Short-mid term view on USDCAD.
Anticipating a daily impulse up to complete the 123 correction. Could reach the .618 fib level.
Forecasting a bigger move to the downside to complete the bigger running flat structure.
Here is my view on XAG...
I forecast we could see more downisde incoming to retest the lower levels... We could see some more downside to simply complete the 1,2,3 correction, before going to break the last daily high ! It also broke the lower timeframe upside trend... But also, be aware that it could make a 1,2,3,4,5 correction before the sort term drop....
As shown in the chart, we have a nice contracting flat completed... A nice breakout of this correction... AND a nice breakout ouf the flag formation... I forecast some more downside... at least to the blue line to complete the bigger corrective pattern.
Every insight is appreciated, i am just a beginner, thank you !!!
Here is my forecasting on AUDCHF.
We are in a downtrend, and most probably finished the 4h 1,2,3 correction. I am seeing some more downside. The blue lines are the 3 last low we had. It will probably retest one of these before making a bigger correction. Lines 2 and 3 are very probable in my opinion.
I am just a beginner, let me know what you think, every...
Rate cut or no cut ?
I think we might see a short term bullish momentum until interest rate decision. It could even make a higher high ( 1450 + ). But mid/ long term i think we could see a BIG SHORT INCOMING, testing the weekly lows to complete the bigger correction.
Very long term : very bullish .
USDZAR is currently forming a larger correction that I initially anticipated. This means that the correction that I had looked at before as being a 3 wave correction, was actually only wave 1 of the larger correction. Looking at the current setup, I expect price to break the low of wave one, market with the red line, before there is a reversal to the upside. I...
I am looking at this bullish corrective structure on the daily time frame. Price is now at the top of wave 4 and needs to confirm either a breakout to the upside or a reversal for wave 5 first. I expect price to move around this level for a while before making a definitive move so will be trading both long and short positions on lower time frames.
Gold has been moving according to my analysis and I am expecting more upside to come. There is currently a correction forming which could see an interim move down to complete wave 3 but from that point I will be looking for another long entry to the 1485 mark.