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GBPUSD IDEAHi traders, GU had a huge run to upside very fast, buyers took control of the market. as for now GU showed no rejection. However wee see movement within a chanel as pointed out that has been respected many times. before the closing of the markets on friday we got 4TH touch on the respected trendline and the pair showed a strong bearish momentum. i am gonna wait till the market opens how its gonna react. but most likely tha pair will reach 143 level soon to meet each weekly ressistance.
by ChrisMTrader
Will EUR/AUD Fly to Complete the Butterfly Pattern?EUR/AUD is trying to make the butterfly pattern on the 15m timeframe. And the trend seems positive here. On this chart, it has started to rise by following the support from 21st January 2021. Right now, it's trying to reach the hurdle( 1.5812 ). It has to cross the hurdle and reach 1.5825 level, to complete the butterfly pattern. So the targets are as following 1.5804 - 1.5812 - 1.5825 - 1.5830 - 1.5970 . But what if it starts to fall? If the trend starts to fall and the butterfly pattern fails with the fall, then the targets are 1.5760 - 1.5765 . And if this breaks the support, then it will hit 1.5740 - 1.5715 . Note: It's a bearish butterfly pattern. After the butterfly pattern, the trend will fall for a short period.
by forextidings
2
USD/CHF is Trying to Move UpsideHere's the 4H chart of the USD/CHF. Right now, it's moving sideways under the hurdle ( 0.8918 ). If the trend moves upside and crosses the dynamic resistance and hurdle trendline, then the hurdle will react as the support. And targets for the uptrend will be the following 0.8960 - 0.9000 . But if it falls and breaks the key level, then the target will be 0.8796 - 0.8760 . Technically the RSI is below its neutrality area at 50. But it's trying to cross this upwards. According to Stoch RSI, the trend is trying to move upwards.
by forextidings
1
Is AUD/USD in a Short Time Fall?Here's the AUD/USD 15m chart. It started to rise from the 19th of March,2020. The actual trend is positive. Right now, it's trying to hit 0.7732 , and for that, it has to cross 0.7728 . If AUD/USD keeps moving upward, then a target for the uptrend will be 0.7740 - 0.7749 . But there is an absolute possibility of the reversal from 0.7732 (nearby level). And if there is a reversal or a fall, then a target for the short time downtrend is as following 0.7705 - 0.7690 - 0.7680 .
by forextidings