GBPAUD broke below descending trendline support and is currently trading sideways. A retest of our triple bottom neckline and 23.6% Fibonacci retracement at 1.88449 towards ascending trendline resistance zone at 1.89148 could be possible. Stochastic is also testing support where price bounced in the past. Any opinions, news, research, analyses,...
GBPUSD testing pivot, potential for a bounce!
Price is at our pivot level at 1.38187 which is in line with 38.2% Fibonacci retracement level, 127.2% Fibonacci extension level and 200MA. Price could potentially bounce towards resistance at 1.38862 which is in-line with 38.2% Fibonacci retracement level and 78.6% Fibonacci extension . Stochastic is also at support where...
CADJPY facing bearish pressure | 11th Aug 2021
Price is reacting below our pivot at 88.718 which is in line with 61.8 Fibonacci extension and 127.2% Fibonacci retracement . Price could potential swing towards support at 86.575 which is in with 78.6% Fibonacci extension . Alternatively, price may swing towards resistance at 89.130 which is in line with...
AUDUSD facing bearish pressure | 11th Aug 2021
Price has broken under the ascending support turn resistance showing a bearish signal. A potential sell entry level would be 0.73581 in line with the 23.6% Fibonacci extension and 38.2% Fibonacci retracement . The price would potentially drop to the take profit level 0.72880 in line with 27.2% Fibonacci extension...
USDCHF hovering at pivot, potential bullish action|11 Aug 2021
Price has broken above the descending trendline showing a bullish signal. Potential buying entry at the current level 0.92331 to ride the price action to take profit level at 0.92753 in line with the previous horizontal swing high as well as the 127.2% Fibonacci projection . Stop-loss level at 0.92063...
XAUUSD H4 above support, potential for further upside
Price is reacting above our pivot level at 1,724.20 which is in line with 38.2% Fibonacci retracement level. Price could potentially swing towards resistance at 1,758.53, which is in line with 50% Fibonacci retracement level, 100% Fibonacci extension level, 20EMA & horizontal overlap resistance. Alternatively, price may drop to our...
AUDJPY facing bearish pressure | 6th Aug 2021
Price is reversing from the sell entry at 81.352 at 61.8% Fibonacci retracement towards our take profit at 80.598 in line with 61.8 Fibonacci retracement and extension. Otherwise price may rise to stop loss at 81.656 in line with 78.6% Fibonacci extension . Any opinions, news, research, analyses, prices, other...
XAUUSD facing bearish pressure| 06 August 2021
Price is currently holding below the horizontal overlap resistance in line with the 23.6% Fibonacci retracement and the 61.8% Fibonacci extension . We can expect price to plunge and take support at the 1789.747 level which is in line with the 161.8% Fibonacci retracement and the 161.8% Fibonacci extension ....
USDJPY facing bearish pressure | 06 August 2021
USDJPY is holding under a descending trend line , approaching a potential sell entry level at 109.812, near 61.8% Fibonacci retracement as well as 78.6% Fibonacci extension where we could potentially see the price drop to take profit at 108.722, near 61.8% Fibonacci extension and 127.2% Fibonacci retracement . Any...
GBPJPY facing bearish pressure | 06 August 2021
GBPJPY is reacting below the descending trendline and is approaching the sell entry of 152.857, near 78.6% Fibonacci extension where we could potentially see the price drop to take profit at 150.939 near 50.0% Fibonacci retracement . Alternatively, prices may rally up towards stop loss at 153.980 at a horizontal...