The image is a technical analysis chart of AUD/CAD on a 4-hour timeframe. Here’s a detailed breakdown of the key elements and potential implications: ### Key Elements: 1. **Support and Resistance Levels:** - **Resistance Levels:** - 0.93597 -...
The USD/CAD currency pair, which represents the exchange rate between the United States Dollar (USD) and the Canadian Dollar (CAD), is a critical indicator in the forex market. This pair is often referred to as the "Loonie," a nickname derived from...
GBPUSD H4 Upon careful examination of the price trend over the last two months, it is evident that the price is poised to close this week with a bold attempt to break through the bearish price channels on the daily chart in a strategic move to...
USDCHF H-1 (US Dollar / Swiss Franc). Let's analyze the instrument/currency pair on H1 time frame and find the most optimal trade entry to make good money on it. To conduct a competent technical analysis, we will first open a chart with a 4-hour...
AUD/CAD (Australian Dollars To Canadian) Observing the AUDCAD pair, it seems that it is still trying to continue the downward rally by trying to pass the pivot point (PP) 0.9076. If we pay attention to the resistance (R1) 0.9110 here it is strong...