Forex Signal
Weekly forex Forecast and outlooks ▻ Forex Signal including currency technical analysis for the US dollar, Euro, British pound, Japanese yen, Australian dollar, Canadian dollar .
EURCAD The price has managed after the consolidation went for a Downtrend movement to the Resistance line and it has prepared for a Uptrend movement. When the price has crossed the Support Line it is heading for a Uptrend movement. And also this pair returning back to the resistance level Which it could not break before And will retest the level again I think that there is a good possibility of a pullback Therefore,I will be looking at a short Once the level is reached! Traders make your own analysis before trading.
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USDCHF should definitely retest the highest supply level formed before the fall Either it respects the current demand zone and go up, or it will retest the lower demand/support and go up from there . Trend Analysis Fundamental Analysis Chart Patterns A break and retest of previous Lower high would validate the move. So please if you are going to trade using this setup, wait for that validation. Also if price would melt downwards then you can adjust to the analysis below.
USDCAD For several weeks now, the price has been at a strong resistance line, trying to break it. However, the line holds back the pressure. The price has already started to fall and I expect an even bigger fall. The target is the nearest support line.
We see potential in USDJPY to make a perfect head and shoulders on daily time frame ! get triggers on lower times .
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