Hello everyone! I would like to analyze the situation on the USDCHF pair. On the H1 timeframe, the price broke through the local ascending trend line downwards. At the same time, there was a rollback to this line and its retest with a rebound downwards occurred, which may indicate a corrective downward movement. The target in this case may be the support level of 0.8263. The reaction to this level may show where the price can move further more comfortably.
I wish a good trading day! Analyzing the situation on the USDCHF pair on the H1 timeframe, it is clear that a range has formed on this timeframe between the resistance level of 0.8322 and the support level of 0.8214. The price has already bounced off the above resistance for the second time. I am considering sales within this range to the support of 0.8214.
Hello everyone! Analyzing the situation on the USDJPY pair on the H1 timeframe, it is clear that the price is moving along the local upward trend line on this timeframe. Now we can see another test of this line during a downward rollback. In case of a rebound from it upward, the target for a bullish movement may be the resistance level of 145.87. In case of a breakdown downwards of this line, the target for a bearish movement may be the support level of 143.11.
Have a nice day everyone! Looking at the situation on the USDCHF pair, we can see a range formed on the H1 timeframe between the resistance levels of 0.8265 and the support level of 0.8214. At the moment, I am considering trading this pair within this range, where after a rebound from its upper border, I’m considering selling to its lower border. A breakout and fixation of the price beyond some border of this range’ll show where it is more comfortable for the price to move further.
Hello everyone! A range has been formed on the EURUSD pair on the H1 timeframe between the resistance level of 1.1378 and the support level of 1.1287. For now, I am considering trading within this range, where after the price bounces off its upper border, the target for sales may be its lower border of 1.1287. Further price movement will depend on the price behavior at these key levels.
Hello everyone! The EURUSD price, during its bearish movement, nevertheless broke through the support level of 1.1287, which was the lower boundary of the range formed earlier on the H1 timeframe. But the support level of 1.1212 kept the price from further downward movement, bouncing it upward. I am considering purchases from this level with the target being the resistance level of 1.1287.
Hello everyone! The USDJPY pair on the H1 timeframe shows an upward trend. However, I think that the bulls have exhausted their strength and it is time for a downward rollback. The resistance level of 148.54 held the price and rebounded it downwards. I am considering sales from this level with the target being the support level of 146.50.
Hello everyone and have a successful trading day! The EURUSD pair is showing a downward trend on the H1 timeframe. At the same time, the price, during its upward rollback, approached the key resistance level of 1.12. I expect a rebound downwards from this level with the first target being the support level of 1.1139. In case of its breakout and the price fixing below it, the next target for a bearish movement may be the support level of 1.1077.
Hello everyone! Today I would like to analyze the situation on the USDCHF pair. On the H1 timeframe, a horizontal range has formed between the resistance levels of 0.8477 and the support level of 0.8327. For now, I am considering trading within this range, where after a rebound upwards from its lower border (0.8327), the target for an upward movement may be its upper border at 0.8477. In case of its breakthrough, the next target for a continuation of the upward movement may be the resistance level of 0.8500.
Hello everyone! The EURUSD price has broken through the local downward trend line formed earlier on the H1 timeframe and consolidated above it, which may indicate bullish sentiment for this pair. Now the price has approached the key resistance level of 1.1252. If this level is broken and the price consolidates above it, the target for further upward movement may be the resistance level of 1.1330.
Hello everyone! Today I would like to analyze the situation on the USDJPY pair. On the H1 timeframe, a local downward trend has formed. At the same time, the price reached the support level of 144.114. After a rebound upward from this level, I expect a rollback upward to the sloping line of the downward local trend.
