Current EURUSD's resistance continues to hold back the bulls.EURUSD - 24h expiry
Prices stalled near resistance and reversed lower.
Trend line resistance is located at 1.0920.
Further downside is expected.
Risk/Reward would be poor to call a sell from current levels.
Momentum is flat, highlighting the lack of clear direction.
We look to Sell at 1.0919 (stop at 1.0949)
Our profit targets will be 1.0844 and 1.0834
Resistance: 1.0920 / 1.0940 / 1.0950
Support: 1.0900 / 1.0850 / 1.0840
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Setup
GBPCHF : Long Trade , 1hHello traders, we want to check the GBPCHF chart in the 1-hour time frame. The price has broken a downward channel and is moving in an upward channel. We expect the price to maintain its upward trend and reach the next key level, which is until the price grows around 1.14300. Good luck.
AUDUSD : Long Trade , 1hHello traders, we want to check the AUDUSD chart in the 1-hour time frame. The price is moving in an upward trend after breaking the descending channel. If the specified key level can maintain the price, we predict that the price can continue its upward trend. Let Veta grow to 0.67200 and then 0.67600. Good luck.
GBPCAD: Bearish Forecast & Bearish Scenario
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the GBPCAD pair which is likely to be pushed down by the bears so we will sell!
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XAUUSD SHORT SIGNAL H1 SETUPOn gold, we have a bearish tendency in the long term after a strong rally on Friday. The price seems to have consolidated around 1918, where we have an H1 value gap with a high reaction force for a possible reversal and a trendline that the price has touched for the fifth time. The target for a short trade will be at the level of 1985, with a risk-reward ratio of 1:2. It would be fantastic if you could share your opinion and leave a like to support our work. Greetings from Nicola, CEO of Forex48 Trading Academy.
DXY - Bullish until FED announcement?LTF entries are still valid if you missed a long entry upon daily liquidity sweeps.
I anticipate DXY to remain bullish until the rates are announcement on July 26th.
Inflation rates are expected to rise, which would attract a bearish order-flow. Nearer the end of July, I will be looking for bearish indications and re-evaluate my current bias.
✅US100 POTENTIAL SHORT FROM RESISTANCE🔥
✅US100 is going up to retest a horizontal resistance of 15,291
Which makes me locally bearish biased
And I think that we will see a pullback
And a move down from the level
Towards the target below at 15,000
SHORT🔥
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USDCAD : Long Trade , 1hHello traders, we want to check the USDCAD chart in the 1-hour time frame. The price has broken the descending channel upwards and then pulled back to the key level between 1.32200 and 1.32300. We expect this level to act as a support level for us. perform and maintain the upward trend of the price. If the price increases, we can expect the price to grow up to the next key level, i.e. up to the price of 1.33500. If the upward trend is strong, the next target that can be envisioned for the price It is 1.34600. Good luck.