Salzworth

Salzworth

On the 4H chart, prices are trending down a bearish channel with current prices hovering at the upper channel band at the 161.8% fibonacci level, forming lower highs and lower lows. Downtrend confirmation if prices breaks past the 1916 level as prices ened to turn bearish on the lower time frame to indicate the reversal. The bullion is trading below the ichimoku...

Salzworth

On the 4H FX chart, we're witnessing a bearish momentum, characterized by the pair navigating within a descending channel, consistently printing lower peaks and troughs. The presence of a pronounced doji candlestick indicates potential bullish defense at this critical juncture. Consequently, to mitigate risk, we'd position our initial TP just shy of the doji's...

Salzworth

On the 4H timeframe, prices are currently trending in a downward channel and the currency is heading to the 50% fibonnaci level. Prices crossing this zone is our downside confirmation, with an expected further descent of the currency to the key support zone at 0.63800. We place our stop loss at the previous support-turned-resistance level, which also coincides...

Salzworth

On the H4 timeframe, the pair broke above the upper level of a descending channel, and is encroaching towards the previous high at 146.500. With this break to the upside, price elevation beyond this level would be our upside confirmation to the next high at 148.800. This also coincides with our 27.2% fibonnaci retracement levels. The pair is also above the...

Salzworth

On the daily timeframe, the pair is currently trading within a bullish channel, forming higher lows and higher highs. Current price movement is trending towards key support zone at 1.0850, which is also the 61.8% Fibonacci retracement level, and could fuel further bullish positions on the pair if price does not break through the support zone and ascending lower...

Salzworth

On the H4 timeframe, there is bullish order flow, with higher lows and higher highs created. A throwback to support zone at 1.3380, which is in line with the 61.8% Fibonacci retracement level, could provide bullish acceleration towards the resistance zone at 1.3580, which coincides with the 141.4% Fibonacci extension level. Price is currently hovering above...

Salzworth

Price has been adhering to the observed descending trendline on the H4 timeframe. A pullback to the key resistance zone at 0.6150, which coincides with the 50% fibonacci retracement, could provide the bearish acceleration towards the next support zone at 0.6000, which is in line with the 141.4% fibonacci extension. Price is hovering below ichimoku cloud,...

Salzworth

Price has been adhering to the observed descending trendline on the H4 timeframe. A pullback to the key resistance zone at 141.20, which coincides with the 78.6% fibonacci retracement, could provide the bearish acceleration towards the next support zone at 138.20, which is in line with the 127.2% fibonacci extension. Price is hovering below ichimoku cloud and...

Salzworth

Currently, there is bullish order flow, with higher lows and higher highs created. A throwback to support zone at 1955.00, which is in line with the 78.6% Fibonacci retracement level, could provide bullish acceleration towards the resistance zone at 1985.00, which coincides with the 141.4% Fibonacci extension level. Price is currently hovering above ichimoku...

Salzworth

Price is approaching a key resistance zone at 0.6900. A break above upside confirmation, coupled with a retracement to resistance-turned-support at 0.6700, which coincides with the 61.8% fibonacci retracement, could provide bullish acceleration towards next key support-turned-resistance zone at 0.7000, which is in line with 227.2% fibonacci extension. Price is...

Salzworth

On H4 timeframe, price has recently rejected off from a key resistance zone at 0.6200 and broke below an ascending trendline. A pullback to resistance zone at 0.6200, which coincides with 78.6% Fibonacci retracement, could provide the bearish acceleration towards the next support zone at 0.6080, which is in line with the 241.4% Fibonacci extension.

Salzworth

Currently, there is bearish order flow, with lower highs and lower lows being formed on H4 timeframe. A throwback to the support-turned-resistance zone at 1.2700, which coincide with the 61.8% Fibonacci retracement, and a break below downside confirmation at 1.2600 could provide the bearish acceleration towards key support zone at 1.2500, which coincides with the...

Salzworth

The price on the H4 timeframe has recently breached the consolidation range of 0.6750 and 0.6800, indicating a breakout. A throwback to the resistance zone at 0.6750 could provide the bearish acceleration towards key resistance-turned-support zone at 0.6650, which coincides with the 227.2% fibonacci extension level. Price is hovering below our ichimoku cloud and...

Salzworth

On the 4H timeframe, there is bearish order flow, forming lower highs and lower lows. A pullback to key resistance zone at 1.3350, which is in line with the 50% Fibonacci retracement level, could provide the bearish acceleration to the support zone at 1.3000, which coincides with the 261.8% Fibonacci extension level. Price is hovering below the 20 EMA and ichimoku...

Salzworth

Price is hovering above a key support zone at 0.6650, which is in line with the 23.6% Fibonacci retracement, on H4 timeframe. A throwback to this zone could present an opportunity to ride the bounce to the resistance zone at 0.6780, which coincides with the 100% Fibonacci extension. Price is above ichimoku cloud and 20 EMA, supporting our bullish bias.

Salzworth

Currently, there is bullish order flow, with higher lows and higher highs created. A break above upside confirmation at 140.80, followed by a throwback to support zone at 138.80, which nears the 78.6% Fibonacci retracement level, could provide bullish acceleration towards the resistance zone at 142.00, which coincides with the 100% Fibonacci extension level. Price...

Salzworth

On the 4H timeframe, there is bullish order flow, forming higher highs and higher lows. Price tested a key resistance zone at 1.3650 on the 4H timeframe. A throwback to the key support zone at 1.3590, which is in line with the 38.2% Fibonacci retracement, and a break above the confirmation level at 1.3650 could provide bullish acceleration towards the resistance...

Salzworth

On the 4H timeframe, there is bearish order flow, forming lower highs and lower lows. A pullback to key resistance zone at 0.67, which is in line with the 50% Fibonacci retracement level, and a break below downside confirmation level at 0.6580 could provide the bearish acceleration to the support zone at 0.6420, which coincides with the 161.8% Fibonacci extension...