EUR/USD Good opportunity to BUY :) UPDATE HELLO TRADERS :
--The EURUSD reached the bottom of a descending channel that I’ve discussed since September of last year.
--That 1.0780 area is what triggered last week’s bounce.
--We can make 3 trades based on a possible bullish pattern and place the TP over the yellow
--This is my trade idea, Good luck !
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Forex-trade
USDCHF Bullish, Retains Its Recovery Threats
USDCHF faces risk of further move higher following a positive close the past week. Resistance comes in at the 0.9750 level. Above here, resistance lies at the 0.9800 level and then the 0.9850 level. Further out, resistance stands at the 0.9900 level. On the downside, support is located at the 0.9650 level with a turn below here opening the door for more decline towards the 0.9600 level. And then the 0.9550 level. Further down, support comes in at the 0.9500 level. All in all, USDCHF remains biased to the upside on price strength.
EURJPY Downside Pressure Remains With Eyes On 121.01 ZoneEURJPY faces further downside pressure as it looks to weaken further towards its key support at 121.01. On the downside, support comes in at the 121.00 level where a break if seen will aim at the 120.50 level. A cut through here will turn focus to the 120.00 level and possibly lower towards the 119.50 level. On the upside, resistance comes in at the 122.00 level. Further out, we envisage a possible move towards the 122.50 level of the former level. Further out, resistance resides at the 123.00 level with a turn above here aiming at the 123.50 level. On the whole, EURJPY continues to retain its downside pressure nearer term.
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AUDUSD Vulnerable, Targets Further WeaknessAUDUSD threatens further downside pressure as it looks to weaken further lower in the days ahead. On the downside, support comes in at the 1.6750 level. A cut through here will turn focus to the 0.6700 level and then the 0.6650 level. A violation will set the stage for a retarget of the 0.6600 level. Conversely, resistance lies at the 0.6850 level where a breach will aim at the 0.6900 level. Below here will open the door for a run at the 0.6950 level and then the 0.7000 level. Its daily RSI is bullish and pointing higher suggesting more strength. On the whole, AUDUSD faces further upside threats on correction.
NZDUSD Looks To Recover Further Higher Towards The 0.6465 Zone.
NZDUSD the pair closed further higher on Monday leaving risk of more strength in the days ahead. Support lies at the 0.6400 level where a break will turn attention to the 0.6350 level. A break of here will have to happen to create scope for a move higher towards the 0.6300 level. Further out, resistance resides at the 0.6250 level. Conversely, resistance stands at the 0.6500 level. Further down, the 0.6550 level comes in as the next downside target and then the 0.6600 level. Its daily RSI is bullish and pointing higher suggesting more gain. All in all, NZDUSD faces further upside threats in the days ahead.
USDCHF Remains On The Offensive With Eyes On 1.0027 Level USDCHF remains on the offensive with eyes on 1.0027 resistance zone. Resistance comes in at the 1.0050 level. Above here, resistance lies at the 1.0100 level and then the 1.0150 level. Further out, resistance stands at the 1.0200 level. On the downside, support comes in at the 0.9950 level with a turn below here opening the door for a move towards the 0.9800 level. And then followed by the 0.9750 level. Further down, support resides at the 0.9700 level. Its weekly RSI is bullish and pointing higher suggesting further strength. All in all, USDCHF remains biased to the upside nearer term.
EUR USD Buy Opportunity you don't want to missEUR/USD (4 Hours) Starts to decline, but the recent upward trend remains unchanged
The euro/dollar weakened in early trading today, breaking away from a strong period and hitting a two month high on Friday. The expectation of a near-term break of 1.1111 is that we may see further gains in the short term. So while we see some downtrend, this looks like a buying opportunity unless the pair falls below the 1.1115 shock low.
EURUSD More Price Strength Envisaged
EURUSD with the pair retaining its recovery threats after closing higher the past week, more gain is expected. Support comes in at the 1.1100 where a break will turn risk to the 1.1050 level. A breach below here will target the 1.1000 level. Further down, support stands at the 1.0950. Conversely, on the upside, resistance comes in at 1.1200 level with a violation of there opening the door for further gain towards the 1.1250 level. Further up, resistance lies at the 1.1300 level. A cut through that level will clear the way for a move towards the 1.1350 level. All in all, EURUSD expects more gain in the days ahead
USDCHF Remains Biased To The Upside Towards 1.0027 Zone
USDCHF with the pair retaining its upside pressure, more gain is expected to happen in the new week. Resistance comes in at the 1.0027 level. Above here, resistance lies at the 1.0050 level and then the 1.0100 level. Further out, resistance stands at the 1.0150 level. On the downside, support is located at the 0.9900 level with a turn below here opening the door for more decline towards the 0.9850 level. And then the 0.9800 level. Further down, support comes in at the 0.9750 level. All in all, USDCHF remains biased to the upside in the days ahead.
AUDUSD Retains Its Broader Downside Bias AUDUSD threatens further downside pressure as it sold off on Tuesday. On the downside, support lies at the 1.6650 level. A cut through here will turn focus to the 0.6600 level and then the 0.6550 level where a violation will set the stage for a retarget of the 0.6500 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance lies at the 0.6750 level where a breach will aim at the 0.6800 level. Below here will open the door for a run at the 0.6850 level and then the 0.6900 level. On the whole, AUDUSD faces further downside threats medium term.