Forexmarket
USDCAD Trade Idea As per last analysis the USDCAD will move and touch the zone that I have marked now depends on US Dollar Index that If US Dollar will moved to gain its strength then USDCAD will also moved and the Map was also mentioned so just wait see the confirmations candle and then open up the buy trade.
The zone marked and the target will be 1.3376
NZDUSDNZDUSD is moving in an ascending channel. The market has reached the major resistance level at 0.64000. The market is overbought. It dropped from the resistance, and we'll see at least a pullback. The price is near the psychological level, and if it rejects the level, then we might see a massive drop from it
AUDUSDOANDA:AUDUSD
Hello Traders, what do you see on your Audusd chart?
My View:
Price is overall bullish and will take the old high at 0.69000.
I will start buying Audusd whenever market present a clear buying structure on 4H and lower time frames.
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EURUSD Double Top Chart PatternThe EUR/USD pair may face potential downside risks as a bearish outlook emerges, primarily due to the formation of a double top pattern on the 1-hour timeframe. This pattern typically indicates a potential trend reversal and suggests that the buying momentum may be weakening.
With the double top pattern in place, there is a higher probability of a downward price movement in the EUR/USD pair. The first target of 1.0840 indicates a potential decline towards that level, while the suggested stop loss at 1.0954 acts as a safeguard against further losses.
Looking forward to read your opinion about it!
EurUsd -> Faking Everybody OutHello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of EurUsd 💪
The monthly timeframe on EurUsd is pretty clear with EurUsd currently retesting massive previous support which is now turned resistance at the psychological $1.1 level.
With weekly market structure being bullish though, threre is no overall confluence at the moment so following the overall longer term picture I do expect a move lower now.
And it seems like EurUsd is finally breaking daily support towards the downside - I am then just waiting for a clean retest and bearish confirmation before I then do expect a daily move lower.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset: