Day: July 22, 2021

AUDUSD reversing from the lows. With technical indicators now showing room for further bullish momentum, a further push up above our entry at 0.73628 towards Fibonacci confluence zone at our take profit level 0.74132 could be possible. We have both 100% Fibonacci extension and 61.8% Fibonacci retracement lining up at...

GBPJPY holding below both long term moving average and also below descending trendline resistance. A short term drop below our entry at 151.616 where we have 78.6% Fibonacci retracement towards our take profit at 149.977 where we have 50% Fibonacci retracement at the graphical overlap support could be possible. Any...

Following a bullish breakout of the descending trendline, price is likely to take support at the 1st support level which is also in line with descending trendline, 38.2% Fibonacci extension level and 38.2% Fibonacci retracement level. Price is then expected to rise up to the take profit level at 110.343...

Price is at lower trendline wedge where we could potentially see price swing towards Take Profit at 1,813.37, in-line with 50% Fibonacci Retracement and 61.8% Fibonacci Extension. If the drops below the ascending trendline we would see it swing towards Stop Loss at 1,782.80, in-line with 61.8% Fibonacci Retracement and...

Price is likely to bounce up from strong horizontal overlap support which is in line with the 61.8% Fibonacci retracement and 127.2% Fibonacci extension level. Prices are expected to rise up to the take profit at the horizontal overlap resistance in line with the 61.78% Fibonacci extension level. Our bullish...

Price is consolidating above 20EMA where we may potentially see further upside towards Take Profit at 1.37701, in line with 61.8% Fibonacci Retracement and 200% Fibonacci Extension. MACD is also indicating bullish momentum for further upside. If the price reverses from the pivot, we would see it swing towards Stop...

EURAUD is above approaching buy entry, in line with 100% Fibonacci extension. Prices are expected to rally towards take profit, in line with 161.8% Fibonacci retracement and 61.8% Fibonacci extension. Alternatively, prices may fall to take support at stop loss, in line horizontal pullback support, and 50% Fibonacci retracement. EMA...

EURJPY is holding below horizontal swing high resistance, in line with descending trendline resistance, 61.8% Fibonacci retracement, and 100% Fibonacci extension. Prices are expected to fall to horizontal swing low support, in line with 100% Fibonacci extension. Alternatively, prices may increase top horizontal swing high resistance, in line with Fibonacci...