FXTradingAnalysis

FXTradingAnalysis

GBP/USD has been in a downtrend for some time. Recently, it formed a rising wedge pattern, which is a bearish continuation signal. In this pattern, the price had been making Higher High and Higher Low indicating a tightening range. Now, the pair has already broken the support of the wedge, confirming the bearish breakout. This suggests that the downtrend is...

FXTradingAnalysis Updated 

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FXTradingAnalysis Updated 

NZDCAD is trading at 0.8273 , and we see two possible outcomes depending on how it reacts to the trendline resistance: Scenario 1: Price Breaks Above the Trendline Resistance If the price moves above the trendline resistance, it could rise to the first target at 0.8358 . If it continues upward and breaks this level too, the next target would be 0.8410 . ...

FXTradingAnalysis

GBP/CHF is currently trading at 1.1225, with key support at 1.1123 and resistance at 1.1335. The support level of 1.1123 has been tested multiple times, indicating strong buying interest and making it difficult for the price to break below. As a result, the price is rebounding from this support, and we expect a bullish move toward the 1.1335 resistance level.

FXTradingAnalysis

AUD/CHF is currently trading at 0.5745, with a major resistance level at 0.5860 and support at 0.5670. Additionally, there is another resistance at 0.5790 and support at 0.5720. The pair has tested the 0.5830 resistance level twice and dropped but consistently reversed from the 0.5720 support. Currently, at 0.5745, we believe the price is likely to test the 0.5790...

FXTradingAnalysis Updated 

GBPNZD is currently trading around 2.1650 and has formed a bull flag pattern, which is often seen as a continuation signal in trending markets. This setup suggests that the recent bullish momentum could continue once the price breaks above the resistance line of the flag. A confirmed breakout above this level would provide a clear indication of further upward...

FXTradingAnalysis

I’m sharing this detailed analysis to highlight opportunities and significant trends in the market that could influence upcoming price movements. This analysis reflects careful consideration of the current market dynamics and aims to provide valuable insights for better decision-making. Your feedback, suggestions, or even alternative perspectives are always...

FXTradingAnalysis Updated 

Currently, GBPCAD is trading at 1.7970, and we're opting for a buy trade with a target set at 1.8110. If we’re considering a sell trade, we’ll need to keep a close watch for a break below the support level at 1.7860. This level is crucial because it indicates where buyers have previously stepped in to support the price. If the price drops below this level, it...

FXTradingAnalysis Updated 

GBPAUD is currently at 1.9630, and there's an important support level at 1.9587. We have two possible scenarios to watch for: If the price holds above 1.9587: This could be a sign that the price will move higher. If it stays above the support, we could see it rise to around 1.9693. If the price breaks below 1.9587: If it goes below the support level, then we...

FXTradingAnalysis Updated 

CAD/CHF has hit key support level at 0.6200 and is now trading at 0.6230, indicating bullish momentum. The pair appears to be moving within a defined channel, and there’s a strong possibility for it to rally towards the resistance at 0.6295. This upward target aligns with previous levels where selling pressure has emerged, making it a crucial level for monitoring...

FXTradingAnalysis Updated 

AUD/NZD is currently in an uptrend, with the trendline acting as a strong support level. Currently, the price has pulled back to this support level, and based on technical analysis, we believe that it will likely bounce upwards from here. Our target for this upward movement is around 1.1060. This setup suggests a good buying opportunity, given that the support...

FXTradingAnalysis Updated 

EURCAD is currently trading at 1.4900, which is a key support level. From this point, the price has the potential to move upwards, targeting the 1.5160 level. However, if this support level is broken, there is an increased likelihood that the price will continue to decline, potentially falling further until it reaches the Trendline Support. Traders should closely...

FXTradingAnalysis

AUDCAD moved up from 0.9060 to reach 0.9375, and now forming a descending triangle pattern. This pattern usually appears when the price is making lower highs, meaning sellers are pushing it down, but there’s still a solid support level holding it steady, around 0.9165. Currently, AUDCAD is trading at 0.9175, and it seems likely to keep dropping. The first level...

FXTradingAnalysis Updated 

EUR/NZD found support around the 1.7860 level, holding up the price and stopping it from dropping further. Buyers stepped in at that point, pushing it back up, and now it's looking like the pair is on track to head towards the 1.8065 level.

FXTradingAnalysis Updated 

EUR/AUD Analysis (Currently at 1.6205): First Scenario : EUR/AUD will rise directly to the resistance level at 1.6335. Second Scenario : The pair will drop to the support level at 1.6100 before moving up to the target of 1.6335. Third Scenario : If EUR/AUD breaks below the 1.6100 support, it will fall further to the next support at 1.6040, and from there, it...

FXTradingAnalysis Updated 

BTC appears to be testing a trendline resistance. If it breaks through this resistance, there's a chance it could rise further and reach 69,000.

FXTradingAnalysis Updated 

EUR/AUD appears to be in a bearish trend and could drop to the 1.6200 level. At this point, we expect two possible scenarios: it may either find support at 1.6200 and reverse upward, or, if it breaks below this critical support level, there is a strong possibility that it could drop further, possibly down to 1.6030. From the 1.6030 level, we believe the bulls may...

FXTradingAnalysis Updated 

Currently, the NZD/CAD pair is trading at 0.8400. It's important for traders to monitor key resistance level at 0.8435. A break above this resistance could indicate a bullish signal, allowing the price to rise further, with targets set at 0.8500 and 0.8530. Conversely, if the price moves downward and breaks the support level at 0.8372, it may lead to further...