GOLD 530 p. in last week - done! Next goal - FALLINGLast week we made 530 pips on this pair!
Last few predictions to remind you of price movement:
December 16
December 17
December 18
Let me remind you that during the week we talked about the fact that the price should break through the support line and come to the resistance line - 1914.40. And the first part of the forecast has already come true. The price really broke through the point - 186308, and I still expect it to rise to resistance.
However, you can see that the price has almost touched the most important target, so I'm going to adjust the forecast and point to our next target.
I expect that after the price hits the resistance line at 1914.40, it will push off and start falling. Despite the strong growth, I do not think that the price will be able to break the line. Since since its inception in August, the price has touched it twice and both times after that fell to support.
And now I expect that after touching the resistance line, the price will fall to the support line. Thus, our final target is the support line at 1846.95.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Falling
EURUSD FALSE breakdown and FALL againThe price continues to move above the historically strong level of 1.197. After the breakout and consolidation on it, the level gave the price quite strong support, which was used to explain its current growth.
However, I am not inclined to expect strong jumps from the price in the near future, since it is in a zone of strong resistance - a line formed back in 2019.
Yesterday we expected that the price of the euro-dollar would fall immediately after touching this resistance line at 1.223, but at the end of yesterday and the beginning of this trading day, the price still increased minimally, having broken the line.
I am convinced that the breakout is false, as the price lacks really strong support for a strong growth. Moreover, the chart already shows how the price began to fall. I'm sure she will fall over the line. After that, it will gain a foothold on it and only after that will it still fall.
Thus, my final target is the support line at 1.206.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
GBPUSD FALLS within an uptrendSince May, the price of this pair has been in a powerful uptrend, which is controlled by two lines: support and resistance, which are strong enough to prevent significant breakouts.
However, at the beginning of December, the price dropped sharply beyond the support line, after which it took advantage of the local support and began to rise again from the point 1.317.
During the growth, it broke through the support, fixed on it and reached the resistance line - the movement was impressive, which brought the price back into the trend and now it is at the resistance trend line 1.357.
As it is already clear on the chart, the price bounced off this line and began to fall. Well, I am convinced that it will continue to fall and eventually come back to the uptrend support line.
So the final target that I expect is the 1.346 support line.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
EURCAD new FALL in the downlinkAfter the price came to the support line at 1.522 in July and bounced off it, it rallied strongly. However, it then dropped from the resistance line 1.561, which served as a starting point for the formation of a downward channel.
The channel has also existed since July, the fall is guided by the trend lines of support and resistance. The lower border of the channel also crosses the support line that gave the initial impetus for growth. And in November, the price has already approached the support zone - the crossing of these lines.
There is a likelihood that in the near future the trend will break and begin to grow, but so far we can only talk about the price movement in the channel.
I expect that from the resistance line where the price is now - 1.561 - it will fall.
The final target is thus the support line 1.536.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
AUDCAD starts FALLING from strong resistanceAfter a significant collapse in October, the price climbed out and now continues to rise steadily. In mid-November, it first touched the support level of 0.958, then moved along it for a while and finally managed to break through.
After the price broke through the level, it fixed on it and started a new strong growth, however, it did not come to the resistance line at 0.971 and stopped.
This line has existed on the chart since May 2020. And during these six months, each touch of the price of this line led to a trend reversal and a fall. There was only one false break. Therefore, I am not inclined to expect a breakout now.
Moreover, we already see that the price reversed after touching the line - which also indicates that the price does not have enough strength to break through it. I think that the maximum that the price will be able to do in the near future is a fall, possibly with minor corrections to the line.
Thus, the final target that I expect is the 0.958.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
NZDUSD touch RESISTANCE line and FALLIn January 2020, the price collapsed very much, falling behind a strong support line. This line has existed on the chart since 2009 and up to this point it has often stopped the price drop.
However, at this rate, the yen was first able to break through during the fall - which occurred as part of an older downtrend. The first serious price collapse occurred in 2018, then it moved relatively evenly for some time on the older TF, after which it collapsed again.
However, at the point 0.547 - the annual low of the price - it received an impulse for growth and, as a result, was able to grow and break through the support line again, this time during the growth.
Now the price is again within the resistance line - which followed the cause of the collapse in 2018 - and therefore I do not think it will be able to break this line. I expect the price to touch it at 0.724, then reverse and fall. Thus, the final target that I expect is the 0.687 support line.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
USDCAD correction and after FALLIn early 2020, the price bounced off the line, received a strong impulse and rallied to an annual high, after which a long and relatively even downtrend began.
