WE THINK PRICE NOW AT THE PRZ(PRICE REVERCE ZONE) : 1668-1691
AND WE ARE IN A BOTTOM OF BEARISH CHANNEL AND NOW WE CAN HAVE A BULLISH WAVE TO MIDRANGE OF CHANNEL AT 1772$
BUT AFTER THAT OUR MIND CHANGES TO ONLY GIVE SHORT POSITIONS.
WE CAN BY THIS CURRENCY OAIR CAUSE OF FUNDAMENTAL AND TECHNICAL ANALYSIS.
TECHNICALLY EUR AUD AFTER BROKE THE TOP OF CHANNEL AND TOP COMPRESSION TRIANGLE CAN CONTINUE THE UPTREND.
FUNDAMENTALLY DUE TO THE APPROACHING WINTER SEASON AND RISING UNEMPLOYMENT OF AUSTRALIA WE CAN UNDERSTAND THAT AUD HAS WEAKENED.
FUNDAMENTALLY CAUSE OF CANADIAN POSITIVE ECONOMIC REPORTS AND PRICE OF OIL WE CAN SEE A GOOD PERFORMANCE ON CAD.
TECHNICALLY PRICE ON THE TOP OF THE GREAT CHANNEL AND WE CAN EXPECT THE FALL.
TECHNICALLY AFTER CORRECTION MIVE ON THE RANGE CHANNEL AND BROKE THE BOT OF CHANNEL WE EXPECT THE DOWNTREND TO CONTINUE UP TP THE RANGE OF 11300 .
FUNDAMENTALLY DUE TO THE INTENSIFICATION OF THE CORONA VIRIUS AND FACTORY LOSSES AND ELECTION PROBLEMS WE EXPECT IT TO FALL EVEN TO THE RANGE OF 10500.
TECHNICALLY ON SHORT ZONE CAUSE OF THE PRICE AT THE TOP OF BEARISH CHANNEL.
FUNDAMENTALLY ON SHORT CAUSE OF FINANCIAL DOCUMENTS OF CHINA AND POSSIBLE INCREASE OF METALS PRICE.
Following the formation of the triangle pattern in the daily chart of the euro against the British pound and the end of the pullback, we are witnessing the continuation of the downward trend and we are probably up to the strong support line in the range of 0.827. If this range is broken, we can expect the downward trend to continue up to the range of 0.77
