The franc dollar pair has been moving within a sideways range for about 4 months due to the weakness of the two currencies in the recent period due to the high risk appetite due to news of more than vaccination activities against Corona, and thus investors' reluctance to avoid currencies and safe havens, and Draw the their tendency towards higher yield...
Today we will do a full technical analysis on APPLE INC on the 1H and explain why I recommend bullish (long) trade advice, and also discuss the bearish scenario.
As we can see the upper resistance of this ascending channel is definitely weaker than the support line.
With break-out , the resistance didn't hold well. Also we can see a break-out got rejected, but...
The AUDUSD pair is moving in reversal phase for 4 hours. The breach of the ascending trend at 0.68413 is an opportunity to sell with an initial target of 0.66841.
The EURAUD is moving alongside the downtrend for 4 hours and inside a sideways channel with a spring below the channel, which supports the bullish theory.
The breach of the trend and the upper boundary of the channel at 1.64210 is an opportunity to buy with an initial target of 1.6614.
The AUSTRALIAN DOLLAR / SWISS FRANC is trading in symmetrical triangle, which is an opportunity for a further drop.
The break was weak so we wait for a candle with a momentum closing below the triangle to go short.
Target is : 0.6346
As we can see the upper resistance of this ascending channel is definitely weaker with 2 breakouts than the support line where we can see many touches or pullbacks.
We Have two scenarios which the price break out the upwards and we can enter long upper the resistance channel line or it breaks downward and we can sell.
But in general, I would advice to have a...
GBP / CHF pair is moving in a downtrend on the hourly frame. Currently, the pair is moving in an corrective cross band.
A break of 1.1754 will be a strong selling opportunity and to continue the bearish trend.
But if the pair breakout the downtrend and the corrective cross band, especially 1.1854, it will be a buying opportunity for more bullish correction on...
GBP/NZD pair is moving near the downtrend for 4 hours and its waiting for the momentum to rise higher.
Point 1.9471 is a good entry point for an initial target of 1.98214
There is a strong opportunity to buy The U.S. DOLLAR / CANADIAN DOLLAR pair after the breakout of the bearish wedge technical pattern, as well as the blue trend.
The entry point is 1.3649
The target is 1.4081 by Securing the deal if the price reaches the red trend.
Gold is moving within a bullish channel,
Waiting for the Harmonic model abcd to complete, which corresponds to the upper side of the ascending channel.
The best selling levels are 1760 and 1770.
And the targets are far away
I do not recommend buying
The EURO / NEW ZEALAND DOLLAR pair strongly breakout a slanting channel, through a gap.
Thus it is a good opportunity to buy from the current price and targets 1.7682 and 1.7973
After the false breakout and the last bottom broken in the ascend direction, its a chance for selling from 1.1215.
The first Target is 1.1090 and the second one is 1.0992 .
The EUR / GBP pair broke through the triangle and spread over it with more than one candle.
Strong buying opportunity from 0.9008.
And the target is 0.9195
