looks like GBPJPY tested resistance level and closed with bearish engulfing pattern. if currency continues to the downside we will consider opening a trade and target support levels for big profits.
The rise in the price of gold has continued since the beginning of the week, however, correction in relation to the main downtrend that has existed since August 2020. Having bounced off the level of 1679.67 at the end of April, the price began to grow. During this growth, it was able to break through the support line of August 2020 - 1737.17. After that, it fixed...
The price has been actively increasing since April 2020. At the same time, of course, there were collapses, but in general, the upward trend has been preserved all this time. The basis of the growth is the support line, also formed in April. During the growth, the price was also able to break through the 1.340 support line, which had previously been a correction...
Last week the price came to the resistance 152.15. This is an important line on the chart - the top line of the rising channel. The channel was formed in 2019. The price broke it out but came back in March 2020. And since then has been growing in the channel. From resistance 152.15 the price turned around and started to fall. It has broken through the strong...
Since August, the price has been in a downward channel. In early December, the price came to a strong support at 1814.55. And last week it broke through the support line (the upper channel line) 1857.53. Thus, leaving the channel and changing the trend to an upward one. Now the price is at the local support line (since September). The price moves towards the...
As I said in the previous forecast, the price begins to fall from a strong resistance line, although it is doing this quite slowly so far. Its fluctuations are caused by the presence of the support-resistance level right there. However, I am still convinced that the level will not be able to stop the price decline. First, because recently we have already seen a...
During strong growth since the beginning of November, the price has broken through the upper line (resistance) of the ascending channel in which it has been moving since the beginning of 2020. Then it came to the strong resistance line at 0.710. And from her began to fall. This is one of the strongest lines on the current chart. She was educated in 2015. Over the...
Gold passed part of the way according to the plan outlined by us earlier - namely: it rose to the resistance zone. From the support level of 1766.34, the price jumped and rose to the resistance level of 1798.39. There is a very strong resistance zone at this level. It is formed, firstly, by the level of resistance itself. Secondly, at the same place, the level...
Today i have carefully analyzed a great harmonic setup for the bears on the GBPCHF currency pair. I have displayed my analysis here for you to review and I hope it helps with your trading today. I would also love some feedback.