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Fxpremiere

#EURUSD 07 04 2021#EURUSD 07 04 2021 #EURUSD the price of this pair develops in waves. Growth waves (usually 2-3) and falling waves alternate. As you can see on the Chart: - in 1995 and 1998, two global waves of decline developed. - from 2002 to 2008 - growth. - from 2008 to 2015, the price was falling (with corrections, of course). - and since 2016 it has started a new wave of growth. Now the price is forming the growth of the second wave, which began to develop in April 2020. I expect the price to complete the rally in the wave before it starts falling. Long-term target for EURUSD 1.284.
Long
by fxpremiere
#EURUSD 05 04 2021#EURUSD 05 04 2021 Let me remind you that since the spring of 2020, the price has been moving in a global upward channel. In early January of this year, it came to the upper border of the global channel and pushed off from it at point 1.234. From that point on, the price fell, forming a smaller descending channel. During the fall in this channel, it came to the support zone of 1.170. In this zone, the support trend line and the support line of October 2019 intersect. The price has consolidated in the zone and now I expect it to start growing, break through the nearest resistance line at 1.189 and continue to grow. Thus, my final target is the resistance line at 1.217.
Long
by fxpremiere
#USDCAD 05 04 2021#USDCAD 05 04 2021 The price of this currency pair has been following a downtrend since April last year. During the fall, it managed to break through the strong resistance level 1.303 and the 2016 resistance line 1.291. Then it continued to fall in trend. The price made at least 6 touches of the main trend lines - the resistance of April 2020 and the support of June 2020. And now it is at the resistance line of 1.255. We expect the price to fall towards the support line from this point. Thus, my final target is the support line at 1.230.
Short
by fxpremiere
#XAUUSD 01 04 2021#XAUUSD 01 04 2021 Over the past year, the price of gold has experienced several strong surges. The first fell on the second wave of covid, then there were elections in the United States, and in January - riots in Washington. Gold dropped after each jump. As a result, the price dropped to the support zone of 1675.94. From this zone, it jumped in early March, then moved along the resistance line 1742.67. And in the end, ok support fell again. After the second swing of point 1675.94, the price started to grow again and now I expect it to touch the resistance line 1725.49, after which it will fall again to support. So my final target is a support level of 1675.94.
OANDA:XAUUSDShort
by fxpremiere
#EURAUD 01 04 2021#EURAUD 01 04 2021 Since May last year, the price has been falling in a trend that was guided by two lines - resistance, also formed in May and support, which appeared on the chart in January. At the same time, the price made false breakouts of both lines. After a strong breakdown of the resistance line, the price returned to the trend at the end of last year - it broke through the resistance at 1.606. Then it tried to break through the support line 1.537, but the fall was stopped by a strong support level. The price has been moving along this level for some time in the border of the support zone and now I expect it to rebound from it and rise to the resistance line 1.567. Then it will fall again. So my final target is the 1.537 support level.
Short
by fxpremiere
#CADJPY 01 04 2021#CADJPY 01 04 2021 In 2021, there were two important breakdowns of the support lines at points 83.80 and 86.07. The first breakdown was in February, the second in March. And both of them speak of strong price growth. Since the first line, which the price broke in February, was formed in May 2013, and the second, which the price broke in March, appeared back in 2009! After the second breakout, the price fixed on the line and continued to grow. Now I expect it to reach the 89.15 resistance level first. Then it will turn around and return to the 86.63 support line. This will be our goal.
Short
by fxpremiere
#AUDCAD 01 04 2021#AUDCAD 01 04 2021 After breaking through the historically strong level of 0.974 during the fall, the price returned to the zone of strong support, which is formed by two lines: July and February 2020. It is important to note that the February 2020 support line served as the basis for the price rise from 0.925 in October last year. And it was during the growth from this line that the price was able to break through the resistance level. This is an additional factor in the strength of the support zone. Now the price is in position 0.950. I expect it to bounce off it and rise - taking into account the corrections, of course - to the strong resistance zone of 0.974. This will be our goal.
