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NZDUSD 12 03 2021NZDUSD 12 03 2021 LAST WEEK the price showed very strong fluctuations that led to several false breakouts. The last of them - the breakdown of the support line occurred in early March. The price dropped below the 0.717 line, but a few days later broke it again during the growth. After rising above the line, the price rolled back to it, having worked out a good correction. This support trend line was formed in June 2020. In November, the price broke through it during the growth and began to use it as a support. Since then, the only breakout has been a false one in March. I expect that after fixing on the support line, the price will start to rise and come to the resistance line of 0.734. This will be our goal.
Long
by fxpremiere
AUDJPY 12 03 2021AUDJPY 12 03 2021 March for the price began with a false breakdown of the resistance line at 83.83, then there was a strong price collapse, an attempt to break through the support line at 82.31. After that, the price finally returned to the uptrend, which has been adhered to since November 2020. During the growth in this trend since the beginning of March, the price again reached the resistance line and touched it at 84.78. It is already clear that the price reversed from this line and showed a slight downward movement.
Short
by fxpremiere
NZDCAD 12 03 2021NZDCAD 12 03 2021 After falling from the strong resistance level of 0.923, the false breakdown of which the price made at the end of February, the currency pair came to an equally strong support zone of 0.900. In this zone, a historically strong support level and a line that was formed back in October 2018 intersect. It can be seen that the price has already bounced off the zone, but having shown a slight increase, it turned around in the correction and now I expect that the price will first touch the zone again - thereby fixing on it. And then it will rise to the resistance level of 0.923. This will be our goal.
Long
by fxpremiere
EURUSD 09 03 2021EURUSD 09 03 2021 We expected a fall and an increase in prices at the intersection of two channels. global - from the beginning of 2020 and a smaller descending one from December. The price really went down to the lower border of the channel and broke through it. However, now it has come to a strong support zone, which is formed at the intersection of the channel line, the support level and the August 2019 line. I expect the price to bounce off this zone. Will break the nearest resistance at 1.189. Then it will rise to the resistance line 1.201. This will be our goal.
Long
by fxpremiere
USDJPY 09 03 2021USDJPY 09 03 2021 Throughout February, the price showed a strong uptrend. At the same time, in the last weeks of the month, it grew, practically without making a single correction. During this rise, the price managed to make an important breakdown of the strong support line at 106.62. This line was formed in 2015. After the breakout, the price fixed on the line and then broke through the support level 108.37. Now I expect the price to touch the resistance line and then reverse and return to the 109.55 level. Thus, my ultimate target is the 108.37 support level
Short
by fxpremiere
EURGBP 09 03 2021EURGBP 09 03 2021 After the price broke through the resistance line 0.876 in mid-February, it continued to move in a downtrend. The price has been in this trend since September last year. However, after breaking through the resistance, it came to a strong support zone of 0.857. In this zone, the level and the 2015 support line intersect. The price bounced off this zone, came to resistance and came back. Now it is again at the support zone and I expect new growth. The price will bounce and rise to the resistance line 0.869. This will be our goal.
Long
by fxpremiere
AUDCAD 09 03 2021AUDCAD 09 03 2021 #AUDCAD At the end of last week, the price dropped from the resistance line at 0.987 and came to the resistance zone at 0.973. This zone has formed at the intersection of the level and the resistance line since July 2019. The price made a small correction near this zone and broke through it. Now she is in the process of falling from the resistance zone. This breakout is quite important because after it the price continued to fall. And I expect it to fall to the support zone formed in September last year. So my target is the 0.958 support zone.
Short
by fxpremiere
EURUSD uptrend #EURUSD uptrend Despite the strong support line, yesterday the price collapsed to a large volume. Despite the price drop, I still expect its new growth in the near future. The main reason for expecting growth is a rather strong support initiation, in the area of which the price is now. This line has been in existence for over a year, since February 2020. We expect the price to touch this line at 1.193. Then it will rise, break through the resistance level 1.202 and come to the resistance zone 1.205.
