Open trading account Community Blog
NZDChf weekly upward channel
NzdChf is in a weekly uptrend and bullish at the moment
The weekly chart shows us the uptrend in NzdChf:
The fibonacci expansion of the move up within the channel is clear,
61.8% fibonacci expansion has been broken but price has returned back from the trendline
This retracement should lead to another move up
On the daily chart we might find our target area:
A rising trendline on the daily chart (green line) seems to be supporting the price
This leads it back to the 61.8% fibonacci expansion leve…
The weekly chart shows us the uptrend in NzdChf:
The fibonacci expansion of the move up within the channel is clear,
61.8% fibonacci expansion has been broken but price has returned back from the trendline
This retracement should lead to another move up
On the daily chart we might find our target area:
A rising trendline on the daily chart (green line) seems to be supporting the price
This leads it back to the 61.8% fibonacci expansion leve…
CAD/JPY prediction 1st of July
Weekly chart:
On the weekly chart i draw some trendlines which suggest a possible up move of the price to follow the channel.
Daily chart:
On the daily chart i draw the possible scenario considering the weekly trendlines/channel and also some important price levels.
On the weekly chart i draw some trendlines which suggest a possible up move of the price to follow the channel.
Daily chart:
On the daily chart i draw the possible scenario considering the weekly trendlines/channel and also some important price levels.
USD/JPY Prediction 1st of July
Weekly chart:
On the weekly chart i pointed out the main zones i'm looking for.
The price retraced by 61.8 of the main swing.
I expect the price to move higher.
Daily chart:
On the daily chart i draw the possible scenario, the next target is near the previous highs.
On the weekly chart i pointed out the main zones i'm looking for.
The price retraced by 61.8 of the main swing.
I expect the price to move higher.
Daily chart:
On the daily chart i draw the possible scenario, the next target is near the previous highs.
EUR/PLN Prediction for the 1st of June
Weekly chart:
On the weekly chart i just pointed out some important support and resistence levels.
As you can see we are near a resistence zone, from this i expect the price to have a pullback and then to move up again till the next resistence zone.
Daily chart:
On the daily chart i used the same levels from the weekly cahrt to draw a possible scenario.
On the weekly chart i just pointed out some important support and resistence levels.
As you can see we are near a resistence zone, from this i expect the price to have a pullback and then to move up again till the next resistence zone.
Daily chart:
On the daily chart i used the same levels from the weekly cahrt to draw a possible scenario.