Day: July 29, 2021

The above chart shows the daily time frame for AMZN. Price action has charted a lower peak ahead of the company’s quarterly release. It seems it's at a tipping point in the short term. If price continues lower along the broken red line trajectory a lower trough will chart. This...

Price is at resistance area , in-line with 100% Fibonacci Extension where we could potentially see it pull back to retest horizontal overlap support at 1.18208, in-line with 38.2% Fibonacci Retracement and 61.8% Fibonacci Extension . If price bounce above pivot ,it would swing towards resistance at 1.18874, in-line with...

USDCAD currently in a long term down trend and has just broken out of the channel to the downside. A further drop below 38.2% Fibonacci retracement at our entry 1.25293 towards long term graphical swing low support at 1.24232 could be possible. Technical indicators are showing room for further bearish...

CHFJPY is approaching sell entry, in line with 127.2% Fibonacci retracement and 127.2% Fibonacci extension . Prices are likely to reverse and fall to take profit, in line with 100% Fibonacci extension . Alternatively, prices may rally to stop loss, in line with 161.8% Fibonacci retracement . Indicator supporting bearish...

NZDUSD is approaching sell entry, in line with 78.6% Fibonacci retracement and 61.8% Fibonacci extension . Prices are likely to reverse and fall to take profit, in line with 127.2% Fibonacci retracement and 100% Fibonacci extension . Alternatively, prices may rally to stop loss, in line with 127.2% Fibonacci retracement...

EURAUD holding above ascending trendline support. With technical indicators showing room for further bullish momentum, a push up above our entry at 1.60538 where we have moving average support and Fibonacci confluence zone, towards long term graphical swing high resistance at our target 1.61306 could be possible. Our take profit...

Price is approaching the horizontal swing low at the 109.559 level which is in line with the 61.8% Fibonacci retracement level and the 100% Fibonacci extension level. Should price drop below this level, we can expect price to take support at the horizontal swing low at 109.059 which is in...

Appears that price is approaching and likely to resist off the horizontal overlap resistance in line with the 38.2% Fibonacci retracement . Price is expected to take support at the 75.532 level in line with the horizontal swing low and 78.6% Fibonacci extension level. Our bearish bias is further supported...

Price is at resistance area where we could potentially see it pull back to retest breakout support at 1,803.82, in-line with 50% Fibonacci Retracement , 61.8% Fibonacci Extension and descending trendline resistance-turned-support. If price bounce above pivot ,it would swing towards resistance at 1,827.97, in-line with 78.6% Fibonacci Retracement and...