FXTradingAnalysis

FXTradingAnalysis Updated 

GBPAUD is currently at 1.9630, and there's an important support level at 1.9587. We have two possible scenarios to watch for: If the price holds above 1.9587: This could be a sign that the price will move higher. If it stays above the support, we could see it rise to around 1.9693. If the price breaks below 1.9587: If it goes below the support level, then we...

FXTradingAnalysis Updated 

CAD/CHF has hit key support level at 0.6200 and is now trading at 0.6230, indicating bullish momentum. The pair appears to be moving within a defined channel, and there’s a strong possibility for it to rally towards the resistance at 0.6295. This upward target aligns with previous levels where selling pressure has emerged, making it a crucial level for monitoring...

FXTradingAnalysis Updated 

AUD/NZD is currently in an uptrend, with the trendline acting as a strong support level. Currently, the price has pulled back to this support level, and based on technical analysis, we believe that it will likely bounce upwards from here. Our target for this upward movement is around 1.1060. This setup suggests a good buying opportunity, given that the support...

FXTradingAnalysis

Currently, GBPCAD is trading at 1.7970, and we're opting for a buy trade with a target set at 1.8110. If we’re considering a sell trade, we’ll need to keep a close watch for a break below the support level at 1.7860. This level is crucial because it indicates where buyers have previously stepped in to support the price. If the price drops below this level, it...

FXTradingAnalysis Updated 

EURCAD is currently trading at 1.4900, which is a key support level. From this point, the price has the potential to move upwards, targeting the 1.5160 level. However, if this support level is broken, there is an increased likelihood that the price will continue to decline, potentially falling further until it reaches the Trendline Support. Traders should closely...

FXTradingAnalysis

AUDCAD moved up from 0.9060 to reach 0.9375, and now forming a descending triangle pattern. This pattern usually appears when the price is making lower highs, meaning sellers are pushing it down, but there’s still a solid support level holding it steady, around 0.9165. Currently, AUDCAD is trading at 0.9175, and it seems likely to keep dropping. The first level...

FXTradingAnalysis Updated 

EUR/NZD found support around the 1.7860 level, holding up the price and stopping it from dropping further. Buyers stepped in at that point, pushing it back up, and now it's looking like the pair is on track to head towards the 1.8065 level.

FXTradingAnalysis Updated 

EUR/AUD Analysis (Currently at 1.6205): First Scenario : EUR/AUD will rise directly to the resistance level at 1.6335. Second Scenario : The pair will drop to the support level at 1.6100 before moving up to the target of 1.6335. Third Scenario : If EUR/AUD breaks below the 1.6100 support, it will fall further to the next support at 1.6040, and from there, it...

FXTradingAnalysis Updated 

BTC appears to be testing a trendline resistance. If it breaks through this resistance, there's a chance it could rise further and reach 69,000.

FXTradingAnalysis Updated 

EUR/AUD appears to be in a bearish trend and could drop to the 1.6200 level. At this point, we expect two possible scenarios: it may either find support at 1.6200 and reverse upward, or, if it breaks below this critical support level, there is a strong possibility that it could drop further, possibly down to 1.6030. From the 1.6030 level, we believe the bulls may...

FXTradingAnalysis Updated 

Currently, the NZD/CAD pair is trading at 0.8400. It's important for traders to monitor key resistance level at 0.8435. A break above this resistance could indicate a bullish signal, allowing the price to rise further, with targets set at 0.8500 and 0.8530. Conversely, if the price moves downward and breaks the support level at 0.8372, it may lead to further...

FXTradingAnalysis Updated 

GBPNZD 1-hour chart, we think the price, currently at 2.1387, will drop further to around 2.1310 - 2.1320. From there, we expect it to start going back up. The pair is moving within a descending channel, so we believe it will continue to follow this pattern.

FXTradingAnalysis Updated 

After hitting resistance level of 2.1570, GBPNZD has started to fall. We expect the price to keep dropping until it reaches the support level at 2.1340. We believe this is where buyers will likely enter the market and start buying, possibly pushing the price back up to 2.1570. If the support at 2.1340 is broken, the next critical levels to watch will be around...

FXTradingAnalysis

EURAUD is currently trading at 1.6250. It is attempting to break out of the descending trendline resistance. If the price manages to break above this level, we could see an upward movement toward 1.6335. Traders should keep an eye on this breakout, as it may indicate a stronger bullish momentum.

FXTradingAnalysis

GBP/USD looks bullish after bouncing off the support level at 1.3020. This means buyers stepped in around that price, and the market could be ready to move higher. The first target for this upward move is around 1.3155, a point where the price might pause or face resistance from sellers. If the momentum continues and GBP/USD breaks through 1.3155, the second...

FXTradingAnalysis Updated 

Gold is currently facing resistance around the 2660 level. If this resistance is broken, it is likely that the price will continue to rise and may reach up to 2680. However, if the price fails to break through this resistance, it could face further downward pressure, leading to a drop towards the support levels indicated on the chart. Traders should monitor these...

FXTradingAnalysis Updated 

GBPCAD is currently trading at 1.7790 and seems likely to continue its upward movement towards 1.7850. The pair has established support around the 1.7700 level. However, strength is already evident from 1.7730, suggesting that buyers are stepping in before it reaches the key support zone. This early buying pressure could push the price higher without revisiting...

FXTradingAnalysis Updated 

WTI (USOIL) is currently trading at 71. After falling to the strong support level of 65.00 , it has shown consistent upward movement. This recovery from 65.00 indicates strong buying interest at that level, and we believe the bullish momentum is likely to persist. As the price continues to climb, we are projecting a target range between 78.00 and 79.00 . The ...