


FXTradingAnalysis
EUR/USD is showing signs of continuing its downward movement, possibly dropping further towards key support levels. The first support level to watch is at 1.0970, which could act as a temporary floor for the price. If the downward momentum persists, the next important support level is at 1.0900. At either of these support points, there is a strong chance that...
Gold is currently trading within a descending channel. If the price continues to move within this channel, there is a strong possibility that it could drop further, potentially reaching the 2605 support level. However, if the price breaks above the descending channel, we expect it to reverse and rise back up toward the 2680 level. What are your thoughts on this...
NZD/CHF is currently testing a resistance level and may drop towards the 0.5225 support zone. Despite this, we advise caution and do not recommend initiating a sell position at this time, as market conditions could shift. Instead, we suggest waiting for a clear breakout above the 0.5320 resistance level before considering a buy. If this breakout occurs, there is...
After breaking the falling resistance line, EUR/NZD is likely to rise and may hit all targets. However, if it doesn't break through, the pair could drop to the 1.7660 support level. From there, we expect it to bounce back and go up again. This means it's important to watch the resistance level closely, as it will affect the pair's next move. A successful breakout...
GBP/CHF pair is currently showing signs of bearish momentum, with prices expected to drop further until they reach the support level around 1.1210. If the price reaches 1.1210 and exhibits bullish signals, such as a bullish engulfing candle or an increase in buying volume, this could indicate a potential reversal. A confirmation of strength at this level would be...
If the price successfully breaks through the 41,600 resistance level , it could signal further upward momentum, potentially leading to a continuation of the bullish trend. This breakout may attract additional buyers, pushing the price higher as market sentiment turns more positive. However, if the price fails to break through the 41,600 resistance, a pullback is...
Consider buying Bitcoin (BTC) for the short term, with a target set at $63,880.
GBP/CHF is currently trading at 1.1132. It appears to be on a downward trend and may drop to around 1.1055 before potentially rising again. However, to ensure a more strategic entry, we recommend waiting for a confirmed breakout before buying. Once the breakout is confirmed, we can proceed with buying, setting our target price (TP) at 1.1340.
The CAD/CHF pair is trending downwards. It’s expected to reach 0.6190 (TP1), then 0.6160 (TP2), and possibly 0.6100 (TP3).
If gold breaches the 2563 support level , it may signal increased selling pressure, opening the possibility for a more downward movement toward the next key support area around 2545. However, if buyers step in and the price holds above the 2563 support , it could lead to a rebound, with potential upside movement toward the 2588 level . Traders will be watching...
EUR/CAD has tested the support level at 1.4900 for the third time and is now showing upward momentum. Based on this price action, we anticipate a further rise toward the first resistance level at 1.5055 . Should the pair successfully break above this resistance, there is potential for continued bullish movement, with a possible climb towards the second...
If the 2570 support level is breached, it could signal a potential for more downside movement. This level often acts as a key threshold where buyers typically step in to prevent further losses. However, once broken, it may indicate that selling pressure is intensifying, which could lead to a more significant decline in price. Traders should watch for a strong...
The GBPNZD currency pair had been falling since 30 July 2024 , hitting a low of 2.0990 by 29 August 2024 . After that, the price started to show strength, suggesting the downtrend was losing steam. On 3 September 2024 , the price broke above the trendline, which was acting as resistance. This breakout signaled a change in direction, and the pair began to move...
The GBP/AUD pair is currently in a downward movement, and we anticipate that this trend will continue until it reaches the trendline support level. At that point, there is a possibility the price could reverse and start moving upwards. However, if the pair breaks below the trendline support, the downtrend is likely to extend further, with the price potentially...
We’ve noticed a bullish flag pattern forming on the EUR/USD currency pair. This technical pattern seems to indicate a potential upward movement. We’d love to get your perspectives on this. Do you agree with this analysis? Are there any other factors or technical signals you think should be considered? Looking forward to hearing your thoughts and any additional...
GBP/CAD is currently trading at 1.7795 and moving sideways, indicating consolidation in the market. The key support level is positioned at 1.7690 , while resistance is seen at 1.7850 . Based on the current market structure, we believe GBP/CAD has the potential to rise and test the resistance at 1.7850 . This upward movement presents a trading opportunity of...
USD/CAD has broken through the resistance level at 1.3530, signaling a potential upward move. The first target is at 1.3615, where we might see some initial resistance. If the momentum continues, the pair could reach the second target at 1.3700, marking a significant bullish trend. Traders should watch these levels closely for confirmation of the breakout and...
The EUR/NZD currency pair is going up, moving from 1.7650 and getting close to 1.8000. This rise shows that the Euro is gaining strength against the New Zealand Dollar. If the trend continues, it might break through the 1.8000 level, leading to more gains. Keep an eye on the market to see if this upward trend continues.