08/01/2020 Mid-Aternoon - EurUsd Rate Update - At 1.1116
I consider that the Rate is at Full Extension Lower Low
And that A Trend Reversal will take place towards Higher Pricing
Target High 1.1366
EurChf Rate from 1.0802 as Support Level
A Slight Break Higher into 1.0844
Is considered as Near Term Resistance Level
Towards Lower End Pricing at 1.0734
The Rate is at the Daily Chart Lows
Downtrend Mode towards 1.0602
Which is at 78% percent bar on the Daily Chart Low.
Can you see how trading ideas or trading to rules - Come`s into play as the charts...
30/12/2019 GbpUsd Rate from 1.3170 as Resistance Level
Current Support Level is at 1.2903
A Retrace to Higher Pricing is allocated at 1.3170
Now at Current Price 1.3149
Which is now considered as A Sufficient Move Higher
against the Current Price Range which consists of an h1 bar retrace At 39% percent bar Higher on the h1 chart.
Expected Outcome - Is that...
EurUsd Rate at 1.1064 indicates possible Support Level - And A Possible Trend Reversal Level
In my opinion the trend appears at Full Extension to the Lower End at this time.
So my Expected Outcome - Is that Price will move Higher onto the present Price Range and Target at 1.1458
EurUsd - Uptrend Mode.
24/12/2019 Update on the Gold Market - XauUsd Rate from A New Break Higher at 1494 Resistance Level.
Current Spot Price 1498 - Gold Price is set to rate higher towards 1509 - at 61% percent of the H4 Bar Chart Higher -
I believe before any further Consolidation will take place.
Current Mode - Uptrend. 1498 to 1509 at Take Profit Level.
18/12/2019 Late-Evening EurUsd Rate from Resistance Level 1.1204
Trend is Down - towards 1.1043 to 1.1013
Current Spot Price 1.1116
Good Forecast 100% Accuracy Rated
New Forecast Method is based as Trend Up or Trend Down.
with target level.
17/12/2019 Late-Afternoon XauUsd Rate From 1485 Resistance Level High
From 1485 Price is considered at Continuation Lower Low Phase.
At 1480 or 1483 Gold is at An Inside Bar Swing High at 70% retrace on the h1 bar and is considered as An Overbought Value State.
My immediate reaction would be to advise as a possible move Down Trend at this time.
Near Term Targets...
17/12/2019 Mid- Afternoon - GbpUsd Rate Newly Revised Support Level from 1.3173
low & 15 Minute Chart Bar Entry Low
I look at Cable Price Returning towards the Higher Side of the Pricing Range and towards Previous Set Target at 1.3742
As well with An additional New Set Target Higher and Full Resistance Level at 1.3871
13/12/2019 GbpUsd Rate - At 1.3482 is considered as the All Time Daily Bar High at this stage within the Channel Range.
At this time I`m looking at a Return Lower with a view that 1.2568 - 1.2568
Will provide the answer towards the Continuation Swing Low Phase of the immediate Channel Pattern Range.
Again Stop-loss Placement just above the high of the...
11/12/2019 GbpUsd Rate from 1.3100 as Current Support Level Low
Price can either move Higher onto the Current Swing High Phase - towards Final & Secure Resistance Level at 1.3356
Or Trend Lower towards Support Level at 61% bar Lower - Now set at 1.2437 as longer term Support Level.
09/12 2019 EurUsd Rate From Current Swing High Phase at 1.1116 now Resistance Level
I look towards A Swing Low Phase at 1.1008 as Providing the Support Level towards Continuation Swing High -
Again within the Current Channel Range towards and within the shorter term at 1.1436
04/12/2019 A New High is Record at 1.3116 with a view that 1.3128 is the h1 bar high at 241% percent value or volume bar which I have been waiting to arrive at.
Again my Target Center`s on A Return Lower towards the 61% percent bar Lower & Support Level at 1.2408.
Again Stop-Loss Placement Remains just above 1.3128 as Current Resistance Level.