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Forex-analysis

USD/CAD - 20/10/2021(H4) - USD/CAD looking very bearish right now, we failed to hold below support of 1.23465 however soon as we came back up to that trendline price hit traffic attempting to push higher and failing. We have multiple wick rejections, indecision on the bearish trend and now we have seen that bearish push. Looking for targets down to 1.23202 (M15) - USD/CAD already broken structure of 1.23465, just need to wait for some kind of pullback now to look for entries with targets down to 1.23137
Short
by Official_VIFX
GBP/JPY - 23/09/2021(H4) - After a convincing break and close below 149.317 GBP/JPY failed to hold below and closed back into structure before retesting and bouncing (break out break back in). I am anticipating price to get back up to 150.128 to complete this consolidation however, we do need to be weary as GBP/USD is looking like sells all the way last. (M15) - Strong break above 149.804 (Known level of resistance. Starting to pull back nicely and forming a wick now as we speak. This looks like a perfect entry back up to 150.116. We also have our LTF trendline which price recently bounced off forming that cup and handle pattern - eyes on M5 for buys! What are your thoughts? Let me know in the comments below.
Long
by Official_VIFX
One thing about success there are going to be many struggles An update of the technical analysis of the gold weekly chart. I still see there are many indicators that indicate that gold (xauusd) prices are still on their way to upward, and there are no indications that gold prices are in a near to collapse. In short term the gold prices are slightly declining because there is pressures from the buyers to bring it down to better price zones. This only will push the prices to rise to higher levels after the correction.. No more than what I can believe in the price now in zone of supply and demand zone. Moreover, with help of the Fibonacci extension tool I can notice the price now is between the 50% and 61% as I call it the golden zone which is the buying zone the raw demand zone. no more than this! lastly, the oval illustration that I have added is not a correct measure, but only to clarify that trading can delay in giving results and profits and not according to the expected or specified time. " DON’T LOSE YOUR SELF IN FEAR DON’T LOSE YOUR SELF IN DOUBT Dare yourself to be better Dare yourself to be unique " Be Patient OANDA:XAUUSD
FX:XAUUSD
by a2ip