From a daily prespective EUR/USD has just broken the december support trendline with a strong bearish breakout candle and, since the price has never retested the previous broken resistance zone around 1.196, I expect the price to fall down to it after testing one last time the broken support trendline.
From a daily perspective EUR/JPY is currently stuck on an ascending channel after a strong push to the upside and the price has tested and rejected multiple times the 127 area. On top of that, it has never retraced to the neckline of the previous W formation pattern . Therefore i expect the price to breakout from the ascending channel and fall all the way...
AUD/USD has been bullish for almost all 2020, and from a weekly perspective it formed a W pattern when retesting the broken multi-year resistance trendline. Usually after a W formation I expect the price to go up and retrace to retest the previous resistance as new support. Also the price failed already twice to break the 0.774 ceiling. therefore I expect it to...
USD/JPY strongly rejected a key support zone around 102.5 forming a double bottom. Therefore i expect the price to go up to retest the 103 level where there is a confluence of resistance trendline, horizontal resistance, and the 38.2% level of the fibonacci taken from the swing high to the swing low of a multi-monthly downard push. From that point I will be...
XAU/USD recently broke out from the multi-monthly well respected descending channel and very important horizontal resistance too! I will be looking for a possible pull-back to the broken resistance trendline at 1902 where there is a confluence of 50% of the fibonacci retracement, horizontal resistance and well respected support trendline, with target at the...
