ClearTradingMind

ClearTradingMind

USD/CHF has been in a steady downtrend, but recent price action suggests a potential shift. A clear double bottom has formed near the 0.8800 level, hinting at strong buyer interest. The pair is now reacting from the 0.786 Fibonacci zone, and with bullish momentum building, it may target the 1.618 extension around 0.8919—about 92 pips higher. If this breakout...

ClearTradingMind

On the 4‑hour chart, ETH appears to be carving out a descending wedge pattern (often a bullish formation) while the RSI is trending upward from oversold territory. Here are the key points to watch: 1.Descending Wedge: - Price has bounced near the lower boundary of the wedge around the mid‑$1,900s. A break above wedge resistance (roughly in the $2,000–$2,050...

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After a strong bullish run, EURUSD has shifted into a sideways phase. The double‐tap near 1.0950 hints at fading upward momentum. Multiple quick breakouts above and below the 200‐period moving average confirm choppy market conditions. However, the short‐term technical bias suggests a push lower toward the 1.0840 zone—about 60+ pips from current levels—before the...

ClearTradingMind

EURUSD price has broken below a rising channel (highlighted in gold) and is trading underneath the 200 EMA (in blue), suggesting short-term bearish momentum. The chart highlights a potential drop of around 50+ pips, with an expected downside target near 1.0792. This level is derived from Fibonacci extensions, indicating further weakness may occur. Overall, the...

ClearTradingMind

AUD/CAD has been consolidating beneath the 0.90900 resistance—also forming a “double top” region on the chart. A solid break above 0.90900 could confirm a bullish breakout, supported by rising trendline structure and Fibonacci retracements (notably around 0.9058–0.9025). If buyers sustain momentum above this breakout zone, look for a move toward Expect Level 1 at...

ClearTradingMind Updated 

NZD/USD appears to be rebounding from the lower boundary of an expanding triangle, indicating a potential bullish continuation. A sustained push above the 0.5650 “reverse level” could drive the pair toward Expect Level 1 (0.5728) and, if momentum persists, Expect Level 2 (0.5767). As long as price holds above the failed-support zone and maintains its upward...

ClearTradingMind Updated 

EUR/USD has broken above key resistance around the 1.0540 area, completing a bullish triangle pattern. This breakout is supported by rising trendlines and Fibonacci projections, suggesting an upside move toward Expect Level 1 (1.0612) and potentially Expect Level 2 (1.0669). As long as price remains above the breakout zone, buyers appear positioned to keep...

ClearTradingMind

EUR/USD is hovering around the 1.0400 support—a key level also marking the lower boundary of its recent flat zone. A definitive break below this threshold could trigger a downside continuation, exposing Expect Level 1 (1.0323) and potentially Expect Level 2 (1.0270). Strong resistance near 1.0530 remains intact, reinforcing the bearish bias. As long as price...

ClearTradingMind Updated 

GBP/AUD appears to be breaking out of a contracting triangle on the 4-hour chart, signaling a potential bullish continuation. Following the pair’s recovery from the trendline support near the mid-1.97 region, price has pushed above key descending trendlines. This move aligns with the Fibonacci extensions on the chart, suggesting an initial upside target near...

ClearTradingMind Updated 

USDCHF has confirmed a Double Top pattern, followed by a trendline breakout, signaling potential downside momentum. The rejection from the resistance zone led to a breakdown, aligning with Fibonacci extension targets. The first bearish target (Level 1) is set at 0.89215, with a further drop toward (Level 2) at 0.88661 if selling pressure continues.

ClearTradingMind Updated 

The pair appears to be forming a rounded bottom, suggesting a potential bullish continuation. After basing near the 2.1900–2.1950 zone, price has reclaimed key Fibonacci levels (38.2% and 50% retracements), indicating strong buying interest. A sustained break above the 0.786 Fib around 2.2039 sets the stage for an advance toward Expect Level 1 (2.2144) and...

ClearTradingMind

AUDCAD appears bullish on the 4-hour chart, with the first resistance level (Level 1) at 0.90550. A breakout above this level could drive the pair toward the next key resistance (Level 2) at 0.91257, aligning with Fibonacci retracement levels.

ClearTradingMind

EUR/USD is expected to maintain a bullish outlook, with an anticipated level of 1.03960. If momentum strengthens beyond this point, the next key level to watch is 1.04260. With the upcoming CPI data release today, any negative impact on the USD could further support bullish movement, increasing the probability of reaching the second level at 1.04260.

ClearTradingMind Updated 

EUR/USD looks bullish, aiming for 1.03780 after rebounding from a key support zone. A break above the highlighted resistance area would confirm upside momentum, while holding above the support zone remains crucial for continuation.

ClearTradingMind

From the recent price action on the GBP/JPY 1H chart, the pair has shown signs of exhaustion after a corrective pullback into key Fibonacci retracement levels. The latest upswing appears to have found resistance around the 0.786 Fibonacci level (near 191.60–192.00), which suggests limited upside momentum. - Bearish Momentum: The RSI is rolling over from...

ClearTradingMind Updated 

GBP/AUD Bearish Outlook (15 Min): - AUD Weakness: Slow Q3 GDP (0.3%) raises rate cut expectations. - GBP Factors: Mixed UK data; consumer spending concerns. - Trade Tip: Watch for RBA signals and key UK releases. - Support: 1.9900; Target: 1.9800.

ClearTradingMind

I'm here to illustrate three possible scenarios for the future EUR/USD movement on the 1-hour chart. 1. Bearish Continuation Below the Demand Zone (≈1.0460) The price has formed a double bottom near 1.0460, indicating a strong demand level. If the market breaks below this zone, it would suggest that sellers remain in control and the downtrend could...

ClearTradingMind

AUD/CAD remains in a bearish trend, with 0.9240 as a key support level, repeatedly tested and holding strong. The bearish sentiment is driven by contrasting central bank approaches: the Reserve Bank of Australia’s dovish stance aims to support economic recovery, while the Bank of Canada signals potential rate hikes amid stronger economic growth and rising...