Price is below our pivot level at 88.461 which is in-line with 50% Fibonacci extension level. Price could potentially drop towards support at 86.575 in-line with 78.6% Fibonacci extension level. If price bounces, it could potentially swing towards resistance at 89.086 in-line with 78.6% Fibonacci extension level. Any opinions, news,...
GBPJPY Facing bearish pressure | 12 Aug 2021
GBPJPY Approaching key graphical swing high level where price tested multiple times. A short term drop below our entry at 153.310 towards recent graphical swing low at 151.171 could be possible. Stochastics is also testing resistance where price dropped in the past as well Any opinions, news, research, analyses, prices,...
USDCAD Facing Bearish Pressure
USDCAD Broke below ascending trendline support (now resistance). A further drop below our entry at 1.25190 where we also have graphical overlap resistance towards -27.2% Fibonacci retracement level could be possible. Price is holding below moving average as well. Any opinions, news, research, analyses, prices, other information, or links to...
EURUSD testing pivot, potential for drop
Price is below our pivot level at 1.17535 which is in-line with 23.6% Fibonacci retracement level and 20EMA. Price could potentially drop towards support at 1.17141, which is in-line with 61.8% Fibonacci retracement level and 61.8% Fibonacci extension level and swing low support. If price bounces, it could potentially swing...
USDJPY Facing bearish pressure | 12 Aug 2021
Price is reacting above our pivot at 110.299 which is in line with 23.6% Fibonacci retracement . Price could potential swing towards support at 109.326 which is in with 78.6% Fibonacci extension . Alternatively, price may swing towards resistance at 110.829 which is in line with 141.4% Fibonacci extension ....
AUSDUD is below pivot, potential for drop
Price is below our pivot level at 0.73836 which is in-line with 61.8% Fibonacci retracement level and descending trendline resistance. Price could potentially drop towards support at 0.73208, which is in-line with 78.6% Fibonacci retracement level and 61.8% Fibonacci extension level and horizontal overlap resistance. If price bounces, it could...
Telstra Jumps On Declared Special Div
Above we see the TLS weekly time frame. Technically, the moving averages are in a bullish stack with the shorter-term green > intermediate orange> longer-term red. Moreover, there is good angle and separation which indicates a strong momentum for the telecom. On a classical charting basis, TLS may have charted...
USDOLLAR Weekly Chart Trends Up As Market Anticpates Tapering
The above chart show’s FXCM’s USDOLLAR index on a weekly time scale and is reflective of the primary trend. Longer-term charts tend to align with the underlying fundamentals and here we can see a higher trough followed by a higher peak – the technical definition of an uptrend. The greenback...
UKOILSPOT testing pivot, potential for a bounce!
UKOILSPOT broke above the descending trendline resistance (turn support) and price may bullish from pivot at 71. 01 in line with 38.2% Fibonacci retracement and 38.2% Fibonacci extension to resistance in line with 100% Fibonacci extension . Alternatively, prices may rally down to stop loss at 69.03 in line with...
EURJPY Facing bullish pressure | 11 Aug 2021
EURJPY broke above descending trendline resistance (now support). A further push up above graphical overlap support and 23.6% Fibonacci retracement at 129.629 towards graphical swing high resistance and our take profit at 129.964 could be possible. Technical indicators are showing room for further bullish momentum as well. Any opinions, news,...