Forex Technical Outlook
Weekly Session : Monday
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 '1.0753'. This breakthrough could lead to the attainment of the first target level 1.0675, coupled with the second target level 1.0623. Further pull might even lead the price towards 1.0545 before the day gets over.
Oppositely, breaking upper the price '1.0753' 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 1.0805 , but it may also see 1.0883. A more substantial increase towards 1.0934 is also on the way to get the session over.
#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
Weekly Session : Monday
This currency pair is expected to have a Bullish bias today. Traders can consider a Long position once the price confirms above the '139.60'. In that case, the first target price 141.71 may be reached, as well as the second target price 142.83. Subsequently, the price may extend further and finally reach 144.94 by the end of today's market session.
On the other hand, if the price breaks below '139.60', 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 138.48 and even test 136.37. Lastly, a sharper decrease towards 135.25 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
Weekly Session : Monday
The market sentiment for this currency pair appears to be Bullish today. Traders may consider initiating Long positions sooner the price surpasses the '1.3585'. The initial target level 1.3686 could be initially attained, coupled with the second target level 1.3755. Eventually, there is a chance for the price to advance further and reach 1.3856 before the trading day concludes.
Contrarily, breaking below the price '1.3585' 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 1.3516 and potentially test 1.3415. A sharper decline towards 1.3345 is also possible before the end of today's trading session.
#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
Weekly Session : Monday
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 '1.2377'. Once this level is breached, the first target 1.2282 becomes attainable, followed by the second target 1.2213. Furthermore, it is even possible for the price to decline towards 1.2118 before the end of today's market session.
Nonetheless, a breakthrough above the '1.2377' could indicate a potential reversal, leading to Long positions. In such a scenario, the price could rise towards the first resistance level 1.2446 and perhaps test 1.2541. A more substantial increase towards 1.2610 is also possible before the market closes today.
#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
Weekly Session : Monday
The prevailing market sentiment for this currency pair is Bullish today. Traders seeking upward opportunities may consider Long positions if the price exceeds the '0.9021'. This breakthrough could pave the way towards the first target level 0.9101 and potentially extend to 0.9154. Further upside momentum might even push the price towards 0.9235 by the end of today's trading session.
In contrast, if the price '0.9021' 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 0.8968 and potentially test 0.8888. A sharper decline towards 0.8834 is also possible before the end of today's trading session.
#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
Weekly Session : Monday
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 '0.8684'. This breakthrough could lead to the achievement of the first target 0.8720 and potentially extend to 0.8754. Further upside potential exists, with the price possibly reaching 0.8790 before the end of today's trading session.
However, should the price breach below the '0.8684', 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 0.8650 and subsequently level off at 0.8614. A sharper decline towards 0.8579 is also foreseen earlier than today's closing 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
Weekly Session : Monday
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 '0.6558'. This downward movement could lead to the achievement of the first target 0.6449 and potentially extend to 0.6381. Further downside potential exists, with the price possibly declining towards 0.6271 before the end of today's trading session.
However, should the price rise above the '0.6558', 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 0.6626 and subsequently level off at 0.6735. A stronger increase towards 0.6803 is also foreseen earlier than today's closing 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
Weekly Session : Monday
The market sentiment for this currency pair suggests a Bearish today. Traders may consider initiating Short positions sooner the price falls below the '0.6127'. This confirmation could lead to the achievement of the first target 0.5952 before following the second target price 0.5858. There is a possibility for the price to decline further and reach 0.5683 before the end of today's market session.
Nonetheless, if the price breaks above the '0.6127', 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 0.6221 and potentially test 0.6396. A stronger increase towards 0.6491 is also possible before the end of today's trading 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
Weekly Session : Monday
This currency pair is showing signs of a Bullish trend today. Traders considering Long positions may do so if the price surpasses the '150.18'. This ascence could pave the way towards the first target level 151.53 and potentially extend to 152.28. Further upside momentum might even push the price towards 153.62 before this session ends.
In contrary, breaking below the price '150.18' may indicate a shift in sentiment, convincing traders to consider Short position. In such a scenario, the price may dive towards the first support level 149.43 and possibly further to 148.08. A deeper plunge towards 147.34 is also probable before before we call it a day.
#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
Weekly Session : Monday
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 '172.84'. This breakthrough could lead to the attainment of the first target level 174.49, coupled with the second target level 175.38. Further push might even lead the price towards 177.02 before the day gets over.
Oppositely, breaking lower the price '172.84' 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 171.95 , but it may also see 170.30. A more substantial decline towards 169.41 is also on the way to get the session over.
#Weekly #GBPJPY #Forex Technical Outlook
