Price tested the support line at 97.421 after a brief pull back from 97.678 resistance, and now there could be a Possible bullish price movement towards the resistance 97.86 provided market price continues in the upward trend. It would be advisable to wait for a confirmation breakout of the resistance line at 97.610 to attempt a long position.
Good luck trading.
The AUDUSD pair seems like it has reached a key zone, and it's likely it will reverse and test the support line at 0.710395. A stop-loss can be set 0.714583 to avoid high volatility exposure.
The AUDJPY pair just bounced off the support line of this ascending channel and now I expect the price to make its way all the way up to the resistance line of the the channel.
Note: this is not investment advice.
The EURJPY pair rebounded from the support line at 127.504, and is now on its way to the resistance line at 128.138 where I expect the price to rebound back down to the support line of the ascending channel. A possible entry point to go short from 128.138 is imminent.
Note: This is not investment advice.
GBPUSD is approaching resistance and I expect the price to start falling from there all the way to the support line of the ascending channel.
Note: This is not investment advice.
The USDCHF pair seems to be dropping lower to the suport line at 0.89577 after a rebound from the resistance line at 0.90251.A possible entry point to go long on the USDCHF pair is imminent. As long as the lower support line of the channel remains intact, I expect the price of USDCHF to continue its journey back up the upper resistance line of the channel. the...
The USDCAD bounced off the support line at 1.25788 in the hourly channel. Now I expect the the currency pair's price to rise up to the level of 1.27240.
Note: this is not investment advice.
