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Tuesday 29 December 2020

29th Dec analysis of a few forex pairs


EURUSD target TP 1.2253 H1

Approaching Resistance level of 1.2253 identified at 29-Dec-05:00 

Supported by Upward sloping Moving Average

USDJPY target TP 104.25 H4.

Triangle has broken through the resistance line at 28-Dec-20:00. Possible bullish price movement forecast for the next 2 days towards 104.2151. 
Supported by Upward sloping Moving Average

GBPUSD target TP 1.3618 H1.

Channel Up identified at 29-Dec-04:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.3620 within the next day.

AUDUSD target TP 0.7622 H4

Triangle identified at 29-Dec-08:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.7623 within the next 2 days. 
Supported by Upward sloping Moving Average

USDCHF target TP 0.8838 M30.

Broke through Support level of 0.8874 at 29-Dec-05:30 
Supported by Downward sloping Moving Average

XAUUSD target TP 1855 H1

Approaching Support level of 1851.6000 identified at 28-Dec-23:00 
Supported by Downward sloping Moving Average

CHFJPY target TP 117.10   H1

Broke through Resistance level of 116.8295 at 29-Dec-03:00 
Supported by Upward sloping Moving Average

BTCUSD target TP 25700 M15

Broke through Support level of 26225.8398 at 29-Dec-07:15 
Supported by Downward sloping Moving Average

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