One of the main trend lines has been resistance since April. However, at the beginning of June, a support line appeared on the chart, which initially acted as strong resistance, as the chart was moving below it. However, in September the price jumped and was able to break through this line. This was its only breakout, after which the price returned to the downtrend.
Since the price drop started from the strong resistance line at 1.310. And since during the fall, before touching support, the price has already managed to break through several lines, I expect that the support line
1.269 will not be able to break the trend.
After moving along the line, I expect the price to bounce, rise to the resistance level of 1.280 and then fall to the support level. Thus, I expect the target - the support line 1.254.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
EURGBP will FALL and BREAK support lineAt the end of November, during a long and steady decline, the price came to the support level 0.898. I struck it, fixed myself and rebounded. The level served as a basis for the price to break the previous downtrend and start rising.
For the last month, the price is characterized by uneven jump-like movements with sharp drops from growth to collapse. Corrects the support line, which also formed in November after the trend reversal.
Recently the price touched the resistance line at 0.916 and started to fall towards the support. But halfway through the path I corrected myself, moving straight for a short time.
There is no reason to believe that the price will change direction. Therefore, I expect it to continue falling and be able to break through the support line at 0.903.
And then it will go down to the support level of 0.898.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
DXY(Dollar INDEX) Support is not yet reached! Analysis!
Hello, Traders!
DXY, The Dollar Index keeps falling
It takes looking at the 1D timeframe to see the next support level 89-88
Till then, we might see some pullbacks, but the first real support is there
So looking at the chart, it seems like the dollar will keep falling
Before it reaches this support, and only then will reverse and go UP
Buy from support 89-88!
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ETH-4h. The first target has been achieved. Next - $510-520.The sellers exceeded our first target, which we wrote about in the previous idea .
Fear of losing the sweet growth trend forced buyers to launch a counterattack. However, we expected to see high volumes near the trend line. Now sellers have clearly outlined the channel of the fal. The prospect of falling prices to the range of $510-520 remains high.
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EURUSD growth and FALLING in pattern Usually we consider the movement of this pair to more TF, but now I want to focus on the hourly movement of the euro-dollar.
As you can see at the end of November, the price received a strong growth momentum, broke through the historically strong support level and climbed to the next resistance line 1.217. After that, through pullbacks and corrections, a decline began in a small downward channel. Together with the impulse, the channel forms the Flag pattern.
At the beginning of this week, we saw how the price tried to break through the level during the fall, but met the support line of the 1.205 pattern and rose above the level again. Now it is in a minor retracement, which I perceive as a good signal for consolidation and growth.
I expect the price to first rise to the upper border of the 1.123 resistance line pattern, and then from there will reverse and fall to the lower border of the support line pattern.
I suppose that during the fall, the price will still be able to break through the level of 1.207.
The final target is thus the support line at 1.204.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
NZDUSD break strong RESISTANCE zone and FALLIn May of this year, the price received a strong impetus for growth in a short period, rising to the resistance line 0.657. Subsequently, this line will become the determining one for the price movement.
Since May, the price has been moving in an upward trend, but its growth is regularly stopped by the resistance line. The price managed to break through this line only at the end of November, when it filled above the 0.701 point from the support line.
However, during the growth, the price touched the resistance line 0.709. This is a very strong line that has existed on the chart since 2015 and has stopped growth more than once. Therefore, it is not surprising that after the touchdown the price dropped and returned to the smaller, May resistance line.
Now both of these lines have created a strong resistance zone for the price and I do not think that the price will be able to break it a second time. Therefore, I now expect the price to fall from the zone to the support line. And so I am waiting for the final target of 0.677.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
CADJPY start FALL from RESISTANCE After the price bounced off the support line at 79.31 on November 22, it showed a fairly steady rise. During this growth, the price was able to break through a small support-resistance zone, which formed at the highs of the chart back in August.
The zone served as a correction for the price, but after that the price returned to growth anyway and as a result the price came to the resistance line at 81.54. This resistance line has existed since May 2020 and is currently one of the strongest on the chart.
As you can see, the price has already stopped within its limits and for the last three days it has shown a weak flat movement along the line.
During this time, she has already touched the line three times, which I perceive as a good correction to the line. Now we can say that the price is going to fall.
