Forex Technical Outlook
Week Session: Friday
The market sentiment for this currency pair suggests a Bearish today. Traders may consider initiating Short positions sooner the price falls below the '1.0878'. This confirmation could lead to the achievement of the first target 1.0809 before following the second target price 1.0736. There is a possibility for the price to decline further and reach 1.0667 before the end of today's market session.
Nonetheless, if the price breaks above the '1.0878', it may indicate a potential shift in momentum, leading to a Long position. Traders should exercise caution as the price could rise towards the first resistance level 1.0951 and potentially test 1.1020. A stronger increase towards 1.1093 is also possible before the end of today's trading session.
#Weekly #EURUSD #Forex Technical Outlook
Note: This part is being updated using Frustrader AI Integration. EURUSD has no update for this session
Forex Technical Outlook
Week Session: Friday
This currency pair is expected to have a Bullish bias today. Traders can consider a Long position once the price confirms above the '148.11'. In that case, the first target price 149.68 may be reached, as well as the second target price 150.76. Subsequently, the price may extend further and finally reach 152.33 by the end of today's market session.
On the other hand, if the price breaks below '148.11', it may indicate a shift in momentum, leading to a potential Short position. In such a scenario, the price could decline towards the first support level 147.03 and even test 145.46. Lastly, a sharper decrease towards 144.38 is also possible by the end of today's trading session.
#Weekly #USDJPY #Forex Technical Outlook
Note: This part is being updated using Frustrader AI Integration. USDJPY has no update for this session
Forex Technical Outlook
Week Session: Friday
Anticipations indicate a Bearish bias for this currency pair today. Traders looking to benefit from this downward momentum may consider Short positions if the price falls below the '1.4411'. Once this level is breached, the first target 1.4301 becomes attainable, followed by the second target 1.4243. Furthermore, it is even possible for the price to decline towards 1.4133 before the end of today's market session.
Nonetheless, a breakthrough above the '1.4411' could indicate a potential reversal, leading to Long positions. In such a scenario, the price could rise towards the first resistance level 1.4469 and perhaps test 1.4579. A more substantial increase towards 1.4637 is also possible before the market closes today.
#Weekly #USDCAD #Forex Technical Outlook
Note: This part is being updated using Frustrader AI Integration. USDCAD has no update for this session
Forex Technical Outlook
Week Session: Friday
This currency pair is showing signs of a Bearish trend today. Traders considering Short positions may do so if the price drops below the '1.2929'. This breakdown could pave the way towards the first target level 1.2868 and potentially extend to 1.2800. Further downside momentum might even pull the price towards 1.2740 before this session ends.
In contrary, breaking above the price '1.2929' may indicate a shift in sentiment, convincing traders to consider Long positions. In such a scenario, the price might climb towards the first resistance level 1.2997 and possibly further to 1.3058. A higher rise towards 1.3125 is also probable before before we call it a day.
#Weekly #GBPUSD #Forex Technical Outlook
Note: This part is being updated using Frustrader AI Integration. GBPUSD has no update for this session
Forex Technical Outlook
Week Session: Friday
Anticipations indicate a Bullish bias for this currency pair today. Traders looking to capitalize on this momentum may consider Long positions if the price exceeds the '0.8824'. Upon surpassing this level, the first target 0.8890 becomes achievable, followed by the second target 0.8930. Furthermore, It is even possible for the price to ascend towards 0.8996 before the end of today's market session.
Nevertheless, a breach below the '0.8824' could indicate a potential reversal, leading to Short positions. In such a scenario, the price could retreat towards the first support level 0.8784 and perhaps test 0.8718. A more substantial decline towards 0.8678 is also plausible before the market closes today.
#Weekly #USDCHF #Forex Technical Outlook
Note: This part is being updated using Frustrader AI Integration. USDCHF has no update for this session
Forex Technical Outlook
Week Session: Friday
The market sentiment for this currency pair suggests a Bearish today. Traders may consider initiating Short positions sooner the price falls below the '0.8410'. This confirmation could lead to the achievement of the first target 0.8371 before following the second target price 0.8334. There is a possibility for the price to decline further and reach 0.8295 before the end of today's market session.
Nonetheless, if the price breaks above the '0.8410', it may indicate a potential shift in momentum, leading to a Long position. Traders should exercise caution as the price could rise towards the first resistance level 0.8447 and potentially test 0.8486. A stronger increase towards 0.8523 is also possible before the end of today's trading session.
#Weekly #EURGBP #Forex Technical Outlook
Note: This part is being updated using Frustrader AI Integration. EURGBP has no update for this session
Forex Technical Outlook
Week Session: Friday
The market sentiment for this currency pair appears to be Bearish today. Traders may consider initiating Short positions sooner the price falls below the '0.6307'. The initial target level 0.6281 could be initially attained, coupled with the second target level 0.6232. Eventually, there is a chance for the price to advance further and reach 0.6206 before the trading day concludes.
Contrarily, breaking above the price '0.6307' could evidently signify a potential shift in sentiment, prompting traders to consider Long positions. In such a case, the price might rise towards the first resistance level 0.6356 and potentially test 0.6382. A stronger increase towards 0.6430 is also possible before the end of today's trading session.
#Weekly #AUDUSD #Forex Technical Outlook
Note: This part is being updated using Frustrader AI Integration. AUDUSD has no update for this session
Forex Technical Outlook
Week Session: Friday
Projections show a Bullish outlook for this currency pair in today's trading. Traders who anticipate upward movement may consider Long positions once the price surpasses the '0.5727'. This breakthrough could lead to the achievement of the first target 0.5777 and potentially extend to 0.5804. Further upside potential exists, with the price possibly reaching 0.5854 before the end of today's trading session.
However, should the price breach below the '0.5727', it may indicate a shift in market sentiment, prompting traders to consider Short positions. In such a scenario, the price may retrace towards the first support level 0.5700 and subsequently level off at 0.5650. A sharper decline towards 0.5622 is also foreseen earlier than today's closing session.
#Weekly #NZDUSD #Forex Technical Outlook
Note: This part is being updated using Frustrader AI Integration. NZDUSD has no update for this session
Forex Technical Outlook
Week Session: Friday
The prevailing market sentiment indicates a Bullish bias for this instrument today. Traders who expect upward movement may consider Long positions right after the price jumps above the '160.98'. This breakthrough could lead to the attainment of the first target level 163.07, coupled with the second target level 164.44. Further push might even lead the price towards 166.53 before the day gets over.
Oppositely, breaking lower the price '160.98' could indicate a potential reversal, getting traders to consider Short positions. In this format, not only may the price fly towards the first support level 159.61 , but it may also see 157.52. A more substantial decline towards 156.14 is also on the way to get the session over.
#Weekly #EURJPY #Forex Technical Outlook
Note: This part is being updated using Frustrader AI Integration. EURJPY has no update for this session
Forex Technical Outlook
Week Session: Friday
Anticipations indicate a Bullish bias for this currency pair today. Traders looking to capitalize on this momentum may consider Long positions if the price exceeds the '191.37'. Upon surpassing this level, the first target 193.95 becomes achievable, followed by the second target 195.69. Furthermore, It is even possible for the price to ascend towards 198.27 before the end of today's market session.
Nevertheless, a breach below the '191.37' could indicate a potential reversal, leading to Short positions. In such a scenario, the price could retreat towards the first support level 189.63 and perhaps test 187.05. A more substantial decline towards 185.31 is also plausible before the market closes today.
#Weekly #GBPJPY #Forex Technical Outlook
