AUDUSD Forecast 01 03 2021 Last week the price touched the resistance line 0.7989 and after that it collapsed. During the growth, it managed to break through the resistance line 0.784 and the level 0.777 after which it still stopped at the strong support line 0.771. This support line, like the rest of the lines on the chart, has existed on the chart since...
BTC chart 4h chart What we see: BTC has had a nice correction and we have found nice support at the 4h demand zone where we have also found support at the EMA200 and we have a bullish divergence . Reason enough to return to the 4h supply zone . If we do not break through this zone I see Bitcoin correcting further towards the S/R zone.
USDCHF Forecast Using trend lines , a clear bullish trend has been identified with strong support and resistance levels also being identified. After a bullish week in USDCHF, prices have reached the resistance level . The last candle was bearish indicating possible bearish momentum coming into the markets. This could indicate a pullback to the support level .
We think gold will make small correction before going down Don't usually analyse gold too much as its too volatile. Think gold is going to climb back to test the mitigation Gold has formed a correction to the HTF supply now turned demand area On a day trade purpose, I expect price to wick up to the LTF base high or key level, identified in gold and grey on the...
From the chart you can see that there are 2 possible areas to short. DXY looks a little ambiguous as well so what we will do is wait and see which way it goes and then jump in on the correction. Want more in-depth analysis? See below for the links. Give it a thumbs up if you like the ideas!
GBPUSD IN FEB, the price was able to break through the strong resistance line that was formed in April 2020. The price broke through it at point 1.292, after which it rallied, touched the local resistance and returned behind the line. This happened at the beginning of today's trading session. Thus, the price returned to the uptrend. And now she keeps falling. So I...
#EURUSD The price is in the zone of intersections of an ascending channel (September 2020) and a falling channel (December 2020). It bounced off at the resistance 1.222 and broke through the resistance at 1.217. I expect to drop to the support level. The target is 1.206.
XAUUSD downhill trend After the breakdown of the resistance level 1872.10. the price moves in the channel. It clearly touches the channel lines. After another fall, she came to support. From here we expect growth to resistance. Target - 1818.27
BTCUSD Bitcoin #BTCUSD Using the December 2020 line as a support every time. It last touched this line 31751.2 in January. Now I expect her to fall to her again. The price will drop to support 40484.5. From this point you can start buying. SL - 34774.4. TP - 57254.9.
EURAUD We are waiting for the price to rise to a strong resistance zone (channel line + 2019 resistance line). And a fall towards support (the lower line of the channel). The target is 1.515.
After a strong support, the price rose to the resistance level 84.103. Then she broke the line, but fell again. I expect the price to continue to fall as it is supported. The target is 83.013.
Commodity Prices and Currency Moves When trying to distinguish the relationships between certain commodities and currencies around the world it helps to realize that situations can change and the relationships are fluid. However, there are some time-tested relationships that have been established over the years that may continue to hold true well in to the 21st...
EURUSD GOING DOWN The price is close to the resistance line at 1.225. I am waiting for the touch of this line and a new fall. the price will return to the support zone. The target is 1.211.
XAUUSD GOLD Now the price is at support 1786.46. This is the August 2020 line. I expect the price to rise from this line to the resistance (channel border). The target is 1826.40.
#USDCAD downward slope After a rebound from resistance in early February, the price finally came to support. It is at position 1.246. I expect a rise to resistance. The target is 1.273.
#EURCAD Buy The price came to a strong support zone (channel line + 2012 line). From here, I expect growth to resistance. The target is 1.549.
#ETHUSD The price is at support 1595.31. From this position we can start buying. SL - 1429.53. TP - 1981.25
Charting Basics – Bars vs. Candlesticks Charting Basics – Bars vs. Candlesticks Services Online What are bars and candlesticks? A chart is a graphical representation of historical prices. The most common chart types are bar charts and candlestick charts. Although these two chart types look quite different, they are very similar in the information they...