Visit fourtrades website for more insight ink in bio 1-Hour Chart Analysis Trend: The 1-hour chart also shows a descending channel, suggesting continued short-term bearish pressure. Key Levels: Support: 153.014 and 153.000. Resistance: 153.983 and 155.000. Indicators: RSI: The RSI at 46.24 indicates the pair is neither overbought nor oversold, suggesting...
Visit Fourtrades website for full market break down Current Trend: The USD/CHF pair is in an ascending channel, indicating a short-term bullish trend. The price is currently testing the upper boundary of this channel, near the resistance zone at around 0.8845. Support and Resistance Levels: Resistance: The next key resistance level is around 0.8860, which...
VISIT OUR WEBSITE link in the bio On the hourly chart, USD/CAD has been moving within a rising channel, characterized by higher highs and higher lows. The price is currently testing the lower boundary of the channel around the 1.3800 level. If the price holds above this support, we could see a continuation of the bullish trend, potentially targeting the upper...
Visit FOURTRADES WEBSITE for more insite link in the bio On the 1-hour chart, the price action shows more immediate movements and short-term trading opportunities. Key Observations: Descending Channel: The price is trading within a steeper descending channel, reinforcing the bearish momentum seen on the 4-hour chart. Resistance Zone: A clear resistance zone is...
Visit fourtrades website for daily and 4h chart breakdown link in the bio The 1-hour chart provides a closer look at the short-term dynamics. The price recently broke above a descending trendline, suggesting a potential short-term bullish reversal. However, the price action remains choppy, with several resistance and support levels to watch. Key...
VISIT FOURTRADES WEBSITE FOR MORE INSIGHT The 1-hour chart reveals more granular details of the recent price action. The pair has formed a bearish engulfing candlestick pattern at the resistance zone around 157.00, which is a strong bearish signal. This pattern indicates a potential reversal to the downside. Furthermore, the pair is approaching a support level...
Chart Overview: The price is currently trading around 0.88821. There is a notable support zone around 0.88600 to 0.88700. A resistance zone is observed around 0.89000 to 0.89200. Technical Indicators: The price has shown a potential bullish move from the support zone. We can expect the price to test the resistance zone around 0.89000 to 0.89200. If the price...
view fourtrades website in the bio for more insight USD/CAD Market Analysis Overview The USD/CAD currency pair has been displaying a strong bullish trend, supported by a rising channel on the hourly timeframe. Current price action suggests potential further upside, with key resistance and support levels clearly defined. Technical Analysis The USD/CAD pair is...
visit fourtrades web site for more On the 1-hour chart, NZD/USD is showing short-term bullish momentum as it approaches the upper boundary of the descending channel. However, this movement is still within the larger bearish structure. Traders should watch for price action signals around the resistance levels to determine potential reversal points. Trend:...
visit fourtrades website for more info Current Market Overview Gold has recently experienced a notable upward trend, breaking through key resistance levels and forming higher highs and higher lows. As observed on the daily chart, gold has broken out of a consolidation phase, signaling potential further upside momentum. Technical Analysis Daily Chart: Breakout...
Price Action: The GBP/USD pair has been trading within an upward channel, with consistent higher highs and higher lows. Key Levels: Possible Reversal Zone 1: Around 1.2890-1.2900, which corresponds to the lower boundary of the channel and previous support level. Possible Reversal Zone 2: Around 1.2770-1.2780, marking another potential support level within the...
The 1-hour chart for EUR/USD shows a clear upward channel formation. The price is currently trading near the upper boundary of the channel, which acts as resistance. There are two possible scenarios to consider: Continuation of the Uptrend: If the price breaks above the upper boundary, it could indicate a strong bullish trend, targeting the next resistance...
1-Hour Chart Analysis The 1-hour chart for AUD/USD shows the pair trading within an ascending channel. The price is currently near the upper boundary of the channel, which suggests potential resistance. Key observations: Ascending Channel: The price is respecting both the upper and lower boundaries of the ascending channel, with multiple touches confirming the...