Forex_Analytica

Forex_Analytica

Summary The analysis reveals an upward trend in the exchange rate. The recent drop was expected due to overbought conditions, with prices now recovering towards the resistance level at 163.25. The Fibonacci analysis indicates significant support levels at 157.35, while resistance is identified at 162.00. Technical indicators suggest that it is too early to place...

Forex_Analytica

Summary The conclusion drawn from the data analysis present in the chart reveals an upward sentiment in the market. However, there are data indicating the possibility of a temporary downward correction. This correction could result from the strong upward movement that has prevailed in the exchange rate in recent days. Trend Determination The primary trend...

Forex_Analytica

Summary The analysis of the current exchange rate reveals a period of indecisiveness, as indicated by the symmetrical sideways triangle and low trading volume. The application of the Fibonacci Retracement confirms the price accumulation between the 38.2 and 61.8 levels, highlighting uncertainty and high risk in positioning. Additionally, the technical analysis...

Forex_Analytica

Summary The exchange rate analysis reveals a dominant upward trend, both in the long-term and short-term. The Fibonacci Retracement and Expansion tools identify critical support and resistance levels, providing an estimation of future price movements. Technical analysis using moving averages and the MACD confirms the upward trend, while also highlighting the risk...

Forex_Analytica

Strategy: Neutral | Outlook: Buy | Risk for placing orders: High Trend Identification: The main market trend is bearish, with the current secondary trend showing a short-term upward trajectory. Prices are moving in the upper zone of the downward channel near the support levels of the secondary trend. Investors should be cautious due to the existing...

Forex_Analytica

Strategy: Neutral | Risk for placing orders: High Trend Identification: The analysis of the exchange rate price chart shows that the primary trend is downward, while the short-term trend is upward. Fibonacci Retracement: The continuation of the downward movement is confirmed below 0.86979, while the upward movement becomes more secure above 0.89995. ...

Forex_Analytica

Strategy: Neutral Risk for placing orders: Significant High Summary Long-term and short-term trends: Prices are moving near the lower band of the trend channels, indicating a possible reversal towards the main trend. Fibonacci Retracement: Critical support levels. The currency pair may move downward to the level of 1.34322 without changing the...

Forex_Analytica

Summary The primary long-term trend of the exchange rate is upward, while the short-term trend is sideways. Prices are moving within an upward trend channel, close to the upper band, increasing the likelihood of a downward correction. The use of Fibonacci Retracement identifies critical support levels, with 0.66719 being a key point. A break below this level...

Forex_Analytica

On the daily price chart of the AUDUSD pair, the current price trend has no clear direction. The current price fluctuation is between 0.6400, as the trough, and up to the limit of 0.6650, as the peak. The downward path of currency pair prices, which has started since the beginning of 2021, has been maintained to date and has shown no signs of recovery. The...