Hello everyone! The overall trend for the EURUSD pair on the H1 timeframe is still upward. However, during the downward rollback, the price approached the local upward trend line on this timeframe. In case of a rebound from it upward, the nearest target for the upward movement may be the resistance level of 1.1480. In case of a breakout of this line and consolidation of the price below it, the target for the bearish movement may be the support level of 1.1375.
Hello everyone! For the GBPUSD pair, the resistance level of 1.3602 turned out to be quite strong, holding the price from further upward movement and rebounding it down to the support level of 1.3543.
Also, a triangle has formed on the H1 timeframe. To determine the entry into the market, it is better to wait for a breakout of one of the sides of this triangle, where in the case of a breakout of its upper side, the nearest target for purchases can be the resistance level of 1.3602. In the case of a breakout of its lower side, the target for sales can be the support level of 1.3491.
Hello everyone! The trend on USDCHF is still downward, while a horizontal range has formed on the H1 timeframe. The upper boundary of this range, located at the resistance level of 0.8245, turned out to be quite strong, having rebounded the price downwards for the third time. I am considering sales with the target being the lower boundary of this accumulation, located at the support level of 0.8158.
Hello everyone! A descending channel has formed on the GBPUSD pair on the H1 timeframe. Now the price has approached its lower border. I am considering short-term purchases from this border with the target of the resistance level of 1.3516.
Hello everyone and have a good profitable day! The general trend direction for the EURUSD pair is still upward. On the smaller timeframe H1, after a downward rollback, a range was formed between the support level of 1.1385 and the resistance level of 1.1438. At the moment, the price, after another upward rebound from the lower border of this accumulation, approached its upper border. In case of its upward breakout, the target for continuation of the incoming movement may be the resistance level of 1.1480. In case of a downward rebound, the price may again go to test the lower border of the range.
Hello everyone! The USDJPY pair is showing a downward trend after breaking through the local uptrend line formed earlier on the H1 timeframe. The price has approached the support level of 143.54. I am considering buying from this level as part of the correction with the target being the resistance level of 144.09 - 144.42.
Hello everyone! For the EURUSD pair, the resistance level of 1.1610 held the price from further upward movement, bouncing it down. There was also a breakout and consolidation of the price below the level of 1.1546. I am considering sales within the correction to the support level of 1.1481, where the ascending local trend line also passes on the H1 timeframe.
Hello everyone! The trend for the USDCHF pair is still downward. At the same time, the price was unable to break through the resistance level of 0.8142 during its upward rollback, having dropped to the support level of 0.8105 and formed a flat between these levels. In case of a downward breakout of the support level of 0.8105, the target for further downward movement may be the support level of 0.8068. In case of an upward breakout of the resistance of 0.8142, the target for an upward movement may be the resistance level of 0.8170.
