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GBPNZD 4-hour chart reveals a compelling narrative of a weakening bullish trend potentially poised for a significant reversal. The pair's recent price action exhibits characteristics of a rising wedge pattern, a formation often indicative of an impending downside breakout. Key Technical Observations: Rising Wedge Formation: The converging trendlines point to a...

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4-hour chart of GBPAUD reveals a critical juncture. We've observed a recent uptrend culminating in what appears to be a rising wedge formation. This pattern, characterized by converging trendlines, often signals a potential reversal, particularly after a sustained bullish run. The upper trendline has faced repeated tests, indicating weakening upward momentum. ...

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The 4H chart of EURNZD shows a descending trendline resistance, indicating a sustained bearish trend. Price is rejecting the 1.8850 resistance level, aligning with the 38.2% Fibonacci retracement, reinforcing the bearish bias. A potential breakdown could lead the pair towards the 1.8726 support level (50% Fibonacci), followed by the 1.8200 key demand...

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The 4H chart shows NZD/USD forming a bullish structure with an ascending trendline support. A breakout from the descending wedge pattern signals potential upside momentum. The price is currently testing a key support zone near 0.5740, aligning with the 23.6% Fibonacci retracement level. Trade Setup & Levels: Entry Zone: Above 0.5740 (support holding) Target 1...

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The 4H timeframe shows AUD/USD trading within an ascending triangle, indicating a potential bullish breakout. The price is respecting the rising trendline, showing strong demand at support levels. Key resistance at 0.6402 is a crucial breakout level for further bullish momentum. Trade Setup & Levels: Entry Zone: Above 0.6320 (trendline support) Target 1 (TP1):...

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EUR/USD daily chart provides a nice short opportunity. The pair recently experienced a retracement as part of an extended downtrend, reaching the 70.00% Fibonacci retracement level and facing resistance at the 1.09957/1.09947 level. A confluence of technical variables in this way can serve as a potential reversal point and resumption of the underlying bearish...

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Trend Channel Breakdown: The chart clearly shows a previously established upward trend channel that has been decisively broken to the downside. This indicates a potential shift in momentum from bullish to bearish. Key Levels: The 169.328 level has been breached, suggesting it may now act as resistance. Potential support levels are identified at 167.656 and the...

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CAD/CHF is showing signs of bullish reversal after a strong downtrend. The price has bounced from a key support level (0.6053) and is forming higher lows, indicating buyer strength. A breakout above 0.6184 could trigger further upside movement. Trade Setup & Key Levels: Entry Zone: Above 0.6129 (bullish confirmation) Target 1 (TP1): 0.6184 Target 2 (TP2):...

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Technical Overview: The AUD/CAD pair has formed a clear ascending triangle pattern, signaling bullish momentum. A successful breakout above the resistance zone indicates potential upward movement toward key levels. Price is currently testing a resistance level near 0.9093, and a clean break above could trigger a strong rally. Key Levels to Watch: Entry Zone:...

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NZD/USD pair is currently forming a bullish breakout setup on the 4-hour timeframe. The price has been consolidating within a descending wedge pattern (marked by blue trendlines), which is a bullish reversal signal. Historically, similar wedge breakouts have led to significant upward movements, as seen in previous instances on this chart. Breakout Confirmation &...

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Key Support & Trendline Confluence: The price recently bounced off the long-term ascending trendline, which has been a strong support level since late 2023. The 38.2% Fibonacci retracement level ($40,205) provided additional confluence for a potential reversal. Resistance Levels & Breakout Potential: Immediate Resistance: $42,000 – A break above this level could...

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Current Market Overview: Price: $83,295 24h Change: -1.24% (-$1,043.43) Exchange: Binance (2-Day Timeframe) Technical Breakdown: Support Levels: 38.2% Fibonacci Retracement: ~$77,262 – This level has acted as a significant support area. Trendline Support: Bitcoin is currently bouncing off a key ascending trendline that has been respected since mid-2023. Major...

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EUR/JPY 4-hour chart is respecting a long-term descending trendline, acting as dynamic resistance. Price recently tested this trendline near 162.018 - 164.073 and is now rejecting it, indicating a potential bearish move. Bearish Confirmation & Entry: Price failed to break above the 162.018 - 164.073 resistance zone, confirming a potential sell opportunity. A...

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USD/JPY 4-hour chart is showing a clear downtrend, with price forming lower highs and lower lows. A recent retracement has tested a previous support-turned-resistance zone (148.240 - 148.262), and rejection from this level indicates the potential for further downside movement. Bearish Confirmation & Entry: The price is currently testing the 148.240 - 148.262...

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Hey there, fellow traders! Get ready for another exciting play in the forex world – this time with NZD/USD gearing up for a buy opportunity. Here's why you should be paying attention: 🔍 Let's Talk Numbers: We're eyeing a buy entry point at 0.60300, with a smart stop-loss set at 0.60043 to keep risks in check. Our first target? A juicy 0.60803, offering a sweet...

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Hey there, fellow traders! If you're looking for an exciting move in the forex market, USD/JPY has got something special brewing, and here's why you should pay attention: 🔍 Reading the Charts: Our analysis is shouting 'sell' from the rooftops, starting with targets at 150.640. But that's just the beginning – we're aiming for even lower levels at 148.392 and...

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EURCAD is setting up for longer term reversal. I am expecting a potential buy fairly soon.

ultreosforex Updated 

USDJPY Watch bearish price action for short and area is 125.455 - 125.600