FXTradingAnalysis

FXTradingAnalysis

GBP/AUD pair has formed a descending triangle pattern. In this pattern, the price is bouncing between a consistent 1.9610 support level and a declining resistance line. The support 1.9610 remains same, while the resistance is getting lower, showing that sellers are getting stronger. Currently, the price is moving within this triangle, testing the support multiple...

FXTradingAnalysis Updated 

The EUR/GBP pair has been falling steadily and recently reached 0.8230, its lowest point in over 3 years. The last time the price touched this level was in March 2022, which marked the start of a strong upward trend. This makes 0.8230 an important support level where the price could bounce back. We believe this could be the beginning of a uptrend, and we're...

FXTradingAnalysis Updated 

We expected EUR/USD to rise and reach 1.0510, which is a key level where the price might face some resistance. This level at 1.0510 is important because it's where the price might pause or reverse if there's no strong push. Breaking Through Resistance 1.0510: If the price manages to break above 1.0510, this would suggest that buyers are in control, and EUR/USD...

FXTradingAnalysis Updated 

EURNZD has been dropping since it reached 1.8500 and is currently trading around 1.8300. This strong downward movement has brought the price closer to our expected target at 1.8235. With the price now hovering near 1.8300, the market shows continued bearish pressure, and it’s likely to continue its move lower toward the target.

FXTradingAnalysis Updated 

EURAUD was moving upward and experienced a Range Shift, where the support level gradually moved higher. However, after repeated tests, the support level failed, and the price broke below it, indicating weakness in buying pressure. Now that the support is broken, it has turned into resistance. Before continuing downward, the price might retrace back up to test this...

FXTradingAnalysis Updated 

Gold appears to have found support at 2880 and is currently trading at 2900. Based on our analysis, we believe the price will rise further to 2935, as it has already reached this level twice before. This suggests a strong resistance zone at 2935, and if the price breaks above it, we could see further bullish momentum.

FXTradingAnalysis Updated 

GBPCAD is testing support, and the support levels are rising. This means that the price has been bouncing higher from these levels each time. I believe that after this test, the price will bounce up again and move towards the resistance level, which is clear and straightforward. The fact that the support is holding and moving higher makes it more likely that the...

FXTradingAnalysis

GBPNZD looks bearish and is expected to drop further. There is a Minor Support level that might slow the fall, but if the price breaks below it, the chances of a bigger drop will increase. Traders should watch this level closely, as breaking it could lead to more selling and push the price lower.

FXTradingAnalysis

EURAUD is currently in a bearish trend, and we expect further downside movement. Our first target is set at 1.6360, as this level serves as a key support zone. If the price successfully breaks below 1.6360, it could indicate continued bearish momentum, pushing the pair lower toward our next target at 1.6200.

FXTradingAnalysis

CHFJPY is currently forming a Symmetrical Triangle pattern, with price moving between higher lows and lower highs. This indicates market indecision as the buying and selling pressures are in balance. As the pattern continues to tighten, we can expect a breakout in either direction. Watch for a move above the upper trendline for a bullish breakout or below the...

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...