EURUSD buy - The instrument is in a correction phase in an uptrend.
The goal of the end of the correction, I suppose, is a strong support level .
The global trend is growing. It is quite difficult to trade against the trend, so I recommend waiting for the level to be tested and further searching for the required formation.
I expect growth from the support level to...
The growing trend within the growing channel remains relevant.
We have clear boundaries of the price channel , the instrument respects them.
At the moment, there is a small correction from 1.2218 to the upward support, which intersects at 1.2177 with strong historical support.
I expect the instrument to consolidate at the support level at about 1.2177...
At the beginning of the second half of May, the instrument broke up the strong resistance 1.2177 and began to consolidate above this level.
Since the trend is upward, the price follows a growing channel, purchases are relevant at the moment.
At the end of last week, the currency pair made a false breakdown of 1.2177 and the week closed above the...
The price returned to the lower part of the channel, failed to break through the strong resistance line.
Therefore, at the moment I expect them to go down - to the lower level of the channel.
In general, in such an unstable situation with my strategy, I advise you to wait a little.
After the rise from the 1.170 support (after the third wave of the collapse), the price rose to the resistance line. It bounced off the resistance at 1.214. But after the rollback, 1.218 was fixed on it.
Since the beginning of the week, the price has been slightly falling. I expect it to continue to the support line.
The target is 1.182.
🔔 11 / 13 last...
First, in April, the price broke through the resistance level of 0.918, and then the resistance line of January 2021 - 0.910. After the second breakout, the price fell to the support line of December 2020 and now bounced off it. From this line, I expect the price to rise to the resistance line of 0.912. This will be our goal.
After the start of movement on Monday, the price continues to fall from the resistance of 1.213.
I expect the fall to continue.
1 - resistance line of February 2020
2 - recent breakdown of the 1.198 support line.
3 - rebound from resistance 1.213 and working out correction (an essential element of almost any movement).
The target is 1.186.
🔔 11 / 13 last...
XAUUSD 05 05 2021
Gold continues to rise after a rebound from the support level of 1675.91. During the growth in April, it broke through the support lines: 1742.92 and the level of 1763.79. Then it rose to the resistance zone 1798.59 where the resistance lines of August 2020 and March 2018 intersect. Strong resistance is the main reason for the fall. I expect the...
EURJPY 04 05 2021
In April, the price rose from the 1.168 support (the main turn line in March 2020) to the resistance of 1.215 The price reversed and started to fall. I expect the fall to continue.
The main reasons for this are:
- breakdown of the support at 1.197 (slowdown in price).
- strong resistance line of February 2020.
The target is 1.186.
GBPUSD 28 04 2021
Last week the price touched the resistance level at 1.400. Then it collapsed and struck:
- resistance 1.394.
- support 1.387.
After the second breakout, the price dropped to support 1.382 (February 2020). Bounced off the line and returned to support 1.388. From this position, I expect the price to rise to resistance.
The target is 1.395.
#EURUSD 16 04 2021
I would like to remind you that yesterday we expected the price to fall from the 1.199 resistance zone and as you can see today the price really reversed from this resistance and showed a slight fall. After the price showed a strong increase from the 1.170 support zone, where the level, the lines of 2019 and 2007, and the turn line of January...
#EURUSD 13 04 2021
The price of the currency pair remains in position as at the beginning of the week, which means that at the moment I continue to expect a fall. Let me remind you that the price has been falling since the beginning of the year from the resistance point of 1.237. During this fall, it came to a strong support at 1.170, where two lines intersect...
#EURUSD 07 04 2021
#EURUSD the price of this pair develops in waves.
Growth waves (usually 2-3) and falling waves alternate.
As you can see on the Chart:
- in 1995 and 1998, two global waves of decline developed.
- from 2002 to 2008 - growth.
- from 2008 to 2015, the price was falling (with corrections, of course).
- and since 2016 it has started a new wave of...
XAUUSD 18 03 2021
Now the price is working out the correction, which should stop in the support zone 1733.33 This is a small area formed around the two support lines. The oldest is December 2020 and very small from the beginning of March. As you can see, the price has tested this zone several times. Thus, I expect the price to reverse from the support line and...
XAUUSD Forecast 02 03 2021
The GOLD price dropped a little more and is now in a strong support zone at position 1716.93. This zone is formed by two lines. The first one appeared in August 2020, the second stronger one - in July 2016
Now the main question for all investors is when exactly gold will stop and begin to grow.
I think this support zone is the...
The price bounced off the strong support zone of 1.207. Now I expect it to rise to the 1.225 resistance line. After that, it will turn around and fall back to the support.
The target is 1.207