As you see in attached charts for GBP/JPY pair. My technical analysis and forecasting depends on the following: 1- Supply and demand areas which are very strong as they are common in daily and 4H charts. 2- Trend lines. 3- Resistance and support lines. We see that the rate is moving in triangle pattern and i expect it to be at 134.504 on 01-02-2017.
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My technical analysis and forecasting for EUR/GBP depends on 3 tools as following : 1- Supply and demand: As we see in charts, we have very strong supply and demand areas on both daily and 4H charts controlling the price at the moment. 2- Trend lines which are also very strong on both daily and 4H charts. 3- Resistance and support lines So, according to above, i am expecting the rate to be at 0.87821 on 1st February, 2017.
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Attached charts represents my analysis for EUR/USD. My forecast that EUR/USD is going towards 0.9660 but i expect that on 1st of February-2017 it will be at 1.02902 method depends on time and price channels built on square of 9 developed by Mr. Salam. So, i started my calculations depending on the high 1.16165. The first angle to return the price to half distance is 180. So now the channel is clear with priod separator at 180 candle. Also, each line of the channel + pitchfork lines act as resis…
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