In my opinion GBP will move down as described in my previous plot. Due to different political decisions, timeframe was shifted.
My last analysis was accurate as market moved strongly up according to the tunnel: Price went up and and exceeded 200EMA. In short-term "hour intervals", price will move down. However, in long-term (daily chart) I expect price of gold to move up according to new, bigger tunnel.
Analysis is based on multiple fibonacci plots: monthly, weekly, daily and hourly intervals. Short-term analysis: Please pay attention to the main trend and don't get scared of the short term noise. NZDUSD will move according to arrows visible on the plot it means there will be a chance to enter longs and shorts. Long-term analysis: In my perception NZDUSD is...
In my opinion gold is in moving up, according to the tunnel.
My previous predictions on DXY were very accurate so decided to publish another one - check my previous plots link are below. In short term perspective DXY will move up, will touch EMA or maybe even exceed it for some time. However, in long term I see DXY moving down.
Pound repeats pattern of 2008/09 crash. That means British economy is in crisis already. It was mainly caused by Brexit referendum. Drop in GBPJPY will continue until 2019/20
Downtrend on Dollar was initiated in mid-December 2016 by FED's interest rate hike. Expecting price to move towards 0.5 fibo then retrace towards 0.618 fibo. In long term price of the dollar will continue going down.
Trying to introduce new parameters into my analysis. This time it will be commitment of traders (COTs). From my perspective commercials are loaded with shorts on silver. In this situation we would expect price of XAUUSD to move down in few weeks time. Moreover, top oscillator is overheating. Depending on the scenario there may be a few possibilities described on...
My last plot on DXY was published over one month ago was very accurate: Update is visible on the plot.
Upward move on XAUUSD started in mid-December. Firstly, reached 0.5 of large fibo ~1208$/oz then 0.618 of large fibo ~1247$/oz. In my opinion price of XAUUSD will go down then retrace back to finally move downwards. If that scenario will happen then, it may create Head and Shoulder pattern. Breakage of the neck line will cause XAUUSD to go down to ~1010$/oz.
My vision on Silver is still the same as described over a month ago: Price of XAGUSD reached 200 day moving average (green line) while 18.24$/oz is a 0.618 fibo. Please also have a look at the stochastic indicators below the chart. In my perception price of silver will move slightly up or sideway, touching red box. The main downward move will happen in...
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GBP fallen to 1.19 then retraced back to 1.27 that is 0.236 fibo. In my perception GBP will move slightly up in Jan & Feb. However, in March T.May will officially approve Brexit and GBP will strongly go down!