One of the most popular technical indicators is the Relative Strength Index (RSI), even though few traders understand its origins.J.
GBPJPY potential for further downtrend | 3rd Dec
Price is trading in a descending channel and near the sell entry price of 150.735 which is also 61.8% Fibonacci projection and 61.8% Fibonacci retracement . Price can potentially dip to the take profit level of 149.620 which is also graphical overlap support level . Our bearish bias is supported...
AUDCHF potential bullish reversal | 3rd Dec 2021
Price is currently on the graphical overlap support. We can expect price to bounce from the pivot level in line with the 100% Fibonacci projection to the take profit level in line with 100% Fibonacci projection and 38.2% Fibonacci retracement . Our bullish bias is further supported by the bullish...
EURAUD potential dip! | 3rd Dec 2021
Prices are consolidating in a rising triangle pattern . We see potential for a pullback from our sell entry at 1.59949 in line with 127.2% and 161.8% Fibonacci extension towards our Take Profit at 1.57548 in line with 61.8% Fibonacci retracement and 161.8% Fibonacci Projection . Technical indicators are showing...
NZDCHF short-term bullish bounce | 3rd Dec 2021
Price is currently at the graphical overlap support on the daily. We can expect price to make a small bounce from the pivot level in line with 78.6% Fibonacci projection towards take profit level in line with 23.6% Fibonacci retracement and 100% Fibonacci projection . Our short term bias is...
USDJPY Potential Reversal! | 3 Dec 2021
Prices are consolidating in a triangle pattern . We see potential for a bounce from our buy entry at 23.6% and 50% Fibonacci retracement towards our Take Profit at 113.812 in line with 38.2% FIbonacci retracement and 127.2% and 100% Fibonacci extension . RSI is showing bullish momentum. Any opinions,...
USDCHF bullish momentum! | 3 Dec 2021
Prices are consolidating in a triangle and abiding to our ascending trendline. We see potential for a bounce from our 1st support at 0.91900 which is an area of Fibonacci confluences and also graphical overlap towards our Take Profit at 0.92639 in line with 100% Fibonacci extension and 50% Fibonacci...
GBPUSD potential for further downtrend | 3rd Dec
Price is abiding the descending tendline and near sell entry price of 1.33223 which is also 38.2% Fibonacci retracement and 78.6% Fibonacci projection . Price can potentially dip to the graphical overlap support level of 1.32122. Our bearish bias is supported by the ichimoku cloud indicator as price is trading...