Forex trader & Forex Technical Analysis
With the breaking of the support range of 1.4380 to 1.4320, the price is on the downward path. But in the last candle, the price tries to return to the upper level. In the current situation, we can hope that the price will return to the upper level and grow to the level of 1.4673, but if it continue...
Many traders consider the recent drop in the value of the euro against the US dollar as a price correction and think that the price can grow to 1.06 by reaching the support level of 1.0174.
In the currency pair CHFJPY, we may see price correction until 139. However, the general trend of the price is downward and we can hope that the price will drop to the number 134 after a brief price correction.
Gold, with its rise from the price of 1680 to 1775 dollars, was able to make many traders hope for an upward trend. But gold at the price of 1775 dollars has encountered an important resistance. If gold can cross this level, it can grow up to 1872 dollars. But if gold shows its weakness, it will fal...
The conditions and pattern formed in the currency pair CHFJPY are such that there is a possibility of falling to 138.75. However, one should not ignore the possible upward conditions in the market.
Despite the heavy falls that the NZDCAD currency pair has had in the past months, it can be predicted that the price after the break and price correction can continue to fall and fall to the price of 0.7845.
Many economic experts believe that gold is trying to approach the support line of $1,700 per ounce. The price of $1,700 is the most important support line for gold in the weekly time frame. We have to see what the price reaction will be to this line.
With the fourth impact of the price on the price floor and the support range, we can hope that the supported price will make a significant price drop. Be careful, if the support range is broken, you can prepare for lower prices.
Last week, the price was able to cross the support line, but returned below the support line. Under these circumstances, it remains to be seen what the price reaction will be to the resistance line again. If resistance forms, the price will continue to fall to 1.0820, but crossing the resistance lin...
Under current conditions, the USDCAD pair could be on a downward trend. However, it seems that the price will enter the uptrend after reaching the support level of 1.2860 and grow to the price of 1.2950, and then cause the main fall to the price of 1.27.