GOLD: when will the correction end and the movement start?Gold is still in the 1734.83 correction zone. This zone formed in the middle of a global downtrend that has existed since last August. At the moment, the price has been moving in the zone for almost two weeks, while naturally descending minimally in the direction of the trend. However, we can expect the price to complete the correction, leave the zone and rise to the resistance of 1780.52.
SL - 1702.39
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Buysignals
EURUSD: continues to form a downtrendFrom October 2020 to January 2021, the price increased. But in January there was a trend reversal and since then the price has been forming a falling channel. She has almost dropped to the start zone in November. With this channel, there is a noticeable alternation of rates and corrections, and right now the price is in the process of forming such a correction. It can be expected to fall to 1.176 and then rise to the 1.188 price level.
SL - 1.169.
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NZDUSD: return to the channel and growth in the channelSince February last year, the price has formed an ascending channel. At the same time, it quite often broke through the boundaries of this channel, but each time it came back. During the rise in the channel, the price was able to break through the 0.699 support line. This is a very strong line that has existed since 2013. Now it acts as a price support. At the beginning of last week, the price broke through the channel border at 0.725 and dropped to support at 0.696. So now we can expect a new rise to the resistance at 0.713.
SL - 0.685.
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AUDUSD: continuation of the turn or scrapping?The global upward price movement that has persisted since April last year is supported by a strong support line for the same year. The price touched this line no more than 5 times, but after each touch it bounced off and started to grow. And now, when it has come to the 0.757 line, we can also expect an increase to the price level 0.781.
SL - 0.745
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GOLD: has the price changed its mind to grow?Despite the generally continuing upward trend that the price started in the first week of March, the price has not advanced much towards resistance. Growth is accompanied by very frequent changes of growth and decline. Now the price is in the correction zone at 1726.52. However, it still makes sense to expect continued growth from this zone to the resistance of 1774.16.
SL - 1697.14.
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EURJPY: breaking the trend and forming a new channelAt the end of last week, the price stopped at the 130.64 trend line. Then it fell to the lower trend line 129.91. It was able to break it and continued to fall, thereby forming a new small downtrend. Within the trend, the price has already worked out the correction, but this did not stop the fall. And now we can expect that the price will first come to the trend line 128.05, and then turn around in another correction and rise to 128.69.
SL - 127.76.
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USDCHF Reversal! Soon Time To Long Hi Everyone
1DTF - Currently printing a Reversal pattern *Inverse Head and Shoulders
* Right shoulder is currently in formation
* enter trade once we complete the right shoulder with a candle close
outside the resistance
alternatively you can also wait for a back test of the neckline and then Long
* SL will be below the last Swing low
*Target determined via a measured move from the apex of head to the neckline
giving about 6 % .
All labeled and shown on the chart , any ques then ask , Like and Follow for more setups
Please note this will take until May too play out so set alerts or follow the Idea within TV
to ensure you dont miss out .
NZDUSD: will it leave the channel or will it continue to move?The price has been moving in an uptrend since March 2020. At the same time, several price levels formed inside the trend, correcting the movement. Now the price is just at this level of 0.722. It can be expected that it will correct from it to the lower boundary of the channel at 0.710, and then continue to rise to the yen level of 0.736.
SL - 0.695.
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GOLD: it's time to work out the lost volumeThe development of the price movement is still taking place within the downtrend that formed last August. In early March, the price touched the lower trend line - support at 1684.45. Then it rose and fell into the correction zone. In the zone, the price worked out the rollback and now returned to position 1721.01. And now we can expect continued growth to 1783.08.
SL - 1689.55.
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GOLD: growth as a correction to global fall
The price continues the period of growth in the bearish trend, which has been adhered to for the last half year. In February, one of the longest and strongest price drops in this trend began. But now we can expect that the price will at least correct the fall, moving up to the upper border of the trend. It is already at the correction line and will break through 1740.57. And then it will rise to the resistance of 1774.58.
SL - 1704.86.
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EURUSD: breakdown of the correction zone and further growthAs we expected last time, the price continued to rise in the correction zone. Now it is working out a small correction, but nevertheless, we can expect that the price will touch the border of the 1.195 zone. I suppose that it will have enough strength to break through the zone, gain a foothold on it and continue to rise to the upper border of the 1.200 downtrend.
SL - 1.189.
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EURGBP : will the price have enough strength to grow in a trend?Since mid-December, the pair has fallen sharply. And now it continues to fall adhering to the lower boundaries of the formed trend. The pair moves between the thread lines and the resistance line in the middle of the channel. Now we can expect that the price will correct to the support of 0.852 and after that it will rise to the resistance of 0.861 (along the way, breaking through the nearest resistance of 0.858).
SL - 0.847.
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GOLD: long-term growth forecastWe had been expecting the price to rise for a long time, but gold has been falling for several weeks. Now the price is close to a strong support at 1689.45. She has already pushed off from this zone and showed a little growth. We can expect that the long fall will end and the price will rise to the resistance line 1779.42 through corrections.
SL - 1647.10.
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EURCAD: growth or correction?The price bounced off the support line at 1.498, which has been supporting the price since November last year. In general, this movement falls under the influence of a global downtrend. However, right now we can expect the price to rise to the correction zone 1.514.
SL - 1.492.
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EURUSD: Should We Expect a Correction to a Fall?As I said last time, the price collapsed by the volume of the trend preceding the pattern. Now the price is at the 1.184 price level and a slight price growth can be expected from this point. Think of this rise as a correction to the price level 1.195.
SL - 1.178.
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NZSUSD: reversal and continuation of the bullish trendSince March last year, the price has been moving in an uptrend. During the movement, the price tested several historical levels. It recently dropped from the upper trend line at 0.744 and reversed its decline. Now we can expect the price to complete the fall, touch the 0.704 support and rise at the 0.736 price level.
SL - 0.691.
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GOLD: forecast extension, price is ready to riseWe extend my previous forecast as the price is still in the support zone, although it has already tried to leave it. however, the growth turned into a correction. So now we can say that the price is fixed on the zone. I continue to expect growth for this reason. We can expect that from the strong support zone at 1689.45 the price will rise to the resistance at 1773.22.
SL - 1644.60.
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EURJPY: growth after a long pause at the price levelThe price continues to move in an uptrend, but for the past few days it has been "stuck" at the 129.31 price level. Today it pushed off from it and almost touched the lower trend line 128.8, and now we can expect that the price will rise from this line, break through the level, fix on it and come to the price level 129.89.
SL - 128.54.
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GBPJPY: the price got into the correction zone and reversesAfter breaking through the resistance line in February this year, the price returned to the ascending channel and continued its growing movement and has existed since January 2021, so we will consider the detailed upcoming movements. The price is at the level of 150.43. It can be expected that from it it will fall to the channel border - support at 149.68, after which it will rise to the upper border of the channel - resistance at 152.11.
SL - 149.27.
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GOLD: : extension of the bullish forecastI am extending my previous forecast as gold has reached my intermediate target - the 1684.49 support zone. Hence, we can expect growth to the resistance line 1774.33.
SL - 1649.22.
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EURJPY: picking growth at the previous highThe price rose from the support trend line as we expected last time, after which it made two small corrections, consolidated at the level and now we can expect its growth to the previous high of 129.89.
SL - 128.9.
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AUDCAD: correction for the fall from the support zoneIn addition to the main price levels uniting price extremes on the chart in February, additional trend lines were formed for a slightly downtrend. The price is at the lowest of them - support at 0.976. It can be expected to rise to the resistance of 0.982.
SL - 0.973.
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