myfxlobby_

myfxlobby_

Price got pushed up from 1.59478 support last month and has no re-entered the rectangle pattern on the daily chart . Looks like the price wants to retest the lower support of the pattern i.e. 1.71801 before it goes all the way up to 1.78057 !! I'll take a Limit order placed at 1.71801 with 1.78057 being my final Target !!

myfxlobby_

Price recently reached the 1.53546 resistance , tried to break it to upside but failed ! there seems to be a selling pressure on the pair ! i expect the price to move down to the lower limit of the given Channel . my next Target is 1.49800 !

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Price has been trading inside the given parallel Channel since 2021 ! recently price tested the lower limit of the channel and got pushed up till 0.63515 where it was faced by another resistance zone and got pushed down ! Price is in the process of retesting the above said resistance zone before it continues with the downward movement . The notion of the downward...

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Price has been trading inside the given Parallel channel for quite some time now . Price recently reached the lower limit of the Channel and got pushed up. Price seems to be retesting the support zone and as soon as the retest of 137.678 zone is done , i expect an upward move considering the fact that 50 EMA on Monthly chart recently crossed 200 EMA to upside . My...

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USDCHF has been trading inside a rectangle for years now ! just recently price retested the upper limit of the rectangle pattern and got pushed down vigorously ! I believe that this time around , price would be able to break through the support of 0.95500 and push down all the way to 0.94740 ! my final Target for now is 0.94740 !!

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GBPAUD has been consolidating since 10 th May . i think its about time that the pair is ready to break through the consolidation move and make a move downward as shown by the arrows in the Chart . Both 50 and 200 EMAs are in favor of a downward move !! My final Target remains : 1.72000

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EURCAD has been trading inside a rectangle since April this year ! recently the pair tested the support and got pushed upwards ! Having had a failed attempt at getting pushed to the downside by the pivot line of the rectangle , i assume that the pair will be going up till the resistance of the rectangle before it gets pushed back in the pattern . My final Target...

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USDCAD has been trading within the confines of a triangle pattern since Jun last year and it looks like the pair is not yet ready to break to either sides! At this point , i expect the pair to test the Resistance zone of 1.29000 and then move down all the way to 1.26800. Hence , my final Target for the pair is 1.26800 !!

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GBPAUD has been trading within the confines of the resistance zone of 1.78501 and support zone of 1.71832 since April 2022 . Despite numerous speculations that the pair might break through the resistance of 1.78501 and move up higher , the price recently has been giving signs that its not yet ready for an upward move. We can also observe an Evening star...

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AUDUSD has been trading inside the given parallel channel since February 2021 . Recently, the price succeeded to break through a significant support 0.69865 , went back retested it and is now ready to move down all the way to a significant support on monthly Chart 0.68709, which would be my final Target . the downward move is further confirmed by the price trading...

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GBPCHF seems to have formed a beautiful Gartley pattern on a 4 hour chart ! the pattern will soon be fulfilled as it reaches the 127.2 Fibonacci level of XA. after which i expect a pullback in the upward direction . For now , i expect a sell till 1.2177 followed by a bullish move to 1.2413 .

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EURUSD has been trading inside the given parallel channel for some days now . Yesterday the pair managed to break through the channel and has now even gone back and retested the lower resistance of the Channel . On the daily Chart , EURUSD has shown a strong bearish bias and now seems to be ready to continue its descent ! my final Target for the pair over the...

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CHFJPY has been trading inside the given parallel channel since the start of 2020. a rather slow moving pair , but as of now i expect it to go up until the upper resistance of 127.8 in the near future ! to further strengthen the idea, currently a bat harmonic pattern can be observed on 1 hour time frame . As of now , my targets 1 and 2 are 127.05 and 127.8 respectively !

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On 7th March , GOLD started the formation of a head and shoulders pattern . As of today the pattern seems to have finished forming and is ready to begin its descent .i'll wait for a pullback till 1972.11 till the 200 EMA on 1 hour chart and then take Target till 1913!!

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GBPJPY has been trading inside the given parallel Channel since the start of August 2019 ! in the past few months , the currency pair has made a pattern that resembles an M and even started retesting the fibonacci level . Taking into account the resistance the pair is approaching , i expect the retracement to end within 153.678 - 154.47 . After the completion of...

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the currency pair has been trading inside the given Channel since February 2021. recently the pair reached the upper limit of the Channel , had a false breakout only to come right back inside . At the moment , the pair is testing the upper limit yet again . After the retest , i expect a fall to 1.35094 !!

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XAUUSD has been trading beautifully within the confines of the given parallel Channel . Last week's movement has made it quite clear that the currency pair is striving to go further up. With bulls in power at the moment, my final TARGET would be the Resistance line of 1851 .

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Follow up to yesterday's prediction : as mentioned in the Chart Yesterday , there were 2 scenarios possible for the price movement . The Price is following Scenario 2 and is now ready to move up till the Target of 79.38. The currency pair has already tested the lower Resistance of 76.67 and is ready to show some bullish movement!