24 May Forex Weekly Technical Analysis & Chart Review (18th – 22th May 2020)
Forex Technical Analysis
The Gold price is within a descending wedge pattern. This pattern has been formed after a strong up movement breakout from triangle pattern .We see two opportunities for the next price movements.1. Price open with up gap above wedge and resistance which is strong buy signal. Expect up movement to drawn text book target area within the next week.2. Price opens near Friday close level and start down movement. In this case is a good buy entry is at drawn buy area 1713 – 1715.50 $. You can join our with paid signal channel on Telegram we have been the most consistent reliable Forex Signals service in world. Join us and change your life. If you want daily profit then you can join with us and get 90% profitable trade always. For more info about our paid group > inbox us or select our service package Click here Forex Signal, Forex Trading , Forex Best Signal Provide
Silver The recent drop makes sense, as we were approaching an absolute monstrous resistance.The reversal was inevitable.It seems like the drop is finished, and we will retest that monstrous resistance once again.
EURUSD As seen on the chart, price has been ranging from 3rd May to 21st May between 1.0774 and 1.0982 with multiple rejections on Daily chart from 6th May to 15th May, making that support area a strong rejection point, hence EU is likely to be bullish when it gets to that low area.
EURCAD From the weekly perspective, price is creating an impulse followed by a correction, and expect new impulse to the upside. And from the daily perspective, price is facing a strong supply zone right now, if the price manages to break this level, further upside is expected.
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