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30.03.2023 07:50 AM
DXY, H4 | Strong descending trendline ?

The DXY index is currently displaying strong bearish momentum, trading below a significant descending trend line, indicating further potential for price drops.

If the trend continues, the index could decline towards its first support level at 101.93, which is a multi-swing low support level and conjoins the 78.60% Fibonacci retracement level. A breach of this support could cause prices to fall further to the second support level at 100.82, a swing low support.

However, if the index rises, it could encounter resistance at the first resistance level of 103.46, an overlap resistance level that also corresponds to the 38.20% Fibonacci retracement level. Breaking this resistance level could lead to the next level of resistance at 104.60, which is also an overlap resistance level.

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USD/CAD, Daily | Asymmetrical Triangle Downside Breakout?
USD/CAD chart shows bearish momentum with the price breaking out of an asymmetrical triangle to the downside. The first support level at 1.33059 is an overlap support at the multi-swing lows which is a significant level for buyers. The second support is at 1.31609 which is an overlap support which.
Autor: Dean Leo
04:09 2023-06-06 UTC--4
1105
USD/CHF , Daily | Falling to Support?
The USD/CHF chart shows bearish momentum, with potential for further downward movement. The first support level is at 0.89772, which is an overlap support which may trigger significant market activity for buyers. The second support at 0.88273 which is a swing-low support that could act as a strong.
Autor: Dean Leo
04:07 2023-06-06 UTC--4
1045
EUR/USD , Daily | Rising into resistance?
The EUR/USD chart currently shows a weak bullishish momentum. There is a possibility for the price to continue its bullish movement, targeting the first resistance level.The first resistance at 1.08069 is a significant level, acting as an overlap resistance and coinciding with key Fibonacci levels,.
Autor: Dean Leo
04:04 2023-06-06 UTC--4
1045
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