MARKETBROSS_

MARKETBROSS_

This currency pair has been in a downward trend for about a month. We are currently almost at the upper limit of the trend line. But we are also at the level of an important resistance level. Given the structure of the previous price action, we can now expect a rebound from the resistance level and almost from the trend line, downwards. This would create another...

MARKETBROSS_

The price formed a divergence and double top at resistance 2000. I think the market will range as I forecasted in the my last weekly post. In my opinion gold might go down to test support from main resistance IF price makes remains below the psychological price point at 2000. I expect short term correction from the resistance zone between 1980 - 1985. My...

MARKETBROSS_

USD-CAD This currency pair is moving on the H1 chart in a symmetrical triangle formation and the market has bounced off the upper line of this formation and currently the price is on the edge of the lower line. At the same time, the price is very close to the support level. If this price is broken, it opens up a further decline towards the support level, where...

MARKETBROSS_

The British pound on the pair with the US dollar is currently on the H4 chart at the border of the support level. The pound is moving in a slightly downward trend on the H4 chart, therefore we consider this situation an ideal opportunity to open a sell position using a breakthrough of the current support level and a price drop to the next, lower support level (support).

MARKETBROSS_

The price of this currency pair has currently reached the support level on the H1 chart and at the same time is close to the short-term rising trend line. Currently, the price is testing both the trend line and the support. We expect a break below this support level and a subsequent decline down to the next support level where our Take Profit is placed.

MARKETBROSS_

AUD-CAD The price moved in a downward trend on the H4 chart. Currently, the price is on the upper line of the trend channel, where there is also a strong area of resistance (Resistance). We assume a breakthrough through resistance and the upper line of the trend channel and a subsequent increase in price towards the next resistance area, where the target price of...

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The price of gold is currently around the price of 1900 on the H4 chart, which is an important psychological price level, at the same time it is also a support level, which has already been tested several times today and was trying to break through downwards. Given the inflation data that came out on the USD today and the price reaction at this key price, it is...

MARKETBROSS_

EUR-USD The price of this currency pair is currently located around the resistance level on the H4 chart, where a short-term trend line of a downward trend is also forming, from which increasing selling pressure can be seen. The current resistance level has already been tested several times, so we think now is the ideal time to enter a sell trade in order to take...

MARKETBROSS_

This currency pair is currently on the H1 chart at the border of the short-term rising trend line and around the local support. Following the reaction to the current macroeconomic data and price action, a breakthrough of this support level and a subsequent drop in the price towards the next support, where our target price is, is likely.

MARKETBROSS_

Gold The price of this commodity was around the support level on the H1 chart after a previous significant decline. Now it looks like a rebound and the price is located around the local resistance level. We assume that a breakthrough is possible not only within the correction and that opens the way to the next level of resistance (resistance), where our target...

MARKETBROSS_

Gold is currently moving in a short-term rising trend channel, best seen on the M30 or H1 time frames. Currently, the price is slightly above the support, but very close to the bottom line of the trend channel. We think it is likely that a rebound from the support level and at the same time a rebound from the lower line of the trend channel should have enough...

MARKETBROSS_

USD-CHF This currency pair is moving on the H4 chart in a short-term trend channel. Currently, the price has created a higher low, directly in the area of price support (support). The price has already tried to break the short-term trend line once. We assume that the price could break this price channel at the same time as the support and thus head lower, to the...

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The currency pair of the franc against the dollar is now moving around an important resistance price level on the H2 chart. Based on the previous move, where the price bounced off the support and started form a short-term uptrend, we think the price could continue to rise and break through the resistance. The target price would be at the next resistance level. In...

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USD-CHF This currency pair is moving in a descending trend channel and currently the price is located near the resistance, which is also near the upper line of the trend channel. Given the current data and price action, it can be assumed that the price will break through the upper trend line and at the same time the resistance level and will continue to grow....

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EUR-USD The Euro vs. Dollar currency pair is trading on the H4 chart in a short-term downtrend and is now stuck in the range between the horizontal support and resistance levels. Now it looks like we will break the current support with a bounce from the short-term trend line. This breakout would trigger a sharp downward shift in price, which is also supported by...

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NZD-USD This currency pair is moving in a downward trend on the H1 chart and is currently in the vicinity of the support at the level of the previous lows. Thanks to the overall previous trend as well as yesterday's US inflation data where the US dollar kicked in and started to strengthen, this is a possible opportunity for a sell trade.

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GBP-USD The pound against the dollar is currently under the influence of volatility following US inflation data. The current price is located around the support and not only thanks to the lower lows that we can see on the H4 chart, we can see the selling pressure. It is now possible that the price will continue to decline and break the current support. This would...

MARKETBROSS_

Gold broke the upward trend channel to the downside on the H4 chart and the price settled at the price of 1865, where the long-lived S/R zone also lies. This support was broken during yesterday and has now become resistance. After the downward trend channel is broken, it is technically possible to rebound from the downward resistance and create another new lower...