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16.03.2023 11:10 AM
AUDUSD, H4 | Potential reversel from trendline?

Price is approaching our 1st resistance level at 0.6694 along with a 61.8% Fibonacci retracement. If the price were to break above, it could push up to 2nd resistance at 0.6779

However, if the price were to reverse from 1st resistance level, it could drop down to 1st support at 0.6565. In addition, there is a descending trendline that may reverse from this point

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Dean Leo,
Analytical expert of InstaForex
© 2007-2023
USDCHF, H4 | Rally to 1st resistance??
The USD/CHF chart displays a bullish momentum, indicating an upward trend. The price being above the bullish Ichimoku cloud and a major ascending trend line contributes to this positive sentiment. Given the bullish momentum, there is a possibility of a bullish bounce from the first support level t.
作者: Dean Leo
01:32 2023-06-01 UTC--4
1585
GBPUSD , H4 | React off Resistance?
The GBP/USD chart currently shows a bearish momentum, suggesting a downward trend. There is a possibility of a bearish reaction from the first resistance level, leading to a decline towards the first support level. The 1.2376 level is a significant support area, previously attracting buyers. The se.
作者: Dean Leo
01:30 2023-06-01 UTC--4
1375
EUR/USD , H4 | Falling to 1st support?
The EUR/USD chart shows a bearish momentum as the price remains below a major descending trend line and the bearish Ichimoku cloud. This indicates a presence of bearish pressure in the market. There is a likelihood of a bearish reaction at the first resistance level, which could lead to a decline t.
作者: Dean Leo
01:28 2023-06-01 UTC--4
1675
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