Bullish trend started in november, still going up for the 0.800 zone as main target.
There are a few intermediary steps until then but the 0.77600 zone was very good as a starting point (breakout on lower frames).
This pair is in a bullish trend since middle of December and it seems it still has a lot of room to go up.
The latest news for CAD weren't so good so any break above the latest highest would be a good opportunity to go further up.
I'm expecting a TP around 0.99400 zone (near the monthly pivot) and maybe higher, hitting the monthly down trendline.
What do you think?
In the past few weeks the pair moved in a corrective pattern and soon it is heading to the 127.400 where it will meed a strong down trendline started in 2008 (check the monthly timeframe).
Should be this the last move up to 127.400? :)
What do you think? Do you expect a down move on this one and a big fall to the 124.000 zone?
Gold has pushed up in the start of 2021 and made a strong breakout of a down trendline started in August 2020.
A new support zone is building at the 1.618 of Fibonacci and from my point of view, it still has a room to go up to 1950 as a first stop.
From there we might expect a short consolidation then we might hit the 1990-2000 zone and up.
Please don't take...