October 9, 2024

FOREX Direction Today

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Brief overview and determination of FOREX Direction

#EURUSD πŸ‡ͺπŸ‡Ί/πŸ‡ΊπŸ‡Έ – SHORT πŸ“‰
A strong support is outlined. A break of 1.0948 will strengthen the downward movement. A strong dollar is bad for the euro.

#GBPUSD πŸ‡¬πŸ‡§/πŸ‡ΊπŸ‡Έ – SHORT πŸ“‰
Emphasis on the low of Thursday’s bar. The retest and break of this zone may trigger the impulse downwards… Also focus on 1.300

#NZDUSD πŸ‡³πŸ‡Ώ/πŸ‡ΊπŸ‡Έ – SHORT πŸ“‰
On Monday, the fall to 0.612-0.61 may continue. And after a small rebound or correction, the price may head towards 0.597

#AUDUSD πŸ‡¦πŸ‡Ί/πŸ‡ΊπŸ‡Έ – SHORT πŸ“‰
Broke a strong level. Friday’s candle closed very well. A break of Friday’s low will strengthen the downward movement…

#USDJPY πŸ‡ΊπŸ‡Έ/πŸ‡―πŸ‡΅ – LONG πŸ“ˆ
Structure breakdown and movement to retest 149.4. Possible rebound before further breakout and growth to 151.9.

#USDCAD πŸ‡ΊπŸ‡Έ/πŸ‡¨πŸ‡¦ – LONG πŸ“ˆ
We expect the continuation of growth to 1.362. There may be a slight correction on Monday

#USDCHF πŸ‡ΊπŸ‡Έ/πŸ‡¨πŸ‡­ – LONG πŸ“ˆ
After a small correction we should expect a continuation of growth to 0.863 – 0.875

#DXY πŸ’² (Dollar) – LONG πŸ“ˆ
The dollar continues to rally. Strong NFP report allows to form a short-medium term strategy

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