Technical Analysis

USD to CAD Predictions: Analysis for 23 December 2024
22 Dec

USD to CAD Predictions: Analysis for 23 December 2024

Adam Fx0 CommentsTechnical Analysis, USDCAD Forecast, ,
The USD/CAD pair has been in a strong bullish trend, recently reaching its highest level since April 2020 at 1.4460. However, last Friday, the pair experienced a slight pullback, closing the weekly candle at 1.4370. Despite this minor correction, the overall sentiment remains bullish, with buyers in control of the market. Key Technical Observations On the H4 chart, the 50 EMA and 200 EMA are providing strong dynamic support, reinforcing the pair's upward momentum. A sustained break above the 1.4460 level could push the pair toward the next significant resistance at 1.4560. Key Levels to Watch Resistance Levels: 1.4460, 1.4560…
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USDJPY Prediction: Analysis for 23 December 2024
22 Dec

USDJPY Prediction: Analysis for 23 December 2024

Adam Fx0 CommentsTechnical Analysis, USDJPY Forecast, , , ,
The USD/JPY pair recently surged to the 158.00 level, reflecting a strong bullish trend. However, last Friday, the pair experienced a slight pullback, closing the weekly candle at 156.40. Despite this minor decline, the bullish momentum remains intact, and buyers are likely to push the pair back toward the 158.00 level. The pair could also test the significant psychological resistance at 160.00 in the upcoming sessions. Key Observations The pair continues to trade in a strong uptrend, driven by strong buying interest. Any pullbacks are expected to attract buyers, offering opportunities for new long positions. While sellers may attempt to…
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GBP USD Prediction: Analysis for 23 December 2024
22 Dec

GBP USD Prediction: Analysis for 23 December 2024

Adam Fx0 CommentsGBPUSD Forecast, Technical Analysis, , ,
The GBP/USD pair experienced a slight pullback last Friday, closing at 1.2570. Despite this recovery, the pair hasn't shown any strong bullish signals and remains below both the 50 EMA and 200 EMA, indicating that bearish sentiment still dominates. Key Levels to Watch Resistance Levels: 1.2660, 1.2750 Support Levels: 1.2470 In the upcoming sessions, the GBP/USD pair is expected to continue its downtrend. Any upward correction may attract sellers, as the overall market sentiment remains bearish. The next downside target is near the 1.2470 support level, which could be a key zone for potential price action. Factors Influencing GBP/USD Movement…
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EUR to USD Expectations: 23 December 2024 Analysis
22 Dec

EUR to USD Expectations: 23 December 2024 Analysis

Adam Fx0 CommentsEURUSD Forecast, Technical Analysis, , ,
The EUR/USD pair recently dropped to the 1.0350 level, marking a significant bearish movement in the ongoing downtrend. However, on Friday, 20th December 2024, the pair showed a bullish correction, closing the weekly candle near the 1.0430 level. On the H4 chart, the price is trading near the 50 EMA, while the 200 EMA remains significantly above, signaling that the bearish trend is still intact. Key Resistance and Support Levels Resistance Levels: 1.0520, 1.0610 Support Levels: 1.0330 and potentially lower The downtrend is expected to persist, with the pair likely targeting the 1.0330 support level. Any upward movement could offer…
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NZD USD Outlook – 16 December 2024
14 Dec

NZD USD Outlook – 16 December 2024

Adam Fx0 CommentsNZDUSD Forecast, Technical Analysis, ,
The NZD/USD pair displayed significant bearish momentum last week, closing at 0.5760. This level coincides with the low from September 2023, reflecting the strong dominance of sellers in the market. The pair is struggling to find meaningful support, indicating the prevailing downward trend. Technical Analysis On the H4 chart, the NZD/USD pair remains firmly in a downtrend, with both the 50 EMA and 200 EMA acting as dynamic resistance levels, preventing any recovery. The 200 EMA is well above the current price, emphasizing the strength of the bearish momentum. Support Levels: The next immediate support target is at 0.5700. If…
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AUD USD Prediction – 16 December 2024
14 Dec

AUD USD Prediction – 16 December 2024

Adam Fx0 CommentsAUDUSD Forecast, Technical Analysis, ,
The AUD/USD pair faced sustained downward pressure last Friday, closing at 0.6350, its lowest level since August 2024. This marks an important area for traders, as the pair continues its bearish trend, with sellers in control. Technical Analysis On the H4 chart, the AUD/USD pair remains firmly in a downtrend, marked by a series of lower lows and lower highs. Both the 50 EMA and 200 EMA are acting as dynamic resistance, limiting any potential upside movements. Support Levels: The immediate downside target is the 0.6260 level, which aligns with the low from September 2023. A break below this level…
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USD CHF Forex Prediction – 16 December 2024
14 Dec

USD CHF Forex Prediction – 16 December 2024

Adam Fx0 CommentsTechnical Analysis, USDCHF Forecast, ,
The USD/CHF pair showed strong bullish movement last week, trading between 0.8750 and 0.8950. It ended the week near the upper end of this range, closing at 0.8930, and approaching a critical resistance level at 0.8950. As the price nears this level, sellers are expected to become more active, while buyers may proceed with caution. Technical Analysis The 0.8950 level is a key resistance for USD/CHF. If sellers successfully defend this level, the price may reverse, with the first support target at 0.8820. A further bearish move could push the pair toward 0.8770, providing significant downside potential for sellers. However,…
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USD CAD Outlook – 16 December 2024
14 Dec

USD CAD Outlook – 16 December 2024

Adam Fx0 CommentsTechnical Analysis, USDCAD Forecast, ,
The USD/CAD pair closed last Friday at 1.4230, continuing its bullish momentum. On the 4-hour chart, a strong uptrend is visible, with the 50 EMA and 200 EMA acting as dynamic support levels, reinforcing the pair's overall bullish structure. Technical Analysis The current trend suggests that USD/CAD may extend its upward movement in the coming sessions, though short-term corrections are possible before the trend resumes. Support Levels: Immediate support is found at 1.4110 and 1.4000. If the price dips toward these levels, it could present buying opportunities for traders looking to capitalize on the broader uptrend. Resistance Levels: If the…
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USD JPY Daily Forecast – 16 December 2024
14 Dec

USD JPY Daily Forecast – 16 December 2024

Adam Fx0 CommentsTechnical Analysis, USDJPY Forecast, , , ,
The USD/JPY pair ended last Friday with a strong bullish move, surging from the 152.50 level to close at 154.60. This marked a notable recovery and a continuation of upward momentum for the pair. Technical Analysis Short-term support levels are identified at 151.90 and 150.70, which could help sustain the bullish trend. The strong close above 154.00 suggests the potential for further gains in the coming sessions. If bullish momentum continues, the price may test the critical resistance at 154.60. The daily chart’s moving averages confirm the bullish trend, with the pair consistently trading above key levels, such as the…
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GBP to USD Outlook – 16 December 2024
14 Dec

GBP to USD Outlook – 16 December 2024

Adam Fx0 CommentsGBPUSD Forecast, Technical Analysis, , ,
The GBP/USD pair closed last Friday at 1.2717, continuing its bearish momentum. Despite attempts to rally and test the 200 EMA on the 4-hour chart, these attempts were unsuccessful. The price eventually turned bearish, falling from the 1.2800 level and moving toward 1.2600. Technical Analysis Currently, the key resistance levels are at 1.2700 and 1.2760, which are limiting any potential upward movement. On the downside, immediate support is found at 1.2600, with a broader target at 1.2530 if the downtrend persists. The rejection from the 200 EMA on the 4-hour chart underscores the overall bearish sentiment. Additionally, the moving averages…
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