The Pound (GBP/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.2521 which is a pullback resistance. Stop loss is at 1.2588 which is a level that sits above the 61.8% Fibonacci retracement level and a pullback resistance. Take profit is at 1.2426 which is a pullback support. High Risk...
Eurusd will be taking a down turn according to my analysis. Taking a sell now will be good a good one however ensure to do your own due diligence as well.
Daily chart: GBPJPY is currently in the 194.762 -194.974 key resistance zone from a technical perspective. If the price does not break the 194.974 level, a bearish pattern will be activated. Consider selling in the red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
#USDJPY UPDATE Hey team we are here to update about USDJPY. USDJPY has breaked the main Ascending Triangle Pattern. Getting a good volume here. We can see gain here upto 500Pips+ soon✅💯
AUDCAD is moving in an ascending channel. The chart has broken the trend line and now it acts as a dynamic support. After touching the dynamic support, the price has twice formed a bullish takeover. We expect the rebound to continue. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Manage SL during news time, intraday trade tp and sl mentioned not a financial advice
For EU, multi bottom pattern just got breakout. This is a nice breakout to upside. Bulish trend is confirmed. Let's wait for the re-test to buy Our possible target are: TP1: 1,0740 TP2: 1.0850
USDCAD is back within the channel. The price chart retested the channel boundaries and dynamic resistance. We expect a decline within the channel after overcoming the current level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
if usd cad manage to break that counter trendline i will be buy. considering the bullish structure of usd
USD/CAD Daily Chart Outlook USD/CAD is consolidating and might aim for a move above the 1.3760 resistance zone. Important Takeaways for USD/CAD Analysis Today USD/CAD is showing positive signs above the 1.3660 support zone. There is a major bullish trend line forming with support at 1.3620 on the daily chart at FXOpen. USD/CAD Technical Analysis On...
GBP/USD Daily Chart Outlook GBP/USD is attempting a recovery wave from 1.2300. Important Takeaways for GBP/USD Analysis Today The British Pound started a recovery wave above the 1.2400 resistance. There is a key bearish trend line forming with resistance near 1.2520 on the daily chart of GBP/USD at FXOpen. GBP/USD Technical Analysis On the daily...
EURUSD continues to maintain an upward trend on the final day of this trading week. Currently, this currency pair is moving smoothly within an upward channel on the 1-hour chart, approximately at 1.072. This uptrend has been fueled by the recent weakening of the US Dollar (USD), which has positively impacted the EUR/USD exchange rate. As long as the upward...
CHFJPY Poised to Rise Further The Japanese Yen is facing big challenges. It has extended its descending trend, reaching a fresh multi-decade low. Traders are closely watching the US Q1 GDP report and the Bank of Japan’s (BoJ) policy meeting for further direction CHFJPY benefited in the short term from this situation and is pointing to rise further as no one...
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Since January 2023, the USDJPY has been on an astronomic rise, driven by the significant divergence between FOMC and BoJ monetary policies. The initial market expectation was for the BoJ to intervene when the USDJPY approaches the 155 price level. Today the Yen has come under fresh selling pressure, as the BoJ kept rates on hold, taking the USDJPY above...
The US dollar surged on Wednesday due to higher-than-expected US inflation numbers. This led to USDJPY reaching new highs for 2024 and its strongest level since 1990. The March Consumer Price Index report showed persistent inflation in the North American economy, reducing expectations for a June FOMC rate cut. Headline CPI increased by 3.5% YoY, surpassing...
Hello,Traders! GBP-USD went up and Has reached a horizontal Resistance of 1.255 so I am locally bearish biased And I will be expecting A local bearish pullback Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!