As the market sold off on Monday, I couldn’t help but think of this story… That appearance of chaos from the outside, while the reality is far more organized, is the same general pattern that unfolds when stocks sell off.
GBPUSD potential for bearish reversal | 23rd July 2021
GBPUSD reverses off sell entry, in line with horizontal swing high resistance, 61.8% Fibonacci resistance. Prices are expected to fall to take profit, in line with horizontal swing low support and 61.8% Fibonacci extension . Alternatively, prices may face resistance from stop loss, in line with 127.2% Fibonacci retracement ....
EURCAD Facing bullish pressure | 23 July 2021
EURCAD holding above ascending trendline support, showing that price is still holding within a bullish environment. A bounce above our Entry at 1.47763 where we have 78.6% Fibonacci retracement towards 50% Fibonacci retracement and graphical overlap resistance at 1.49336 could be possible. Any opinions, news, research, analyses, prices, other information,...
EURAUD Facing bullish pressure | 23 July 2021
EURAUD holding above both moving average support and ascending trendline support, showing that price is still holding within a bullish environment. A bounce above our Entry at 1.59120 where we have 651.8% Fibonacci retracement towards 50% Fibonacci retracement and graphical overlap resistance at 1.60249 could be possible. Any opinions, news,...
NZDJPY facing bearish pressure | 23 July 2021
Price is holding under the descending trendline and is likely to reverse under the swing high resistance which is in line with the 78.6% Fibonacci retracement level and the 127.2% Fibonacci extension level. Price is likely to take support at the 76.547 horizontal swing low support which is in line...
USDCAD facing bullish pressure | 22nd July 2021
Price is testing and likely to bounce up from our pivot in line with the ascending trendline, 61.8% Fibonacci retracement as well as 161.8% Fibonacci extension level. Price is expected to rise up to our horizontal swing high which is also in line with 61.8% Fibonacci extension level. Our bullish...