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Forecasts For Currencies And Gold

Published 09/04/2020, 09:15 AM
Updated 07/09/2023, 06:32 AM

1. NZD/USD

A week ago NZD/USD exited the falling channel. Now the price has returned to support lines and this is a great opportunity to buy NZD/USD. The target is the level 0.6891.

NZD/USD

2. USD/CAD

USD/CAD was unable to continue dropping.
The price is currently in a falling channel and is moving towards the resistance line.
Besides, selling USD/CAD from this resistance line is recommended.
Therefore, the goal is the lower line of the falling channel.

USD/CAD

3. EUR/GBP

EUR/GBP will soon come back to the strong resistance line.

EUR/GBP

4. EUR/NZD

EUR/NZD is returning to the resistance line.
Moreover, the price is predicted to continue dropping from the resistance line to the support one.

EUR/NZD

5. GBP/JPY

3 strong support lines are nearby. I recommend buying from these support lines.
Thus, the target is the resistance line.

GBP/JPY

6. EUR/USD

EUR/USD failed to break through the resistance line (which is in a sell zone).
A correction to a strong support line and the price returning to the sell zone are anticipated.

EUR/USD

7. GOLD

Gold refuses to continue rising.
Thus, I recommend waiting until the price reaches the strong support line.
Then it will be a good idea to buy gold.
Meanwhile, the goal is strong resistance lines.

Gold

8. GBP/USD

GBP/USD reached the resistance line and started falling.
However, the price is expectable to return to the strong support line and then continue to rise to the strong resistance line.

GBP/USD

Latest comments

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