IC Markets
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CFD Trading carries high risks. General advice only.
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Check out today's technical report, covering a number of key markets and timeframes:

https://www.icmarkets.com/blog/friday-17th-april-technical-outlook-and-review/

#Technicalanalysis #Forextrading #Bullish #Bearish #EURUSD
Breakout traders above 1.41 must contend with potential resistance on the weekly timeframe by way of a channel resistance, therefore trade with caution!

#USDCAD #Technicalanalysis
#AUDUSD showing interesting #support around 0.62, combined with a potential #ABCD correction, a 127.2% #Fibonacci extension at 0.6211 and channel support. Also note there is a daily support priced in at 0.6214 nearby.

#Technicalanalysis
FO above 0.64 into H4 Quasimodo resistance at 0.6432/TL resistance could be a potential scenario today, given buy-stop LQ above 0.64.

#AUDUSD #Technicalanalysis
#AUDUSD:

Strong support at 0.64

0.64 comes together with a notable trend line resistance-turned support, taken from the high 0.7031, a Quasimodo resistance-turned support at 0.6385 and a 50.0% retracement value at 0.6411.

#Forextrading #Technicalanalysis
#USDJPY currently in the process of printing two falling wedge patterns on the H4 timeframe, heading towards 106.

Traders are also urged to pencil in the possibility of a fakeout through 106 into Quasimodo support at 105.72.

#Technicalanalysis
#USDJPY digging in and heading for 107. Note daily support also resides at 106.95!

#Technicalanalysis #Forex
1.22 looks a tasty support on #GBPUSD, bolstered by a H4 Quasimodo support at 1.2205 and weekly support also representing 1.2200.

#Technicalanalysis
Price recaptures 1.22 as weekly support kicks in, despite breaking out of daily range.

1.22 was a noted level to watch as support.

#GBPUSD #Technicalanalysis
Despite #USDJPY trading lower from 107/trend line confluence, both weekly and daily timeframes are clear of resistance and could see an advance.

Should we dip to 106.43 H4 support, nevertheless, buyers may attempt to make a comeback here.

#Technicalanalysis
H4 resistance at 1942.1, as expected, gave way in recent trading, putting forward bullish scenarios to H4 resistance at 1981.3, followed by the 2k mark #gold #XAUUSD #Technicalanalysis

Full analysis - https://www.icmarkets.com/blog/friday-14th-august-technical-outlook-and-review/
#USDCHF riding higher above 0.91, fuelled by sell-stop LQ and fresh buyers off H4 support at 0.9091 #Technicalanalysis
Guys remember to tune in for our first ever youtube live event later with Desmond as he takes your requests in this live market analysis session!

Date: 17th November 2021 (Today!)
Time: 8:30pm (AEST) | 9:30am (GMT)
Link: https://www.youtube.com/watch?v=cIZwRbIs1BQ