Hello everyone! The EURUSD pair continues to show an upward trend. As I expected earlier, the price of this pair reached the resistance level of 1.1330 during its upward movement. I think that the bulls have not exhausted their strength at this point, but there is a possibility of a small rollback down to the support level of 1.1289, after which the next target for the continuation of the bullish movement may be the resistance level of 1.1365.
Hello everyone! A downward reversal may be brewing for the EURUSD pair. On the H1 timeframe, during its downward movement, the price is trying to break through the local upward trend line. In case of a successful breakout, the target for a bearish movement may be the support level of 1.1276.
Hello everyone and have a productive day! On the USDCHF pair on the H4 timeframe, a downward trend is observed, towards which it is better to continue trading. At the same time, on the H1 timeframe, a technical analysis figure "triangle" has formed, the lower side of which the price has broken downwards. Therefore, I am considering sales with the target of the support level of 0.8214.
Hello everyone and have a successful trading day! The USDJPY pair continues to move downwards. At the same time, the price broke through the support level of 142.90 and consolidated below it. Now this level has become resistance and, as you can see, it is quite strong and constantly rebounds the price downwards when testing it. I am considering selling from this level with the target of the support level of 142.10.
Hello everyone! I would like to consider the situation that has developed for the EURUSD pair. The local trend for this pair is still ascending. During the downward rollback, the price approached the line of the ascending local trend formed on the H1 timeframe. During the upward rebound from this inclined level, the first target for a bullish movement may be the resistance level of 1.1375. In case of its breakthrough, the next target may be the resistance level of 1.1419.
A triangle was previously formed on the EURUSD pair on the H1 timeframe, the upper side of which was broken upwards, which may indicate bullish sentiment for this pair. At the same time, the price approached the resistance level of 1.1419 during its upward movement. In case of its breakout and consolidation above it, the next target for the upward movement may be the resistance level of 1.1480.
Hello everyone! The trend for USDCHF on the H4 timeframe is still downward. At the same time, the price during its bearish movement broke through the support level of 0.8196, but then during an upward rollback approached this level again. In case of a downward rebound from this level, the target for the continuation of the downward movement may be the support level of 0.8105.
Hello everyone! The AUDUSD pair has an upward trend. Analyzing the H1 timeframe, I would like to note that the price, during its downward correction, was unable to break through the support level of 0.6451, having rebounded upward from it. I am considering purchases from this level with a target of the resistance level of 0.6500.
Hello everyone! The overall trend for the EURUSD pair on the H1 timeframe is still upward. However, during the downward rollback, the price approached the local upward trend line on this timeframe. In case of a rebound from it upward, the nearest target for the upward movement may be the resistance level of 1.1480. In case of a breakout of this line and consolidation of the price below it, the target for the bearish movement may be the support level of 1.1375.
Hello everyone! For the GBPUSD pair, the resistance level of 1.3602 turned out to be quite strong, holding the price from further upward movement and rebounding it down to the support level of 1.3543. Also, a triangle has formed on the H1 timeframe. To determine the entry into the market, it is better to wait for a breakout of one of the sides of this triangle, where in the case of a breakout of its upper side, the nearest target for purchases can be the resistance level of 1.3602. In the case of a breakout of its lower side, the target for sales can be the support level of 1.3491.