Forex Technical Outlook
Weekly Session : Wednesday
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 '1.0900'. This downward movement could lead to the achievement of the first target 1.0852 and potentially extend to 1.0824. Further downside potential exists, with the price possibly declining towards 1.0775 before the end of today's trading session.
However, should the price rise above the '1.0900', 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 1.0928 and subsequently level off at 1.0976. A stronger increase towards 1.1005 is also foreseen earlier than today's closing 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
Weekly Session : Wednesday
This currency pair is expected to have a Bearish bias today. Traders can consider a Short position once the price confirms below the '157.24'. In that case, the first target price 155.62 may be reached, as well as the second target price 153.75. Subsequently, the price may extend further and finally reach 152.14 by the end of today's market session.
On the other hand, if the price breaks above '157.24', 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 159.11 and even test 160.73. Lastly, a stronger increase towards 162.60 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 : Wednesday
The market sentiment for this currency pair suggests a Bullish outlook today. Traders may consider taking Long positions sooner the price surpasses the '1.3702'. This confirmation could lead to the achievement of the first target 1.3777 before following the second target price 1.3822. Further upside potential exists, with the price possibly aiming for 1.3896 before the end of today's market session.
Nonetheless, if the price breaks below the '1.3702', it may indicate a potential shift in momentum, leading to a Short position. Traders should remain cautious as the price could decline towards the first support level 1.3657 and potentially test 1.3582. A sharper decline towards 1.3537 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 : Wednesday
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 '1.2952'. Once this level is breached, the first target 1.2860 becomes attainable, followed by the second target 1.2809. Furthermore, it is even possible for the price to decline towards 1.2717 before the end of today's market session.
Nonetheless, a breakthrough above the '1.2952' could indicate a potential reversal, leading to Long positions. In such a scenario, the price could rise towards the first resistance level 1.3003 and perhaps test 1.3095. A more substantial increase towards 1.3146 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 : Wednesday
This currency pair is showing signs of a Bullish trend today. Traders considering Long positions may do so if the price surpasses the '0.8895'. This ascence could pave the way towards the first target level 0.8971 and potentially extend to 0.9055. Further upside momentum might even push the price towards 0.9130 before this session ends.
In contrary, breaking below the price '0.8895' 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 0.8811 and possibly further to 0.8735. A deeper plunge towards 0.8652 is also probable before before we call it a day.
#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 : Wednesday
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 '0.8414'. This breakdown could pave the way towards the first target level 0.8395 and potentially extend to 0.8364. Further downside momentum might even push the price towards 0.8345 by the end of today's trading session.
In contrast, if the price '0.8414' 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 0.8445 and potentially test 0.8464. A stronger increase towards 0.8495 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
Weekly Session : Wednesday
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 '0.6717'. This breakthrough could lead to the attainment of the first target level 0.6646, coupled with the second target level 0.6609. Further pull might even lead the price towards 0.6537 before the day gets over.
Oppositely, breaking upper the price '0.6717' 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 0.6754 , but it may also see 0.6825. A more substantial increase towards 0.6863 is also on the way to get the session over.
#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 : Wednesday
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 '0.6040'. This downward movement could lead to the achievement of the first target 0.5970 and potentially extend to 0.5933. Further downside potential exists, with the price possibly declining towards 0.5863 before the end of today's trading session.
However, should the price rise above the '0.6040', 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 0.6077 and subsequently level off at 0.6147. A stronger increase towards 0.6184 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
Weekly Session : Wednesday
This currency pair is expected to have a Bearish bias today. Traders can consider a Short position once the price confirms below the '171.42'. In that case, the first target price 169.93 may be reached, as well as the second target price 168.49. Subsequently, the price may extend further and finally reach 167.00 by the end of today's market session.
On the other hand, if the price breaks above '171.42', 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 172.86 and even test 174.35. Lastly, a stronger increase towards 175.79 is also possible by the end of today's trading session.
#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 : Wednesday
The market sentiment for this currency pair suggests a Bearish today. Traders may consider initiating Short positions sooner the price falls below the '203.72'. This confirmation could lead to the achievement of the first target 201.66 before following the second target price 200.03. There is a possibility for the price to decline further and reach 197.98 before the end of today's market session.
Nonetheless, if the price breaks above the '203.72', 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 205.35 and potentially test 207.41. A stronger increase towards 209.03 is also possible before the end of today's trading session.
#Weekly #GBPJPY #Forex Technical Outlook
