ForexGoldenBoy

ForexGoldenBoy

The pair continues to move within the expected range Prices have retraced to the uptrend line But despite this, in the absence of any new evidence, the trend remains bullish. Therefore, prices could soon bounce back up to the previously stated target

ForexGoldenBoy

The pair has reconfigured itself, to give two new bounce points to sellers. This leads us to a new bearish attempt, in progress, in the form of a descending triangle. The pair remains bearish. The pull back from the previous analysis is still in place.

ForexGoldenBoy

The pattern was confirmed on a bearish breakout from the lower border of the flag Theoretically this means that sellers now have a hand in the market And that prices can only fall further. In principle the trend is definitely bearish. So far the pattern has worked well. We will see if it continues.

ForexGoldenBoy

The pull back started well but after a flash drop the trend now seems to reverse Pull back is struggling to complete the expected pattern to validate the bearish scenario If this is confirmed, which is well on its way. Then our Broadening formation (bearish reversal) will become a Descending triangle (bullish reversal) Sellers may well find themselves stuck in a...

ForexGoldenBoy

The pattern is becoming clearer. Finally no flag (rectangular) but a pennant (triangular) But no triangle without two points of contact on each of the bounds of the figure And this has just been done. The prediction of the figure remains the same: bearish trend to follow. We will simply wait for the previous low to be broken for confirmation After that, sellers...

ForexGoldenBoy

The pair is rising A trend line already tested 3 times accompanies the price evolution The last bullish rebound is well underway Apparently a new high is possible

ForexGoldenBoy

Prices are in the rebound zone of their bearish channel This implies an imminent return of sellers However, there is a possibility for prices to move up a bit more, to the second high of the channel before going down. Here the default scenario is bearish but the risk of a drawdown is real. Prices will confirm all this next week

ForexGoldenBoy

The ascending triangle (bullish reversal pattern) has just been broken at the top This validates the figure. The exit target is now known. It remains to be seen if prices will project this far upwards. However, given the available data, the rise is the default scenario.

ForexGoldenBoy

Here also, like the nzdusd, the feverish rise of the last few days may be in its final hours The rising wedge (bearish reversal pattern) announces a probable return to parity This time seems to be the right one, at least graphically it almost is. Below the pullback confirmation line, all bets are off as the pattern will be confirmed by a pullback in addition to...

ForexGoldenBoy

It is perhaps already the end of the bullish scenario on the pair Same scenario as with the EURUSD with the difference that the pullback confirmation zone has already been tested but without the candle managing to close below it. However, it is probably only a matter of time since it seems that it is the dollar in general that is rising against other currencies....

ForexGoldenBoy

The scenario is going well. The target has just been validated the trend is definitely bullish With this break of resistance a new target is imposed to us The rise is still relevant

ForexGoldenBoy

The pullback has entered its phase 2 This is the phase of the return to its lows The symmetrical triangle has been respected So there is nothing to prevent the resumption of the decline except a hypothetical "false pullback". But at this stage, for lack of evidence in this direction, this scenario is not yet considered. In summary, so far, the scenario is going well

ForexGoldenBoy

Prices are back on the lower bound of their bullish channel Already 3 successful rebounds on this level in the past, so theoretically can be here again However, the risk of an exit from the bottom of the channel and thus a bearish reversal also exists Nevertheless, without new elements, the graphical background trend being currently bullish, the logic imposes to...

ForexGoldenBoy

This could change quickly, but so far the bullish scenario remains in place Perhaps the last resistance before the target The rise is on a staircase It's slow but as expected, it's going up. An acceleration is possible when the next resistance is crossed

ForexGoldenBoy

The bearish flag in construction on the chart shows that sellers have already won the battle Prices will slowly move down to the validation level of the pattern to confirm this. Unless the pattern is never finalized, which would invalidate this analysis and prices could then go back up instead. Personally I see the flag coming. But as long as the pattern is not...

ForexGoldenBoy

The V-bottom continues to trace its path to the top If the upside target is to be confirmed later (but nothing is certain at the moment) Then this is probably the end of a pullback It's hard to say where and when exactly the bullish rebound will take place but then it could be somewhere in this area, any moment now, maybe even right now.

ForexGoldenBoy

The envisaged scenario is respected for the moment Prices are in a channel with a slope even closer to the vertical This is perhaps a sign of a future acceleration of the uptrend. The price target is slightly revised upwards

ForexGoldenBoy

Attempted bullish rebound underway Prices are currently moving along the bullish scenario line But the red curve shows us that the bearish scenario is not so far away If the rebound fails, prices may head towards parity next But until then, without more elements, in a bullish channel, aiming for the top remains the most logical theoretical approach.