Long
by fxpremiere
#EURUSD 31 03 2021#EURUSD 31 03 2021 As you remember, the price has been moving in a downward channel since January of this year. This movement began after the price stopped its growth in the resistance zone of 1.234. And after that she began to fall. Now the price is on the support line of the channel 1.171. It is important to note that in addition to this line, one of the main price levels also passes here. which gives the price strong support. Therefore, I expect the price to rise from this zone to the resistance line at 1.193.
Long
by fxpremiere
#EURUSD 26 03 2021#EURUSD 26 03 2021 However, in early January, the price came to the resistance line - the upper border of the channel - 1.234, after which the decline began. During this fall, the price formed a downward channel. And as a result, falling in this channel, it was able to break through the resistance line 1.197 - the lower border of the ascending channel. This is an important breakout, since after it the price did not correct, but continued to fall, thereby leaving the ascending channel and changing the trend. After that, it dropped to the 1.184 support line, rose to the upper border of the channel, but fell again. Now the price is at the support line at point 1.176, and a strong level is immediately passed. I expect the price to start rising from this zone and come to the resistance line at 1.195. This will be our goal.
Long
by fxpremiere
#AUDUSD 26 03 2021#AUDUSD 26 03 2021 The first line is the border of a small descending channel, which was formed in December 2020. The second one appeared in May 2020. And the last one is the oldest, the first touch of which happened in September 2019! Despite the fact that after the false breakdown of the 0.777 resistance line that took place last week, the price dropped dramatically, I am sure that it will stop in this zone. I expect that from the 0.757 support zone the price will start a new rise and eventually come to the 0.775 resistance line.
Long
by fxpremiere
#EURGBP 26 03 2021 the price did not stop until February of thi#EURGBP 26 03 2021 the price did not stop until February of this year. At this time, it broke through the resistance level 0.866 and the support line 0.869. However, then she returned to the line. The price movement along the line has formed a support zone since February this year. The last time the price rallied from this zone was a week ago, but then returned to it. Now the price is in the 0.856 support zone and I expect it to grow from this hone to the 0.863 resistance line.
Long
by fxpremiere
#AUDCAD 26 03 202#AUDCAD 26 03 2021 price was able to break through this level and moved above it for some time. But in the end, in March, it fell again, broke through the level, fixed on it and continued to fall. The fall in the price stopped only at the support zone of 0.953. This is a pretty strong zone that consists of the January and August 2020 support lines. You can already see how the price showed a slight increase from this zone. I expect the price to continue to rise and eventually come to the resistance level of 0.974. This will be our goal.
Long
by fxpremiere
#EURUSD 24 03 2021#EURUSD 24 03 2021 I want to remind you that the price has been moving in the global ascending channel since February last year. And at the beginning of this year, it touched the resistance line of this channel at 1.233, after which the process of falling began. This fall also fits into a small downtrend channel that formed in October last year. For us, the most important thing that happened during the fall was the breakdown of the resistance line 1.1198, which took place in early March. This line was the lower border of the ascending channel, and after the breakout the price left it. Now I expect the price to bounce off the 1.181 support line and rise to the 1.201 resistance line. This will be our goal.
Long
by fxpremiere
1
#USDCHF 24 03 2021#USDCHF 24 03 2021 After the price was able to break through the support zone near the level of 0.918 in early March, it rose strongly and eventually came to the resistance zone at the 0.936 line. This line was formed in 2019 and after the first touch, the price collapsed back to the support zone. However, moving between support and resistance, the price rose again to the 0.936 line. I expect the price to reverse from this line and fall towards the support zone. Thus, my final target is the 0.918 support zone.
Short
by fxpremiere
#GBPUSD 24 03 2021#GBPUSD 24 03 2021 This week we have seen a strong price collapse from the resistance line 1.393. This line appeared on the chart in December 2020. During its existence, there was one strong breakdown, but after its completion, the price fell again, returned behind the line and continued to fall to support. Now the price is not far from the strong support zone of 1.367. This zone formed at the intersection of two lines. One of which has existed since September 2020, and the second since April 2010! Therefore, I expect the price to rise from this zone and come to the resistance line. This will be our goal.
Long
by fxpremiere