NZDJPY is holding under a descending trend line and currently testing the swing high resistance at 77.486 which is in line with the 161.8% Fibonacci retracement and the 78.6% Fibonacci extension . Price is likely to reverse under this level to take support at the horizontal swing low support in...
EURUSD H4 approaching support, potential for bounce
Price is coming into support area at 1.18072 , in-line with 61.8% Fibonacci Retracement ,161.8% Fibonacci Extension and ascending trendline support where we could potentially see it bounce to resistance at 1.18355, in-line with 23.6% Fibonacci Retracement and 61.8% Fibonacci Extension . If price drop from further, it could potentially...
NZDUSD H4 Possible Inverse Head&Shoulder, potential more upside
Price broke out of inverse head & shoulder. If the price retrace to 0.702000, in-line with 38.2% Fibonacci Retracement , 100% Fibonacci Extension and 20EMA, we could potentially see it bounce further upside to 0.70961, in-line with -61.8% Fibonacci Retracement and 127.2% Fibonacci Extension . If the price drops below,...
GBPUSD is in Bullish Area on Daily Following BoE Release
GBPUSD is in the bullish area on the daily chart on the left. On the right, the hourly EMAs have crossed bullishly. The stochastic still needs to cross up. If it does, a movement to 80 level and maintenance of that level (blue arrow) increases the chance of a successful...
COVID-19 Shutdowns May Return. Here’s The Perfect Hedge
So I started getting bearish by adding put options to deliver some quick profits.
CADJPY facing bearish pressure, potential to drop
CADJPY is reacting below the descending trendline and is approaching the sell entry near 78.6% Fibonacci retracement where we could potentially see the price drop to take profit at 86.575 near 50% Fibonacci extension and horizontal swing low. Alternatively, prices may rally up towards stop loss at 88.296 at horizontal...
USDCAD facing bearish pressure | 04 August 2021
USDCAD is currently approaching the swing high resistance in line with the 100% Fibonacci extension and the 38.2% Fibonacci retracement . We can expect price to reverse off this level and take support at the horizontal swing low which is in line with 61.8% Fibonacci extension and 61.8% Fibonacci retracement...
NZDCHF facing bearish pressure | 5th August 2021
NZDCHF reversing from sell entry, in line with 78.6% Fibonacci retracement and 100% Fibonacci extension . Prices re expected top fall to take profit, in line with 78.6% retracement and 61.8% extension. Alternatively, price may rally to stop loss, in line with 127.20% Fibonacci extension . Indicator showing bearish bias....
NZDUSD H4 Possible Inverse Head&Shoulder, potential more upside
Price broke out of inverse head & shoulder. If the price retrace to 0.702000, in-line with 38.2% Fibonacci Retracement , 100% Fibonacci Extension and 20EMA, we could potentially see it bounce further upside to 0.70961, in-line with -61.8% Fibonacci Retracement and 127.2% Fibonacci Extension . If the price drops below,...
GBPUSD facing bearish pressure | 5th August 2021
GBPUSD approaching sell entry, in line with 127.2% Fibonacci retracement and 100% Fibonacci extension . Prices re expected top fall to take profit, in line with 50% retracement and 61.8% extension. Alternatively, price may rally to stop loss, in line with 100% Fibonacci stop loss. EMA holding above prices ,...