Looking at the daily chart, we can see price has been moving in an ascending channel, forming higher highs and higher lows. Looking back to last weeks movements, we can see price has broken through the original channel (dark) but is still inside another possible channel (grey), which still classes as valid as it has kept above the previous low. Looking for possible rejection of the current zone and looking for a move past previous highs above 144.000.
Looking at this daily chart, price is moving in a sideways consolidation zone. Price isn't able to break the trend to form either new highs or lows. Price is currently at the support level of this ranging market. Looking at the red highlighted circle, we saw price form a bullish hammer candle followed by a shooting star before reversing and making a move to the upside. We currently have the same formation showing, suggesting a possible repeated move to the upside again.
Gold dumped and completed the symmetrical triangle break to the downside. It will be interesting to see how price reacts to this level it is currently at, whether we see a continued downwards move to lower supports or if we see a continued bullish move to 2000+.
Similarly to GJ, we can see this market moving in a clear ascending channel, forming higher highs and higher lows successfully. Price is now in my interest zone at 1.273; I'm now expecting a move to the upside, continuing this channel and holding over the long-term. We are currently seeing 3 Doji candles; however, I am still expecting price to increase.
Weekly Forex Forecast for GBPAUD, NZDUSD, GBPCHF, XAUUSD (18-23 October 2020) Hey everyone! Welcome to this weeks forex forecast for the week ending October 9th, 2020. I'm TraderBart with A1 Trading, and this week I'll be looking at GBPAUD, NZDUSD, GBPCHF & XAUUSD. GBP/AUD Price has formed an ascending triangle pattern on this pair and […]
Weekly Forex Forecast for USDCHF, GBPUSD, EURGBP, XAUUSD (04-09 October 2020) Hey everyone! Welcome to this weeks forex forecast for the week ending October 9th, 2020. I'm TraderBart with A1 Trading, and this week I'll be looking at USDCHF, GBPUSD, EURGBP & XAUUSD. USD/CHF Two weeks ago, we saw price form the symmetrical triangle pattern, […]
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Our team has unfortunately received many reports of scammers using our content and pretending to be us. While we will continue to report these accounts to the authorities as we receive reports, we may not always catch them in time. Below our a list of things to look out for before making a purchase to any […]
Warren Buffett is one of the most idolised, investors in the world. At the time of writing , his company, Berkshire Hathaway, has a market cap of $495 billion and Buffett himself has a net worth of $79 billion. His approach to value investing, combined with his influence over the companies he invests in , […]