex forecast for October 18, 2021, we should expect an attempt to develop a price correction and test the resistance level, which is on the pair near the 1.1615 area. Further, a rebound down and the continuation of the fall. The potential target of such a movement is the area below the level of 1.1325.
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XAUUSD🤑 Retest support line📈XAU / USD quotes continue to move as part of the rise and the bullish channel. At the time of the publication of the forecast, the price of GOLD is 1796 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices broke through the area between the signal lines upward, which indicates pressure from the sellers of the asset and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a decline and test the support level near the 1770 area. Where can we expect a rebound and a continued rise in the price of GOLD with a potential target above the level of 1845.
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USDCAD❗Retest resistance level⚡At the time of publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2370. Moving averages indicate a short-term bearish trend for the pair. Prices have broken down the area between the signal lines, indicating pressure from sellers and a potential continuation of the fall in the pair in the near future. At the moment, we should expect an attempt to develop a rise and test the resistance level of the 1.2455 area. Further, the rebound and the continuation of the fall of the currency pair on Forex. The potential target of such a movement is the area below the level of 1.2155.
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XAUUSD🤑Bullish scenario📈An additional signal in favor of raising the XAU / USD quotes will be a test of the support area on the relative strength index (RSI). The second signal will be a rebound from the upper border of the bearish channel. Cancellation of the option to raise the price of GOLD on October 14, 2021 will be a fall and a breakdown of the level of 1715. This will indicate a breakdown of the support area and a continued fall to the area below the level of 1685. Expect an acceleration of the rise in XAU / USD quotes with the breakdown of the resistance area and closing of the price above the level of 1825.
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USDCHF💲Head and shoulders!❗USD / CHF, an additional signal in favor of the fall of the Dollar Franc currency pair on FOREX will be a rebound from the trend line on the relative strength index (RSI). The second signal will be a rebound from the upper border of the Head and Shoulders reversal pattern. Cancellation of the option to drop the USD / CHF pair on Forex will be a strong growth and a breakdown of the 0.9405 area. This will indicate a breakdown of the resistance area and a continued rise in the USD / CHF quotes in the area above the level of 0.9635. It is worth waiting for confirmation of a fall in the USD / CHF quotes with the breakdown of the support area and closing the price below 0.9215, which will indicate the completion of the formation of the “Head and Shoulders” reversal pattern.
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EURUSD📈Resistance level ❗EUR / USD forecast assumes the development of a correction and a test of the resistance area near the level of 1.1615. Where can we expect a rebound and an attempt to fall in the pair to an area below the level of 1.1345. A test of the trend line on the relative strength index (RSI) will be in favor of reducing the currency pair. Cancellation of the EUR / USD pair fall option will be a strong growth in quotations and a breakdown of the level of 1.1715. This will indicate a breakdown of the resistance area and a continuation of the rise of the currency pair on Forex to the area above the level of 1.1995
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XAUUSD🤑 Retest support line📈The XAU / USD forecast implies an attempt to test the support area near the level of 1740. Further, the continued growth of quotations with a target above the level of 1835. Cancellation of the option to raise GOLD prices will be the fall in the value of the asset in the markets and a breakdown of the level of 1715. This will indicate a breakdown of the support area and the cancellation of the model ... In this case, we should expect the GOLD price to continue to decline with a potential target below the level of 1685.
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