27 Sep Weekly Forex Forecast – Forex Technical Analysis And More ( September-28th- 2nd October 2020)
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Silver Currently, the market is testing the equality of corrective waves labeled as wave A and C. The C wave has reached the lower limit within a downward channel and also 100 percent of Fibo expansion measured for waves A and B.However, to confirm the whole structure, the market should defend the level of 22 USD and should move to the upper limit in the mentioned channel.
NZDCAD Wait for a 4H corrective structure as illustrated and take a short position at the completion of the right shoulder on the head and shoulders formation.Look for a long position at the supply zone and wait for confirmation of a bullish presence.
AUDNZD showing a clear bearish structure after the rejection at 1.1000 major level and follow by the break below recent support and resistance area at 1.08500 level, 1.06000 will be the ideal bears target if we could find the short entry below the highlighted area.
GBPUSD rejected the 1.28 zone for three days straight. If you take a look at my previous post I illustrate that GU is in a second push down on the daily. I see GU retesting 1.27750 and heading down to 1.22.
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