Hello Everyone, The current test of the 1-month resistance structure in USDCAD will reveal its strength amidst significant shifts in projection due to US CPI news. With the trend strongly bullish, focus should be on how the price reacts at the end of this resistance structure. TradeWithTheTrend3344
Hello Everyone, Currently, the NZDUSD pair is testing the 1-month support structure , which may find support within the range of 0.603825 to 0.59403. There is a significant possibility of a reversal at this juncture. Further observation over time will provide a clearer understanding of the situation. TradeWithTheTrend3344
Hello Everyone, We've reached the lows of AUDUSD across the 1-day, 1-week, 1-month, and 3-month time range. Presently, the trend indicates a strong bearish sentiment. However, despite this bearish tone, on higher timeframes, AUDUSD appears to be maintaining a neutral stance and isn't oversold. We could either witness a reversal from this current position or a...
Hello Everyone, At present, we anticipate an imminent shift towards bearish momentum as bullish trends are noticeably decelerating on the daily timeframe. However, it's worth noting that USDCHF is presently exhibiting overbought conditions on a daily interval. It's prudent to exercise caution given that the price has recently closed above the yearly Pivot Point...
Hello Everyone, To be unequivocal, the bearish trend remains prevalent for GBPUSD, albeit showing signs of gradual transformation. The emergence of upside potential is becoming increasingly evident and should become clearer shortly. TradeWithTheTrend3344
Hello Everyone, At this juncture, the potential for further upside in USDJPY cannot be disregarded before a potential downside movement, given the prevailing indicators. The long-term trend remains bullish. We will adopt a patient approach and monitor price action throughout the upcoming week to assess developments. TradeWithTheTrend3344
Hello Everyone, It's highly probable that the EUR/USD will continue to decrease until substantial news emerges to reverse the trend. Currently, the weekly support levels have been resilient. Yet, there's skepticism about their ability to sustain, and only time will tell how the situation unfolds. TradeWithTheTrend3344
Hello Everyone, Regarding the current trajectory of XAU/USD, we anticipate a modest decrease followed by a potential upward movement. The expectation is that the support level on the 1-day chart, currently being tested, will either hold or be further clarified by the weekly chart. In any case, we foresee a continuation of the upward trend. It's crucial to monitor...
Hello Everyone, We're observing robust resistance at the 1M mark of 17996.422 for NAS100, suggesting potential fluctuations ahead. However, it's crucial to note that the overall trend continues to favor bullish sentiment. TradeWithTheTrend3344
Hello Everyone, The S&P 500 is showing impressive performance with adjusted supports, indicating further potential for upside. We're approaching a significant monthly resistance point at 4998.266. It's noteworthy that we've recently reached another all-time high at 5003.22! TradeWithTheTrend3344
Hello Everyone, Although LTC/USD has been advancing at a slower pace than anticipated, the overall forecast remains unchanged, maintaining a bullish outlook. TradeWithTheTrend3344
Hello Everyone, The outlook for BCH/USD appears quite promising at this stage, with further upward potential anticipated. TradeWithTheTrend3344
Hello Everyone, Approaching stronger resistance levels on the monthly and yearly time frames for ETH/USD warrants caution. However, the overall projection remains bullish. Should the price successfully surpass monthly resistance levels, it will unlock a new trading territory for Ethereum. TradeWithTheTrend3344
Hello Everyone, If the BTC/USD price remains consistently above 45096.393, we anticipate a bullish momentum towards significant monthly resistance levels. Moreover, if the price manages to exceed and maintain levels beyond 48261.335, there's a likelihood of challenging the robust yearly resistance levels. TradeWithTheTrend3344
Hello Everyone, Our analysis from last week on NZD/JPY proved to be advantageous, and at present, we anticipate further upward movement in the pair. TradeWithTheTrend3344
Hello Everyone, The EUR/JPY has shown adherence to our support levels, indicating potential for continued upward movement. A stable price position above the 1-week pivot point would likely facilitate additional gains. TradeWithTheTrend3344
Hello Everyone, AUDJPY has recently revisited the 1M Pivot Point at 95.948, as well as prior 1M Support levels, as discussed in the previous analysis on AUD/JPY ( ). Notably, these levels have served as support. Presently, there is a dense cluster of support around various timeframes, notably 1D, 1W, and 1M, indicating a robust support zone that typically signals...
Hello Everyone, We've witnessed another challenge to resistance levels in the USD/CAD pair, followed by a subsequent decline. Presently, the price sits below the daily resistance levels and pivot point (PP). Our focus now shifts to a potential retest of the PP points, allowing us to gauge the market's reaction. Additionally, it's noteworthy that we've recently...