AUDCAD: bearish hit led to fallDuring yesterday's day, the price collapsed and broke the channel line 0.991. It has been a strong upward channel since early February. However, the breakdown occurred even without correction, which indicates the force of the fall. Therefore, in the near future we can expect that the price will drop to the price level of 0.973.
SL - 0.984.
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GOLD: the "crisis" asset is no longer needed?Despite the short-term growth, gold has not yet been able to break the downtrend, which has been going on since August 2020. It is understandable that the world will slowly climb out of the pit of the crisis, investors have felt a little stability. The other day the price has risen to the price level of 1815.89. And now we can expect that it will fall again to the level of 1764.65.
SL - 1834.50.
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CADJPY: adheres to the established channelDespite a small breakdown in mid-February, the price continues to move in the small upward channel that was formed in January 2021. Yesterday it just turned around at support 83.26, but stopped short of resistance. Now we can expect the price to rise to resistance and fall to support at 83.53.
SL - 84.28.
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EURUSD: which is stronger - trend or level?The price continues to move in an uptrend that it started in February this year. Last week, it bounced off the border of the trend and the price level of 1.204, and then continued its growth, simultaneously breaking through several price levels. Now it is at position 1.216 and has been showing good growth since yesterday. I am inclined to believe that the price will rise a little more and then fall to the price level 1.209.
SL - 1.222.
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USDCHF: when will the fall start?The price did not return to strong growth after the completion of the head and shoulders pattern. It still shows uneven movement with very strong spikes and falls. Once again, pushing away from the price level 0.891, the price reached the level of 0.900, fixed on it and began to fall again. Now, apparently, another correction is taking place after which a new fall will begin. We can assume that the fall will continue to at least the level of 0.891.
SL - 0.901.
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EURJPY: will the trend break?The price collapsed from point 128.3. This is the third strong characteristic collapse over the past two months. After such a collapse, the price usually began to correct. This time, the price also started to rise, but the deals are not so big. Nevertheless, we can expect that it will touch the level 128.3 again, after which it will correct to the level 127.6
SL - 128.6
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NZSJPY: Should We Expect Correction After Growth?The price has been following an uptrend since October last year. Within the trend, it moves with clear and strong alternations of growth and corrections, at the highs and lows of which price levels are formed. Now the price has just bounced off one of them. It is likely to rise to the 78.02 point and then return to the 76.50 level.
SL - 78.6.
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AUDUSD: the price is uncertain what it wants to form a patternYes this is definitely not the most obvious Head and Shoulders in the world. And during the previous growth and during the formation of the "head", and now the second shoulder, the price behaves very sharply and makes strong corrections. However, we can still expect that after the completion of the growth within the framework of the formation of the second shoulder, the price will collapse by the volume of the previous trend. Let's take the intermediate target for now - 0.771.
SL - 0.785.
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GBPUSD: should we expect a trend reversal?The pair has maintained a strong growth since November last year. The basis of this growth is corrections, which account for about 60 +% of the upward movement. Recently, the price just touched the high of 1.395 and pulled back to the level of 1.384, which just made up about 60% of the volume. So the next price move is a new growth after which a trend reversal is likely to occur. The intermediate point of the movement is 1.398, the final one is 1.384.
SL - 1.402.
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EURCAD: can the price break the trend?At the beginning of this year, the price returned to a downtrend. The main lines of this trend start from August (resistance) and March (support) 2020. Also noteworthy is the price level 1.532, where the price is now. There were frequent corrections from this level. Now the price will bounce off it and rise to the 1.544 line. After that, either it breaks the trend or drops to the lower border 1.518 - we will wait.
SL - 1.549.
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USDCAD: bearish trend and fall to support.After a sharp rise to 1.287 at the end of January, the price reversed again in a bearish trend. Within this trend, as in a similar situation, zones of strong growth and fall alternate in January, so that the price as a whole evenly touches all the lines. Now the price is at the upper border of the trend at 1.269. Most likely, it will not break the sequence and after the rise there will be a fall to the level of 1.262. SL - 1.273.
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AUDUSD: starts a new correction after the growth rateThe pair repeats the pattern it followed in December. First, there was a sharp jump in the rate from 0.760, then a long fall (last time it was almost two months) with corrections and pullbacks. Now there is another growth spurt and touching the level of 0.780. Further, the price will likely start to fall. It is too early to say whether it will fall again to the level of 0.760, but a fall can be expected to 0.771. SL - 0.785.
