Forex Analysis

  • EURUSD Breaks Support After Failing at Trendline Resistance

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    The EURUSD currency pair was unable to break through a key falling trendline resistance visible on the 4-hour chart timeframe. After hitting that resistance around the 1.0884 level, the pair has dropped sharply lower, breaking down beneath the 1.0790 support area in the process. This bearish breakdown has now brought the EURUSD towards another important…

  • GBPUSD Breaks Trend Line Resistance, Bullish Outlook Emerges

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    The GBPUSD currency pair has made an important technical breakthrough by pushing above a falling trendline on the 4-hour chart. This development suggests that the prior downside move from the 1.2893 high may have already completed at the 1.2539 low. With the break of this key resistance, the path has been cleared for further GBPUSD…

  • EURUSD Tests Trend Line Resistance, What’s Next?

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    The EURUSD currency pair recently rallied up to test the resistance of a falling trendline visible on the 4-hour chart timeframe. However, the pair has since pulled back from its high around the 1.0884 level. Traders will be watching to see if the EURUSD can muster enough strength for another push higher to retest that…

  • Is GBPUSD Ready to Resume Its Downtrend?

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    The GBPUSD currency pair is currently facing an important resistance level in the form of a falling trendline on the 4-hour chart time frame. This trendline has been capping rallies in the pair for several weeks now as part of the broader downtrend from the 1.2893 high. The most recent bounce in GBPUSD off the…

  • EURUSD: Navigating the Potential Trend Reversal

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    EURUSD pair has recently captured the attention of traders and analysts alike as it breaks above the 1.0864 resistance level. This development has propelled the pair towards a crucial battleground – the resistance of the falling trend line on the 4-hour chart. Potential Bullish Reversal A decisive breakthrough of the falling trend line resistance could…

  • USDJPY: Navigating the Consolidation Phase Within the Broader Uptrend

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    USDJPY pair has been caught in a sideways trading range, capturing the attention of traders and analysts alike. For several days, the pair has been oscillating between the 150.26 and 151.96 levels, a range that has become a crucial battleground for bulls and bears. Consolidation or Continuation? As the pair continues its range-bound trajectory, traders…

  • USDCHF: Navigating the Uptrend Consolidation Phase

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    The USDCHF pair has recently encountered a crucial juncture, as it faces the support of the rising trend line on the 4-hour chart. This technical formation has been a key driver of the pair’s uptrend, which originated from the 0.8729 level. Consolidation or Continuation? As the pair navigates through this phase, traders will be closely…

  • EURUSD: Bullish Resurgence Faces Pivotal Resistance Levels

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    The EURUSD pair has recently captured the attention of traders and analysts alike with its impressive bounce from the 1.0724 level. This strong recovery has propelled the pair above the 1.0820 resistance level, reigniting hopes of a potential bullish resurgence. Confronting Crucial Resistance The pair now faces a critical resistance level at 1.0864. A decisive…

  • GBPUSD: Navigating the Sideways Consolidation Phase

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    The GBPUSD pair has been caught in a sideways trading range, prompting traders and analysts to closely monitor its movements. For several days, the pair has been oscillating between the 1.2575 and 1.2667 levels, a range that has become a crucial battleground for bulls and bears alike. Consolidation or Continuation? As the pair continues its…

  • EURUSD: Navigating the Bearish Descent

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    The EURUSD pair has recently experienced a significant downward move, capturing the attention of traders and analysts alike. The pair has extended its bearish trajectory from the 1.0981 level to as low as 1.0774, breaching the crucial 1.0795 support level in the process. Downside Momentum Persists As the pair navigates through this bearish phase, traders…

  • USDCHF: Uptrend Regains Momentum, Higher Targets in Sight

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    The USDCHF pair has recently emerged from a consolidation phase, capturing the attention of traders and analysts alike. After a period of range-bound trading, the pair has decisively broken above the 0.9019 resistance level, reigniting its upside move from the 0.8729 mark. Bullish Breakout and Extension The recent bullish breakout has propelled the USDCHF pair…

  • USDJPY: Navigating the Consolidation Phase – Uptrend at a Crossroads

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    The USDJPY pair has recently encountered a significant development, capturing the attention of traders and analysts alike. The pair has broken below the rising trend line on the 4-hour chart, suggesting that a lengthier consolidation phase for the uptrend from the 146.47 level is currently underway. Key Support Level: A Pivotal Juncture As the pair…