NZDUSD is approaching sell entry, in line with 78.6% Fibonacci retracement and 61.8% Fibonacci extension . Prices are likely to reverse and fall to take profit, in line with 127.2% Fibonacci retracement and 100% Fibonacci extension . Alternatively, prices may rally to stop loss, in line with 127.2% Fibonacci retracement...
EURAUD Facing bullish pressure | 29 July 2021
EURAUD holding above ascending trendline support. With technical indicators showing room for further bullish momentum, a push up above our entry at 1.60538 where we have moving average support and Fibonacci confluence zone, towards long term graphical swing high resistance at our target 1.61306 could be possible. Our take profit...
USDJPY facing bearish | 28th July 2021
Price is approaching the horizontal swing low at the 109.559 level which is in line with the 61.8% Fibonacci retracement level and the 100% Fibonacci extension level. Should price drop below this level, we can expect price to take support at the horizontal swing low at 109.059 which is in...
NZDJPY facing bearish pressure | 28 July 2021
Appears that price is approaching and likely to resist off the horizontal overlap resistance in line with the 38.2% Fibonacci retracement . Price is expected to take support at the 75.532 level in line with the horizontal swing low and 78.6% Fibonacci extension level. Our bearish bias is further supported...
XAUUSD H4 at resistance, potential for short-term pull back
Price is at resistance area where we could potentially see it pull back to retest breakout support at 1,803.82, in-line with 50% Fibonacci Retracement , 61.8% Fibonacci Extension and descending trendline resistance-turned-support. If price bounce above pivot ,it would swing towards resistance at 1,827.97, in-line with 78.6% Fibonacci Retracement and...
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...