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Overview: This analysis focuses on the EUR/USD 1-hour chart, which is showing a strong downtrend within a descending channel. Price has reached a critical support area and is consolidating within a potential reversal zone. Technical Analysis: Descending Channel: The pair is trading within a well-defined downward channel, indicating sustained bearish...

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1-Hour Chart Analysis The 1-hour chart is consolidating within a tight range after the recent sell-off. A breakout from this range could signal the next major move for EUR/USD. The bearish trend is still in play, but a short-term retracement to test the upper range boundary is possible. Key Observations: Price is consolidating in a tight range between 1.09350...

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visit fourtrades.com for full market update Daily Chart (D1) On the daily timeframe, USD/CHF has been consolidating within a well-defined range, fluctuating between support at 0.8600 and resistance near 0.8748. After an extended period of consolidation, the price is now testing the upper boundary of the range, signaling a possible breakout. There are two...

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visit fourtrades.com for more insite Daily Chart Insights (Image 1): The GBP/USD pair is currently testing a significant liquidity zone around the 1.30900 level. We observe that price action recently rejected from a previous high and is now dipping into this liquidity area, which could serve as a temporary support level. There's a possibility of a further drop to...

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Current Market Overview: The EUR/USD pair is showing consolidation in a key no trade area, with price trading sideways between levels of liquidity and a Fair Value Gap (FVG). Let's dive deeper into the potential price movements based on this market structure. Key Zones Identified: Fair Value Gap (FVG): The FVG on the 15-minute chart is located slightly above the...

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Daily Chart Overview: On the daily timeframe, USD/JPY has been trading within a descending wedge pattern, signaling a potential breakout. The price recently approached the key support level at 141.74 before rebounding upward. We now see price consolidating near 143.76, close to the wedge's upper boundary. Should the pair break above this resistance, the next...

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visit fourtrades.com for more Daily Timeframe: In the daily chart, NZD/USD is trading within a key resistance zone around 0.6340 to 0.6380. This zone has been tested multiple times, and the price is showing signs of potential rejection, with bearish pressure building up. Traders should watch for a decisive breakout above the resistance to confirm bullish...

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1. Daily Chart Analysis On the daily timeframe, the market is currently testing the 20 EMA (Exponential Moving Average) after a strong bullish momentum. The price has compromised a key area, indicating indecision around the current resistance. If the bulls push higher, we could see the price break out into new highs. However, if the bears take control, we might...

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visit our website for more breakdown Price Action: The market is currently in a consolidation phase after a bullish rally. Prices are trapped between the 1.3400 and 1.3360 zones, which act as resistance and support levels, respectively. Key Zones: Resistance: 1.3400 zone. Support: 1.3360 and 1.3320 zones. Forecast: Price may test the upper resistance, and if...

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In the 1-hour chart, USDCAD is approaching a significant price zone. The market is currently consolidating, with prices bouncing between two key levels: Buying Area: Around 1.36000 – This zone could serve as a strong resistance, which buyers need to break for a bullish continuation. Selling Area: Around 1.35400 – A critical support level that sellers may aim to...

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Visit fourtrades website for full market analysis link in the bio 4-Hour Chart Analysis The 4-hour chart reveals that Gold has been moving within an ascending channel, with the price currently testing the upper boundary of this channel. The repeated testing of this upper trendline, highlighted by the red arrows, suggests a strong resistance zone. However, the...

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Visit fourrades website for more details The 1-hour chart of GBP/USD shows a distinct bearish pennant pattern forming. The price has been consolidating within this structure, with lower highs and lower lows, indicating a potential continuation of the downward trend. The critical levels to watch are: Resistance near 1.2720 (upper trendline of the pennant) Support...

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Vist fourtrades website for market analysis link in the bio Current Price: 1.09208 Trend: The daily and 4-hour charts remain bullish. Key Levels: Resistance: 1.09600 - 1.09700 Support: 1.09000 - 1.08900 The 1-hour chart indicates that EUR/USD is experiencing a short-term pullback within a broader bullish trend. The price is currently consolidating just below a...

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The hourly chart for USDCAD shows a significant move as the market fills a wick, indicating a rejection of lower prices. The highlighted area indicates a potential support zone that could hold the price, suggesting a possible bounce upwards from this level. This support area aligns with previous resistance turned support, making it a crucial level to watch.

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Visit ourtrades website for more insight link in bio The 1-hour chart reveals a rising channel, with price nearing the upper boundary. The RSI is currently showing a lower low while the price shows a higher high, indicating bearish divergence which is often a sign of an impending reversal. Key Observations: Rising channel with price approaching the upper...

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Visit fourtrades website for more insight The 1-hour chart shows a clear uptrend with gold trading within an ascending channel. The price has recently tested the upper boundary of this channel and is now experiencing a minor pullback. A critical support level to watch is around $2,430, marked by the lower trendline of the ascending channel and previous price...

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Visit fourtrades website for more active insights On the 1-hour chart, GBP/USD is consolidating within a range between 1.2840 and 1.2800. The price recently tested the lower boundary of this range and the descending channel support. A bullish breakout from this range could see the price targeting the 1.2940 resistance level. Conversely, a bearish breakout could...

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On the 1-hour chart, EUR/USD is currently trading within a descending channel, indicating a downtrend. The price has tested the upper boundary of the channel multiple times (as marked by the red arrows), showing resistance around the 1.0850 level. The lower boundary has acted as support, with the most recent bounce occurring near the 1.0800 level (indicated by...