GBP/CAD is expected to break out to the downside after a period of ranging market conditions. Despite multiple market data releases, the pair remained unaffected and has shown a consolidation pattern. I believe the ranging phase is over, and GBP/CAD is now beginning a bearish trend. The first target for this move is 1.76450 , with potential for further...
EUR/NZD is expected to enter a bearish trend after rejecting and forming a double top at the 1.80200 level. With the rate cut expected today, this bearish move could drop to 1.78520 without much resistance. Keep an eye on the RSI overbought/oversold zones for potential corrections along the way.
USD/CAD is signaling a bullish reversal after a month-long bearish trend. The pair is expected to reach 1.36140 as its first target in this upward movement. Additionally, the RSI indicator failed to pull the price back from its overbought condition, providing extra strength to this bullish rally
The GBP/CAD pair is expected to move bullishly, targeting the 1.78160 level. On the 1-hour chart, the price has successfully broken out of a descending channel, creating a higher high before retracing. This movement is significant, especially with the RSI indicator reaching overbought levels, suggesting strong upward momentum.
I anticipate that a more favorable...
The AUD/CHF chart shows a strong bearish trend, with the price having retested the 0.56750 support level twice. Despite this support, the downtrend indicates that the pair may break below this level. The expectation is for the price to move further down toward 0.56472 if the support is breached. This support level has held previously, but current momentum suggests...
The USD/CHF pair is showing a continued bearish outlook, with an expected range around 0.84481. A potential bullish scenario is only likely to emerge if the price breaks above the key resistance level of 0.85341.
⚠️ Key Pivot Level: The daily pivot at 0.85042 is critical, as it may serve as a reversal point for the current upward move. Keep a close eye on this...
The BTC/USD chart indicates a continuation of the bearish trend due to the appearance of a Head and Shoulders pattern on the 1-hour timeframe. This classic reversal pattern, combined with the price breaking the neckline, suggests that more downside could be expected.
🔻 Key Pattern Insight:
The Head and Shoulders pattern is a strong indicator of a potential...
