Passionate about forex trading and providing actionable insights on market trends. Follow me for regular updates and trade ideas. link to my free telegram, https://t.me/tradingfxplus
Pair: NZD/CAD
Timeframe: 4H (4-hour)
🔍 Analysis:
Support Zone: Price has reached a weak low marked on the chart, potentially signaling a reversal or a bounce from support.
Volume Spike: Increased volume at the bottom suggests buying interest could be emerging.
Indicators:
Price is testing the lower end of the channel.
Recent BOS (Break of Structure) and market...
The GBPCAD pair is trading at 1.7786, approaching a key resistance level, which provides a potential short setup. Here’s the detailed analysis:
Key Resistance Zone:
The pair is nearing the resistance zone around 1.7800–1.7820, which aligns with the 50 EMA and 200 EMA acting as dynamic resistance.
This level also aligns with previous bearish "3s-Bear" signals,...
The EUR/CHF pair is consolidating within a descending channel. The price is nearing critical resistance and support levels, indicating potential opportunities depending on the breakout direction. Here's a detailed breakdown:
Key Resistance and Support Levels:
The pair is trading below a strong resistance zone around 0.9335–0.9350, aligned with the 50 EMA and the...
The EURAUD pair has shown signs of rejection near the key resistance levels, with the price now retreating toward 1.6196. Here's the revised analysis:
Current Price Action:
The pair is trading below the 1.6200 level, indicating the resistance zone around 1.6300–1.6340 remains intact.
Bearish momentum appears to be resuming as price starts pulling...
The pair is trading around 1.94808 at time of posting, presenting a potential short opportunity as it approaches resistance.
Resistance Zone:
The pair is testing the 1.9480–1.9500 resistance area, which coincides with the 50 EMA and 200 EMA acting as dynamic resistances.
Multiple bearish "3s-Bear" signals highlight selling pressure near this...
The pair is trading around 1.10388 at this time of posting, presenting a potential buy opportunity as it approaches a significant support zone. Here’s a detailed analysis:
Key Support Zone:
The price is testing the 1.1005–1.1030 support area, which has historically acted as a strong demand zone.
The 200 EMA is providing additional support, increasing the...
The GBPNZD pair on the 4-hour timeframe is displaying signs of a potential bearish continuation. The price is facing resistance from multiple technical factors, and indicators suggest a possible reversal to the downside. Here's the breakdown:
Key Resistance Levels:
The pair is testing the supply zone around 2.1550–2.1600, which aligns with a recent bearish...
The AUDCAD pair is testing a key resistance zone, signaling a potential short opportunity. Here's the detailed analysis:
Key Technical Levels:
The price is testing the red supply zone near 0.9150–0.9175, which aligns with the 50 EMA and 200 EMA, acting as dynamic resistance.
Multiple bearish "3s-Bear" signals in the trend suggest sellers are in...
