SYMA_FOREX

SYMA_FOREX

We would appreciate your opinions in the comment section. What's next for GBPNZD? If you take a closer look at our previous week's GBPNZD idea, you can see everything went as planned. Price continued its bearish movement by creating retracement and then an extension. Currently, we could be in another retracement, as a bearish flag is still in formation....

SYMA_FOREX

We would appreciate your opinion in the comment section. What's next for Gold? If you take a closer look at our previous week's gold prediction, you can see everything went as planned. Gold broke our determined resistance zone, went for a pullback and skyrocketed to the 2020's high. The question is, what now? Price got rejected from 2070, and looking at 4H,...

SYMA_FOREX

First, let us cover some historical points in GBP/USD's near history. Chart says for itself, wide downtrend channel. The price is moving as it is because of Russian/Ukrainian tension. Because of the recent economic happenings, we don't see the area beneath us holding the price action (blue circle). Take profit areas would be at 1.31 and 1.3. As the current price...

SYMA_FOREX

First, let us cover some historical points in EUR/USD's near history. We are in a nicely formed downtrend channel. The price action still has room until it hits the bottom trendline. Since the war is still at its peak, we expect this trendline to crack. EU sanctions on Russia will most certainly impact Europe's economy. At the moment euro is the most liquid short...

SYMA_FOREX

First, let us cover some historical points in GBP/NZD's near history. Looking at the chart, we've formed an uptrend channel with a tremendous down movement over the last two weeks. It doesn't surprise us, as the bottom trendline is yet to be touched. The area around 1.90000 seems like a perfect fit for a bounce. Previous lower low could be our potential area of a...

SYMA_FOREX

First, let us cover some historical points in GBP/CAD's near history. It seems we finally broke out from the consolidation zone. A nice downtrend is forming as the price action created a lower high on the 21st of February. Since then, the price started its journey to the bottom. It broke 38.2, 50, and 61.8% of Fibonacci retracement. We can even see a strong chart...

SYMA_FOREX

First, let us cover some historical points in GBP/JPY's near history. Looking at the bigger picture, we are in the clear consolidation zone. The crucial support line lies around 149. The pivotal resistance line would be near 158. We are currently in the downtrend, on our way to the support line as we hit resistance. We can even see a strong chart pattern, a double...

SYMA_FOREX

First, let us cover some historical points in gold's near past. Approximately near the 15th of February, we broke through the bearish upper trend line. Since then, bulls have managed to drive gold's price to the roofs. Specifically, the 24th of February was the highest point. That day we got an immediate answer as the price got rejected. 4th of March, we are in...

SYMA_FOREX Updated 

We are currently on an uptrend channel (hitting its roof). In front of us is a major resistance area going from est. 1950 to 1965. Price action did test our resistance area and got an immediate pushdown of about 700 pips. This tells us we are rejecting further bullish movement. Right now it seems we can at least target 38.2% and maybe even go to 61.8% Fibonacci...