Dana16

Dana16

At the moment, USD/CAD is facing the key resistance 1.2471 and we have a nice formation of the cup and handle pattern. Generally, if the cup and handle forms after a downtrend, it could signal a reversal of the trend and according to my analysis, the trendlline resistance is already broken and a breakout above 1.2471 level as well, may indicate that bulls are...

Dana16

At the moment, EUR/USD is trading above 1.1850 and facing a strong support at 1.1835 ( lowest level since April 2021). A breakout under 1.1835 support, my targets will be: 1.1695 and 1.1671 If you have a different view, please share, I would love to hear your analysis.

Dana16

Once again, the British Pound is reaching the major resistance level (1.3750) which has been tested multiple times but it hasn’t been able to break above. Now, from my point of view, apart for the major resistance since 2018, we also have the previous trendline support which turned resistance. If the previous trendline support (now, resistance) and the...

Dana16 Updated 

At the moment, the price is facing a strong support formed since May 2020. A few attempts were made but nothing confirmed, so the price can move either way: 1.The trendline support is respected and price continues up to the major resistance zone 1.215. or, 2. The trendline support is broken and the price moves towards 1.195 support. If you have a different...

Dana16

USD/CAD broke the resistance zone of 1.280 -1.284 and formed a Double Top Pattern. I expect a retest of the previous resistance that now became support and further bullish continuation. If you have a different view, please share, I would love to hear your analysis.

Dana16

On the 20th of Jan, the British Pound reached the highest since 2018 and since than is been trying to move upwards towards 1.380 (back from 2018). The price has been ranging between support and resistance creating new Higher Highs and Higher Lows each time. If the horizonal and trendline support is broken, my target will be 1.355. NOTE: wait for...

Dana16

At the moment, USD/CAD is testing the resistance zone (1.280-1.284). If the resistance is respected, a breakout under 1.278, my target will be: 1.270. If the resistance is not respected, this analysis will not be valid. If you have a different view, please share, I would love to hear your analysis.

Dana16

Overall, the AUD/USD is been ranging since the beginning of the month between the support and resistance. At the moment, the price is approaching a major support which could be respected making the price move up back to the resistance. NOTE: Wait for confirmation. If the price breaks 0.766 level, it can start a new downtrend and this analysis will be...

Dana16

Last week, the GBP was fighting a major resistance, the British Pound reached the highest since 2018 and tried to overcome the 1.371 resistance by reaching 1.374. The price didn’t resist and retracted respecting the minor support formed in the ascending triangle. A confirmed break above 1.374, my next target is 1.380 (back from 2018). On the opposite side, if...

Dana16

At the moment, the price is approaching the resistance level which I expect to turn bearish. If the trendline is respected, a breakout under 1.275, my targets will be: 1.265 and 1.260. Note: the trendline resistance (1.275) might not be respected and price might move forward to 1.280 (horizontal resistance). If you have a different view, please share, I would...

Dana16 Updated 

At the moment, the price is testing an important resistance zone and yesterday, the price hit the highest since 2018 (1.371). A confirmed break above 1.371, the next targets will be 1.373 and 1.381 (back from 2018). If you have a different view, please share, I would love to hear your analysis.

Dana16 Updated 

At the moment, the price is testing one more time the resistance level which I expect to turn bearish. A breakout under 1.2756, my targets will be 1.2719 and 1.2670. If you have a different view, please share, I would love to hear your analysis.

Dana16

Overall, I believe the price is moving towards the 1.19 area and now we’re seeing a pullback and further bearish continuation. However, the correction is not over yet and only a breakout of 1.213 zone, my targets will be: 1.2078 and 1.1950. If you have a different view, please share, I would love to hear your analysis.

Dana16

At the moment, the price is testing two important zones: the horizontal resistance and the channel resistance. If the resistance level is respected and the next candlestick turns bearish, I believe that we might have the same market behavior as on Jan 8th and Jan 14th. If you have a different view, please share, I would love to hear your analysis.

Dana16

On my previous analyse (Jan 15th) the price was testing an important support zone which broke as expected reaching my first target (1.2078). At the beginning of December, the 1.2078 area got tested a few times but without success and the market continued up. Now, we might have a re-test and the same market behavior. Personally, I continue to expect a bearish...

Dana16

On my previous analyse (Jan 10th) I prepared myself for 2 scenarios: at that time the price was testing the resistance zone but without success and the market went down as anticipated. Now, the price is testing the support zone formed since the beginning of December: a breakout under 125.8, next target will be 125.0. If you have a different view, please share,...

Dana16

On my previous analyse (8 Jan) I expected a channel break to go short and market reacted as anticipated. Personally, I believe the price is moving towards the 1.19 and now is testing an important support zone. A breakout of 1.213 area, my targets will be: 1.2078 and 1.1950. If you have a different view, please share, I would love to hear your analysis.

Dana16

So far the market is reacting as predicted on my previous analyse. Looking forward for a nice and rewarding long trend!! :)) If you have a different view, please share, I would love to hear your analysis.