ImranMughal99's Blog

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GBPCAD UP TREND NEXT MONTH


Charts: 4 HOUR,

The GBP/CAD has corrected sharply after trading inside its horizontal as visible in this daily chart (H4).
This currency pair is now trading inside its horizontal support level
which is marked in blue in the above chart. We expect the GBP/CAD to
rally higher and back into its horizontal resistance zone which is
marked in red.
Indicators: MACD RSI
MACD indicates that momentum is improving, but it remains in bearish
territory. We expect the histogram as well as moving average to …
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Przetłumacz na Angielski Pokaż oryginał
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GBPUSD UP TREND

Charts: 4 HOUR,

The GBP/USD has corrected sharply after trading inside its horizontal as visible in this daily chart (H4).
This currency pair is now trading inside its horizontal support level
which is marked in blue in the above chart. We expect the GBP/USD to
rally higher and back into its horizontal resistance zone which is
marked in red.
Indicators: MACD RSI
MACD indicates that momentum is improving, but it remains in bearish
territory. We expect the histogram as well as moving average to a…
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał
lubZostaw komentarz
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AUDUSD UP TREND NEXT MONTH

Charts: 1 HOUR,

The AUD/USD has corrected sharply after trading inside its horizontal as visible in this daily chart (H1).
This currency pair is now trading inside its horizontal support level
which is marked in blue in the above chart. We expect the AUD/USD to
rally higher and back into its horizontal resistance zone which is
marked in red.
Indicators: MACD RSI
MACD indicates that momentum is improving, but it remains in bearish
territory. We expect the histogram as well as moving average to a…
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał
lubZostaw komentarz
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EURUSD UP TREND NEXT MONTH

Charts: 1 HOUR,

The EUR/USD has corrected sharply after trading inside its horizontal as visible in this daily chart (H1).
This currency pair is now trading inside its horizontal support level
which is marked in blue in the above chart. We expect the EUR/USD to
rally higher and back into its horizontal resistance zone which is
marked in red.
Indicators: MACD RSI
MACD indicates that momentum is improving, but it remains in bearish
territory. We expect the histogram as well as moving average to a…
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał
ImranMughal99 avatar

Technical indicators are turning back higher after correcting overbought readings reached earlier in the day. Nevertheless, the pair is still unable to advance beyond the 200 SMA, the immediate resistance around 1.0880. In the 4 hours chart, the technical indicators present a clear upward momentum within positive territory, whilst the price has extended above a bearish 20 SMA. Also, the price is above the 38.2% retracement of the December advance at 1.0845, the level to break to reverse the ongoing upward tone. Support levels: 1.0845 1.0800 1.0750 Resistance levels: 1.0925 1.0960 1.1000

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USDCHF DOWN TREND

Charts. 1 HOURE
The USDCHF has rallied strongly as visible in this daily chart (1H). This currency pair has formed a
rising wedge formation which is a reversal pattern and marked by red
lines in the above chart. We expect the USDCHF to correct back down
into its horizontal support zone which is marked in blue. The current
horizontal support zone is a very important one as it used to be a
strong resistance zone and heavy trading around those levels should be
expected.
Indicators: MACD RSI
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USDCAD

Charts. 1 HOURE
The USDCAD has rallied strongly as visible in this daily chart (1H). This currency pair has formed a
rising wedge formation which is a reversal pattern and marked by red
lines in the above chart. We expect the USDCAD to correct back down
into its horizontal support zone which is marked in blue. The current
horizontal support zone is a very important one as it used to be a
strong resistance zone and heavy trading around those levels should be
expected.
Indicators: MACD RSI
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Przetłumacz na Angielski Pokaż oryginał
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AUD/USD UP TREND NEXT MONTH

Charts: 1 HOURE
The AUD/USD has corrected sharply after trading inside its horizontal as visible in this daily chart (H1).
This currency pair is now trading inside its horizontal support level
which is marked in blue in the above chart. We expect the AUD/USD to
rally higher and back into its horizontal resistance zone which is
marked in red.
Indicators: MACD RSI
MACD indicates that momentum is improving, but it remains in bearish
territory. We expect the histogram as well as moving average to ap…
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał
lubZostaw komentarz
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USDJPY DOWN TREND

Charts. 1 HOURE
The USDJPY has rallied strongly as visible in this daily chart (1H). This currency pair has formed a
rising wedge formation which is a reversal pattern and marked by red
lines in the above chart. We expect the USDJPY to correct back down
into its horizontal support zone which is marked in blue. The current
horizontal support zone is a very important one as it used to be a
strong resistance zone and heavy trading around those levels should be
expected.
Indicators: MACD RSI
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał
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Avatar

GBPUSD UP TREND NEXT MONTH

Charts: 4 HOUR,

The GBP/USD has corrected sharply after trading inside its horizontal as visible in this daily chart (H4).
This currency pair is now trading inside its horizontal support level
which is marked in blue in the above chart. We expect the GBP/USD to
rally higher and back into its horizontal resistance zone which is
marked in red.
Indicators: MACD RSI
MACD indicates that momentum is improving, but it remains in bearish
territory. We expect the histogram as well as moving average to a…
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał
lubZostaw komentarz
Avatar

EURUSD UP TREND NEXT MONTH

Charts: 4 HOUR,

The EUR/USD has corrected sharply after trading inside its horizontal as visible in this daily chart (H4).
This currency pair is now trading inside its horizontal support level
which is marked in blue in the above chart. We expect the EUR/USD to
rally higher and back into its horizontal resistance zone which is
marked in red.
Indicators: MACD RSI
MACD indicates that momentum is improving, but it remains in bearish
territory. We expect the histogram as well as moving average to a…
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał
lubZostaw komentarz
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