On the 4 hour chart, there are 2 way possibilities price could go up or down. Although it is a general bullish trend. Uptrend will begin on the weekly chart. I'm uncertain on this time frame. Best of luck. Patience is key.
Idea supported by support and resistance levels and trend lines.
A fall in price from resistance since August 6th. Possible outcomes on chart setup.
We are going long on EURCAD after retest.
According to the chart, price has broken the trendline and now heading upwards to a resistance level(rectangle). It will later fall at resistance to trendline.
According to the chart, the bearish trendline has been broken heading upwards. Price is later bounce back at a resistance zone to trendline again.
The currency has a less buy probability and has a high sell probability. We are to short after price reaches the trend line. It will soon move to its support zone due to the existing down trend. Key levels Sell @ 134.191 TP @ 132.167 SL 131.000
Currently seems like price has reached its 1st resistance and is falling to the bullish trend line. Market direction is not yet certain. It would be best for another candlestick formation before entering the market for best results.
Price has an overall bullish channel and it's decreasing in value from the upper part of the channel and later reverse at the lower side.
Price has currently reached a support level and value of the base currency(GBP) will rise to key levels 136.000 and 139.000. So buy order at 132.262 Stop loss below triangular structure at 130.000 Take profits 1,2 and 3 at 134.000,136.000 and 139.000 respectively.
Price has reached the upper part of the channel and price will soon be rejected. The stochastic indicator has been clearly overbought and will drop once both lines cross.
My analysis were based from a larger time frame down to a smaller time frame. Within the 15 minutes chart, price will rise to the bearish 4 hour trendline since its generally a downtrend from a larger picture. The stochastic indicator clearly shows that the base currency which is USD has been oversold and now ready to rise to 1.36500 price mark. Since it is a...
Price is currently in an uptrend approaching resistance Price is expected to fall at resistance level around price level 76.000 .
The gold spot value has created a kind of channel or flag formation. It may fall to 1679.876 price level because gold spot has been overbought and the U.S Dollar will definitely gain currency strength this week since the U.S Index has its reached support level. So price may move up and down within the channel created or may break out at the upper side if its truly...
Price will fall to the bullish or uprising trend line at price level 1.24433 From there, price will rise to resistance level at price level 1.28024 And finally bounce back in bearish move.
AUDUSD is expected to rise to 0.70000 resistance mark and bounce back from resistance level. Key levels : Sell pending order at 0.70000 Stop loss 0.71000 Take profit 0.66000