Psychological Level 1.38000: The price is approaching the critical psychological level of 1.38000. This level is significant for traders as it often acts as a support or resistance due to its psychological impact on the market. London Low Alignment: The "London Low" is highlighted on the chart, which falls within the 1.38000 psychological zone. This confluence...
Significant Drop: The market experienced a substantial drop of around 400 pips from the previous day, reflecting significant bearish momentum. Psychological Level 150.00: The price reached the critical psychological level of 150.00, where it appeared to find immediate support, indicating a potential reversal or consolidation at this key level. Market Trend and...
Key Psychological Level: The 1.08000 level is identified as a significant psychological zone, which is a key area for observing potential market reactions. London Low: The "London Low" is marked on the chart, which aligns with the psychological zone. This area is significant as it may act as a support level where buying interest could emerge. Asia Low...
LDN Low and Asia Low in Psychological Zone: The chart indicates both the "LDN Low" and "Asia Low" fall within the 0.65000 psychological zone. This zone is critical for monitoring potential buying opportunities as the price may reverse in this area. Asia High Observation: The "Asia High" is marked on the chart but is not within any psychological zone. However, if...
Highlighted Session Levels: The chart marks significant session levels, including the "Asia High" and "Asia Low." Asia High Observation: The "Asia High" is noted on the chart, with potential for monitoring as a reversal point. The red arrow indicates a possible movement back towards this level. Asia Low in Psychological Zone: The "Asia Low" falls within our...
London low falls just within our psychological zone. Given this positioning, it would be advisable to consider trades from the bottom of the session low zone, which may offer a more favourable entry point.
Highlighted Previous Week's Highs and Lows: I've marked the highest and lowest points of the previous week on the chart with horizontal lines labeled as "WEEKLY HIGH" and "WEEKLY LOW." Potential Weekly Confirmation: The market initially showed signs of a weekly confirmation; however, it reversed on Friday, preventing a clear confirmation of the trend. Key...
Highlighted Previous Week's Highs and Lows: I've marked the highest and lowest points of the previous week on the chart with horizontal lines labeled as "WEEKLY HIGH" and "WEEKLY LOW." Weekly Confirmation: The market has shown a weekly confirmation with a movement of around 115 pips, indicating a significant trend or market momentum. Key Psychological Zone: The...
Highlighted Previous Week's Highs and Lows: I've marked the highest and lowest points of the previous week on the chart with horizontal lines labeled as "WEEKLY HIGH" and "WEEKLY LOW." Weekly Confirmation: The chart indicates that there has been a weekly confirmation, suggesting a continuation of the current trend. Potential Reversal Zone: If the price retraces...
Highlighted Previous Week's Highs and Lows: I've marked the highest and lowest points of the previous week on the chart with horizontal lines labeled as "WEEKLY HIGH" and "WEEKLY LOW." Key Psychological Zone: The weekly low falls into our psychological zone, indicating a critical area where price action may be closely monitored for potential reversals or...
I've created a technical analysis chart for the USD/CHF currency pair on TradingView. Here are the specific observations: Highlighted Previous Week's Highs and Lows: I've marked the highest and lowest points of the previous week on the chart with horizontal lines labeled as "WEEKLY HIGH" and "WEEKLY LOW." Key Psychological Zone: Both the weekly high and weekly...
I've created a technical analysis chart for the EUR/USD currency pair on TradingView. Here are the specific observations: Highlighted Previous Week's Highs and Lows: I've marked the highest and lowest points of the previous week on the chart with horizontal lines labeled as "WEEKLY HIGH" and "WEEKLY LOW." No Weekly Confirmation: The chart indicates that there...
I've created a technical analysis chart for the GBP/USD currency pair on TradingView. Here are the specific actions I've taken on the chart: Highlighted Previous Week's Highs and Lows: I've marked the highest and lowest points of the previous week on the chart with horizontal lines labeled as "WEEKLY HIGH" and "WEEKLY LOW." No Weekly Confirmation: The chart...
I've created a technical analysis chart for the U.S. Dollar Index (DXY) on TradingView. Here are the specific actions I've taken on the chart: 1. **Highlighted Previous Week's Highs and Lows:** - I've marked the highest and lowest points of the previous week on the chart with horizontal lines labeled as "WEEKLY HIGH" and "WEEKLY LOW." 2. **Key Psychological...
I've created a technical analysis chart for the AUD/USD currency pair on TradingView. Here are the specific actions I've taken on the chart: 1. **Highlighted Previous Week's Highs and Lows:** - I've marked the highest and lowest points of the previous week on the chart with horizontal lines labeled as "WEEKLY HIGH" and "WEEKLY LOW." 2. **Key Psychological...
I've created a technical analysis chart for the NZD/USD currency pair on TradingView. Here are the specific actions I've taken on the chart: 1. **Highlighted Previous Week's Highs and Lows:** - I've marked the highest and lowest points of the previous week on the chart with horizontal lines labeled as "WEEKLY HIGH" and "WEEKLY LOW." 2. **Key Psychological...
I've created a technical analysis chart for the USD/CAD currency pair on TradingView. Here are the specific actions I've taken on the chart: 1. **Highlighted Previous Week's Highs and Lows:** - I've marked the highest and lowest points of the previous week on the chart with horizontal lines labeled as "WEEKLY HIGH" and "WEEKLY LOW." 2. **Key Psychological...
I've created a technical analysis chart for the USD/JPY currency pair on TradingView. Here are the specific actions I've taken on the chart: 1. **Highlighted Previous Week's Highs and Lows:** - I've marked the highest and lowest points of the previous week on the chart with horizontal lines labeled as "WEEKLY HIGH" and "WEEKLY LOW." 2. **Key Psychological...