LearnTradeForex

LearnTradeForex

After an extended leg lower, USD/CAD is now posting signs of basing near major support at the 1.3815–1.3800 zone. The sellers appear to be exhausting, and bulls may be preparing for a counter-trend rally or even a shift in structure if momentum aligns. 🔍 Technical Setup: Key Support Holding: Price is respecting the 1.3815–1.3800 area, a level that previously...

LearnTradeForex

The daily chart of EUR/USD (Euro vs. U.S. Dollar) highlights a bearish setup. The price has recently retraced to the 61.8% Fibonacci retracement level, a common reversal point in trending markets. This retracement coincides with a descending trendline, adding to the confluence of resistance in the highlighted area. Key observations: 1. Resistance Zone: The price...

LearnTradeForex

The 4-hour chart of XAU/USD (Gold Spot vs. U.S. Dollar) shows a clear bearish trend, with price respecting a descending trendline. A key resistance zone, highlighted in purple, has caused a rejection as the price failed to break through. This aligns with the ongoing downward momentum, suggesting the potential for further declines. The analysis predicts a downward...

LearnTradeForex

The chart highlights the recent breakdown below a key support level and the potential for further declines if the market continues to favor the yen. I've marked significant Fibonacci retracement levels and the ascending trend line that has been providing support, which could be crucial areas for a bounce or further bearish continuation. Given the current...

LearnTradeForex

On the 4-hour chart, we're observing a persistently bearish trend that has methodically captured all the liquidity levels above the current price. This downward movement is quite notable. Directly beneath the current market position, we see the formation of equal lows, which are now acting as a significant attractor for the price, almost like a magnet drawing it...

LearnTradeForex

It appears that the EUR/USD could have reached its low point for the year, suggesting the possibility of an upcoming upward movement. A weekly reversal seems likely! 📈 As we closely monitor the charts, several factors indicate that the euro might be poised for a comeback. The recent price action shows signs of stabilization, and key support levels are holding....

LearnTradeForex

EUR/USD pullback to 61.8 fib retracement, then continue the upward trend to weekly resistance.

LearnTradeForex

Based on the upward momentum, expect to see more movement to the upside to start the trading week.