EURCAD is facing bullish pressure from ascending trendline support in line with 50% Fiboancci extension and 78.6% Fibonacci retracement . Prices might push up towards horizontal swing high resistance in line with 127.2% Fibonacci extension and 78.6% Fibonacci retracement . If prices push down further, prices might take support on...
EURAUD facing bearish pressure | 11th June 2021
Price is facing bearish pressure as it continues to hold below the Ichimoku cloud and descending trendline resistances. We could see a further drop below Pivot , in line with 78.6% Fibonacci retracement and 127.2% Fibonacci extension , towards 1st Support, in line with 61.8% Fibonacci extension and horizontal swing...
GBPCHF facing bearish pressure | 11th June 2021
Price is facing bearish pressure as it continues to hold under the descending trendline resistance, and Stochastics is also showing signs of bearish pressure as it is approaching the resistance level where it has reacted off of before, in line with our analysis. A break and close below Sell Entry...
AUDCAD further drop incoming | 11th June 2021
AUDCAD is currently hovering above 1st resistance in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension . If prices break through 1st resistance, a further drop is expected towards horizontal overlap support in lie with 50% Fibonacci retracement and 50% Fibonacci extension . If prices reverses from 1st resistance,...
Breakout Identified in USDCHF
The Breakout Opportunities system has just sold USDCHF at 0.89418. The system recommends entering this trade at any price between 0.89292 and 0.89535. The signal was issued because the USDCHF has broken its 24-hour low while our Speculative Sentiment Index was at 9.20574, suggesting that the USDCHF may have further...
Possible trend shift in GBPUSD – going long
The Tidal Shift Strategy has just bought GBPUSD at 1.41775. The system recommends entering this trade at any price between 1.41578 and 1.41972. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -2.66832, which suggests that...
GBPJPY Testing Descending Trendline Resistance | 11 June 2021
GBPJPY reacting below descending trendline resistance and 61.8% Fibonacci retracement level at 155.107. A short term intraday drop towards graphical overlap support and Fibonacci confluence zone at 154.826 could be possible. Stochastic is testing resistance where price pulled back in the past as well. Any opinions, news, research, analyses, prices,...
USDJPY Facing Bullish Pressure
USDJPY facing bullish pressure above ascending trendline support. A short term intraday bounce above 78.6% Fibonacci retracement at 109.318 towards graphical swing high resistance, 78.6% Fibonacci extension , 76.4% Fibonacci retracement at 109.649 could be possible. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained...
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Gold Remains Neutral on Daily; Assessing Follow Through
XAUUSD repsonded to the core CPI print of 0.7% m/m, which was higher than the 0.5% forecast. A bullish hammer has charted (day still to complete). This shows that bears took price down to the day's low before losing control to the bulls. Price is still in the neutal zone,...