GBPCHF is reversing from sell entry, in line with 127.2% Fibonacci retracement and 38.2% Fibonacci extension. Prices are expected to fall to take profit, in line with 50% Fibonacci retracement and 38.2% Fibonacci extension. Alternatively, prices may rally to stop loss, in line with 161.8% Fibonacci extension. Indicators are showing...
EURUSD facing bullish pressure | 28th July 2021
EURUSD is reacting above buy entry, in line with 38.2% Fibonacci retracement and 61.8% Fibonacci extension. Prices are expected to rise to take profit, in line with78.6% Fibonacci extension. Alternatively, prices may fall to stop loss, in line with 161.8% Fibonacci extension. Indicators are showing bullish pressure. Any opinions, news,...
AUDJPY facing bullish pressure | 28 July 2021
Appears that price is likely to take support and bounce up from the 80.689 level which is in line with the 50% Fibonacci retracement, 127.2% Fibonacci retracement as well as the horizontal overlap resistance. Price is expected to rise until the horizontal swing high at 81.516 which is also in...
NZDJPY facing bearish pressure | 28 July 2021
NZDJPY is approaching the sell entry at the 76.516 level in line with the horizontal overlap resistance, 38.2% Fibonacci retracement, and the 100% Fibonacci extension level. We can expect the price to take support at the 75.768 level in line with the 78.6% Fibonacci extension and 78.6% Fibonacci retracement level....
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,...