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Tuesday 5 January 2021

5th Jan.2021 Cmrforex Signals and forecast

Forex and metals signals and forecast from Cameroon Online School of Forex. The best Forex Academy in Cameroon, Central and West Africa. 

EURUSD target TP=1.2310 H4

Rising Wedge identified at 04-Jan-16:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.2310 within the next 3 days. It is supported by upwards moving average.

GBPUSD target TP=1.3523 H4

Rising Wedge has broken through the support line at 04-Jan-16:00. Possible bearish price movement forecast for the next 2 days towards 1.3523. It is supported by RSI above 60.

USDCHF target TP= 0.8858 H4

Flag identified at 05-Jan-00:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.8858 within the next day.

USDCAD target TP=1.2871 M30

Approaching Resistance level of 1.2871 identified at 04-Jan-19:00 . It is supported by upward sloping MA.

BTCUSD target TP=27650 M30

Channel Down identified at 04-Jan-23:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 27686.4050 within the next 7 hours. Supported by downward sloping moving average.

XAUUSD target TP=1935 M30

Channel Up identified at 04-Jan-20:30. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1935.2850 within the next 9 hours. 

ETHUSD target TP=930 M15

Triangle has broken through the support line at 04-Jan-23:30. Possible bearish price movement forecast for the next 8 hours towards 930.0343


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