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Looking at the GBP/USD H4 chart, I can identify the following key observations: 1. Trendline Resistance: The market is currently testing or approaching a key descending trendline, indicating potential resistance at higher levels. 2. Fibonacci Levels: The chart highlights the 0.5 Fibonacci retracement level near 1.2415, suggesting a possible bullish target...

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Looking at the EUR/USD H4 chart, here are some key observations: Fibonacci Levels: The 0.618 Fibonacci level near 1.0456 appears to be a potential bullish target if price rallies from current levels. Key Support Zone: The green support zone around 1.0200-1.0230 looks significant, where buyers may defend the area. A bounce from here could trigger upward...

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Hey Traders, Looking at the USD/CHF H4 chart, here's my technical analysis: Observations: 1. Descending Channel: - The pair is currently trading within a well-defined descending channel, indicating bearish momentum. - The price recently touched the upper boundary of the channel and appears to be pulling back. 2. Key Levels - Support Zone (Red Box):...

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Hey Traders, NZD/USD H4 Chart Analysis The provided H4 chart for NZD/USD indicates an ascending triangle pattern, a bullish continuation pattern. However, there are two potential scenarios based on price action: Bullish Scenario: Key Levels to Watch: Resistance:** 0.57341 (Fibonacci 0.5 level). Immediate Support:** 0.56339 (Fibonacci 0.236 level). Major...

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EUR/USD H4 Chart Analysis The H4 chart for EUR/USD shows a critical decision zone, with two possible outcomes based on price action: --- Bullish Scenario: Breakout Above Resistance (1.04500 - 1.04600 zone): If price breaks and holds above the green resistance area, we can expect an upward move. Target:The next major resistance is 1.06947 (Fibonacci 0.5...

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Hey Traders, This EUR/USD H4 chart suggests a bullish scenario, with price action breaking key levels and retesting them for continuation. Here's the technical analysis: ### Observations: 1. Trend Analysis: - The price has broken above the descending trendline, signaling a shift from a bearish to a bullish bias. - The breakout has been followed by a...

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Hey Traders, This USD/JPY H4 chart appears to show a descending triangle formation, typically signaling a bearish continuation pattern. The key levels and considerations are: 1. Trend Analysis: - The market seems to have broken the ascending trendline (blue) decisively, suggesting strong bearish momentum. - The price is currently trading below key...

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Attention Traders! 🚨 We're keeping a close watch on USDJPY for a potential selling opportunity within the 150.30-150.60 zone. 🎯 USDJPY in a correction phase, approaching the retrace area near 150.30-150.60 #TradingAlert #usdjpy #technicalanalysis