What next for the AUDUSD from a technical perspective? |
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2024-02-24
Hello, Traders! 📈 Itai Levitan here from ForexLive.com, bringing you a quick and insightful NASDAQ technical analysis as we await the market’s opening this Monday. For those familiar with my approach, you know I like to keep things simple and straight to the point. 🎯
In my latest video, I dive into the recent price movements, highlighting the ascending wedge and its implications as both a trading range and a signal for potential shifts. We observed a notable breakdown and retest, including a deep retest where prices attempted to re-enter the previously established range, only to face resistance at the all-time high of 18,121.5, followed by a swift drop. 📉
Despite these movements, the market ended the week on a note that demands attention. As long as prices remain below the critical
2024-02-23
The 100-day MA in the EURUSD comes in at 1.08028. That will be a close support/risk level going forward.
2024-02-20
The NZDUSD is off highs and retests its 38.2% retracement of the move down from the end of December high at 0.61637. That level will be close support.
2024-02-20
#eurusd #forex #technicalanalysis
In this video you will learn about the latest fundamental developments for the EURUSD pair. You will also find technical analysis across different timeframes for a better overall outlook on the market.
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Topics covered in the video:
0:00 Fundamental Outlook.
1:43 Technical Analysis with Optimal Entries.
3:16 Upcoming Economic Data.
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#trading #daytrading #fundamentalanalysis
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