11 Jan Weekly Forex Forecast / Forex Technical Analysis And Best Forex Signals More (January 11-15th Jan 2021)
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EURUSD we saw a strong rejections below 1.23 handle which gave an opportunity to look for a long entry, confluences are lining up nicely as Friday trading session closed above the recent support and resistance level. I will look for a long entry as long as price trading above 1.22 level.
GBPUSD Price is forming a reversal pattern to change its direction.Watch strong price action at the current levels for sell. Now Wait for good trade confirmations.
GOLD After an initial break from long term diagonal resistance gold was aggressively sold-off back to the Daily 200 SMA around 1830. Proper support does still lie slightly lower @ 1810 meaning the sell-off might still see another leg down, In the event of a pullback, resistance @ 1880 will likely be the key level. The breakout target remains around major resistance @ 2075 .
EURCAD fell from resistance level Just as I predicted in my previous analysis on this pair now, it has reached the rising channel support line And I expect it to start reversing Don’t go long instantly, but rather wait for reversal signs As I think it will first consolidate near support for some time before going up ↗️The final target is the horizontal key resistance level From which it recently fell
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