ForexPinnacle

ForexPinnacle

Daily analysis for USDJPY showing some potential support and resistance zones.

ForexPinnacle

Daily analysis for WTI, price has currently stalled at 61.80% Fibonacci level.

ForexPinnacle

There could be a good long setup if there is a clear breakout of the wedge. Alternatively a potential short setup could be appropriate on a test of the upper trend line, with confirmation on a clear bounce lower. Let me know your thoughts, Happy Trading :)

ForexPinnacle

Looking for a Potential Long in EURCAD if the lower support trendline of the channel holds. However if there is a clear break then look for shorting opportunities if there is impulse selling or if there is a retest of the lower trendline. BOC rate decision at 15:00 GMT could very well make or break this Ascending Channel. Happy trading :)

ForexPinnacle

XAUUSD currently in a wedge on the hourly and 4 hourly time frame. Looking for a breakout in gold in either direction.

ForexPinnacle

EURUSD could find support from the trend line. We have seen higher lows and higher highs in the past few days, suggesting there might be some more upside potential to come in the near term.