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23.03.2023 07:55 AM
USDCAD, H4 | Respected descending trendline ?

The charts indicate that the USD/CAD currency pair is currently experiencing a bearish momentum, with price situated below a significant descending trend line. As such, it is likely that the bearish trend will continue. In the event of a drop in price, there are two potential support levels that may come into play. The first support level, at 1.3645, is a strong overlap support level and coincides with the 38.20% Fibonacci retracement level. The second support level, at 1.3569, is also an overlap support and located at the 50% Fibonacci retracement level.

Alternatively, there are two potential resistance levels that price may encounter if it rises. The first, at 1.3743, is a multi-swing high resistance level. The second resistance level, at 1.3815, is an overlap resistance level.

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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.
Autor: Dean Leo
01:32 2023-06-01 UTC--4
1720
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.
Autor: Dean Leo
01:30 2023-06-01 UTC--4
1495
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.
Autor: Dean Leo
01:28 2023-06-01 UTC--4
1720
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