#XAUUSD 01 04 2021 Over the past year, the price of gold has experienced several strong surges. The first fell on the second wave of covid, then there were elections in the United States, and in January - riots in Washington. Gold dropped after each jump. As a result, the price dropped to the support zone of 1675.94. From this zone, it jumped in early March, then...
#AUDCAD 01 04 2021 After breaking through the historically strong level of 0.974 during the fall, the price returned to the zone of strong support, which is formed by two lines: July and February 2020. It is important to note that the February 2020 support line served as the basis for the price rise from 0.925 in October last year. And it was during the growth...
As I said last weekS .... EJ closed over 130,200 and came close to 131,000 from where it rejected very strongly entering again below the trend line! analyzing the chart on 1 month where it formed "W" and where I kept saying that it will go down minimum 500 pips and the chart on 1 week ! I can say that I will search SELL until 128,200 or maybe even below ... THIS...
#XAUUSD 26 03 2021 resistance of 1748.07. However, during this entire time, the gold moved along the line. Since Tuesday, I have extended the forecast for the fall. The price started moving on Wednesday. Yesterday it finally unhooked from the resistance line and dropped several points. I am confident that after gold broke through the resistance of 1773.86 in...
#AUDCAD 26 03 2021 price was able to break through this level and moved above it for some time. But in the end, in March, it fell again, broke through the level, fixed on it and continued to fall. The fall in the price stopped only at the support zone of 0.953. This is a pretty strong zone that consists of the January and August 2020 support lines. You can already...
#EURUSD 24 03 2021 I want to remind you that the price has been moving in the global ascending channel since February last year. And at the beginning of this year, it touched the resistance line of this channel at 1.233, after which the process of falling began. This fall also fits into a small downtrend channel that formed in October last year. For us, the most...
#USDCHF 24 03 2021 After the price was able to break through the support zone near the level of 0.918 in early March, it rose strongly and eventually came to the resistance zone at the 0.936 line. This line was formed in 2019 and after the first touch, the price collapsed back to the support zone. However, moving between support and resistance, the price rose...
#GBPUSD 24 03 2021 This week we have seen a strong price collapse from the resistance line 1.393. This line appeared on the chart in December 2020. During its existence, there was one strong breakdown, but after its completion, the price fell again, returned behind the line and continued to fall to support. Now the price is not far from the strong support zone of...
As I said last weekS ...EJ closed 1 week and 1 month below the trend line which makes me believe that W is over and now it should drop at least 200-250 pips until it makes the next major move! (see also analysis for 1 week) I will continue to look for SELL on EJ for at least 200-250 pips! However, a close even for 1 day over 130,200 forces me to think of BUY up to...
As I said last week ..exactly as I said last week GU hit the area of the trend line from where it had a very high rejection that will continue in the next period until the area 37680 where it will have a small rebound and if it manages to break that area will go down 1000 -1200 pips in the coming months! (we will show this aspect in the next 1 week chart) THIS...
As I said last week ...EJ closed 1 week and 1 month below the trend line which makes me believe that W is over and now it should drop at least 200-250 pips until it makes the next major move! (see also analysis for 1 week) THIS WEEK...I will continue to look for SELL on EJ for at least 200-250 pips! However, a close even for 1 day over 130,200 forces me to think...
EURUSD 01 03 2021 The price dropped from a strong resistance zone, The 10 hour TF shows that the price has been in a strong growing channel for a long time - Falling the price approached its middle near the support level of 1.2014, after which it made several bounces and corrections. Now the price is again at the level in the support zone where the level...
AUDUSD Forecast 01 03 2021 Last week the price touched the resistance line 0.7989 and after that it collapsed. During the growth, it managed to break through the resistance line 0.784 and the level 0.777 after which it still stopped at the strong support line 0.771. This support line, like the rest of the lines on the chart, has existed on the chart since...
Strong support and resistance playing out overall on GBP/AUD. I think we have just had a minor breakout and return back to the downside. Good luck!
USDCHF Forecast Using trend lines , a clear bullish trend has been identified with strong support and resistance levels also being identified. After a bullish week in USDCHF, prices have reached the resistance level . The last candle was bearish indicating possible bearish momentum coming into the markets. This could indicate a pullback to the support level .
As I said last week ...a closure even 1 day under 1756 will make me change strategy and look for SELL because traders are now reorienting towards the crypto market which seems much more exciting! THIS WEEK...the GOLD trend for 1 month is still BUY but as I said ... GOLD closed Fibonacci for 1 week and now the only valid chart remains the 1 month ... which shows...
As I said last week ... a close even for 1 day below the 0.87150 level will force me to think about SELL up to the Fibonacci 786 level and ... UP AGAIN THIS WEEK...UG closed below Fibonacci 618 and is heading towards the strategic area ..Fibonacci 786 + trend line + a very strong support formed in recent years and from there ... UP AGAIN however....If it closes...
#USDCAD downward slope After a rebound from resistance in early February, the price finally came to support. It is at position 1.246. I expect a rise to resistance. The target is 1.273.