The ATR axes indicate a rising wedge format with a stronger support level. We assume that this level of support moves upwards from the exchange rate. First, at lower speed, but the last wave is moving faster, up to primary target price.
It is assumed that the EURUSD exchange rate from the ATR axis is down to correction level of 1,16407. We expected that within a few days the exchange rate will reach our primary target price of 1,14557. If our redline support is violated by the exchange rate then we closed our short position.
It is assumed that the support from the line upwards reaches our primary target price at 111,741. If the motion is higher than this level, we are thinking about keeping the long position.
It is worth examining the exchange rate rate of the Hungarian payment instrument. In our opinion, there is a significant movement. A triangle surronded by ATR lines is expected upwards up to the 313,91 exhange rate. For this it is necessary to create a waveform in the 308,51 bounded field. If this happens, we expect signifikant movement from the correction point...
We assume that USDOLLAR exchange rate correction is expected. Correction starts from the triangle bounded by the support line and the ATR lines. Before that the exchange rate has to move in waveforms. You can then reach the bottom of the base line. If you pemanently bend the support line 11892, the position is closed. Our target price is 12085.
We assume that the USDCHF echange rate will jump out of the ascendig ATR axis and break up. The first correction level is around 0,95766. If that succeeds, more space move upward. Up to primary target price up to 0,98118. We are still returning to the movements above the correction level.
The ATR axes closed the exchange rate in a triangle form. We assume that a wave of currency fluctuation will start and will break up. The primary target price is expected to be 112,499
The exchange rate is limited by a triangle enclosed by an ATR axis. However , do not let the bottom support axis back out. In our opinion, the exchange rate will rise from 0,95689 upwards. The strenght of movement will be fast enough. We expect a stronger move to reach the primary target price of 0,98062.
Experience observation shows that, not only the exchange rate has a wave axis, but also the ATR of the exchange rate itself. This means that the exchange rates have a similar movement angle in a given domain as before. The angle of the ATR is displayed very clearly, by the simple parabolic SAR indicator.
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