Based on my strategy I anticipate the price to correct on Weekly time frame during March 2022. Correction on the Weekly time frame may create sell setups on lower time frames. I will watch for sell setup to take the opportunity. Based on fundamental reasons, I anticipate GBP to weaken across the market during this period.
Weekly time frame price structure indicates that the pair may fall for one more bearish wave. On Daily time frame I will wait for the corrective pattern to be completed. On Hourly time frames there may be a chance a upside trade setup. Short term buy opportunity but by long term I will sell the pair if there will be a good sell setup.
I anticipate JPY to gain strongly against CHF and other pairs. Beside the market structure and pattern formations, fundamentally BOJ is the only central bank who has interest rates at bottom and no inflation. Low borrowing cost and safe economic structure will make the JPY attractive to smart money.
Anticipating correction to complete on Daily time frame and price to continue falling.
I anticipate the price to correct on Weekly time frame during March 2022. Correction during March may form sell setup formations.
I anticipate price to correct down to 1.6500 level. This fall may form sell setups on lower time frames.
I anticipate the price move to the previous support level and form an expanding flat pattern in March. Price should emerge the same type of formation with the previous move to the support level.
Fundamentals: On December FED announced 3 rate hikes for the year of 2022, also bond purchasing program will be decreased in amounts. ECB lately announced continuation of the bond buying program and no rate hikes projected for 2022.
Fundamentals: BOE rose interest rates in December and FED announced 3 rate hikes for the next year.
Pair has a chance to go for one more bullish leg. Good luck, 9
Visit the bottom before going up for bigger wave.
CAD to be one of the first to get strong against JPY. Lock down release will push up oil demand and CAD accordingly. Risk off environment will slowly ease down.
I am anticipating JPY to get strong across the market. NZDJPY is at good sport to sell as structurally and fundamentally. Sell on strong price action. Good luck, 9
Watch the pair to go for the next bearish leg. JPY is starting getting strong across the market. Good luck, 9
GBPUSD is forming an Expanding Flat pattern after strong bearish impulse. I am anticipating one more leg to drop on this pair. Good luck, 9
Price emerging corrective move that touches the border of the channel. Price doesn't seem to have strong momentum for upside move. AUD is getting stronger across the market. GBP is under pressure due to BREXIT talks and especially deadline of October 15.| Good luck, 9
Watch the pair to buy as low as possible. Good luck, 9