28 Dec Weekly Forex Forecast / Forex Technical Analysis And More (December 27-01 Jan 2021)
Get a Weekly Forex forecast of the major currencies at Pipsmake. Forex technical analysis, fundamental analysis and more in one place.
GBPUSD H4: short it! +200/+400 pips tp bears (NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don’t over-leverage.Tagged as SHORT as I expect more losses.Congrats if you followed my ideas in GBPJPY and GBPCHF . TP levels were hit already.
NZDUSD After the growth and breaking through the support line in the 0.624 area, which the price made in June 2020, the price got into an upward channel.The channel borders are the support line since April of this year and the support line (before the breakout – reversal) from June.In November, the price broke through the channel at 0.698 and rose.Growth stopped at the resistance line 0.714.
DAILY: EURJPY is sitting around strong resistance in blue so we will be looking for sell setups on lower time-frames.
On H4: EURJPY is forming a head and shoulders pattern. (not complete yet) so we are waiting for the right shoulder to form and then enter sell on the neckline break downward.
Trigger: Waiting for a momentum candle close below the gray area/neckline to sell.and until the sell is activated, this one would be overall bullish and can still dive inside the blue zone.
EURCAD Already takes Strong resistance level and now price to take next support level. So you can try take a short sell.
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