In the weekly time frame, the price is on the valid Fibonacci range(141.40 Percent). In addition, the long-term trend line has also been touched. The combination of these two reasons makes us expect to return. With this conclusion, it is expected that the price will take the upward path according to the image and meet the set goals.
When we look at the gold price chart in the weekly time frame, we see that the price is in a range where the valid Fibonacci retracement percentage is in the range of 38.2% compared to the previous downward wave (wave 1)! On the other hand, if we pay more attention, we will see that this range is just below the diagonal line, which we know as a valid broken...
In the weekly time frame,The dollar index is on the 38.2% Fibonacci retracement range, while the main wave is on the way to touching the channel ceiling!
The price hit the 38.2% Fibonacci retracement range compared to the previous big upward wave and therefore chooses the return path. Also, in this return, the role of diagonal resistance (blue line) should not be ignored. In this case, it is expected that the price will pull back to the crossed 23.6% Fibonacci range, and after that, the price range of $1,840 will...
According to the drawing of support and resistance lines as well as the trend that has been created, it is very probable to touch the targets set in the downward trend that has been created. Of course, it is clear that touching the second goal is if the price crosses the first goal!
At this time, the price is below the point where several static and dynamic resistances have met, and this issue reinforces the possibility of a return and price decline. In this case, equal to the valid Fibonacci correction percentage compared to the previous upward wave, the price is placed in the range of 161.8%, which coincidentally is equal to the 61.8% valid...
On the daily time frame, the indicator number is based on the valid Fibonacci retracement percentage of 50%. Meanwhile, the index has hit the short-term trend line and the medium-term trend line at the same time and is now returning from there. The creation of a doji candle in the mentioned time frame and at the end of the downtrend is a confirmation of this...
The price falls to the bottom of the channel and is changing the route. In this case, the first goal is to reach the price range of 71$, and if that is the case, the prospect of a 105$ range can be traced and achieved! (Given the similarity of the target of 105$ to the twin floor template, the goal is not to be realized!)
Combining the two patterns of the Three Drives and the HEAD AND SHOULDERS in the daily framing timing, we will see that the downside of the Dollar Index will soon reverse and will go upside down.
The EUR/CAD currency pair chart shows that at the end of the trend (relatively), the pattern of head and shoulder has been formed and, given the failure of the neck region, this pattern has been confirmed. According to this pattern, the price is as high as the height (The distance from the peak to the neckline) decreases from the neckline (as shown). In addition,...
As you know, the price has been broken down according to the pattern of the flag. It is expected that this trend will continue as far as the flag body (pink lines). But this process requires reforms that reflect the recapitalization points of these reforms, which are consistent with the percentage of fibonachi .
156/5000 In the time frame of a daily basis, multiple support lines will prevent higher prices from falling, and it is expected that the specified price trend will change in favor of the purchase positions.