💡 Forecast for #USDJPY 🇺🇸🇯🇵
USDJPY -> rising wedge
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USDJPY is moving in an ascending channel between the trend lines.
The chart is forming a reversal pattern of an ascending wedge between trend lines.
Dynamic resistance has already acted as a pullback point.
We expect a pullback after a retest of the upper trend line.
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🏆 Forecast for #GOLD
GOLD -> descending structure
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GOLD is moving in a descending channel between the trend lines.
The price reacted with a decline after reaching the 50% retracement level, the upper boundary of the channel, the trend line and the resistance level.
The chart maintains the descending structure.
We expect a pullback.
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🏆 Update for #GOLD
GOLD -> reached the lower boundary of the channel
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GOLD is moving in a descending channel under the trend lines.
The price has consolidated above the lower boundary of the channel.
We expect the price to continue moving towards the indicated resistance level.
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🏆 Forecast for #GOLD
GOLD -> reached the lower boundary of the channel
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GOLD is moving in a descending channel under the trend lines.
The price is above an important psychological support level and has already reached the lower boundary of the channel.
We expect a rebound.
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🏆 Forecast for #GOLD
GOLD -> bounce from the channel boundary
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GOLD is moving in a descending channel between the trend lines.
The descending structure is broken.
The price has already reached the lower boundary of the channel, support level and dynamic support, which has already acted as a rebound point three times.
We expect growth after consolidation above the retracement level.
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🏆 Forecast for #GOLD
GOLD -> structural disorder
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GOLD is moving in a descending channel, between the trend lines.
The chart has broken the local descending structure, but has not formed another one yet.
The price is above the support level.
We expect growth after consolidation above the upper boundary of the channel.
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💡 Forecast for #GBPUSD 🇬🇧🇺🇸
GBPUSD -> reaching the upper boundary of the channel
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GBPUSD is moving in a descending channel between the trend lines.
The price has reached the upper boundary of the channel and dynamic resistance, which it immediately responded to with a decline.
The pair continues to be under the 62% retracement level.
The chart keeps the descending structure.
We expect the price decline to continue.
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#GOLD - Done🎯
As I said, the price was at the lower levels of the channel, which pushed it to grow.
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💡 Forecast for #EURUSD 🇪🇺🇺🇸
EURUSD -> testing the channel
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EURUSD is moving in a descending channel under the trend lines.
The price is testing the lower boundary of the channel.
The chart maintains the descending structure.
We believe that the pair may rebound in case of consolidation in the channel.
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💡 Forecast for #EURGBP 🇪🇺🇬🇧
EURGBP -> came out of the descending channel
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EURGBP is moving between trend lines above the descending channel.
The price broke upwards the channel boundary, consolidated above the trend line and is now above the support level.
The chart keeps the descending structure.
We expect the growth to the dynamic resistance.
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💡 Forecast for #USDJPY 🇺🇸🇯🇵
USDJPY -> trend line breakout
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USDJPY is moving in an ascending channel under the trend lines.
The chart is moving from the upper boundary of the channel and has already broken the lower trend line.
We expect the decline to continue.
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💡 Forecast for #USDJPY 🇺🇸🇯🇵
USDJPY -> reached a resistance level
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USDJPY is moving in an ascending channel between the trend lines.
The price has already reached the trend line, resistance level and the upper boundary of the channel and then moved downwards.
We expect a correction.
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🏆 Forecast for #GOLD
GOLD -> pullback from the border
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GOLD is moving in a descending channel between the trend lines.
The price is under the 62% retracement level.
The chart reached the upper boundary of the channel and immediately reacted with a decline.
We expect the decline to continue.
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⚡️Contact @DeGRAMForex