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Below are the weekly and daily charts for USD/CAD. As can be seen, price is respecting the pitchfork on the weekly chart. I believe price will drop to one of the parralel lines of the upper pitchfork as shown on the daily chart.
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GBP/USD forecast for 1st march
Below are the weekly and daily charts for G/U. The pitchfork is presented on the weekly and I believe the price will move towards the round number 1.30, which is near one of the parralel lines of the upper pitchfork as presented on the daily.
USD/JPY forecast for 1st march
Below are weekly and daily charts for USD/JPY. In the weekly price is moving in the extended pitchfork and its parallel lines. I believe the price will keep dropping till the midpoint of the upper pitchfork channel as extrapolated in the daily chart.
GBP/CAD prediction 1st of July
Weekly chart:
On the weekly chart i draw a pitchfork and some trendlines.
The pircfork i draw suggest a down move of the price in the "short term".
Also the price has been rejected from the resistence zone i pointeout.
Daily chart:
On the daily chart i draw the possible scenario considering all the factors from the weekly chart.
I also draw a fibonaccin retracement cosnidering the main swing, we are on the 32.8 fibo lvl with some important structure.
On the weekly chart i draw a pitchfork and some trendlines.
The pircfork i draw suggest a down move of the price in the "short term".
Also the price has been rejected from the resistence zone i pointeout.
Daily chart:
On the daily chart i draw the possible scenario considering all the factors from the weekly chart.
I also draw a fibonaccin retracement cosnidering the main swing, we are on the 32.8 fibo lvl with some important structure.
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
EUR/AUD forecast for 1st April
Below are weekly and daily charts of EUR/AUD. The price was respecting the pitchfork on the weekly and currently has a hard time definitevly breaking out of it. I'm forecasting the price to end up at the first parallel line as shown on the daily chart.
XAU/USD forecast for 1st April
Below are the weekly and daily charts for gold. On the weekly you can see that price has a hard time forcing back into the old pitchfork, and thus I believe a correction is on way. I believe price will go down to the 50% fibo retracement on daily and bounce back to the 38.2% fibo level so as to hit my target.
AUD/NZD forecast for 1st April
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.
USD/JPY forecast for 1st April
Below are weekly and daily charts of USD/JPY. Notice that the pitchfork works nicely on the weekly. I have extended some parallel lines from the pitchfork, where I believe the price will move between them and end up at the lower one, which is very close to the median line of the lower channel of the pitchfork.