For a while, anyway… In the Federal Open Market Committee (FOMC) meeting from September 26 to 27, the Fed decided to raise rates to 2.25%.
FXCM’s BioTech Basket Short-Term Pullback in Daily Strength
FXCM's BIOTECH basket is in the bullish area on the daily chart on the left. The basket is made up of equal weighting of 2% each in ABBV, AMGN, GILD, CELG and VRTX. A bullish cross of EMAs and stochastic potentially align short-term traders with the daily. If signals occur, movement of stochastic to 80 level and maintenance of that...
EURUSD H4 is approaching pivot, potential for bounce
Price is approaching pivot, in-line with 50% Fibonacci Retracement and ascending trendline where we could potentially see the price swing towards resistance at 1.18334, in-line with 38.2% Fibonacci Retracement and 100% Fibonacci Extension. If the price drops from here, it will swing towards resistance at 1.17575, in line with 78.6%...
AUDJPY facing bearish pressure | 27th July 2021
Price currently approaching the horizontal overlap support which is in line with the 50% Fibonacci retracement as well at the 38.2% Fibonacci extension. Should price break that level, we can expect it to plunge further to take support at the 79.819 level which is in line with the horizontal swing...
XAUUSD broke down from triangle pattern, potential for drop
Price broke down below the triangle pattern where we could potentially see the price swing towards support at 1,782.69, in line with 61.8% Fibonacci Retracement and 127.2% Fibonacci Extension. If the price bounce from here, it will swing towards resistance at 1,811.96, in line with 50% Fibonacci Retracement and 78.6%...
NZDUSD facing bearish reversal | 27th July 2021
NZDUSD is reacting below sell entry, in line with descending trendline resistance, horizontal swing high resistance, 127.2% Fibonacci retracement, and 50% Fibonacci extension. Prices are expected to fall to horizontal swing low support, in line with 78.6% Fibonacci extension. Stochastic is approaching hidden resistance at 92.28. Any opinions, news, research,...
AUDUSD facing bearish reversal | 27th July 2021
NZDUSD is reacting below sell entry, in line with descending trendline resistance, horizontal swing high resistance, and 50% Fibonacci extension. Prices are expected to fall to horizontal swing low support, in line with 61.8% Fibonacci retracement and 127.2% Fibonacci extension. Stochastic is approaching hidden resistance at 91.31. Any opinions, news,...
NZDJPY facing bearish pressure | 27th July 2021
Price is currently testing the weak H1 horizontal overlap support which is in line with the 38.2% Fibonacci retracement and 38.2% Fibonacci extension. Should price break this level, we can expect price to drop and take support at 76.516 which is in line with the 100% Fibonacci extension. 38.2% Fibonacci...
USDCHF showing bearish pressure | 27th July 2021
USDCHF holding below a descending trendline resistance and is currently at the horizontal overlap resistance which coincides with the 23.6% Fibonacci retracement. We can expect the price to reverse off this level and take support at 0.91196 which is in line with the horizontal swing low support and 0.786% Fibonacci...
USDCAD facing bullish pressure | 27th July 2021
Price currently testing horizontal overlap support at 1.25363 which is also in line with the 50% retracement and 161.8% Fibonacci extension. We can expect the price to rise to our take profit at 1.27828 which is in line with our horizontal swing high and the 127.2% Fibonacci extension level. Our...