Best Forex Signal
Weekly forex Forecast Best Forex Signal and outlooks ▻ including currency technical analysis for the US dollar, Euro, British pound, Japanese yen, Australian dollar, Canadian Dollar and more .
USDCAD The price has falling in strong channel for a year. I expect it’s breaking resistance of the channel and growing to support with small corrections . And Also USDCAD is sitting at the bottom watch for bounce off and look for long. In case if price do not rise and keeps falling then wait for the price to test the low and then look for bounce off and look for buy.
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AUDCHF The price has been moving in a confident upward turn. The only tangible channel breakdown occurred from February 2021 to March, when the price broke through the resistance line. However, in March of this year, it again broke through it already during the fall at the point 0.716 and returned to the growing channel. The price dropped in the channel and touched the support line at 0.703. Then it rebounded, but again reversed from the resistance line 0.715 – the line formed in the channel in October last year. After the reversal, the price touched the support line again at the 0.706 point and thus fixed on it. I expect that after fixing the price will continue to rise and come to the resistance line 0.721. This will be our goal.
Crude Oil Doing a quick bearish outlook on oil . I like the price had a strong reversal bearish price action from the top of the HTF double tops area, and could lead into further continuation on the LTF I will be patiently waiting for price to develop into the price action I want to see before executing any trades.
GBPCHF lately have been bearish across the board, and certainly is looking so on GBPCHF . We can see price action formed an ascending channel / wedge structure, correcting the price to the previous swing high. This is a good indication the bullish momentum is exhausted, and we can expect a reversal price action. We then see a sharp bearish impulse down, breaking out of the correction. Good sign or further bearish continuation down.
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