Swing Trading ideas - page 42

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Maria Mahomedally
924
Maria Mahomedally  
EURUSD’s downside movement from 1.1514 extended to as low as 1.1314. Further decline is still possible after a minor consolidation and next target would be at 1.1250 area. Near term resistance is at 1.1350, a break of this level could bring the price back to 1.1400 area.
Maria Mahomedally
924
Maria Mahomedally  
GBPUSD extended its downside movement from 1.3217 to as low as 1.2853. As long as the price is in the falling price channel on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.2800 area. Key resistance is at 1.2996, above this level would indicate that the downside movement had completed at 1.2853 already, then the pair would find next resistance level at around 1.3100.
Maria Mahomedally
924
Maria Mahomedally  
USDCAD remains in the downtrend from 1.3664, the bounce from 1.3068 is likely consolidation for the downtrend. As long as 1.3375 resistance holds, the downside movement could be expected to resume, and next target would be at 1.2900 area. Only a break of 1.3375 resistance could signal completion of the downtrend.
Maria Mahomedally
924
Maria Mahomedally  
GBPUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.3217. Further decline is still possible in a couple of days and next target would be at 1.2750 area. Key resistance is at 1.2996, only break above this level could signal completion of the downtrend.
Maria Mahomedally
924
Maria Mahomedally  
GBPUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.3217. Further decline is still possible in a couple of days and next target would be at 1.2750 area. Key resistance is at 1.2996, only break above this level could signal completion of the downtrend.
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