Today's focus: USDCAD Pattern – Support hold, retracement Support – 1.3517 Resistance – 1.3597, 1.3640 • USDCAD price sits at a junction. • USDCAD failed at its latest key resistance test. Hi, and thanks for checking out our latest market update. Today, we have run over the USDCAD on the daily chart and discussed oil and the USD index, as well as upcoming news...
Technical Analysis and Outlook: This week's price action of the Eurodollar turned out to be nothing but down modish as projected, by fulfilling our Outer Currency Dip of 1.087 and drifting to the next Outer Currency Dip of 1.070. However, the dead-cat rebound to Mean Res 1.090 should not be ignored.
At a daily timeframe there is double bottom neckline pattern. if the neckline breaks, the bull in the market will get stronger. The daily and weekly support looks strong. Disclaimer : The CMP is at the monthly strong resistance so trade with tight SL.
Price confirmed 0.58800 zone and formed bearish reaction. We can see double top at 0.58600 level. Price continued to go down and broke and retested 0.58100 zone. I expect to see bearish continuation.
As we can see the market making a double bottom pattern; if market breaks the resistance then we can place a trade in upward direction when market comes for a retest
Technical Analysis and Outlook: During this week's session, the Eurodollar decreased and reached our Mean Support level at 1.100 and lower, which suggests that it may continue to decline toward the Outer Currency Dip of 1.087. It could also rise and retest the Mean Resistance level at 1.109 to eliminate weak long positions. It's essential to consider this upward...
Today's focus: AUDUSD Pattern – HL Possible targets – 68.11 – 68.85 Support – 67.17 Resistance – 67.75 Could we see further upside from the AUDUSD? Currently price is bouncing off short-term support. This could continue if some of this week's key news goes in favour of risk markets. The USD has had a solid run recently but could any hints at future rant holds...
We can see strong downtrend here, but price then started to form higher highs and higher lows. Bulls gained control, but I expect to see bearish pullback and new higher low formation. Keep your eyes on 140.300 zone.
Price have reached an Higher timeframe Supply (Order block) and it has shifted the Lower timeframe Structure to bearish, So I'm a patiently waiting for a retest on the H4 OB as my entry. Sell limit Orders -1.72670
Am expecting a bullish retracement on GBPCHF Before Going Short again, although price might be bullish I wont be taking any Longs Because we are on a bearish Trend.
Price reacted to our significant zone and we can see bearish reaction. If price continues to go down, it is possible to see retest of 0.68000 zone.
Here we can see massive bullish trend. There is a minor resistance zone at 1.31400 level. Possible bearish reaction to 1.32500 Possible bullish reaction to 1.30000 If this bullish trend continued I will look for the opportunities to buy.
Very strong bullish move occurred and price reached our significant zone 0.698850. We can see bearish reaction now, and it is likely to continue.
2023.7.14 USD has fallen below the 100 integer mark Hello, I'm Older Duan. Today is Friday, July 14th 2023. Now it's 17pm Beijing time. Let me give you a quick comment on the technical forms of the current international mainstream varieties! First, what we see is the daily graph of the dollar index. As shown in the figure, the U.S. Dollar Index has fallen...
2023.7.11 GBPUSD accelerates its rise USD continues to be weak, the pound accelerates its rise, and US crude oil fluctuates slightly! Hello, I'm Older Duan. Today is Tuesday, July 11th 2023. Now it's 17pm Beijing time. Let me give you a quick comment on the technical forms of the current international mainstream varieties! First, what we see is the daily...
2023.7.7 USD is falling, gold is bearish and weak, and US crude oil is in a deep V shape! Hello, I'm Older Duan. Today is Friday, July 7th 2023. Now it's 17pm Beijing time. Let me give you a quick comment on the technical forms of the current international mainstream varieties! First, what we see is the daily graph of the dollar index. As shown in the figure,...
The current market conditions indicate that the USD/CAD pair continues to exhibit a bullish trend. The US dollar has been demonstrating strength against the Canadian dollar, leading to an upward trajectory in the exchange rate. Several factors contribute to this bullish sentiment. Firstly, the US economy has shown resilience and robustness, bolstering the appeal...
Price confirmed 1.32800 significant zone multiple times. It broke minor support 132400 and tested previous lower high. It is possible to see bullish move. But if price goes down and breaks 1.32200 zone, then I will look for the opportunities to sell.