22 Aug Forex Weekly Analysis Price Forecast – Forex Signal Provider ( August 23 – 27th 2021)
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GBPAUD is trading in a strong uptrend And now it is retesting a rising support However,the pair looks overbought And I think a correction is necessary Therefore, I consider a long to be risky And I would instead wait for a bearish breakout IF it happens, we can go short on pullback IF there is NO breakout, the setup is invalid Sell .
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EURUSD Our goal in this analysis is to give you an overview of the future of symbolism. This analysis is based on weekly time frame analysis. In weekly time-frame analysis, a 5-wave is formed in the form of a triangle, of which wave 4 has just been completed, and now wave 5 microwaves are being formed. The first microwave 5 (wave 1) is forming its own wave 5, and after the price reaches the specified price targets, we expect the price to rise and form wave 2 .
AUDUSD The breakout provided a fantastic opportunity to capture liquidity. Now that we have cleared this liquidity, it is highly likely that the true move to the downside will continue.
GBPJPY We should see the pound yen find short term relief this coming week to retest the 148 levels after which we will and see which side finds more conviction as the bears and bulls wrestle for this extremely important price level.
Crude Oil going to take support from next 60$ level. So you can wait for next best buy opportunity then we can take this trade.
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