Price is currently testing the weak H1 horizontal overlap support which is in line with the 38.2% Fibonacci retracement and 38.2% Fibonacci extension. Should price break this level, we can expect price to drop and take support at 76.516 which is in line with the 100% Fibonacci extension. 38.2% Fibonacci...
USDCHF showing bearish pressure | 27th July 2021
USDCHF holding below a descending trendline resistance and is currently at the horizontal overlap resistance which coincides with the 23.6% Fibonacci retracement. We can expect the price to reverse off this level and take support at 0.91196 which is in line with the horizontal swing low support and 0.786% Fibonacci...
USDCAD facing bullish pressure | 27th July 2021
Price currently testing horizontal overlap support at 1.25363 which is also in line with the 50% retracement and 161.8% Fibonacci extension. We can expect the price to rise to our take profit at 1.27828 which is in line with our horizontal swing high and the 127.2% Fibonacci extension level. Our...
Alphabet Overbought on Hourly AHead of Quarterlies
Google is in the bullish area on the daily chart on the left. The hourly EMAs and stochastic are in bullish mode and potentially align short-term traders with the daily. The stochastic is above 80 level and maintenance here (blue arrow) increases the chance of a successful trade. However, the RSI is overbought (blue shaded area) and...
AAPL Maintains in Bullish Area on Daily Ahead of Quarterlies
AAPL is in the bullish area on the daily chart on the left. The hourly EMAs and stochastic are in bullish mode and align short-term traders with the daily. If the stochastic maintains the upper levels above 80 (blue arrow), there is a probability of a bullish momentum push. Trend following indicators may be useful...
EURCHF facing bullish pressure | 26th July 2021
EURCHF is approaching buy entry, in line with 61.8% Fibonacci extension. Prices may rally up take profit level in line with 61.8% Fibonacci retracement. Alternatively, prices may fall to stop loss, in line with 100% Fibonacci extension, and 161.8% Fibonacci retracement. Moreover, Stochastic is approaching support. Any opinions, news, research,...
AUDUSD facing bearish pressure | 26th July 2021
AUDUSD is approaching sell entry, in line with 61.8% Fibonacci retracement. Prices may fall to take profit level in line with 127.2% Fibonacci retracement and 78.6% Fibonacci extension. Alternatively, prices may rally to stop loss, in line with 78.6% Fibonacci extension, and 127.2% Fibonacci retracement. Moreover, EMA is holding above...
EURUSD facing bullish pressure | 26th July 2021
Price is under a descending trend line and is expected to rise and reverse at 1.180 which is in line with the 61.8% Fibonacci retracement as well as the 161.8% Fibonacci extension level. We can expect the price to take support at 1.17525 which is in line with horizontal swing...
NZDJPY facing bearish pressure | 26th July 2021
Price is holding below the descending trendline and approaching a horizontal swing low support which coincides with the 38.2% Fibonacci retracement level. Should price successfully break this level, we can expect a bearish plunge to our take profit at 75.532 which is in line with the 78.6% Fibonacci extension level...
USDCAD facing bullish pressure | 26th July 2021
Price continues to rest above the ascending trendline at 1.25658 in line with 61.8% Fibonacci retracement and 161.8% Fibonacci extension. Price is likely to rise to the 1st resistance at 1.27810 which is in line with the horizontal swing high and the 61.8% Fibonacci extension. Our bullish bias is further...