The EURUSD pair has plunged below the lower trendline of its 4-hour falling price channel, extending its decline to reach 1.0723, where it encounters the key support level of December 8th, 2023 low. Let’s analyze the technical...
The USDCAD pair has formed a double bottom pattern on its 4-hour chart, potentially indicating a shift in momentum. Let’s delve into the technical details to understand what this means for the pair’s future direction. Double Bottom...
USDCHF has exhibited a bullish technical pattern on its 4-hour chart, suggesting a potential reversal of the recent downtrend. Let’s dissect the key technical aspects to understand what this means for the pair’s future direction. Double Bottom...
AUDUSD’s attempt to climb above the key resistance level of 0.6624 proved unsuccessful, leading to a sharp drop that breached the previous support at 0.6508 and reached as low as 0.6485. Let’s delve into the technical analysis...
USDJPY has exhibited a sharp bounce, recovering from 145.89 to reach 148.81, challenging the previous resistance level at 148.80. Let’s analyze the technicals to understand the potential implications for the currency pair’s future direction. Key Resistance Level...
GBPUSD has been stuck in a neutral gear for weeks, confined within a trading range of 1.2596 and 1.2785. Let’s explore the technicals to see where the pair might head next. Support Levels to Watch Resistance and...
The EURUSD pair experienced a sudden reversal after reaching the upper end of its falling price channel. Let’s dive into the technical details to understand what it means for the pair’s future direction. Sharp Drop and Support...
The AUDUSD pair has shown a strong rebound after breaking below a particular level and is now faced with resistance. This article considers its potential future movements. Rebound after Breaking Below After breaching down the 0.6524 level,...
EURUSD’s break above a falling price channel and the potential for further rally or drops with identified resistance and support levels. Break above Falling Price Channel The EURUSD pair has attained a significant milestone by breaking above...
GBPJPY has seen an extension of its downside movement, suggesting an upcoming consolidation phase and potential range trading. Downside Move Extension The GBPJPY pair has had its downward trajectory stretch from 188.91 to as low as 185.27....
