FXTradingAnalysis

FXTradingAnalysis Jul 27

1. Trend Direction : CADCHF is currently bearish — the price is going down consistently. 2. Price Action : The pair is still falling and has not shown signs of reversing yet. 3. Target Area for Drop : I expect the price to continue falling toward the 0.5740 to 0.5720 zone. → This is a support area, where price may slow down or bounce. 4. Support Level...

FXTradingAnalysis Updated  Jul 27

EUR/CAD appears to be showing bullish momentum and is likely heading toward the 1.6110 level. Currently, the pair is testing a key resistance zone. If the price manages to break above this resistance with strong volume or confirmation, we could see further upside continuation toward the next target at 1.6110. Traders should watch for a clear breakout and possible...

FXTradingAnalysis Updated  Jul 22

The current price action looks strong, and if the bullish momentum continues, we have three main target levels in mind. The first target is $3,380. This is an important level we expect gold to reach soon if the trend continues upward. If the price breaks above $3,380, the next target is $3,433. This level is likely to act as a strong resistance, meaning the...

FXTradingAnalysis Updated  Jul 11

Gold is currently moving within a downward sloping channel, reflecting a period of controlled price movement. If the price continues to follow the channel, it may trend lower in the short term, with the next key support level seen around $3260. Alternatively, a breakout above the upper boundary of the channel may signal a shift in momentum, opening the way for...

FXTradingAnalysis Updated  Jul 10

AUDCAD seems to be sitting on a strong support level. From this point, I think the price could start moving up. If buyers come in, we might see the market go higher in the next few days.

FXTradingAnalysis Jul 9

The AUD/USD currency pair is currently moving within an rising channel and appears to be heading toward the upper resistance line of the trend. However, if the price breaks below the first support level at 0.6480, it may signal a reversal, and the pair could start to decline. In that case, the next key support levels where the price might find buying interest or...

FXTradingAnalysis Updated  Jul 8

I believe AUD/NZD is currently showing bullish signs and could continue to move higher. The price seems to be gaining strength, and I expect it to reach the 1.0870 level soon, which is about 50 pips above the current price. If the upward momentum continues, this target could be hit soon.

FXTradingAnalysis Updated  Jul 8

GBP/JPY is currently moving within an ascending channel, where price action is forming higher highs and higher lows. This pattern indicates a steady uptrend. At the moment, the pair is approaching the upper boundary (resistance line) of the channel. Based on the current momentum and structure, we expect the price to continue its upward movement and test the upper...

FXTradingAnalysis Jul 5

Gold is currently trading at $3337, which is an important support level. Earlier, the price dropped to around $3310, but it has since started to recover from that level. This bounce suggests that buyers are stepping in, and the market is showing some strength. Based on this recovery and the strong support at $3332.50, I expect the price of gold to move higher,...

FXTradingAnalysis Jul 5

USD/CAD is currently in a strong bearish trend, forming a series of descending channels. The price initially moved lower within a downward-sloping channel, then broke out to the upside, suggesting a reversal or deeper correction. However, this breakout was short-lived. Instead of continuing higher, USD/CAD lost momentum and began forming a new descending channel,...

FXTradingAnalysis Jul 4

EUR/NZD became bullish after dropping to the 1.8850 area. Since then, the price has moved up by about 600 pips. Right now, it is at an important resistance level. If the price breaks above this resistance and holds, it could continue to rise toward the next target around 1.9650. This breakout could be a sign that buyers are still strong and aiming for higher levels.

FXTradingAnalysis May 15

EUR/NZD is showing strong bullish momentum: The pair has been moving upwards since reaching the support level at 1.8807, and the bulls have been in control since then. We expect the first target at 1.9130 to be reached soon. If the price breaks above this level with strong momentum, the next target is 1.9245. Overall, buyers seem to be driving the market.

FXTradingAnalysis Updated  May 13

After going down, AUDCAD looks like it's starting to rise again. The price has broken above the downtrend resistance line, which suggests that selling pressure is weakening and buyers are taking control. If this breakout holds, the pair could continue moving up, with the next target around the 0.9030 level.

FXTradingAnalysis May 12

GBP/CHF is currently trading at 1.1145 and showing strong bullish momentum. The pair recently broke above the key resistance level at 1.1070, which has now turned into a support zone. This breakout suggests a shift in market sentiment, indicating increased buying pressure. As long as the price holds above this new support level, the bullish outlook remains intact.

FXTradingAnalysis Updated  Apr 7

GBP/CAD has stopped falling around the 1.8330 level, which is now acting as support. From this point, the price looks like it might move higher. The target to watch is around 1.8470, which could act as a minor resistance. If the price manages to break above 1.8470, there's a stronger chance it will keep going up. However, if the price drops below 1.8330, that...

FXTradingAnalysis Updated  Mar 19

CHF/JPY was in a downtrend for a long time, continuously moving lower. But when it hit support at 166.00, the price stopped falling, and buyers stepped in, pushing it back up. This level became a key turning point, preventing further drops. After bouncing from 166.00, CHF/JPY started showing signs of going up and even broke above the trendline that was holding it...

FXTradingAnalysis Mar 17

CAD/CHF has shown a clear reversal, forming higher highs and higher lows. This shift in structure indicates the beginning of an uptrend. As long as price action maintains this pattern and does not break key support zones, we expect a move toward 0.6220.

FXTradingAnalysis Updated  Mar 17

CHF/JPY appears to be in a strong bullish trend, making higher highs and higher lows. The price is respecting the trend and continuing upward. If this momentum holds, we can expect further upside movement. Key Levels & Trade Plan: First Target: 168.25 This is the immediate resistance level where price may face some reaction. If CHF/JPY struggles to break...