EURUSD can lose its momentum and do 50% fib retracement in the upcoming week due to meeting the support level. However, if it respects the trendline and breaks through the support line, it has a possibility to reach 1.12100 levels.
Due to a double pin bar formation at the support line, it has a good chance for a bullish retest.
Hi guys, EURUSD is back with the setup for the next week again. This time , we are majorly looking for a long because of the divergence being shown , but if it breaks the support line, then it has the potential to go short too. Wishing everyone happy trading for next week. TP 1: 1.40000 TP 2: 1.40280 TP 3: 1.40600
GBPCAD followings for the week ahead. According to the trendline , it has the potential to go upwards.
AUDUSD just hit the support line and might go for a retest.
With the candlestick touching the support level and false breakout at 50 EMA , the market is predicted to move in an upwards trend with a take profit of 1.14850
Due to a weekly divergence forming , it is showing a strong signal for a buy.