The price of the parity has tested 83.80 support level and bounced off. Now it will soar towards the upper band of the ascending triangle to the vicinity of 86.50 level. After that, it will bounce again and retrace, testing 84.30 level and then, if crosses it, will reach again 83.80.
The price is trading inside of the descending channel. As the correction completed, now we will watch the price’s further decline towards the lower band of the formation in the vicinity of 0.6440. But first, the price will test the important level at 0.6540.
The price is hesitating – it is trying to rise after a technical bounce off the lower band of the ascending channel formation, but the bears efficiently prevent the rise. If the price eventually manages to break the tested level to the up, 1.1020, 1.1060 and in long-term 1.1150 – 1.1170 area will be the target. If the resistance occurs to be too strong, 1.0870 and...
As the price bounced off the upper band of the channel, we will watch it now heading down and test 61.8 and 50.0 Fibonacci levels at 75.10 and 74.00. If the price passes them, it will decline further, to the lower band of the formation in the vicinity of 69.30.
The parity broke the small flag to the up and we will watch it climbing towards the upper band of the big descending channel formation in the vicinity of 1.3320 level. After reaching it, the price will bounce off to test 1.2600 level.
AUDCAD The price has created a downtrend inside of the descending channel formation. At this moment we can observe price movement condensing. Once it approaches the tip of the formation’s lower band and the downtrend line, it will break out to the up. Then, the price will head towards 0.9940 level, which will be a strong resistance.
The price of the parity is trading inside of the descending channel but the next tops are lower as it is losing its momentum. The price bounced off the lower band of the channel, so the next target and the level to test it will be 75.40. After that reaching that point, the price will bounce it off and go back again to the bottom line of the formation in the...
The upside movement of the parity is effectively stopped by the strong resistance level, from which the price is bouncing off at this moment. As the prices head the downside, 0.7260 and the previous ditch at 0.7200 will be the targets. Alternately, if the price manages to pierce current resistance level, it will reach first 0.7370 level and then 0.7420. After...
The price of gold still testing the upper band of the declining channel formation, forming at the same time a small symmetrical triangle. As the price is reaching the tip of the triangle, we are expecting a break out from the triangle and therefore channel any time soon. If the price breaks to the up, 1217 and then 1225 will be a target is short-time. After that...
The price of the parity has crossed the lower band of the rising channel and it is staying at this moment just below it, forming a triangle at the same time. If the price decides to break the triangle formation to the down, 0.7150 will be a strong support. Otherwise, the upside breaks out will lead the price to 0.7740 - 0.7780 area.
As the price is approaching the tip of the created ascending triangle formation, we might expect it break out the resistance to the up very soon, reaching first 0.9660 level. Then 0.9700 level will be our next target. But in the case of the decline, the price will dive toward the level of the triangle base at 0.9580 and then to 0.9500 level.
The price of the parity broke the descending triangle formation to the down. In this situation the next important level watch it will be 1.1500.
The price of the parity is trading inside of the falling channel formation. At this moment we are observing the downside movement towards the lower band in the vicinity of 1.2970. But first, the price will stop at 1.3000 level.
Gold is creating a triangle formation and also testing the upper band of the descending channel. We are expecting price to reach the upper arm of the triangle at 1227 level and then break it to the up and aim 1240 level. If the price breaks the triangle to the down, first 1218 and then the lower band of the falling channel in the vicinity of 1211 will be the target.
The parity is staying in between 50.0 and 61.8% Fibonacci retracement level. If the price breaks these levels to the down, it will aim the lower band of the rising channel in the vicinity of 1.3150. But as long as it stays above 61.0%, it will ascend first towards 1.3350 level, then it will aim the upper band of the formation in the vicinity of 1.3600.
As we predicted, the price touched the upper band of the channel formation and it is in a decisive moment. More likely it will bounce against the band and then decline pace towards the lower band of the formation. As the price is moving at the moderate pace, we can assume that it would touch the lower band in the vicinity of 0.8580 level, testing earlier 0.8700...
The price of the parity is bouncing between the bands of smaller channel formation. Now it will be testing the upper band of that formation and if the price breaks it, we will be still considering the upper band of the big formation in the vicinity of 1.7430 level as the next target.
Dax is in decisive moment right now as it is testing the upper band of the rising channel and 61.8% Fibonacci retracement level at the same time. If the price crosses the current level to the up, we will watch previous top at 13 120 as a next target. In long-term, the upper band of the bigger formation in the vicinity of 13 600 will be the aim. If the price...