I expect the price to drop from the resistance back to the support zone around 80.60.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
US100 FALLING to support lineSince the beginning of autumn, the price has been moving in an upward trend, the corrections of which are determined by several lines at once. This is a small resistance line from October and a support line from July and September.
Recently, the price just touched the resistance line 12670.0 and dropped sharply to the support line 123411.8.
Despite the fact that the support line is older, we can see how since October the price has already broken it twice during the fall. Both times, the breakout happened after the price came to the resistance line.
Therefore, even now I am inclined to believe that the price will not stop at this line, but will be able to break through it and continue to fall. The target in this case is the next support line in the 11883.5 area.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
LINK/USD Approaching Buy ZoneLink is trading near a support zone in a falling wedge nested within a ascending parallel channel.
This zone corresponds with support from the volume profile and the 0.382 fib retracement level.
It is also exhibiting RSI divergence and is oversold on the Stochastic RSI.
If it finds support, we can expect it to maintain its uptrend within the parallel channel.
Us500 falling to support line The price has been moving in a global upward trend starting this fall. At the same time, its movement corrects two strong lines - support and resistance. The price made the last major breakdown of the trend in October, falling behind the support line, but returned back within a few weeks.
For the last month, the price moves exactly between the lines without making strong breakouts. It is important to note that the lines are narrowing and may even cross at some point. This affects the amplitude of price fluctuations - it becomes less and less.
Just recently, the price bounced off the support line 3696.3 and rose to the resistance line. For the last week, the price continues to move along this line with minimal pullbacks. After the last rollback, she again returned to resistance - let me remind you that this was the first step towards the goal from my previous forecast - and is now ready to fall.
I expect the price to reverse in a downtrend from the resistance line 3698.5. And during it it will come to the support line 3645.2.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
AUDCAD FALLING from strong RESISTANCE zoneAll my forecasts for this currency pair since the beginning of the month have come true.
Price sequentially:
First, it returned from the resistance level to the support line.
Then she took advantage of this line and began to grow.
And recently it has risen from the support level to the resistance line - there it has worked out a signal to buy plus.
And now you and I can see that the price came to the intersection of two resistance lines. One of them has existed since July, the second since May.
Together, this creates a strong barrier to price increases. Therefore, I am confident that the price will fall in the near future. I doubt that the drop will be very sharp without any correction. However, I expect that the price will eventually come to the resistance line.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
NZDJPY comeback to Support linesThe price is moving slowly, so the picture has not changed much. Since July, the price has been moving in the "Wedge", gradually shortening the fluctuations - changes in growth and decline become less and less as the support and resistance lines (both strong) approach each other.
I still believe that the price will continue to fall. Therefore, I expect that soon it will come to the support lines.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
EURUSD FALL after sharp riseThe price of this currency pair has already reached the second growth target, which I spoke about since the beginning of this week.
First, she pushed away from the support zone.
And then it reached the nearest resistance line.
And I expect the price to continue moving up.
What picture do we see on the chart now?
The price continues to grow and it has come to two resistance lines. This is a strong resistance zone and I do not think the price will be able to break it in the end. Therefore, immediately after the price touches this zone, it will stop.
After that, I expect it to turn around and fall again. This time back to a strong support line.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
EURGBP FALLING in channelTo begin with, I want to remind you of my past forecast for this pair, which came true.
I wrote: "The price has so far entered the descending channel and after breaking it approaches the lower channel line - the support line. I expect growth from her."
And we can see that now the price really touched the support line and rose from it to the resistance line. Where the price is now.
In addition, these lines are the borders of the descending channel, in which the price has been moving since September this year. Since the price still showed a large increase before entering the channel, it can rather be called the "Flag" pattern.
By the way, there is a strong level here, which the price has broken through. This is another reason to expect her to fall.
I expect the price to touch the resistance line, bounce off it, and reverse in a downtrend within the channel. The target is the support line.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
NZDUSD Trade +100 p. done. Change directionThe price has reached the crossing of the resistance lines.
She has been going towards this since late last week. Which is what I said in my forecasts.
Here they are. And they came true.
We talked about the price increase from the support line in two stages.
1. The beginning of growth
2. An excellent signal with a profit of 100 pips.
Now the price is on the list of resistance lines (strong zone).
She has already tried to punch them, but I'm sure it won't work. The price will change direction and will fall.
I expect it to fall towards the support line.
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