$GBPUSD - Sell with RSI divergence

The GBPUSD currency pair has come to 2-months high recently. However, the momentum is loosing an is evidenced in a bearish divergence found in the RSI technical indicator. Traders may seek for selling opportunities with high potential of price falling back down.

Support: 1.26065
Resistance: 1.27497

$EURUSD - SELL when price breaks below support

The EURUSD currency pair has reached the support level of 1.06683. This is the second time it retested the level these 2 days. As the price is currently going downtrend, traders may monitor for a sell opportunity especially when the price breaks below the support level.

Support: 1.06683
Resistance: 1.07066

$USDCAD - BUY at support level

The USDCAD currency pair has reached a critical support level at 1.37321 to 1.37379, with RSI indicator showing a bullish divergence. This suggests that the selling momentum for the currency pair is slowing. Traders may look out for potential buying opportunities. However, if the price breaks below the support level, traders may look for selling opportunities instead.

Resistance: 1.37618
Support: 1.37321

$GBPJPY - Buy now!

The GBPJPY pair has recently fallen rapidly since 27/10/2023 followed by a slow fall. This pattern suggests a high potential rebound. Besides, the bullish divergence found in the RSI indicator and an engulfing green candlestick further supports the potential of a rebound. Traders may find an opportunity to enter now to catch the rebound momentum.

Support: 180.77
Resistance: 182.60

$GBPAUD - Buy when price break above Triangle trend line

The GBPAUD currency pair experienced a corrective pullback with a support level of 191.352 forming a descending triangle pattern. From the 1-hour chart, the level of the uptrend swing has not been broken yet. Hence, the 191.352 level provides a strong support point. As long as the price manages to break above the top triangle trend line, traders may monitor for a BUYING opportunity. On the other hand, if the price has broken below this level, traders may monitor for a sell opportunity.

Support: 191.352
Resistance: 1.92676

$GBPJPY - Buy as price fails to break below recent support

The GBPJPY currency pair recently experienced selling pressure and has come to the recent support level of 181.20-181.45. As the price has been consolidating around the support level and has not been able to break below it, it is expected that an upward reversal trend to happen soon. Besides, the RSI indicator is showing a bullish divergence, which further suggests that there is an increase in buying momentum. Traders may monitor for a buying opportunity around the support level.

Support: 181.45
Resistance: 182.45

$USDCAD - Buyers beware, Downtrend may be comingThe USDCAD currency pair has recently broken above the resistance level of 1.37052 and has been trading near the level without a clear upward trend since the breakout. Yesterday, the price briefly tested the level but did not break below it. However, the RSI indicator showing a hidden bearish divergence suggests a reversal may be coming.

Traders planning to buy this counter may need to monitor carefully on possible reversal trends. If the price is confirmed to break below the 1.37052 level, traders may monitor for SELL opportunities.

Overall, there is a high chance that the price movement is heading downtrend.

$USDCAD - SELL

The USD/CAD currency pair has reached a 2-week high area, near the trend line and resistance zone. Besides, the RSI indicator shows that the pair is trading in an overbought zone and the MACD indicator shows a bearish divergence. These indicate that there are high probability that the price will be reversing to downtrend soon. Traders may monitor for SELL opportunities around 1.3735 area.

Support: 1.3628
Resistance: 1.3735

$GBPAUD - BUY when the price fails to break below the support level

The GBPAUD has come to the support level of 1.92031 to 1.92235. As the price momentum is still in a bullish trend, a rebound is expected as the price moves near the support level. Traders may monitor for a BUY opportunity as long as the price does not break below it.

Support: 1.92235
Resistance: 1.93347

$GBPAUD - BUY if price break above resistance level

The GBPAUD has been re-testing the recent resistance level of 1.9205 - 1.9240. Yesterday, the currency pair has retraced from the area again, but has been trading near the area since then. Traders may monitor for a BUY opportunity if price break above the resistance level. If price successfully break above, it the TP will be at the next resistance level (1.94630 - 1.94940) that coincide with Fibonacci level of 1.618.

Support: 1.90922
Resistance: 1.9240