Day: August 2, 2021

The US30, FXCM’s DJI CFD, is in the bullish area on the daily chart on the left. We note that the hourly has pulled back to support (green shaded area). If price bounces from here, a bullish cross of EMAs and stochastic potentially align short-term traders with the daily. If...

AUD/JPY is holding below the descending trendline and approaching the sell entry at 80.181 which is in line with our horizontal overlap resistance and 23.6% Fibonacci retracement . Price is likely to resist off this level to take support at 79.443 in line with -27.2 % Fibonacci retracement . Our...

EURUSD reversing from recent highs. With price holding below our entry at 1.18751, where we have graphical overlap resistance and 38.2% Fibonacci retracement , a short term drop towards our target at 1.18306 where we have 61.8% FIbonacci retracement , ascending trendline support and graphical overlap support could be possible....

Price is consolidating under 161.8% Fibonacci Extension resistance. If the price action can close above this level, we could potentially see XAGUSD swing towards resistance at 26. 05 , in-line with 50% Fibonacci Retracement and 200% Fibonacci Extension . If the price action is not able to close above 25.66,...

Price is at strong support area , in-line with 78.6% Fibonacci Extension and ascending trendline support where we could potentially see it bounce to 0.74298, in-line with 50% Fibonacci Retracement and 100% Fibonacci Extension . If price drop from pivot ,it would potentially swing towards support at 0.73116, in-line with...

Price IS approaching pivot in line with the horizontal swing low support and the 61.8 % Fibonacci extension level. Should price break this level, we can expect price to plunge further to take support at the 100% Fibonacci extension and the 161.8% Fibonacci retracement . Our bearish bias is further...

GBPUSD reacting below sell entry, in line with 61.8% Fibonacci retracement and extension. Prices may fall to take profit, in line with 161.8% Fibonacci retracement. Alternatively, prices may rally up to stop loss, in line with 100% Fibonacci extension. Indicator showing bearish reversal. Any opinions, news, research, analyses, prices, other...

USDCAD reacting below sell entry, in line with 38.2% Fibonacci retracement and 100% Fibonacci extension, and are likely to fall to take profit, in line with 100% Fibonacci extension. Alternatively, prices may rally up to stop loss, in line with 100 % Fibonacci extension. Any opinions, news, research, analyses, prices,...

Price currently approaching the sell entry at 1808.590 which is in one with the horizontal overlap support, 61.8% Fibonacci retracement, and the 61.8% Fibonacci extension. Should price cross this level, we can expect a plunge towards the take profit at the horizontal overlap support in line with the 50% Fibonacci...