Forex Technical Outlook

Minor Forex Currency Pairs | Weekly : Friday

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Forex Technical Outlook
Weekly Session : Friday

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 '0.9574'. This downward movement could lead to the achievement of the first target 0.9464 and potentially extend to 0.9399. Further downside potential exists, with the price possibly declining towards 0.9288 before the end of today's trading session.


However, should the price rise above the '0.9574', 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 0.9639 and subsequently level off at 0.9749. A stronger increase towards 0.9815 is also foreseen earlier than today's closing session.

#Weekly #EURCHF #Forex Technical Outlook

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Forex Technical Outlook
Weekly Session : Friday

The market sentiment for this currency pair appears to be Bearish today. Traders may consider initiating Short positions sooner the price falls below the '1.6238'. The initial target level 1.6090 could be initially attained, coupled with the second target level 1.6001. Eventually, there is a chance for the price to advance further and reach 1.5853 before the trading day concludes.


Contrarily, breaking above the price '1.6238' could evidently signify a potential shift in sentiment, prompting traders to consider Long positions. In such a case, the price might rise towards the first resistance level 1.6327 and potentially test 1.6475. A stronger increase towards 1.6564 is also possible before the end of today's trading session.

#Weekly #EURAUD #Forex Technical Outlook

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Forex Technical Outlook
Weekly Session : Friday

The market sentiment for this currency pair suggests a Bearish today. Traders may consider initiating Short positions sooner the price falls below the '1.7493'. This confirmation could lead to the achievement of the first target 1.7319 before following the second target price 1.7216. There is a possibility for the price to decline further and reach 1.7041 before the end of today's market session.


Nonetheless, if the price breaks above the '1.7493', 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 1.7596 and potentially test 1.7770. A stronger increase towards 1.7873 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 : Friday

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 '1.4748'. Once this level is breached, the first target 1.4635 becomes attainable, followed by the second target 1.4575. Furthermore, it is even possible for the price to decline towards 1.4462 before the end of today's market session.


Nonetheless, a breakthrough above the '1.4748' could indicate a potential reversal, leading to Long positions. In such a scenario, the price could rise towards the first resistance level 1.4808 and perhaps test 1.4921. A more substantial increase towards 1.4981 is also possible before the market closes today.

#Weekly #EURCAD #Forex Technical Outlook

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Forex Technical Outlook
Weekly Session : Friday

This currency pair is showing signs of a Bearish trend today. Traders considering Short positions may do so if the price drops below the '1.9225'. This breakdown could pave the way towards the first target level 1.9104 and potentially extend to 1.9035. Further downside momentum might even pull the price towards 1.8914 before this session ends.


In contrary, breaking above the price '1.9225' 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 1.9294 and possibly further to 1.9415. A higher rise towards 1.9484 is also probable before before we call it a day.

#Weekly #GBPAUD #Forex Technical Outlook

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Forex Technical Outlook
Weekly Session : Friday

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 '2.0712'. This breakdown could pave the way towards the first target level 2.0565 and potentially extend to 2.0487. Further downside momentum might even push the price towards 2.0341 by the end of today's trading session.


In contrast, if the price '2.0712' 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 2.0790 and potentially test 2.0937. A stronger increase towards 2.1015 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 : Friday

This currency pair is expected to have a Bearish bias today. Traders can consider a Short position once the price confirms below the '1.7478'. In that case, the first target price 1.7351 may be reached, as well as the second target price 1.7283. Subsequently, the price may extend further and finally reach 1.7157 by the end of today's market session.


On the other hand, if the price breaks above '1.7478', 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 1.7546 and even test 1.7673. Lastly, a stronger increase towards 1.7740 is also possible by the end of today's trading session.

#Weekly #GBPCAD #Forex Technical Outlook

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Forex Technical Outlook
Weekly Session : Friday

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 '103.97'. This breakthrough could lead to the achievement of the first target 104.89 and potentially extend to 105.72. Further upside potential exists, with the price possibly reaching 106.63 before the end of today's trading session.


However, should the price breach below the '103.97', 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 103.14 and subsequently level off at 102.22. A sharper decline towards 101.40 is also foreseen earlier than today's closing session.

#Weekly #AUDJPY #Forex Technical Outlook

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

Forex Technical Outlook
Weekly Session : Friday

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 '96.47'. Upon surpassing this level, the first target 97.39 becomes achievable, followed by the second target 98.16. Furthermore, It is even possible for the price to ascend towards 99.08 before the end of today's market session.


Nevertheless, a breach below the '96.47' could indicate a potential reversal, leading to Short positions. In such a scenario, the price could retreat towards the first support level 95.70 and perhaps test 94.78. A more substantial decline towards 94.01 is also plausible before the market closes today.

#Weekly #NZDJPY #Forex Technical Outlook

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Forex Technical Outlook
Weekly Session : Friday

This currency pair is showing signs of a Bullish trend today. Traders considering Long positions may do so if the price surpasses the '114.42'. This ascence could pave the way towards the first target level 115.21 and potentially extend to 115.89. Further upside momentum might even push the price towards 116.69 before this session ends.


In contrary, breaking below the price '114.42' 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 113.74 and possibly further to 112.95. A deeper plunge towards 112.26 is also probable before before we call it a day.

#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.