Forex Technical Review

Major Forex Currency Pairs | Monthly : 3rd Week

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Forex Technical Review
Monthly Session : 3rd Week

The prevailing market sentiment indicates a Bearish bias for this instrument today. Traders who expect downward movement may consider Short positions right after the price dives below the '1.0846'. This breakthrough could lead to the attainment of the first target level 1.0711, coupled with the second target level 1.0633. Further pull might even lead the price towards 1.0497 before the day gets over.


Oppositely, breaking upper the price '1.0846' could indicate a potential reversal, getting traders to consider Long positions. In this format, not only may the price descend towards the first resistance level 1.0924 , but it may also see 1.1059. A more substantial increase towards 1.1138 is also on the way to get the session over.

#Monthly #EURUSD #Forex Technical Review

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Forex Technical Review
Monthly Session : 3rd Week

The prevailing market sentiment for this currency pair is Bullish today. Traders seeking upward opportunities may consider Long positions if the price exceeds the '149.93'. This breakthrough could pave the way towards the first target level 153.38 and potentially extend to 155.42. Further upside momentum might even push the price towards 158.87 by the end of today's trading session.


In contrast, if the price '149.93' is breached, it may suggest a shift in sentiment, prompting traders to consider Short positions. In such a scenario, the price might retrace towards the first support level 147.89 and potentially test 144.44. A sharper decline towards 142.41 is also possible before the end of today's trading session.

#Monthly #USDJPY #Forex Technical Review

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Forex Technical Review
Monthly Session : 3rd Week

This currency pair is expected to have a Bullish bias today. Traders can consider a Long position once the price confirms above the '1.3524'. In that case, the first target price 1.3628 may be reached, as well as the second target price 1.3718. Subsequently, the price may extend further and finally reach 1.3822 by the end of today's market session.


On the other hand, if the price breaks below '1.3524', 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 1.3434 and even test 1.3330. Lastly, a sharper decrease towards 1.3240 is also possible by the end of today's trading session.

#Monthly #USDCAD #Forex Technical Review

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Forex Technical Review
Monthly Session : 3rd Week

Projections show a Bearish outlook for this currency pair in today's trading. Traders who anticipate downward movement may consider Short positions once the price falls below the '1.2697'. This downward movement could lead to the achievement of the first target 1.2500 and potentially extend to 1.2378. Further downside potential exists, with the price possibly declining towards 1.2181 before the end of today's trading session.


However, should the price rise above the '1.2697', it may indicate a shift in market sentiment, prompting traders to consider Long positions. In such a scenario, the price may advance towards the first resistance level 1.2819 and subsequently level off at 1.3016. A stronger increase towards 1.3138 is also foreseen earlier than today's closing 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 : 3rd Week

The market sentiment for this currency pair appears to be Bullish today. Traders may consider initiating Long positions sooner the price surpasses the '0.8940'. The initial target level 0.9151 could be initially attained, coupled with the second target level 0.9282. Eventually, there is a chance for the price to advance further and reach 0.9492 before the trading day concludes.


Contrarily, breaking below the price '0.8940' 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 0.8809 and potentially test 0.8598. A sharper decline towards 0.8467 is also possible before the end of today's trading 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 : 3rd 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 '0.8551'. This breakdown could pave the way towards the first target level 0.8500 and potentially extend to 0.8452. Further downside momentum might even pull the price towards 0.8402 before this session ends.


In contrary, breaking above the price '0.8551' 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 0.8599 and possibly further to 0.8650. A higher rise towards 0.8697 is also probable before before we call it a day.

#Monthly #EURGBP #Forex Technical Review

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Forex Technical Review
Monthly Session : 3rd 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 '0.6551'. This breakdown could pave the way towards the first target level 0.6435 and potentially extend to 0.6361. Further downside momentum might even push the price towards 0.6244 by the end of today's trading session.


In contrast, if the price '0.6551' 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 0.6625 and potentially test 0.6741. A stronger increase towards 0.6815 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 : 3rd Week

The prevailing market sentiment indicates a Bearish bias for this instrument today. Traders who expect downward movement may consider Short positions right after the price dives below the '0.6051'. This breakthrough could lead to the attainment of the first target level 0.5886, coupled with the second target level 0.5791. Further pull might even lead the price towards 0.5625 before the day gets over.


Oppositely, breaking upper the price '0.6051' could indicate a potential reversal, getting traders to consider Long positions. In this format, not only may the price descend towards the first resistance level 0.6146 , but it may also see 0.6311. A more substantial increase towards 0.6406 is also on the way to get the session over.

#Monthly #NZDUSD #Forex Technical Review

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Forex Technical Review
Monthly Session : 3rd Week

Projections show a Bearish outlook for this currency pair in today's trading. Traders who anticipate downward movement may consider Short positions once the price falls below the '162.95'. This downward movement could lead to the achievement of the first target 160.57 and potentially extend to 157.83. Further downside potential exists, with the price possibly declining towards 155.44 before the end of today's trading session.


However, should the price rise above the '162.95', it may indicate a shift in market sentiment, prompting traders to consider Long positions. In such a scenario, the price may advance towards the first resistance level 165.69 and subsequently level off at 168.07. A stronger increase towards 170.82 is also foreseen earlier than today's closing session.

#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 : 3rd Week

This currency pair is expected to have a Bearish bias today. Traders can consider a Short position once the price confirms below the '190.81'. In that case, the first target price 188.13 may be reached, as well as the second target price 185.27. Subsequently, the price may extend further and finally reach 182.58 by the end of today's market session.


On the other hand, if the price breaks above '190.81', 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 193.67 and even test 196.35. Lastly, a stronger increase towards 199.22 is also possible by the end of today's trading session.

#Monthly #GBPJPY #Forex Technical Review

Note: This part is being updated using Frustrader AI Integration. GBPJPY has no update for this session

Caution: Navigate volatile financial markets during Economic News with care. Stay informed, manage risk, and make wise trading decisions. Monthly Forex Technical Review in this page is all generated by Frustrader AI System and does not intend to provide any Trading Signals. However, our trusted tools and expert insights can help you navigate the choppy waters of market fluctuations. Prepare for uncertainty and seize opportunities with confidence.