EURUSD FALL after breakdown and fix on RESISTANCE levelAutumn has become a period of quite impressive growth for this currency pair, the price rises to the highs that the last time reached in 2018. However, now the price is on the way - a strong resistance level 1.221. And also, passing nearby, the line of resistance. She is the youngest, formed only in September. But, on the other hand, without a single breakdown.
The price moved up to the resistance zone after it managed to break the 1.196 support line in early December. The price broke through it, rolled back and fixed on the line, which provided the basis for strong growth. During this growth, the price came to the resistance line 1.217, reversed from it, but eventually began to grow again. It broke through the level, touched the resistance at point 1.227 again and began to fall.
I doubt that after two touches and two subsequent falls - taking into account the breakdown of the level - the price will have enough strength to grow. Moreover, after the last breakout, it has consolidated at the level of 1.221 and this suggests that the price is ready to fall.
Thus, I expect the price to fall from the resistance level to the support line at 1.204. This will be our goal.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Falling
USDJPY will grow to RESISTANCE line and FALLThe price continues to fall in the course of a long downtrend, which began a new round in July this year. At the same time, a resistance line was formed on the chart, which became a guide line for the trend, preventing the price from rising higher.
During the fall, the price came to the level of 104.02. Since November, she tried to break through this level and go down beyond it, but most of the breakouts were false. The only really serious one happened during the US elections.
However, in mid-December the price still managed to break through the level and go down to the support zone of 103.46. This zone originates just at the November low. This time, the price moved in front of the zone for some time, broke through it during the fall. Then, again during growth. And now it is above the support zone.
Since the zone provides a good impetus for growth, I expect the price to rise. However, I don't think it will be able to break through the resistance level. Therefore, I expect such a goal. First, the price will rise to the resistance line since June of this year at 104.18, then it will bounce off, break through the level and fall to support 103.46.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
GBPUSD 173 p. profit - DONE. Next - FALLMy idea went perfectly and brought us 173 p. Profit! And now the price is in a position that will bring us a good profit again!
Remind you that after falling in August, the price is moving in an uptrend, but now it has run into strong resistance and is unlikely to grow stronger. As I said last time, after the price touched the 1.330 support line, it bounced and rose to the 1.369 resistance line. This is a very strong resistance zone as it is formed by two intersecting lines. One of them was formed in 2018 and the second in 2010 (!). And that gives the price a good reason to fall.
Moreover, this is not the first time the price touches the line. Last week it came to resistance, broke through the younger line, but stopped at the older one and fell from it to support. Therefore, even now I can expect the same behavior from the price.
Thus, I expect that after touching the resistance line 1.359, the price will fall to the support line. The final target I expect is the support line at 1.333.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
GBPJPY FALLING from RESISTANCE lineAfter in May 2019 the price broke through the level of 139.60 during the fall, it began to double along this level, every several months, either rising above it, or dropping beyond it.
This movement is regulated by two main trend lines, support - formed in August 2019 and resistance, which began to form in April 2018.
In August of this year, the price touched the resistance line at point 143.139, after which it fell and broke through the level.
For the last six months, the price has been moving between the resistance level and the support line, making only false breakouts. She didn't manage to change the trend and grow.
However, at the beginning of November, the price again touched the level and this time did not begin to fall, but continued to move with minimal deviations from the level. This move was accompanied by a series of false breakouts.
Now the price, after breaking through the level, stopped above it and I expect it to rise to the resistance line 141.681, and then reverse, break the level again and fall to the support line. So I expect the target - the support line 135.684.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
AUDUSD FALLING after FALSE breadownThis currency pair experienced a rather impressive collapse in March this year. However, after the collapse, the price almost immediately started the same strong and strong growth and quickly recovered in positions.
And after that, it continued to grow. During the growth period, it broke through the 0.690 line. And this line later became a strong support for the price. The price fixed on it, pushed off and rose to the resistance zone at the intersection of two resistance lines at 0.742. As expected - after that the price dropped again. However, the resistance was not strong enough to provoke another collapse.
The price stopped again at the support line. And it already showed really strong growth, during which it was able to break through the support line 0.743. And also make a false breakdown of the resistance line 0.759.
After this false breakout, the price returned behind the line again. I expect that the price will first work out the correction to the fall and touch the resistance line again, and after that it will start to fall. Thus, I expect the final target - the support line 0.743.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
EURGBP FALLING after breakdown RESISTANCE lineSince the beginning of last week, the price has been trying to break through the strong resistance line at 0.917. Each time, 0.901 support was the basis for a strong spasmodic growth.
This is the zone that was formed in October and regularly adjusts the price during both rallies and falls.
Both times, after the price touched the resistance, it fell back to the zone. And each time during the fall and growth, it broke through the resistance line which has been on the schedule since June.
And now, after the rebound from the resistance line at 0.917, the price has broken through the resistance line at 0.911 and continues to fall. I am sure that it will continue to fall, as in both previous times - the situations are very similar.
Therefore, now I expect the price to fall from the resistance line to the 0.900 support line - within the boundaries of the designated zone. This will be our goal.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
AUDCAD on strong RESISTANCE zone - FALLINGAfter the price for a long time - from October to December - moved below the support line, it finally returned to an uptrend. This trend started in July of this year and is formed by two equivalent lines - resistance from July and support from June.
The price did not break through the resistance line even once, but for the support it collapsed quite seriously in October. But at the end of last week, the price again broke through the support line at 0.965. This time already in the process of growth. And for the last few days it has been following the growing trend movement.
During this movement, the price reached the resistance line at 0.974 again. Immediately collapsed from her to support immediately grew again. Such a rapid growth-fall change may indicate a good consolidation at the resistance and the willingness of the price to fall again.
Moreover, there is also a zone near the resistance line. This zone combines two price highs. The first touch was in 2018. That is, the price is now at the point of a two-year high. It is very unlikely that she will pierce him.
Thus, I expect the price to fall towards the 0.967 support line. This is our goal.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
US100 FALLING to SUPPORT lineAutumn was very hectic for this index.
Global and local news led to strong price fluctuations with large spikes and falls over short periods.
But since late November, the price has entered a relatively moderate uptrend between the support and resistance lines. She hit the trend after breaking the support line
12250.2 and continued to rise until it touched the 12673.7 reversal line.
Here you need to take into account that the support line on this graph is the oldest, it has existed since July this year. The resistance is younger - all from October. However, during this period there were several touches of the line and none ended with a breakout. Each time the line reversed the price downward.
At the beginning of the week, the price came back to resistance at point 12748.5 and immediately after that fell sharply. But, without reaching support, it grew again.
After such a sharp jump, I do not think that the price will be able to break through the resistance line and rise. Moreover, we can already see on the chart how the price began to fall without even touching the line.
Due to this, I expect the price to fall. Thus, the final target I expect is the support line 12478.6.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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 👩💻
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!
Like, comment and subscribe to boost your trading!
See other ideas below too!
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.
_________________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
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.