JPY price is affected by the Russia-Ukraine War. It will recover and stabilise. It will settle on the same price range it was on very soon. This is a swing trade to hold for a couple of months and smile after a while.
Nasdaqg may be going back to 8900 if it breaks out from this consolidation
ONCE IT GETS TO THAT RESISTANCE ZONE, I ANTICIPATE A POSSIBLE REVERSAL BACK TO 8700 ZONE THEN DOWN TO 8300 SUPPORT.
An inverse head and shoulders to complete then I will be ready to go long on GBPUSD after it reaches around 1.247000
On the support zone that is a neckline. Theres a left shoulder, the head and it has to go up to complete the right shoulder of the head and shoulder pattern.
EURUSD broke out a temporary uptrend channel heading towards the 1.0990 area as your first take profit zone. The second zone is the one below that if it passes there then go to the last zone. This may be the start of a downtrend movement for a couple of months. Follow on IG: @JustLearnForex Account management services : Email justlearnfx@gmail.com Telegram...
AUDUSD rejected 3 times on the trendline and on then formed an inverse head and shoulder pattern, went back up and broke through the downtrend trend line on the 4th attempt. It then came back, retested at the trend line after forming a head and shoulders but price is on a major support. I am expecting price to go long to the top of the head and shoulder pattern....
USDZAR rejected on the trend line and on major resistance, now drawing a reversal pattern.
NZDCAD has been a downtrend. Theres a rejection of price at the major resistance and formed a head and shoulders.
The Daily timeframe analysis shows a HEAD AND SHOULDER PATTERN FORMATION which shows a huge possibility of a trend reversal. The second shoulder formed at 1.91 area then found support at 1.87 area. The neckline area is at 1.87 to 1.86 area. For a huge trend reversal, price would have to close below the neckline area but however. The H1 timeframe shows a harmonic...