Long
by fxpremiere
#NZDUSD on the uptrend#NZDUSD First, at the end of February, the price broke through the resistance line at 0.730, and after returning to the trend, it collapsed and now made a false breakdown of the support line at 0.719. This line has been in use since June 2020. The price has already tried to break through it, but it still returned to the trend. Therefore, now I expect that first of all the price will break through the line during the growth, then fix on it and continue to grow within the trend. I expect the price to rise to the 0.731 resistance line. This will be our goal.
Long
by fxpremiere
CADJPY on decline#CADJPY In February, the price made an important breakdown of the 82.17 I support line. This is the strong line of 2012. And after its breakout, the price showed good growth. However, the growth stopped at another no less strong line - the 2014 resistance. We don't think the price will have the strength to make another major breakout. Therefore, now I expect that the price will turn towards the support zone from the resistance line. Thus, my final target is support zone 82.28.
Short
by fxpremiere
XAUUSD Uptrend 04 03 2021XAUUSD Uptrend 04 03 2021 As you remember, Gold has been in a downtrend since August 2020. At the same time, it showed strong growth several times, such as in November during the US elections or in January during the Capitol riots. However, in general, the trend continues. Nevertheless, I continue to expect the price to rise. Gold has been in a strong support zone for several days now. In this zone, two lines of August 2020 and May 2016 intersect. The price is testing this zone by means of pullbacks and corrections, and yet I expect that it will soon begin to rise. I expect the price to rise and come to the resistance area of 1800.37.
OANDA:XAUUSDLong
by fxpremiere
EURUSD Uptrend 04 03 2021EURUSD Uptrend 04 03 2021 Continuing its movement in the global uptrend that began in May 2020, the price came to the support zone in the middle of this 1.205 channel. This zone formed at the intersection of the strong support level and the line formed in the middle of the channel. And from this zone, we have repeatedly been able to observe the price correction. This time, too, the price touched the zone at the beginning of the week, increased minimally and rolled back again. Therefore, now I expect it to consolidate in the zone and continue to grow. Thus, my final target is the resistance line at 1.223.
Long
by fxpremiere
GBPCAD Downtrend 04 03 2021GBPCAD Downtrend 04 03 2021 In July 2020, the price touched the strong resistance zone 1.763 and collapsed from it. The next time the price was able to reach this zone only at the end of January 2021. And throughout February it moved within it. The price came to the zone during the growth in the ascending channel since September last year. The upper border of this channel also gives the price additional resistance and now I expect that from the resistance zone of 1.763 the price will collapse to the support line. We expect the price to come to the 1.745 support line. This will be our goal.
Short
by fxpremiere
AUDCAD Upward Trend 04 03 2021AUDCAD Upward Trend 04 03 2021 One of the main lines on the chart is the support line formed in October 2020. Despite the fact that the line is not very long, it has repeatedly reversed the price during the fall. In addition, every reversal took place with little or no correction. Recently the price dropped from the resistance line of 0.999 and is now at the support line of 0.983. At this line, the price is well entrenched and now I expect new growth. Thus, my final target is the resistance line at 1.002.
Long
by fxpremiere
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XAUUSD Forecast 02 03 2021XAUUSD Forecast 02 03 2021 The GOLD price dropped a little more and is now in a strong support zone at position 1716.93. This zone is formed by two lines. The first one appeared in August 2020, the second stronger one - in July 2016 Now the main question for all investors is when exactly gold will stop and begin to grow. I think this support zone is the perfect starting point for growth. I expect the price to bounce off it and rise towards the resistance zone. So my final target is the 1800.37 resistance zone.
OANDA:XAUUSDLong
by fxpremiere
EURUSD Forecast 02 03 2021EURUSD Forecast 02 03 2021 At the moment, the price of the pair is standing still and I am extending my previous forecast. Let me remind you that after the price fell from a strong resistance zone, it stopped at the support level of 1.202. From this position yesterday, I expected a fall to the support of 1.196 and after that a new growth began. I am extending my forecast and also expect the price to rise from the lower border of the channel to the upper one. Thus, my final target is the resistance line at 1.262
Long
by fxpremiere