Forex Technical Review

Minor Forex Currency Pairs | Monthly : 4th Week

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Forex Technical Review
Monthly Session : 4th 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 '0.9815'. This breakdown could pave the way towards the first target level 0.9701 and potentially extend to 0.9615. Further downside momentum might even pull the price towards 0.9500 before this session ends.


In contrary, breaking above the price '0.9815' 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 0.9901 and possibly further to 1.0015. A higher rise towards 1.0102 is also probable before before we call it a day.

#Monthly #EURCHF #Forex Technical Review

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Forex Technical Review
Monthly Session : 4th 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 '1.6333'. This breakdown could pave the way towards the first target level 1.6180 and potentially extend to 1.6058. Further downside momentum might even push the price towards 1.5905 by the end of today's trading session.


In contrast, if the price '1.6333' 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 1.6455 and potentially test 1.6608. A stronger increase towards 1.6729 is also possible before the end of today's trading session.

#Monthly #EURAUD #Forex Technical Review

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Forex Technical Review
Monthly Session : 4th Week

This currency pair is expected to have a Bearish bias today. Traders can consider a Short position once the price confirms below the '1.7807'. In that case, the first target price 1.7461 may be reached, as well as the second target price 1.7276. Subsequently, the price may extend further and finally reach 1.6930 by the end of today's market session.


On the other hand, if the price breaks above '1.7807', 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 1.7992 and even test 1.8338. Lastly, a stronger increase towards 1.8522 is also possible by the end of today's trading session.

#Monthly #EURNZD #Forex Technical Review

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Forex Technical Review
Monthly Session : 4th Week

The market sentiment for this currency pair suggests a Bearish today. Traders may consider initiating Short positions sooner the price falls below the '1.4768'. This confirmation could lead to the achievement of the first target 1.4653 before following the second target price 1.4526. There is a possibility for the price to decline further and reach 1.4412 before the end of today's market session.


Nonetheless, if the price breaks above the '1.4768', 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 1.4895 and potentially test 1.5010. A stronger increase towards 1.5136 is also possible before the end of today's trading session.

#Monthly #EURCAD #Forex Technical Review

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Forex Technical Review
Monthly Session : 4th Week

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 '1.9118'. Once this level is breached, the first target 1.8927 becomes attainable, followed by the second target 1.8710. Furthermore, it is even possible for the price to decline towards 1.8520 before the end of today's market session.


Nonetheless, a breakthrough above the '1.9118' could indicate a potential reversal, leading to Long positions. In such a scenario, the price could rise towards the first resistance level 1.9335 and perhaps test 1.9526. A more substantial increase towards 1.9742 is also possible before the market closes today.

#Monthly #GBPAUD #Forex Technical Review

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Forex Technical Review
Monthly Session : 4th 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 '2.0884'. This breakthrough could lead to the attainment of the first target level 2.0514, coupled with the second target level 2.0302. Further pull might even lead the price towards 1.9932 before the day gets over.


Oppositely, breaking upper the price '2.0884' 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 2.1096 , but it may also see 2.1466. A more substantial increase towards 2.1677 is also on the way to get the session over.

#Monthly #GBPNZD #Forex Technical Review

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Forex Technical Review
Monthly Session : 4th 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 '1.7296'. This breakthrough could lead to the achievement of the first target 1.7513 and potentially extend to 1.7670. Further upside potential exists, with the price possibly reaching 1.7886 before the end of today's trading session.


However, should the price breach below the '1.7296', 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 1.7139 and subsequently level off at 1.6922. A sharper decline towards 1.6766 is also foreseen earlier than today's closing session.

#Monthly #GBPCAD #Forex Technical Review

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Forex Technical Review
Monthly Session : 4th 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 '103.10'. Upon surpassing this level, the first target 106.33 becomes achievable, followed by the second target 108.08. Furthermore, It is even possible for the price to ascend towards 111.31 before the end of today's market session.


Nevertheless, a breach below the '103.10' could indicate a potential reversal, leading to Short positions. In such a scenario, the price could retreat towards the first support level 101.35 and perhaps test 98.12. A more substantial decline towards 96.37 is also plausible before the market closes today.

#Monthly #AUDJPY #Forex Technical Review

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Forex Technical Review
Monthly Session : 4th 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 '94.68'. This breakthrough could lead to the attainment of the first target level 98.61, coupled with the second target level 100.66. Further push might even lead the price towards 104.60 before the day gets over.


Oppositely, breaking lower the price '94.68' 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 92.63 , but it may also see 88.70. A more substantial decline towards 86.64 is also on the way to get the session over.

#Monthly #NZDJPY #Forex Technical Review

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Forex Technical Review
Monthly Session : 4th 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 '114.06'. This breakthrough could lead to the achievement of the first target 116.77 and potentially extend to 118.18. Further upside potential exists, with the price possibly reaching 120.89 before the end of today's trading session.


However, should the price breach below the '114.06', 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 112.65 and subsequently level off at 109.94. A sharper decline towards 108.53 is also foreseen earlier than today's closing session.

#Monthly #CADJPY #Forex Technical Review

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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.