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Supportbreak

EURGBP: Any Impulse Move Would Meet Stern Resistance! EURGBP faces multiple upside resistance. The descending long term channel is still holding strong and any impulse up-move would likely be met with stern resistance. Fundamentally the EURO is under enormous pressure as well. Looking at the main weekly chart, we could clearly see that the major support break has already taken place that was held on multiple occasions in the past. This support break could guide the prices to the next available low, located at the 0.80000 psychological level. The descending channel might just help to guide the price to 0.8000. Ideally the stop loss should be placed above this channel, preferably above 0.85000 psychological level. Cheers, I hope you find this insight helpful. Please LIKE & FOLLOW for more insights on major currency pairs.
Short
by FX618Analysis
NQ Power Range Report with FIB Ext - 1/21/2022 SessionCME_MINI:NQH2022 - PR High: 14754.25 - PR Low: 14684.25 Evening Stats (As of 1:23 AM) - Gap: = N/A - Session Open ATR: 358.08 - Volume: 99k - Open Int: 240k - Trend Grade: Neutral - From ATH: -12.0% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 15550 - Mid: 15247 - Short: 14360 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
CME_MINI:NQH2022
by mv3trader5
Daily High Broken! GBPUSD - Daily High broken. This analysis is zoomed in from the the Daily to the 10m chart, you can see the new daily high and low. I now expect price to reject from one of the fib levels and continue to break to the upside. (The D point would be an ideal entry as theres more confluence here, but we might only see a .618/50% and an imbalance fill before price takes off! All depends on how strong the trend is! Let's see where price rejects/where structure breaks! Let me know your thoughts!?
Long
by ProFxAI
NZDUSD Likely To Decline Further Towards 61 Cents! Have a look at the snapshot above. It represents the nearby support and resistance levels on monthly TF of NZDUSD. A convincing close of monthly candle below 0.64000 would likely confirm probable bearish continuation until 0.61000 where the next support lies. Looking at the main chart, there is a nice descending channel continuation! Should the monthly candle and this week's candle close below 0.64000 we can take this pair SHORT to target 0.61000 level. The fundamental outlook too is against the KIWI as global slowdown due to trade war is affecting the KIWI. With the Tradewar far from over and RBNZ leaning towards slashing rates again to boost the economy, a visit to 0.61000 is highly likely. This just represents my outlook on this pair, shall a trade opportunity arise i will post it in a new thread.
Short
by FX618Analysis
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