As we can see on the chart, we still expect the price to fall and it is better to look for Short positions on this symbol for the next week. FX:EURJPY ⚠️ This Analysis will be updated ... 👤 Arman Shaban 📅 12.Sep.2021 ⚠️(DYOR)
And so, at the end of this week, the price managed to go beyond the level of 1794.835. Will the instrument be able to fix above this level... Nevertheless, it is assumed that the price would still remain in the range of 1794.835 - 1812.325. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
- Gold prices edged higher on Thursday but remain below key resistance levels. The yellow metal was able to remain buoyed as the dollar dropped and the Euro rallied following the ECB decision. The key item was Lagarde arguing to the market that a decision to slow the pace of asset buying under the institution’s pandemic emergency program didn’t amount to...
And so, the instrument is located between the levels 1.42100 - 1.35690, which, respectively, are the key lines of resistance and support. The medium-term movement of the GBPUSD depends on these levels. At the current stage, there is a suspicion of the formation of a "triangle". Most likely, the price will be within the limits of this (possible) formation. In...
And so, on Thursday the Euro demonstrated the protection of the level of 1.18025, which strengthened the hopes of buyers not to close the instrument in the red zone at the end of this week. In this regard, the target for Friday is the level 1.18595. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
And so, GOLD would test 1769, there is strong support there, the sellers will be stopped at this level. To continue the upward trend, the full protection of the level 1769 is required. Breaking down of this level will not have a good effect on purchases. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
And so, oil is at a key point. However, oil is expected to fall to 70$. There is a strong support zone at this level. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
And so, the Euro, as expected, retreated to the 1-st support line at 1.18025. Sales here have been stopped, but it is unlikely that they can be stopped at all. If in the very near future the price does not rebound from this support, then the 2-nd line of defense for the Euro will be 1.17530. Consolidation at the 1.18025 level is likely to lead to a fall as...
And so, gold is making attempts at stubborn resistance at the level of 1794.835 after the price break down. In case of failure, the instrument will have to go down to the level of 1769.045. If gold can strengthen at current levels, the next mark is 1812.325. For further growth, the instrument needs to be fixed at the level of 1830.495. Remember, there is no...
And so, given the strength of the US dollar at the moment, as well as the fact that oil prices are likely to decline in the near future, the Canadian will weaken. The 1.26320 level is a good starting point upwards. The first expected target is located at the level of 1.27339, then, potentially, nothing should prevent the price from reaching 1.284460. Remember,...
And so, apparently the currency pair is at the stage of the formation of the "triangle" model. The GBPUSD is near the support level 1.37405, but it is hardly worth expecting protection from buyers here. Therefore, the price expects the level of 1.35690. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
Hello Traders, here's your free outlook for CADJPY! Don't forget to smash the LIKES, COMMENT, and FOLLOW button to support the channel :) ! CADJPY already impulsively rejected multiple rejection area. Recently, CADJPY has broken the lower trendline of rising wedge pattern. The momentum indicator is also pointing downward in the neutral area, indicating that...
And so, all in favor of buyers, but until the level of 1830.495 is overcome, it is too early to celebrate victory. The main support levels are 1812.325 and 1794.835 (where the price can potentially fall). It is expected that the price will be exactly on these levels in the near future. Remember, there is no place for luck in trading - only strategy! Thanks for...
And so, the coin continues to confidently fix above the level of 47844.60. At the moment, the level of 52495.95 (1-st resistance level) is being tested for strength. Further rapid rise in prices is doubtful. A slight pullback is expected, and then nothing should prevent the level from reaching 58326.25. While the price is in the range 47844.60 - 52495.95, the...
And so, the bullish sentiment remains for GOLD, but in the near future the price range will be the zone 1830.495 - 1812.325 (possibly expanding the range to 1794.835). The next expected target is 1865.695. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
And so, for the expected hike up EURGBP, the price needs to overcome the level of 0.85830. Further, the main resistance will be the downtrend line and the level of 0.86400. In case of successful breaking through of all the indicated zones, the price will undoubtedly rush to 0.87120 and higher. Remember, there is no place for luck in trading - only...
And so, after another price increase to the SELL-zone (price range ~ 72.80-73.65), the instrument pushed off. The previous rate is maintained, and it is expected (during the next week) that the price would approach at the first support level at 69.95. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
Looking on the daily time frame, we can see that from fall of 2020, the DXY carved out a solid trend line that the price bumped up against several times before breaking through earlier this summer. However, the breakthrough created a rising wedge pattern which showed signs of breakdown friday of last week. Price action has since fallen through the rising wedge,...