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GBP/USD has broken the downtrend and started rising upward. But how far it runs? There's a hurdle ( 1.3016 ). It can take a reversal from the hurdle level for the levels of 1.2978 - 1.2923 . And the downtrend will resume after the breakout of the last target. What if it breaks the hurdle? I prefer to take a long position after the breakout of the hurdle level....

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The downtrend of EUR/GBP shows that EUR/GBP will probably touch a major trendline, and it will touch the targets 0.9000 - 0.9060 . By following the Moving average, I suggest traders buy at a price after the above crossing of Price the MA 200 and sell at a price below the 200MA. But because of an election, there is a possibility of fluctuations. Therefore maybe...

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SBI is currently moving under the control price and making a parallel channel. But because of the election, all the markets will get affected. Right now, it's trying to move upward to cross the control price ( 213 ). If it crosses the control price, then it will touch the following levels 217.70 - 226.30 . That means the control price will react as support the...

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From the beginning of June, EUR/USD made a rectangle, and it's broke this channel between points C & D . Here, I have used the ABCD pattern to set the levels. C point is 0.5 , and the BC projection is 2 . From D point, it fell. It will bounce from the potential reversal point, and it will reach the following target 1.67700 - 1.69600 -1.71300 . But if...

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The trend is moving flat in the triangle shape. The control price is between the dynamic resistance trendline and the solid support trendline. The current trend is flat but, there are possibilities of a rise and fall. It will touch the solid trendline, and then there are two scenarios. If the trend bounces from that point, there will be an incremental movement,...

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GBP/USD has started falling since September. It's taking potential reversal from descending resistance trendline. Currently, this pair is into the descending triangle pattern. That's a consolidation area. Hence, we may see continue the sideways movement here. Breakdown of descending triangle or hurdle indicating sell confirmation. That means GBPUSD will pushback...

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EUR/USD is started to climb from the end of September. Now, it's in the volatility zone. Wherein it will show sideways movement ( highlighted by a vertical rectangle ). According to the moving average, EUR/USD is in an uptrend. Day traders can buy at 1.1870 for targets of 1.1900 - 1.1917 . And short position can be initiate at 1.1826 for targets of 1.1790 - 1.1760 .

forextidings

Here I have used Gann Fan, Fibonacci Retracement, and Harmonic Pattern to forecast Dow Jones. If you like my charts, give likes, share, and subscribe to show love.

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Here I took an Elliott wave pattern to set the next levels of this downtrend of USDCHF. Wherein expected wave 5 ends at/nearby 0.9061 . Hence, the day traders can short USD/CHF below the resistance line for the following targets: 0.9084 - 0.9076 - 0.9060 .

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Rightnow, EUR/GBP at 4/1 value of Gann fan. There are more chances of collapsing compare to the bullish side. Day traders can sell for the following target price: 0.9080 - 0.9060 - 0.9040 and below. Hurdle: 0.9132 According to this chart, if FX:EURGBP crossover the hurdle level, the buy position can be initiate here. The bullish targets are described...

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Introduction of Head and Shoulders Pattern Technical analysis is a necessary thing to select the positions of perfect entry and exit. For that, There are many patterns available for trading, the head and shoulders pattern is one of them. This article is all about the head and shoulders pattern. In simple words, this pattern includes three triangles. The first...

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According to NZD/USD hourly chart, it's trying to walk upward after completing the double top chart pattern. Before walking up, it has to come down to hit trade 2 . Look at the Volume and Stoch RSI before taking a new long position. The volume is declining, and RSI collapsing. Day traders can initiate short positions nearby Dynamic Resistance for the target of...

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The above chart is an incremental trend, in which I have applied the Elliott wave pattern to get the levels. At the end of the major support, it's making an ascending triangle . That, I have described in detail in the above chart. The trend is crossing the upper trendline of the triangle. It will fall from around 0.7300 . If there will be a situation of...

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Gann theory has been widely used in various fields of finance. To learn to apply the Gann angle line, two problems need to be solved, namely, point selection and volatility. The question about volatility is in the Gann angle line. This article will mainly talk about the problem of selecting points. The selection point of the Gann angle line is generally selected...

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Fibonacci Retracement: Swing Low - 1.14098 Swing High - 1.34832 According to Fibonacci retracement, GBP/USD's last stop is a 50.00% retracement level. Currently, it's trading nearby a 23.60% retracement level. The day traders can jump for the 38.20% retracement level but, there's a strong support trendline between the 23.60% to 38.20% range. How...

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Netflix, Inc. has broken the support trendline channel of September 2019 and closed negatively at $480.67 in a loss of -19.52 ( -3.90% ). We can see price correction up to 61.80% retracement levels. As per the fundamental research reports, it's totally in an uptrend. And according to technical analysis, NFLX may start a potential reversal from $476 for ...

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BTC/USD has created a symmetrical triangle pattern. It's taking reversal from the resistance trendline. Technically, it will keep falling. Day traders can keep selling BTC/USD for the target of 10630 - 10560 levels. Short-term investors should wait for a divergence from the entry point. It will start flying soon for 10900 - 11200 - 11400+ levels. But,...

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USD/JPY is following a dynamic resistance trendline since July 2020, and it's there now. Here, we have the opportunity to earn $12,000+ (trade size:10,000) in profit. A short position can initiate the dynamic resistance or below for the target price of 105.6. That's for day traders! If you have expected something bigger from this call, I recommend holding...