Hello friends, A pullback has occurred on the 4-hour chart of the FX:EURUSD pair, and my target is at the 1.07408 level. Best regards, You can express your appreciation with a like for the analyses we have diligently prepared for you, investing time and effort. Feel free to share your thoughts and questions in the comments section. Good luck.
DXY next expected movement. with the current situation. 4H Pressure level still in a strong position. D1 Resistance 107.414 | Support 99.521 4H Resistance level 104.275 | Support 100.618 According to analyze USD will retest 4H support and change direction. Mostly end of the day it will reach for 4H support level because of news.
Hi Traders! Forex Weekly Recap for 18–22 September, 2023: Fundamentals The Reserve Bank of Australia (RBA) released the Meeting Minutes of its September meeting. Key notes were: They considered raising rates by 25 basis points or holding rates at the September meeting. The economy still appears to be on a narrow path by which inflation returns to target and...
The CAD/CHF is moving within a descending channel. Currently, a strong support is holding the price, and if it breaks, a significant decline is expected. However, there's a possibility it might return to the top of the channel before that. Nevertheless, if it were to break out of the channel to the upside, I anticipate a larger correction. If you find it...
The USDCHF is moving within a descending trend channel, and the price has reached the upper part of this channel, which also acts as a strong resistance level. Therefore, further decrease is likely. The targets are the lower support levels and the lower part of the channel. It's recommended to observe how the price reacts to this level. If you find it useful,...
The GBP/USD has broken a long-standing upward trendline and formed a head and shoulders pattern. Therefore, I expect the price to fall to the next significant support level. Daily: If you find it useful, like, follow, share! Good trading!
The GBP/CHF has been in a range for a long time, and it recently touched the lower boundary again. On a lower timeframe, a double bottom and a higher low have formed, indicating a possible trend reversal. If the descending trendline is broken, there is a high probability that the upper boundary of the range will be the target. Range: Double bottom: If you...
The NZD/USD is currently trading within a descending channel on the daily timeframe. It recently broke below the corrective trendline and retested it. I anticipate a continuation of the downward trend from here. If you find it useful, like, follow, share! Good trading!
After a strong rally, the AUD/JPY has recently formed a falling wedge pattern, which it has now broken out from. This suggests that we can anticipate further upside momentum as it aims to retest previous highs. Traders should keep a close eye on this pair as it presents potential trading opportunities in the ongoing upward trend. Daily chart: Good...
Please if you found this helpful drop a like and follow, let us discuss it in the comment section. To me, this trend looks like expanding and also counting the ELLIOT wave inside the trend. We should be looking for a buying opportunity if the price continues holding the particular zone
The price is moving in a descending channel and has reached the top of the channel and a strong horizontal resistance. From there, it is expected to move towards lower support levels. 1W: 1D: Good trading! If you find it useful, like, follow, share!
like my idea, follow my account, leave a comment Let us all hold on for EUR/USD correction to complete WAVE 4, after completion then we should follow the bear market down a bit to complete the bigger wave of the current sequence. Goodluck
The EUR/USD currency pair is currently experiencing oscillations below the 1.0700 level, primarily influenced by the USD Index surpassing the immediate resistance level of 104.30. This development reflects the strength of the US dollar and its impact on the pair's movements. Financial markets are witnessing a state of chaos due to the conflicting views among...
The price has broken a significant trendline and resistance level and is therefore expected to target higher resistance levels. Good trading! If you find it useful, like, follow, share!
EURAUD has been in an uptrend for a long time, has now broken the descending trendline and is likely to start rising again to the next resistances. Good trading! If you find it useful, like, follow, share!
GBPUSD has broken a significant trendline and support level and is expected to return to lower support levels. Good trading! If you find it useful, like, follow, share!
The price moves in a descending channel and has reached the upper part of the channel and a strong resistance level. It is expected to move downwards and target previous support levels as well as the lower part of the channel. 1D descending channel: Good trading! If you find it useful, like, follow, share!
AUD/CHF can turn bullish any moment from now to start another sequence. Correction is on the way according to ELLIOT WAVES rules. All traders should set their eyes on this pair