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AUD/NZD forecast for 1st April

fx211pips Posted 29 Feb as Analysis on AUD/NZD, Target: 1.1052, Date: 1 di Aprile, 12:00 GMT  in #Technical analysis #AUD/NZD #Pitchfork #Channel Lines #Parallel Lines
Below are the weekly and daily charts of AUD/NZD. Notice how the pitchfork works out nicely on the weekly and daily too, where the parallel lines act as support. In the pitchfork price has the tendency to go for the median line and that is where my target is.
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fx211pips 31 Mar

price going sideways as it is asia session now

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fx211pips 31 Mar

this pitchfork really nicely worked on the weekly and the parallel lines too
they can be used as good support and resistance levels

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fx211pips 31 Mar

price now 20 pips above target, the kiwi has been outperforming aussie lately

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fx211pips 31 Mar

i guess kiwi picked up steam after Yellen's dovish comments and RBNZ said there will be supposedly no more rate cuts, while a rate cut for the aussie is still on table

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fx211pips 31 Mar

price still ranging sideways, 30 pips above target

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GBP/USD forecast for 1st April

fx211pips Posted 29 Feb as Analysis on GBP/USD, Target: 1.3346, Date: 1 di Aprile, 12:00 GMT  in #Technical analysis #GBP/USD #Channel Lines #Parallel Lines
Below are weekly and daily charts of GBP/USD. I believe the cable is moving in a channel as seen on weekly. I made some parallel lines which give support / resistance. I'm forecasting the price to end up at bottom of channel.
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