NZDUSD is holding below short-term descending trendline resistance. A short-term drop below 61.8% Fibonacci retracement level and our sell entry at 0.70039 towards graphical swing low support and take profit level at 0.69652 could be possible. Technical indicators are showing room for further bearish drop as well. Any opinions, news,...
USDJPY Facing bullish pressure | 19 July 2021
USDJPY is holding above short-term ascending trendline support. A short-term bounce reaction above 38.2% Fibonacci retracement and our entry at 109.964 towards graphical swing high resistance and 78.6% Fibonacci extension at 110.343 could be possible. Stochastic is testing support where price bounced in the past as well. Any opinions, news,...
GBPJPY is facing bullish pressure | 19th Jule 2021
GBPJPY is facing bullish pressure and is holding above horizontal swing low support, in line with 161.8% Fibonacci retracement and 100% Fibonacci extension. We expect prices to increase to horizontal overlap resistance, in line with 161.8% Fibonacci extension. Alternatively, if prices break below horizontal swing low support, it may face...
GBPUSD facing bullish pressure | 19th July 2021
GBPUSD is facing bullish pressure and is likely to hold above horizontal swing low support, in line with -61.8% Fibonacci retracement and 127.2% Fibonacci extension. We expect prices to increase to horizontal swing high resistance, in line with 161.8% Fibonacci extension and 127.2% Fibonacci retracement. Alternatively, if prices break below...
Your Bold Profits Confidential Questions: Answered!
Last week, we published the first issue of Bold Profits Confidential: a new behind-the-scenes newsletter written by one of the fantastic members of our editorial team, Jaclyn Frakes-Jones.
The Real Reason Your Financial Planner Doesn’t Recommend Options
For example, let’s say we buy a call option on Apple with an exercise price of $150 and an expiration date of August 20.
NZDJPY facing bearish pressure | 16th July 2021
NZDJPY facing bearish pressure and is likely to hold below sell entry which coincides with the descending trendline, 61.8% Fibonacci retracement and 61.8% Fibonacci extension . Price is likely to take support at horizontal swing low support which coincides with 61.8% Fibonacci extension . Stochastic is likely to hold below...
GBPUSD H4 broke ascending trendline, possible for drop
Price broke down from ascending trendline where we could potentially see the price drop to first support, in-line with 78.6% Fibonacci retracement and 100% Fibonacci extension . If the price bounce from this level, price will swing towards 1st resistance, in-line with 61.8% and 100% Fibonacci extension . Any opinions,...
NZDUSD facing bearish pressure|16th July 2021
Prices are approaching 1st resistance, in line with horizontal overlap resistance, 61.8% Fibonacci extension level. Prices might reverse off to 1st support, in line with the horizonal swing low support, 161.8% Fibonacci retracement and 161.8% Fibonacci extension levels. If prices surpass the descending trendline resistance, it may face resistance from...
USDCHF Under fresh bullish pressure | 16 July 2021
USDCHF Broke out of descending trendline resistance (now support) to the upside. This shows that there is now fresh bullish pressure that is pushing price higher. With technical indicators showing room for further bullish momentum as well, we see a further push up above our entry at 0.91651 towards Fibonacci...