Open trading account 
Fallowing yesterday's post regarding a possible corrextion on the Eur Usd and Gbp Usd Iloocked at the charts more carefully and the chandlestick patterns(bearish engulfing pattern) at those levels indicate the next down move should be an impulsive move. However, both pairs have shouwn significant signs of strength, so until yesterday' s tops are taken out my view will remain bearish for both.
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AUD/NZD
- I AM using Bollinger Bands and RSI for my technical analysis
- I am using weekly chart and daily chart for my analysis.
- new Zealand is little bit more strong against all pair because of may be the strong resistance area so i thought it wont break so ,bounce off the resistance and will come down
CAD/HKD prediction 1st of July
Weekly chart:
On the weekly chart i draw a pitchfork from the recent swings.
I expect the price to pullback a bit from the median line but to be anyway in a range market.
Daily chart:
On the daily chart i dra the possible scenario considering the median line from the weekly chart.
On the weekly chart i draw a pitchfork from the recent swings.
I expect the price to pullback a bit from the median line but to be anyway in a range market.
Daily chart:
On the daily chart i dra the possible scenario considering the median line from the weekly chart.
CAD/CHF prediction 1st of July
Weekly chart:
On the weekly chart i used a Pitchfork.
As you can see the price is respecting the median Line
For this reason i expect the price to move lower .
The last 3 weeks were characterized by a weak bullish momentum.
Daily chart:
The price is moving up from the 61.8 fibo retracement.
I expext it to move lower to the selected zone as for weekly analysis
On the weekly chart i used a Pitchfork.
As you can see the price is respecting the median Line
For this reason i expect the price to move lower .
The last 3 weeks were characterized by a weak bullish momentum.
Daily chart:
The price is moving up from the 61.8 fibo retracement.
I expext it to move lower to the selected zone as for weekly analysis
AUD/NZD prediction 1st of JUly
Weekly cahrt:
On the weekly chart i draw some important levels and a trendline which has been broken.
As you can see the weekly candles have little momentum this month, for this reason i expect a weak pullback up till the trenline and the the price to move lower.
Daily chart:
On the daily chart i draw the possible scenario considering the weekly situation.
On the weekly chart i draw some important levels and a trendline which has been broken.
As you can see the weekly candles have little momentum this month, for this reason i expect a weak pullback up till the trenline and the the price to move lower.
Daily chart:
On the daily chart i draw the possible scenario considering the weekly situation.
AUD/JPY prediction 1st of July
Weekly chart:
On the weekly chart i draw the cannel which the price is repsecting in the long term.
Also i draw a possible area of reversal/target.
Daily chart:
On the daily chart i draw the possible scenario considering the long term trendlines.
On the weekly chart i draw the cannel which the price is repsecting in the long term.
Also i draw a possible area of reversal/target.
Daily chart:
On the daily chart i draw the possible scenario considering the long term trendlines.
GBP/NZD Prediction for the 1st of June
Weekly chart:
On the weekly chart i pointed out 2 support zone between wich the price moved for a long period of time.
I expect the price to move lower to the second support zone.
Daily chart:
On the daily chart i draw the possible scenario.
Considering also the trendline which has been already broken.
On the weekly chart i pointed out 2 support zone between wich the price moved for a long period of time.
I expect the price to move lower to the second support zone.
Daily chart:
On the daily chart i draw the possible scenario.
Considering also the trendline which has been already broken.
GBP/CHF Prediction for the 1st of June
Weekly chart:
On the weekly chart i pointed out the main support level which i expect to become resistence and for the price to move lower.
Daily chart:
On the daily chart i draw the possible scenario , considering also the weekly chart.
As you can see the price broke the trendline and went up to retest the support/resistence zone, from there it should move down.
On the weekly chart i pointed out the main support level which i expect to become resistence and for the price to move lower.
Daily chart:
On the daily chart i draw the possible scenario , considering also the weekly chart.
As you can see the price broke the trendline and went up to retest the support/resistence zone, from there it should move down.
EUR/SGD Prediction for the 1st of June
Weekly chart:
ON the weekly chart i draw a trend line which rappresents the short term movement of the price.
And also the possible target , around the support level i pointed out.
Daily chart:
On the daily chart i draw the possible scenario considering the trend line and the support zone.
As you can see i expect the price to go to the trend line first and then move down.
ON the weekly chart i draw a trend line which rappresents the short term movement of the price.
And also the possible target , around the support level i pointed out.
Daily chart:
On the daily chart i draw the possible scenario considering the trend line and the support zone.
As you can see i expect the price to go to the trend line first and then move down.
EUR/SEK Prediction for the 1st of June
Weekly chart:
On the weekly cahrt i draw an important resistence and support zone.
As you can see the price had difficulties to make a new high, for this reason i expect to move a bit lower this time and break the support level.
Daily cahrt:
Using the indormation and the levels from the weekly chart, i draw the possible scenario on the daily chart.
On the weekly cahrt i draw an important resistence and support zone.
As you can see the price had difficulties to make a new high, for this reason i expect to move a bit lower this time and break the support level.
Daily cahrt:
Using the indormation and the levels from the weekly chart, i draw the possible scenario on the daily chart.