PIPSFIGHTER

PIPSFIGHTER Dec 13, 2024

EURUSD 1-Hour Analysis The EURUSD pair is trading within a downtrend channel on the 1-hour chart and is approaching a key support area near the lower boundary of the channel. This support zone presents a potential buy opportunity as it may act as a reversal point for a short-term bullish move. Technical Outlook: Pattern: Downtrend Channel and Support ...

PIPSFIGHTER Dec 12, 2024

USDAUD Daily Analysis The USDAUD pair is trading within an uptrend channel on the daily chart and is currently approaching the resistance line of the channel. This resistance area is a critical zone where selling pressure may emerge, making it a potential sell opportunity if the price shows signs of rejection. Technical Outlook: Pattern: Uptrend Channel and...

PIPSFIGHTER Dec 12, 2024

USDCAD 4-Hour Analysis The USDCAD pair is forming a wedge pattern on the 4-hour chart, with price action showing signs of bearish pressure near the resistance area. Additionally, a sell engulfing candlestick has appeared, reinforcing the likelihood of a downside move. This confluence of bearish signals provides a potential sell opportunity. Technical...

PIPSFIGHTER Dec 12, 2024

USDCHF 4-Hour Analysis The USDCHF pair has broken above a significant trendline on the 4-hour chart, signaling a shift in momentum to the upside. Additionally, a buy engulfing candlestick in the breakout area reinforces the bullish outlook, presenting a potential buy opportunity. Technical Outlook: Pattern: Trendline Breakout and Buy Engulfing Area ...

PIPSFIGHTER Dec 12, 2024

GBPCAD Daily Analysis The GBPCAD pair has broken below a key trendline on the daily chart, signaling potential bearish momentum. After the breakdown, the price is now retesting the trendline from below, which could act as resistance. This setup presents a potential sell opportunity if the price faces rejection at the retest level. Technical Outlook: Pattern:...

PIPSFIGHTER Dec 12, 2024

GBPNZD Daily Analysis The GBPNZD pair is trading near the resistance line of an uptrend channel on the daily chart. This level marks a key area where selling pressure could emerge, presenting a potential sell opportunity if the price shows signs of rejection. Technical Outlook: Pattern: Uptrend Channel Resistance Forecast: Bearish (Sell Opportunity) Entry...

PIPSFIGHTER Dec 11, 2024

EURCHF Daily Analysis The EURCHF pair is approaching a key support level on the daily chart, a zone where buying interest has consistently emerged. This support area offers a potential bullish setup, with the likelihood of a price rebound if the level holds. Technical Outlook: Pattern: Support Forecast: Bullish (Buy Opportunity) Entry Strategy: Look for...

PIPSFIGHTER Dec 10, 2024

XAUUSD 4-Hour Analysis The XAUUSD pair has formed a bearish engulfing candlestick pattern on the 4-hour chart, indicating strong selling pressure. This pattern suggests a potential downside move, especially if the price breaks below nearby support levels, confirming the bearish sentiment. Technical OutloOK Pattern: Sell Engulfing Forecast: Bearish (Sell...

PIPSFIGHTER Dec 10, 2024

AUDUSD Daily Analysis The AUDUSD pair is trading near a significant support level on the daily chart, where buyers have historically stepped in to drive prices higher. This key zone suggests a potential bullish reversal, making it an attractive area for a buy opportunity. Technical Outlook: Pattern: Support Forecast: Bullish (Buy Opportunity) Entry...

PIPSFIGHTER Dec 10, 2024

AUDCAD 4-Hour Analysis The AUDCAD pair has broken above a key trendline on the 4-hour chart, signaling a potential shift in momentum to the upside. Additionally, the presence of a buy engulfing candlestick in the breakout area reinforces the bullish outlook. This combination of technical signals presents a strong opportunity for a buy position. Technical...

PIPSFIGHTER Dec 10, 2024

USDDKK 4-Hour Analysis The USDDKK pair is forming a descending triangle pattern on the 4-hour chart, a bearish continuation pattern that indicates the potential for further downside. The price is consolidating near the support line, and a breakout below this level would confirm the bearish setup. Technical Outlook: Pattern: Descending Triangle Forecast:...

PIPSFIGHTER Dec 9, 2024

USDCHF 4-Hour Analysis The USDCHF pair is forming a head and shoulders pattern on the 4-hour chart, aligning with a trendline resistance level. This confluence of bearish signals suggests potential downside momentum if the price breaks below the neckline of the pattern. The trendline resistance strengthens the case for a sell position. Technical...

PIPSFIGHTER Dec 9, 2024

EURUSD 4-Hour Analysis The EURUSD pair is forming a head and shoulders pattern on the 4-hour chart, which is typically a bearish reversal signal. However, in this case, the price action suggests a potential invalidation of the pattern, favoring a bullish breakout scenario. If the neckline resistance is broken, it could provide a buy opportunity. Technical...

PIPSFIGHTER Dec 9, 2024

EURJPY 4-Hour Analysis The EURJPY pair is trading near a key support level on the 4-hour chart, a zone where buyers have previously stepped in to push prices higher. This support area presents a potential buying opportunity if the price shows signs of holding above this level. Technical Outlook: Pattern: Support Forecast: Bullish (Buy Opportunity) Entry...

PIPSFIGHTER Dec 9, 2024

GBPJPY Daily Analysis The GBPJPY pair is approaching a significant resistance level on the daily chart, where selling pressure has historically emerged. This zone indicates a potential reversal area, providing an opportunity for a sell position if the price fails to break above the resistance. Technical Outlook: Pattern: Resistance Forecast: Bearish (Sell...

PIPSFIGHTER Dec 9, 2024

On the lower timeframe, I am monitoring a potential selling opportunity near the key resistance zone between 2650.73 and 2656.60. Targets: 2645.00 2635.00 2620.15 Advance orders are not advised at this stage. Wait for strong bearish confirmation before entering the trade.

PIPSFIGHTER Dec 9, 2024

Based on the 1-hour analysis, I am currently watching for a potential selling opportunity near the resistance zone at 2650.00 to 2654.00. Targets: 2640.00 2420.00 2610.00 No advance orders are recommended at this time. Wait for strong bearish confirmation before entering a trade.

PIPSFIGHTER Dec 9, 2024

Based on the 4-hour analysis, the price is currently consolidating within a defined range. A decisive breakout will provide the next trading opportunity: Bullish scenario: If the price closes above 2668.00, we will consider a buying opportunity. Bearish scenario: If the price closes below 2606.00, we will look for a selling opportunity. We will monitor closely...