About meI'm an active market learner and interested in economical news, analysis and books. More than making money from market, I'd like to spend my time on different charts and keep watching my favorite indicators.
Price is moving gradually down in a descending trend and based on the following two emerged patterns, more bearish movements are possible:
1) Symmetrical Triangle
2) Inverse Cup and Handle
Suggested future price movement framework could be among 1.098 to 1.092
Ascending channel in weekly chart is going to be broken soon, since RSI is 75, and RSI divergence has formed, technically we expect to see the price in lower levels soon but fundamentally it is still likely to go up to the end of march. But I doubt price goes up more than 600 since Argentina is going to terminate its export ban since the coming week and COVID-19...
Price has reached to it's highest level since April 2018 due to economical policies of Canada government and central bank.
Technically, reducing the price within the channel is definite. I expect to see the price on 0.98 and even 0.97 soon but not for a long time.
As you can see, price is going up in parallel channel. Price has reached to it's high level and need to get a bit rest for next movements. So I expect to see a bit decrease within the channel and almost 150 pips profit is possible.