FXTradingAnalysis

FXTradingAnalysis Updated  Oct 15, 2024

After hitting resistance level of 2.1570, GBPNZD has started to fall. We expect the price to keep dropping until it reaches the support level at 2.1340. We believe this is where buyers will likely enter the market and start buying, possibly pushing the price back up to 2.1570. If the support at 2.1340 is broken, the next critical levels to watch will be around...

FXTradingAnalysis Oct 15, 2024

EURAUD is currently trading at 1.6250. It is attempting to break out of the descending trendline resistance. If the price manages to break above this level, we could see an upward movement toward 1.6335. Traders should keep an eye on this breakout, as it may indicate a stronger bullish momentum.

FXTradingAnalysis Oct 11, 2024

GBP/USD looks bullish after bouncing off the support level at 1.3020. This means buyers stepped in around that price, and the market could be ready to move higher. The first target for this upward move is around 1.3155, a point where the price might pause or face resistance from sellers. If the momentum continues and GBP/USD breaks through 1.3155, the second...

FXTradingAnalysis Updated  Oct 4, 2024

Gold is currently facing resistance around the 2660 level. If this resistance is broken, it is likely that the price will continue to rise and may reach up to 2680. However, if the price fails to break through this resistance, it could face further downward pressure, leading to a drop towards the support levels indicated on the chart. Traders should monitor these...

FXTradingAnalysis Updated  Oct 4, 2024

GBPCAD is currently trading at 1.7790 and seems likely to continue its upward movement towards 1.7850. The pair has established support around the 1.7700 level. However, strength is already evident from 1.7730, suggesting that buyers are stepping in before it reaches the key support zone. This early buying pressure could push the price higher without revisiting...

FXTradingAnalysis Updated  Oct 4, 2024

WTI (USOIL) is currently trading at 71. After falling to the strong support level of 65.00 , it has shown consistent upward movement. This recovery from 65.00 indicates strong buying interest at that level, and we believe the bullish momentum is likely to persist. As the price continues to climb, we are projecting a target range between 78.00 and 79.00 . The ...

FXTradingAnalysis Oct 2, 2024

EUR/USD is showing signs of continuing its downward movement, possibly dropping further towards key support levels. The first support level to watch is at 1.0970, which could act as a temporary floor for the price. If the downward momentum persists, the next important support level is at 1.0900. At either of these support points, there is a strong chance that...

FXTradingAnalysis Sep 30, 2024

Gold is currently trading within a descending channel. If the price continues to move within this channel, there is a strong possibility that it could drop further, potentially reaching the 2605 support level. However, if the price breaks above the descending channel, we expect it to reverse and rise back up toward the 2680 level. What are your thoughts on this...

FXTradingAnalysis Updated  Sep 30, 2024

NZD/CHF is currently testing a resistance level and may drop towards the 0.5225 support zone. Despite this, we advise caution and do not recommend initiating a sell position at this time, as market conditions could shift. Instead, we suggest waiting for a clear breakout above the 0.5320 resistance level before considering a buy. If this breakout occurs, there is...

FXTradingAnalysis Updated  Sep 30, 2024

After breaking the falling resistance line, EUR/NZD is likely to rise and may hit all targets. However, if it doesn't break through, the pair could drop to the 1.7660 support level. From there, we expect it to bounce back and go up again. This means it's important to watch the resistance level closely, as it will affect the pair's next move. A successful breakout...

FXTradingAnalysis Sep 28, 2024

GBP/CHF pair is currently showing signs of bearish momentum, with prices expected to drop further until they reach the support level around 1.1210. If the price reaches 1.1210 and exhibits bullish signals, such as a bullish engulfing candle or an increase in buying volume, this could indicate a potential reversal. A confirmation of strength at this level would be...

FXTradingAnalysis Updated  Sep 27, 2024

If the price successfully breaks through the 41,600 resistance level , it could signal further upward momentum, potentially leading to a continuation of the bullish trend. This breakout may attract additional buyers, pushing the price higher as market sentiment turns more positive. However, if the price fails to break through the 41,600 resistance, a pullback is...

FXTradingAnalysis Updated  Sep 22, 2024

Consider buying Bitcoin (BTC) for the short term, with a target set at $63,880.

FXTradingAnalysis Updated  Sep 20, 2024

GBP/CHF is currently trading at 1.1132. It appears to be on a downward trend and may drop to around 1.1055 before potentially rising again. However, to ensure a more strategic entry, we recommend waiting for a confirmed breakout before buying. Once the breakout is confirmed, we can proceed with buying, setting our target price (TP) at 1.1340.

FXTradingAnalysis Updated  Sep 19, 2024

The CAD/CHF pair is trending downwards. It’s expected to reach 0.6190 (TP1), then 0.6160 (TP2), and possibly 0.6100 (TP3).

FXTradingAnalysis Updated  Sep 18, 2024

If gold breaches the 2563 support level , it may signal increased selling pressure, opening the possibility for a more downward movement toward the next key support area around 2545. However, if buyers step in and the price holds above the 2563 support , it could lead to a rebound, with potential upside movement toward the 2588 level . Traders will be watching...

FXTradingAnalysis Updated  Sep 17, 2024

EUR/CAD has tested the support level at 1.4900 for the third time and is now showing upward momentum. Based on this price action, we anticipate a further rise toward the first resistance level at 1.5055 . Should the pair successfully break above this resistance, there is potential for continued bullish movement, with a possible climb towards the second...

FXTradingAnalysis Updated  Sep 17, 2024

If the 2570 support level is breached, it could signal a potential for more downside movement. This level often acts as a key threshold where buyers typically step in to prevent further losses. However, once broken, it may indicate that selling pressure is intensifying, which could lead to a more significant decline in price. Traders should watch for a strong...