FOREX Analysis 31 May to 04 June 2021

forex_analysis

599

05/31/2021

جدول محتوا

31-May-2021

EURUSD

EURUSD-Daily

EURUSD-H1

As can be seen in EURUSD daily chart, the price is creating wave5 of Elliott of the current uptrend. In this direction, there are several resistances in front of the price, which according to the same daily chart, the level of 1.2261 can be considered the most important of them. Of course, before that, we can also refer to the resistance level at 1.2210. With these conditions we have

BUY @ 1.2217, SL @1.2173, TP1@1.2250, TP2@1.2330 ,TP3@1.2490 please pay attention TP3 is long time

GBPUSD

EURUSD-D

EURUSD-H4

As can be seen, the price is in an up trend in the vicinity of a strong resistance at the level of 1.4240. We expect that with break out of this resistance, we will have a significant upward movement so

Buy @1.4245 sl@1.4210 tp1@1.4276 tp2 1.4325

NZDUSD

NZDUSD-H4

As can be seen, the price is continuing its uptrend and it is in the vicinity of the resistance level at 0.7317. We expect to have a strong uptrend as broken up this level so

Buy @0.7319 Sl@0.7280 TP1@0.7346 ,TP2@0.7377 TP3@0.7410

EURCHF

EURCHF-H4

As can be seen in the H4 time frame chart, the price has encountered resistance level in the range of 1.0989. If this level is broken, we will expect significant movement. In this direction, note that we want two goals, both of which can be targeted based on double bottom pattern

Buy @1.09915 Sl@1.0964 TP1@1.1016 ,TP2@1.1063

GBPCHF

GBPCHF-H4

As can be seen in the chart, the price has a resistance at the level of 1.2822 in its path. In addition, with a little care in the chart, it is possible to see the possibility of head and shoulder pattern occurring. Therefore, with the breaking of the line, which is the resistance that is ahead, we enter into a long position .

BUY@1.2825 SL@1.2785 TP1@1.2886 TP2@1.2966 TP3@1.3055