EURGBP Forecast 02 03 2021EURGBP Forecast 02 03 2021
At the end of February, the price of this currency pair dropped to the strong support zone of 0.859. In this zone, the level of support intersects as well as the senior strong line of July 2015. This zone stopped the prolonged fall in prices and turned it towards growth. However, after the growth spurt, the price returned to the zone again. I consider this movement as a correction and now I expect that the first thing the price will touch the support zone again. And then it will rise to the resistance line 0.871. This will be our goal.
Fxpremiere
EURCAD Forecast 02 03 2021EURCAD Forecast 02 03 2021
This currency pair is also moving in a very strong downtrend channel that formed on the chart back in the summer of 2020. And in this channel there was only one significant breakdown of the resistance line. However, the support line is very strong. The price broke through the senior resistance line 1.545 long ago. She appeared in 2012. Then it dropped to support 1.521, fixed on it and now I expect growth. So my final target is the 1.548 resistance zone.
XAUUSD 01 03 2021 GOLDXAUUSD 01 03 2021 GOLD
Gold bounced off the 1726.22 support line and returned to the 1750.38 support line.
This is growth after the big collapse that happened last week. The price bounced off a strong support line formed in June /july 2016.
From this line, We expect the price to rise to the resistance zone. The price will first fix on the line in the area of 1745.77, after which it will break through the level of 1800.41 and rise to the resistance line of 1812.75. From this point it will be possible to start a sell deal. Because from there the price will reverse and fall again into the support zone 1732.45 TARGET
EURUSD 01 03 2021EURUSD 01 03 2021
The price dropped from a strong resistance zone, The 10 hour TF shows that the price has been in a strong growing channel for a long time -
Falling the price approached its middle near the support level of 1.2014, after which it made several bounces and corrections.
Now the price is again at the level in the support zone where the level crosses the line of February 2020. I expect that the price will go down to the support zone, bounce off its lower border at 1.196, after which it will start a new growth and reach the resistance line at 1.258.
Caution long term
GBPUSD 01 03 2021GBPUSD 01 03 2021
The price started to drop from the strong resistance zone 1.418. This zone consists of two lines, one of which appeared in AUG 2018, and the other in 2013! The price collapsed from these two lines at the beginning of last week and is now in the process of a slight correction, however, we expect that after its completion it will continue to fall, as the resistance zone is very strong.
The price will fall and touch the support zone 1.376.
This line was also formed in 2018 and its chill will be enough to stop the fall and reverse the price. Thus, my final target is the resistance line at 1.415.
fingers crossed
EURJPY 01 03 2021EURJPY 01 03 2021
From April 2020, the price eventually came to the resistance line 130.23, which appeared on the chart in October 2019. Having touched this line, the price reversed and is now in the process of falling. I expect it to go down to the 127.86 support zone first.
This zone is formed by two lines - May 2020 and August 2019. Therefore, I expect that, having touched it, the price will rebound in growth. Thus, my final target is the resistance line 130.69.
Lets see how it goes
AUDUSD Forecast 01 03 2021AUDUSD Forecast 01 03 2021
Last week the price touched the resistance line 0.7989 and after that it collapsed.
During the growth, it managed to break through the resistance line 0.784 and the level 0.777
after which it still stopped at the strong support line 0.771. This support line, like the rest of the lines on the chart, has existed on the chart since spring 2020. Therefore, it is not surprising that the price returned from it to the support level of 0.775.
After such a sharp drop, there will definitely be a corrective growth and I expect the price to rise to the resistance line of 0.787.
USDCHF DOWNTREND IN PROCESSUSDCHF Forecast Using trend lines , a clear bullish trend has been identified with strong support and resistance levels also being identified.
After a bullish week in USDCHF, prices have reached the resistance level .
The last candle was bearish indicating possible bearish momentum coming into the markets.
This could indicate a pullback to the support level .
XAUUSD ForecastWe think gold will make small correction before going down
Don't usually analyse gold too much as its too volatile. Think gold is going to climb back to test the mitigation
Gold has formed a correction to the HTF supply now turned demand area
On a day trade purpose, I expect price to wick up to the LTF base high or key level, identified in gold and grey on the chart.
IF these are respected BELOW then price will continue BEARISH
EURUSD Possibility From the chart you can see that there are 2 possible areas to short. DXY looks a little ambiguous as well so what we will do is wait and see which way it goes and then jump in on the correction.
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Bitcoin riding at 50kBitcoin riding at 50k
According to a recent 70-page Bitcoin ( BTC ) is the future of collateral in the finance industry.
The report notes that Bitcoin is very similar to the internet, considering that it is a “blank canvas” on which developers can build creatively upon in any desired way.
Originally, Bitcoin was intended to serve as a cryptographically-secure digital currency. However, digital currency has evolved to be more of a store of value, a speculative asset for trading, and an efficient payment solution that could cause significant disruption in the financial industry.
That said the next step for the benchmark cryptocurrency is still unknown and could take on multiple forms.
EURCAD BUY MOVEMENT EURCAD BUY MOVEMENT
Starting in July 2020, the price has been falling in a descending channel, practically not going beyond it. In February, the price managed to break through the strong resistance line 1.543 during the fall. This line is one of the strongest on the chart - it was formed in August 2012. After the fall, the price moves to the support line - the lower border of the channel, and I expect that it will first touch this line at the point 1.520, and then outflow and rise to the resistance zone. Thus my final target is the resistance zone of 1.547.
RIPPLE XRP SEC FINERIPPLE XRP
SEC Files Amended Complaint Against Ripple, as Pretrial Begins
The United States Securities and Exchange Commission (SEC) has filed an amended complaint towards Ripple, alleging that it willfully misled investors with XRP.
The amended complaint got filed just a few days before the pretrial hearing between the SEC and Ripple, which began on February 22. While it originally accused Ripple Labs and its top executives of violating securities laws with a $1.3 billion XRP sale, the regulatory body is now alleging that Mr Garlinghouse and Larsen intentionally manipulated XRP’s market price by increasing and lowering their XRP sales to suit market conditions.
The amended SEC complaint stated that “from at least 2013 through the present, Defendants sold over 14.6 billion units of a digital asset security called ‘XRP,
USDJPY RESISTANCE LEVEL TO RE HITThe price tried to break through the strong resistance level of 106.11 and hit the resistance zone in the same position. However, immediately after a small false breakout, it touched the resistance line of the ascending channel.
This channel has existed since December 2020. After touching the resistance zone, the price reversed in the fall. Now we see that the price began to work out the correction. However, I expect that the price will first fall to the support line of 104.95 before rallying towards the resistance level. After that, it will push off and grow to the resistance level of 106.00. This is our goal.
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