GBP/USD Analysis H4 Time Frame Analysis Hello, dear friends. The GBP/USD price is showing a downtrend on the H4 time frame once again, but it is still following the 50 SMA line, indicating that a negative move may be imminent. A support zone is...
Upon closely analyzing the USD/CHF market, it seems that the price has recently entered a demand zone, which I highlighted in light blue. If there's a strong upward bounce from this area, it might signal a potential bullish reversal. Therefore, my...
Although traders are waiting for the levels from which the yen pairs can bounce down after this upward wave, the price of the pair on the 4-hour chart gives a new upward target, which is the weekly resistance level of 206.64. The price of the pair...
USD/CAD ANALYSIS JULY 27, 2024 On the weekly chart above, the price cluster appears to be approaching the green rectangle resistance zone in the range of 1.3875 - 1.3976, where in the previous breakout attempt, buyers were only able to hold on to...
Outlook technical analysis: The recent resistance encountered by the CAD/JPY pair underscores the presence of significant selling pressure in the market. This resistance level may represent a key inflection point, where traders reassess their...