Forex Technical Outlook

Minor Forex Currency Pairs | Weekly : Wednesday

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Forex Technical Outlook
Weekly Session : Wednesday

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 '0.9472'. Upon surpassing this level, the first target 0.9530 becomes achievable, followed by the second target 0.9569. Furthermore, It is even possible for the price to ascend towards 0.9627 before the end of today's market session.


Nevertheless, a breach below the '0.9472' could indicate a potential reversal, leading to Short positions. In such a scenario, the price could retreat towards the first support level 0.9433 and perhaps test 0.9375. A more substantial decline towards 0.9336 is also plausible before the market closes today.

#Weekly #EURCHF #Forex Technical Outlook

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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 '1.6524'. This breakthrough could lead to the attainment of the first target level 1.6439, coupled with the second target level 1.6389. Further pull might even lead the price towards 1.6304 before the day gets over.


Oppositely, breaking upper the price '1.6524' 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 1.6574 , but it may also see 1.6659. A more substantial increase towards 1.6709 is also on the way to get the session over.

#Weekly #EURAUD #Forex Technical Outlook

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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 '1.7601'. This confirmation could lead to the achievement of the first target 1.7504 before following the second target price 1.7423. There is a possibility for the price to decline further and reach 1.7326 before the end of today's market session.


Nonetheless, if the price breaks above the '1.7601', 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 1.7682 and potentially test 1.7779. A stronger increase towards 1.7859 is also possible before the end of today's trading session.

#Weekly #EURNZD #Forex Technical Outlook

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Forex Technical Outlook
Weekly Session : Wednesday

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 '1.4517'. Upon surpassing this level, the first target 1.4567 becomes achievable, followed by the second target 1.4609. Furthermore, It is even possible for the price to ascend towards 1.4659 before the end of today's market session.


Nevertheless, a breach below the '1.4517' could indicate a potential reversal, leading to Short positions. In such a scenario, the price could retreat towards the first support level 1.4475 and perhaps test 1.4425. A more substantial decline towards 1.4383 is also plausible before the market closes today.

#Weekly #EURCAD #Forex Technical Outlook

Note: This part is being updated using Frustrader AI Integration. EURCAD 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 '1.9356'. In that case, the first target price 1.9183 may be reached, as well as the second target price 1.9085. Subsequently, the price may extend further and finally reach 1.8913 by the end of today's market session.


On the other hand, if the price breaks above '1.9356', 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 1.9454 and even test 1.9627. Lastly, a stronger increase towards 1.9724 is also possible by the end of today's trading session.

#Weekly #GBPAUD #Forex Technical Outlook

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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 '2.0628'. This confirmation could lead to the achievement of the first target 2.0443 before following the second target price 2.0326. There is a possibility for the price to decline further and reach 2.0141 before the end of today's market session.


Nonetheless, if the price breaks above the '2.0628', 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 2.0745 and potentially test 2.0930. A stronger increase towards 2.1047 is also possible before the end of today's trading session.

#Weekly #GBPNZD #Forex Technical Outlook

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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 '1.7013'. Once this level is breached, the first target 1.6915 becomes attainable, followed by the second target 1.6844. Furthermore, it is even possible for the price to decline towards 1.6746 before the end of today's market session.


Nonetheless, a breakthrough above the '1.7013' could indicate a potential reversal, leading to Long positions. In such a scenario, the price could rise towards the first resistance level 1.7084 and perhaps test 1.7182. A more substantial increase towards 1.7253 is also possible before the market closes today.

#Weekly #GBPCAD #Forex Technical Outlook

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Forex Technical Outlook
Weekly Session : Wednesday

This currency pair is expected to have a Bullish bias today. Traders can consider a Long position once the price confirms above the '97.78'. In that case, the first target price 98.52 may be reached, as well as the second target price 98.98. Subsequently, the price may extend further and finally reach 99.72 by the end of today's market session.


On the other hand, if the price breaks below '97.78', 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 97.32 and even test 96.58. Lastly, a sharper decrease towards 96.12 is also possible by the end of today's trading session.

#Weekly #AUDJPY #Forex Technical Outlook

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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 '91.69'. This confirmation could lead to the achievement of the first target 92.34 before following the second target price 92.75. Further upside potential exists, with the price possibly aiming for 93.41 before the end of today's market session.


Nonetheless, if the price breaks below the '91.69', 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 91.28 and potentially test 90.63. A sharper decline towards 90.21 is also possible before the end of today's trading session.

#Weekly #NZDJPY #Forex Technical Outlook

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Forex Technical Outlook
Weekly Session : Wednesday

The prevailing market sentiment for this currency pair is Bullish today. Traders seeking upward opportunities may consider Long positions if the price exceeds the '111.15'. This breakthrough could pave the way towards the first target level 111.74 and potentially extend to 112.20. Further upside momentum might even push the price towards 112.78 by the end of today's trading session.


In contrast, if the price '111.15' 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 110.69 and potentially test 110.10. A sharper decline towards 109.65 is also possible before the end of today's trading session.

#Weekly #CADJPY #Forex Technical Outlook

Note: This part is being updated using Frustrader AI Integration. CADJPY 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. Weekly Forex Technical Outlook 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.