Trader’s block is exactly what it sounds like — you can’t come up with any good trades for the life of you.
FXCM’s US.ECOMM Basket Dips on Hourly But Daily Bullish Position
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...
USDCAD approaching support | 28th June 2021
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...
NZDUSD facing bearish pressure | 28th July 2021
NZDUSD is approaching from sell entry, in line with 50% Fibonacci retracement and 38.2% Fibonacci extension. Prices are expected to fall to take profit, in line with 127.2% Fibonacci retracement and 50% Fibonacci extension. Alternatively, prices may rally to stop loss, in line with 78.6% Fibonacci retracement. Indicators are showing...
GBPUSD Facing bearish pressure | 28 July 2021
GBPUSD pushed higher and is currently trading sideways, testing key -61.8% Fibonacci retracement level. A short-term pullback towards our take profit and graphical overlap support at 1.38325 could be possible. We also have short-term 50% Fibonacci retracement on our take profit level as well. Stochastic is testing resistance where price...
AUDUSD Facing bearish pressure | 28 July 2021
AUDUSD is currently within a triangle consolidation pattern. A breakout below 78.6% Fibonacci retracement and recent graphical swing low at 0.73480 towards long-term support and 161.8% Fibonacci extension zone at 0.72897 could be possible. RSI indicator is also reacting below descending trendline resistance where we see price-making pullbacks in the...
GBPCHF facing bearish pressure | 28th July 2021
GBPCHF is reversing from sell entry, in line with 127.2% Fibonacci retracement and 38.2% Fibonacci extension. Prices are expected to fall to take profit, in line with 50% Fibonacci retracement and 38.2% Fibonacci extension. Alternatively, prices may rally to stop loss, in line with 161.8% Fibonacci extension. Indicators are showing...
EURUSD facing bullish pressure | 28th July 2021
EURUSD is reacting above buy entry, in line with 38.2% Fibonacci retracement and 61.8% Fibonacci extension. Prices are expected to rise to take profit, in line with78.6% Fibonacci extension. Alternatively, prices may fall to stop loss, in line with 161.8% Fibonacci extension. Indicators are showing bullish pressure. Any opinions, news,...
AUDJPY facing bullish pressure | 28 July 2021
Appears that price is likely to take support and bounce up from the 80.689 level which is in line with the 50% Fibonacci retracement, 127.2% Fibonacci retracement as well as the horizontal overlap resistance. Price is expected to rise until the horizontal swing high at 81.516 which is also in...
NZDJPY facing bearish pressure | 28 July 2021
NZDJPY is approaching the sell entry at the 76.516 level in line with the horizontal overlap resistance, 38.2% Fibonacci retracement, and the 100% Fibonacci extension level. We can expect the price to take support at the 75.768 level in line with the 78.6% Fibonacci extension and 78.6% Fibonacci retracement level....