Royal_Trades

Royal_Trades

The price made a breakout of the bullish trendline and dropped below the resistance level at 0.57585, which may indicate that the bearish trend may continue. I think there may be a good bearish opportunity at the resistance level, which nicely aligns with the broken bearish trendline. The price may drop to the first support level at 0.56890 and eventually to the...

Royal_Trades

The price is struggling to break through the resistance level at 2.05965, which has been retested several times. I expect another retest of the resistance and then a drop all the way to the support level at 2.03230. NOTE: Do not apply trades blindly. Wait for confirmation and always analyze lower timeframes. Let me know in the comment section below if you have...

Royal_Trades

The EURCHF is approaching a strong resistance level at 0.95100. If this level holds, we may see a reversal in the trend. The price may reach at least the first support level at 0.94215, with the potential to drop lower to the second support level at 0.93658. NOTE: Do not apply trades blindly. Wait for confirmation and always analyze lower timeframes. Let me...

Royal_Trades

Last week, the EUR/USD experienced a significant breakout from a long-term bullish trendline, suggesting a potential trend reversal. The price is currently approaching the resistance level at 1.05150, which closely aligns with the broken bearish trendline. I expect a reversal in the trend and a significant drop. The price may reach at least the support level of...

Royal_Trades

Last week, the price broke out of the falling wedge pattern. Currently, the price is retesting the first support level at 106.760. If the support holds, the price may rise to the resistance level at 107.600. However, if it fails, the price could drop further to the second support level at 106.200. Dollar Index (DXY/USDX) is a measure of the value of the U.S....

Royal_Trades

DXY (U.S. Dollar Index) - Short Opportunity - 1D Technical Analysis Last week, DXY made an important bearish breakout as the price slipped below the previous support level at 107.425. If this level holds as resistance level, we may see a continuation of the bearish trend, with the price potentially declining further. I expect the price to drop to the support...

Royal_Trades

The price broke the bearish trendline and retested the support level at 1.78630 several times. With another successful retest, the price may reach the resistance level at 1.79680 and potentially go higher. NOTE: Do not apply trades blindly. Wait for confirmation and always analyze lower timeframes. Let me know in the comment section below if you have any...

Royal_Trades

The price is running within a descending (bearish) channel and is approaching a strong resistance level at 0.60525. I expect another slight rise to complete the descending channel and retest the resistance level. With a successful retest, we may see a reversal in the trend and a drop to at least the first support level at 0.58775 and eventually to the second...

Royal_Trades

Dollar Index (DXY/USDX) is a measure of the value of the U.S. dollar relative to the value of a basket of currencies of the majority of the U.S.'s most significant trading pairs (EUR, GBP, CAD, CHF, AUD, NZD, JPY, etc.). NOTE: Do not apply trades blindly. Wait for confirmation and always analyze lower timeframes. Let me know in the comment section below if you...

Royal_Trades

The price retested the long-term resistance level at 0.90410 several times. If the resistance holds again, we may see a reversal in the trend and a retest of the support level at 0.89118, or even the support level at 0.88045. NOTE: Do not apply trades blindly. Wait for confirmation and always analyze lower timeframes. Let me know in the comment section below if...

Royal_Trades

The AUD/CHF price is running within the price range and struggling to break through the resistance level at 0.58504. A reversal in the trend is expected to retest the bottom of the range - the support level at 0.57237. Please refer to the chart for more details. NOTE: Do not apply trades blindly. Wait for confirmation and always analyze lower timeframes. Let me...

Royal_Trades

The bearish trendline was broken on December 5th and retested on December 7, indicating a bullish trendline. However, the market is struggling to break the resistance level at 104.220, so we may see another drop to the support level at 103.185 and eventually lower to 102.670. On the 4-hour timeframe, the price has broken out of a bullish channel, which may...

Royal_Trades

The price is approaching the broken resistance level (previous support) at 107.610 and the bearish trendline. We may expect another drop to at least 105.457, which serves as a support level. Please refer to the chart for further details. NOTE: Do not apply trades blindly. Wait for confirmation and always analyze lower timeframes. Let me know in the comment...

Royal_Trades

Last week, the price faced rejection from the bullish trend for the third time. This week, we may see another retest of the bullish trendline and a potential reversal in the trend, with the price reaching the previous resistance level at 1.08760. Please refer to the chart for further details. NOTE: Do not apply trades blindly. Wait for confirmation and always...

Royal_Trades

Yesterday, the daily bullish trendline was broken, so we may expect a further downtrend. The price may reach at least the first support level at 1.69755. NOTE: Do not apply trades blindly. Wait for confirmation and always analyze lower timeframes. Let me know in the comment section below if you have any questions, ideas, or thoughts... Don't forget to like and...

Royal_Trades

The bullish trendline has been broken and retested, suggesting a potential further downtrend to retest the support level at 0.57218. NOTE: Do not apply trades blindly. Wait for confirmation and always analyze lower timeframes. Let me know in the comment section below if you have any questions, ideas, or thoughts... Don't forget to like and subscribe!

Royal_Trades

Last week, the bullish trend was finally broken and retested. Now we may see a retest of the resistance level at 186.437 and then a further drop to the support level at 184.645 NOTE: Do not apply trades blindly. Wait for confirmation and always analyze lower timeframes. Let me know in the comment section below if you have any questions, ideas, or...

Royal_Trades

USD is running inside the descending channel. We may see another drop to retest the support level at 102.650. The U.S. Dollar Index (DXY/USDX) is a measure of the value of the U.S. dollar relative to the value of a basket of currencies of the majority of the U.S.'s most significant trading pairs (EUR, GBP, CAD, CHF, AUD, NZD, JPY, etc.). NOTE: Do not apply...