Author: admin_mrkets

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...

FXCM's US ECOMM Basket is made up of ETSY, W, SHOP, WMT, EBAY, and AMZN. Its daily price is in the bullish area on the left. The hourly stochastic has crossed bullishly but the EMAs are yet to trigger upwards. If they do, it potentially signals that short-term traders have aligned themselves...

Price is currently approaching and likely to take support at the 1.25598 level which is in line with the ascending trendline, 61.8% Fibonacci extension, and the 61.8% Fibonacci retracement. We can expect price to rise to the take profit at 1.26081 which is in line with a horizontal swing high...