Forex Technical Review
Monthly Session : 5th Week
This currency pair is expected to have a Bearish bias today. Traders can consider a Short position once the price confirms below the '1.0966'. In that case, the first target price 1.0837 may be reached, as well as the second target price 1.0659. Subsequently, the price may extend further and finally reach 1.0530 by the end of today's market session.
On the other hand, if the price breaks above '1.0966', it may indicate a shift in momentum, leading to a potential Long position. In such a scenario, the price could rise towards the first resistance level 1.1144 and even test 1.1273. Lastly, a stronger increase towards 1.1451 is also possible by the end of today's trading session.
#Monthly #EURUSD #Forex Technical Review
Note: This part is being updated using Frustrader AI Integration. EURUSD has no update for this session
Forex Technical Review
Monthly Session : 5th Week
The market sentiment for this currency pair appears to be Bullish today. Traders may consider initiating Long positions sooner the price surpasses the '134.47'. The initial target level 138.35 could be initially attained, coupled with the second target level 140.44. Eventually, there is a chance for the price to advance further and reach 144.33 before the trading day concludes.
Contrarily, breaking below the price '134.47' could evidently signify a potential shift in sentiment, prompting traders to consider Short positions. In such a case, the price might retreat towards the first support level 132.38 and potentially test 128.50. A sharper decline towards 126.40 is also possible before the end of today's trading session.
#Monthly #USDJPY #Forex Technical Review
Note: This part is being updated using Frustrader AI Integration. USDJPY has no update for this session
Forex Technical Review
Monthly Session : 5th Week
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 '1.3504'. Upon surpassing this level, the first target 1.3708 becomes achievable, followed by the second target 1.3872. Furthermore, It is even possible for the price to ascend towards 1.4075 before the end of today's market session.
Nevertheless, a breach below the '1.3504' could indicate a potential reversal, leading to Short positions. In such a scenario, the price could retreat towards the first support level 1.3340 and perhaps test 1.3136. A more substantial decline towards 1.2973 is also plausible before the market closes today.
#Monthly #USDCAD #Forex Technical Review
Note: This part is being updated using Frustrader AI Integration. USDCAD has no update for this session
Forex Technical Review
Monthly Session : 5th Week
The prevailing market sentiment for this currency pair is Bearish today. Traders expecting downward movement may consider Short positions if the price falls below the '1.2475'. This breakdown could pave the way towards the first target level 1.2366 and potentially extend to 1.2165. Further downside momentum might even push the price towards 1.2057 by the end of today's trading session.
In contrast, if the price '1.2475' is surpassed, it may suggest a shift in sentiment, prompting traders to consider Long positions. In such a scenario, the price might climb towards the first resistance level 1.2676 and potentially test 1.2785. A stronger increase towards 1.2985 is also possible before the end of today's trading session.
#Monthly #GBPUSD #Forex Technical Review
Note: This part is being updated using Frustrader AI Integration. GBPUSD has no update for this session
Forex Technical Review
Monthly Session : 5th Week
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 '0.8998'. This breakthrough could lead to the achievement of the first target 0.9144 and potentially extend to 0.9342. Further upside potential exists, with the price possibly reaching 0.9489 before the end of today's trading session.
However, should the price breach below the '0.8998', 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 0.8800 and subsequently level off at 0.8654. A sharper decline towards 0.8456 is also foreseen earlier than today's closing session.
#Monthly #USDCHF #Forex Technical Review
Note: This part is being updated using Frustrader AI Integration. USDCHF has no update for this session
Forex Technical Review
Monthly Session : 5th Week
The market sentiment for this currency pair suggests a Bearish today. Traders may consider initiating Short positions sooner the price falls below the '0.8789'. This confirmation could lead to the achievement of the first target 0.8703 before following the second target price 0.8643. There is a possibility for the price to decline further and reach 0.8557 before the end of today's market session.
Nonetheless, if the price breaks above the '0.8789', 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 0.8849 and potentially test 0.8935. A stronger increase towards 0.8995 is also possible before the end of today's trading session.
#Monthly #EURGBP #Forex Technical Review
Note: This part is being updated using Frustrader AI Integration. EURGBP has no update for this session
Forex Technical Review
Monthly Session : 5th Week
The market sentiment for this currency pair suggests a Bearish today. Traders may consider initiating Short positions sooner the price falls below the '0.6665'. This confirmation could lead to the achievement of the first target 0.6525 before following the second target price 0.6433. There is a possibility for the price to decline further and reach 0.6293 before the end of today's market session.
Nonetheless, if the price breaks above the '0.6665', 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 0.6757 and potentially test 0.6897. A stronger increase towards 0.6989 is also possible before the end of today's trading session.
#Monthly #AUDUSD #Forex Technical Review
Note: This part is being updated using Frustrader AI Integration. AUDUSD has no update for this session
Forex Technical Review
Monthly Session : 5th Week
This currency pair is showing signs of a Bearish trend today. Traders considering Short positions may do so if the price drops below the '0.6225'. This breakdown could pave the way towards the first target level 0.6069 and potentially extend to 0.5955. Further downside momentum might even pull the price towards 0.5799 before this session ends.
In contrary, breaking above the price '0.6225' 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 0.6339 and possibly further to 0.6495. A higher rise towards 0.6609 is also probable before before we call it a day.
#Monthly #NZDUSD #Forex Technical Review
Note: This part is being updated using Frustrader AI Integration. NZDUSD has no update for this session
Forex Technical Review
Monthly Session : 5th Week
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 '147.67'. This breakthrough could lead to the attainment of the first target level 152.80, coupled with the second target level 155.56. Further push might even lead the price towards 160.68 before the day gets over.
Oppositely, breaking lower the price '147.67' 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 144.91 , but it may also see 139.78. A more substantial decline towards 137.03 is also on the way to get the session over.
#Monthly #EURJPY #Forex Technical Review
Note: This part is being updated using Frustrader AI Integration. EURJPY has no update for this session
Forex Technical Review
Monthly Session : 5th Week
This currency pair is expected to have a Bullish bias today. Traders can consider a Long position once the price confirms above the '168.34'. In that case, the first target price 173.92 may be reached, as well as the second target price 176.74. Subsequently, the price may extend further and finally reach 182.32 by the end of today's market session.
On the other hand, if the price breaks below '168.34', 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 165.52 and even test 159.94. Lastly, a sharper decrease towards 157.12 is also possible by the end of today's trading session.
#Monthly #GBPJPY #Forex Technical Review
