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The *AUDCAD* currency pair seems to have formed a *dynamic head and shoulders pattern* on the *4-hour (4H) time frame*. Let's break down the analysis: 1. *Pattern Description:* - The head and shoulders pattern consists of three main components: a left shoulder, a head, and a right shoulder. - In this case, it's described as "huge," which suggests that the...

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EURNZD shows signs of a bullish trend after testing a significant intraday support level. There is a clear breach of a resistance line in a descending channel and a breakout of a neckline in a cup and handle pattern. This suggests that we can anticipate an upward movement in the near future, with target levels at 1.7759-1.7820.

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The GBPUSD hit an important level of resistance before dropping in price. It also broke through a support line in a rising wedge pattern, indicating that sellers are gaining strength. I believe that the breach of resistance may have been a deceptive move. The pair is likely to decrease to a range of 1.2651-1.2610.

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A huge significant head and shoulders pattern has emerged in GOLD on a 4H chart, with the price also creating a bearish flag pattern as it forms the right shoulder. Both the support line of the bearish flag and the neckline of the head and shoulders pattern have been breached, with a 4-hour candle closing below them. It is likely that the pair will now decline...

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The Dollar Index is currently experiencing a downward trend on a global scale. After reaching a new low earlier this month. The market has begun a corrective movement within a bearish flag pattern. Yesterday, the price broke below its support and closed below it. It is likely that the pair will continue to drop and reach a new low soon. The target range is...

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The AUDUSD price has successfully surpassed and closed above a significant intraday resistance level, indicating strong buyer momentum. The broken horizontal resistance is now acting as support. This suggests that the bullish trend is likely to persist, with the next target being 0.6711.

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EURUSD has created a bullish flag pattern following a break above a significant daily resistance level, which is now acting as support. The pair experienced a correction as it became overbought. The price fell within the bullish flag pattern and bounced sharply upon testing the broken structure. To confirm the bullish trend, look for a breakout above the...

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CADJPY is currently experiencing an upward trend on a 4-hour chart. The price has created a pattern known as an ascending triangle, with 114.85 acting as a key resistance level. I anticipate that the next significant movement will occur once the price breaks above the highlighted blue area. Confirmation of this breakout will come with a 4-hour candle closing...

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The USDCAD experienced a sudden increase in value yesterday, with a strong bullish candle breaking through both a horizontal resistance and a significant downward trend line. I anticipate that the bullish momentum will continue, potentially driving the price even higher after a retest of the broken resistance levels. The next targets for the price could be...

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The Dollar Index successfully surpassed and closed above the neckline of an ascending triangle pattern and a significant resistance downward trend line. The current price is undergoing a retest of this broken structure, and I anticipate a bullish movement to occur from this demand zone. My targets are set at 105.11 and 105.40.

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Despite being in a long-term bullish trend on EURUSD, we can not deny the following bearish clues: The pair has broken a support rising trend line and closed below it on a 4-hour chart, as well as forming a descending triangle pattern and breaking its neckline. These two bearish confirmations suggest that the market could continue to drop lower, with potential...

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The AUDUSD pair has broken through both the rising support trend line and the neckline of a double top pattern on the 4-hour chart. Following a test of a significant horizontal resistance level. As a result, we may anticipate a retracement from this level, potentially falling back to around 0.6564.

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Despite the fact that Gold is currently in a long-term bullish trend, there are some bearish signs to consider. Firstly, the pair broke a support trend and closed below it on an hourly time frame. Secondly, the price has formed a descending triangle pattern and is close to breaking below its neckline, indicating a potential sell signal. These two bearish...

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USDCAD successfully broke through the neckline of an ascending triangle pattern on a 4-hour chart and closed above it. This signals the strength of buyers and suggests a potential return to an overall bullish trend in the market. The next target for buyers is 1.3686.

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Update for 📈GBPUSD. The GBPUSD price has effectively surpassed and closed above the neckline of an ascending triangle pattern on the hourly chart. This is a significant indication of a bullish signal. Given that the market is currently in a long-term uptrend, it is likely that the pair will continue to rise in the near future. The next target levels to...

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Update for 📈GBPAUD. The GBPAUD price has successfully surpassed and closed above the resistance level of a narrow horizontal range and a declining trend line on a 4-hour chart, signaling a strong bullish trend. The broken resistance is now turned to support Taking into consideration that the market has been consolidating for the past two weeks, it is expected...

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Gold surpassed and ended above its all-time high level today. The previously broken structure has now become a zone of demand, and the pair is currently testing that broken structure again. I anticipate an increase in buying volumes in that area, leading to a bullish trend continuing towards 2460.

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The GBPUSD ended the previous week by testing a resistance cluster formed by a horizontal structure. Due to the strong bullish trend, there is a high likelihood that the market will break through this resistance. I will be looking for a confirmation of a bullish continuation with a 4-hour candle closing above the marked blue area. If this happens, the market...