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AUDCAD has made a significant bearish move on the H4 chart. The H4 chart shows that the price was within a range for several days. Today’s first H4 candle was extremely bearish breaching a level of support, which held the price for a long time. If the price makes an upward correction and makes another […]
Continue readingEURUSD had a bearish day yesterday. The daily candle engulfed the day before yesterday’s daily candle. The daily chart shows that the price upon producing a Double Top has been heading towards the South for several days. On the H4 chart, the price has been bearish and it has been on consolidation. A level of […]
Continue readingGBPUSD produced a bullish engulfing candle on the daily chart yesterday. The H4 chart looks good for the buyers. The price has been on consolidation. It seems that it has found its support from where it may head towards the North to make an upside breakout and offer a long entry. Let us have a […]
Continue readingEURAUD seems to have found a level of support on the daily chart. The price had a bounce on Friday at the same level where it had had a bounce earlier. The H4 chart shows that after being bullish for a while, the price had consolidation. A bullish reversal candle forms at a flipped support. […]
Continue readingUSDJPY has been bullish on the daily chart. Yesterday’s daily candle engulfed the day before yesterday’s candle. The H4 chart shows that the price has a bounce on the flipped support. If the level holds the price and produces an H4 bullish reversal candle, the buyers may find an opportunity to go long on the […]
Continue readingUSDCHF has been bullish on the daily chart. Yesterday’s daily candle came out as a Doji candle. However, two candles before that Doji candle were very bullish and the price has still some room to go towards the North. The H4 chart shows that the price is caught within a horizontal range. An upside breakout […]
Continue readingAUDJPY had a bullish day yesterday. The daily candle closed as a bullish Marubozu candle. The price has been on consolidation on the H4 chart. A level of support holds the H4 candles. If it produces an H4 bullish reversal candle followed by an H1 breakout at yesterday’s highest high, the buyers may go long […]
Continue readingEURCHF has been choppy on the daily chart for a few days. Yesterday’s daily candle came out as an Inverted Hammer, which makes the H4 chart looks bearish. The price after finding support has been on the correction. A level of flipped resistance holds the price. If the level ends up producing an H4 bearish […]
Continue readingUSDJPY has produced a Double Top on the daily chart. After producing an engulfing daily candle, the pair produced an Inside Bar. This is strong bearish price action. Moreover, the H4 chart shows that the price has been on consolidation after making a strong bearish move. If the price makes an H4 bearish breakout, the […]
Continue readingAUDUSD produced an Inverted Hammer yesterday. However, the daily chart shows that a significant level of support holds the price. Today’s intraday price action has been bullish. If the price keeps being bullish and ends up producing an H4 bullish engulfing candle followed by an H1 breakout at the swing high, the buyers may trigger […]
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