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GOLD: how do price fluctuations end?Last week, gold was quite unambiguous and moving predictably, but on Friday, having begun to fall, it suddenly stopped and is now in the process of multiple corrections, practically not moving from place. The price fixed at the price level of 1826.08 and again showed a fall from it. It is not clear until the end whether there will be another correction or the price will still fall from this point. but in any case, the price should come to the lower price vron 1792.4.
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EURJPY: completion of the third wave of growthThe chart shows the tendency of the price to move in waves. First growth, then correction and rollback, new growth, and so on. At the same time, the first two waves of growth turn out to be very small, rather acting as a correction themselves. But then the price makes a jump and works out a large amount of movement at once. Now the price is in the process of forming the third growth wave. Most likely it will touch the price level of 128.05 and then work out the rollback and fall near the 127.39 zone.
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GBPJPY: will return to trend after breakoutSince December last year, the price has been in a very strong uptrend with virtually no breakdown of trend lines. But last Friday there was a breakdown of the resistance of 145.5, after which the price continued to rise. This is a strong and sharp leap, so it is very likely that this growth will not last long. Moreover, the price resistance level is located nearby (many touches with a large TF), so we should expect that, having touched the level of 146.6, the price will return to the trend and fall to its lower line 144.9.
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NZDJPY: will the price be able to break through the level or no?The price continues to show a very strong rally, which it started at the end of last week. It almost approached the level of 76.3, after which a fall can be expected. The price can break the level, but most likely the breakout will turn out to be false, since the level is quite strong and has many touches. But this cannot be ruled out. And yet a more likely outcome of events: growth to the level of 76.3 and then a fall to the level of 75.3.
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GOLD : intermediate target achieved, falling continuesOkay, the price did rise to the level of 1846.62 and then bounced back and reversed in another decline. But that's what we were hungry for, right? Therefore, we continue to expect a fall. Moreover, the price has already broken through the next level 1826.08. Now it goes down again and comes at least to the point 1792.48. But whether it can fall even lower, we will find out next week.
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EURUSD: : how much will the price fall?Well, the price really rose to the level of 1.215 after the trend reversal at the level of 1.196. And as it was said from this point of the beginning of the fall. Now the main question is how far the price will fall. I see two flaws in the situation. 1 - the price will work out a rollback in relation to growth and start a new rise from the level of 1.202.
2 - the price will break through the level of 1.202 and fall to the base of the previous trend at the level of 1.196. As you can see, in any case, we have an intermediate target - the level 1.202.
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GBPUSD: bearish reversal and market entryThe growing trend that has continued since December 2020 is coming to an end. The price rose due to strong growth spikes and corrections, pulling back the price by 50 +% - the final growth was obtained due to the difference between the jump and pullback. After a strong growth from the level of 1.364, the price came to the current maximum of 1.385. Following the trend, it will now roll back on average by 50-60%, the expected target is around 1.373.
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USDCAD: falls into the breakdown zoneFor two and a half months (starting from December last year) the price has been keeping a fairly calm, even movement. During this movement, a direct channel was formed between the levels 1.286 and 1.269 - this is the main price movement. However, the price will periodically break through these levels. And new points are formed at the highs of the breakouts - for the upper border of the channel, this is the breakdown level of 1.290. For the lower border - 1.260.
Now the price is just at the lower border of the channel and further (a slight correction is possible) it will break through the channel and go down to the lower breakout border - 1.262.
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CADJPY: rollback more than 70%The price maintains an uptrend since October last year. The key to such a long and steady growth is a large number of corrections. After each strong rally, the price retraces about 70 +% of the previous growth. And it continues to grow from a new level. When analyzing, you can focus on price levels at which the extremes of growth and corrections fall. Now the price is at its peak at the level of 82.64. Its next step is to drop to the 81.63 level.
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EURUSD: repeating periods of movement as a sign of fallingIn November, the price broke through the price level of 1.196 and rose to the maximum level of 1.232. In the process of growth, periods of growth and decline noticeably alternated (strong movements with a large number of transactions). From the level of 1.232 at the beginning of the year, the price began to fall. And after exactly the same obvious collapses and corrections, the price dropped back to the initial growth rate of 1.196. And from this point, the price began a new rise. It has already broken through the intermediate level 1.207 and is ready to rise to the point 1.215 after which it will most likely fall back to the level of 1.196.
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EURJPY: movement in the break zone and return to the main trendAfter a strong jump in prices in December last year, the pair is moving in the zone between the two levels of 125.9 and 126.7. This is the main trend. However, the price regularly breaks through the level collapse. And at the peaks of these breakouts, two additional price levels formed, affecting the movement. Last week, the price just broke through the level of 126.7. Now it continues to grow and is likely to come to the breakdown level of 127.4. After that it will return to the main trend zone and fall to the level of 125.9.
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