GBPUSD holding below short-term descending trendline resistance. A short-term drop below our entry at 1.37563 towards our take profit and Fibonacci confluence zone at 1.36896 could be possible. RSI is also holding below short-term descending trendline resistance where the price dropped in the past. Any opinions, news, research, analyses, prices,...
USDJPY Facing bearish pressure | 26 July 2021
Price broke below ascending trendline support, now resistance. A further drop below our entry and 38.2% Fibonacci retracement at 110.419 towards graphical swing low and graphical support zone at 110.034 could be expected. RSI is also reacting below resistance where price pulled back in the past and we see bearish...
GBPUSD potential for bearish reversal | 23rd July 2021
GBPUSD reverses off sell entry, in line with horizontal swing high resistance, 61.8% Fibonacci resistance. Prices are expected to fall to take profit, in line with horizontal swing low support and 61.8% Fibonacci extension . Alternatively, prices may face resistance from stop loss, in line with 127.2% Fibonacci retracement ....
EURCAD Facing bullish pressure | 23 July 2021
EURCAD holding above ascending trendline support, showing that price is still holding within a bullish environment. A bounce above our Entry at 1.47763 where we have 78.6% Fibonacci retracement towards 50% Fibonacci retracement and graphical overlap resistance at 1.49336 could be possible. Any opinions, news, research, analyses, prices, other information,...
EURAUD Facing bullish pressure | 23 July 2021
EURAUD holding above both moving average support and ascending trendline support, showing that price is still holding within a bullish environment. A bounce above our Entry at 1.59120 where we have 651.8% Fibonacci retracement towards 50% Fibonacci retracement and graphical overlap resistance at 1.60249 could be possible. Any opinions, news,...
NZDJPY facing bearish pressure | 23 July 2021
Price is holding under the descending trendline and is likely to reverse under the swing high resistance which is in line with the 78.6% Fibonacci retracement level and the 127.2% Fibonacci extension level. Price is likely to take support at the 76.547 horizontal swing low support which is in line...
USDCAD facing bullish pressure | 22nd July 2021
Price is testing and likely to bounce up from our pivot in line with the ascending trendline, 61.8% Fibonacci retracement as well as 161.8% Fibonacci extension level. Price is expected to rise up to our horizontal swing high which is also in line with 61.8% Fibonacci extension level. Our bullish...
AUDUSD Facing bearish pressure | 22 July 2021
AUDUSD reversing from the lows. With technical indicators now showing room for further bullish momentum, a further push up above our entry at 0.73628 towards Fibonacci confluence zone at our take profit level 0.74132 could be possible. We have both 100% Fibonacci extension and 61.8% Fibonacci retracement lining up at...
GBPJPY Facing bearish pressure | 22 July 2021
GBPJPY holding below both long term moving average and also below descending trendline resistance. A short term drop below our entry at 151.616 where we have 78.6% Fibonacci retracement towards our take profit at 149.977 where we have 50% Fibonacci retracement at the graphical overlap support could be possible. Any...
USDJPY Facing Bullish Pressure | 22 July 2021
Following a bullish breakout of the descending trendline, price is likely to take support at the 1st support level which is also in line with descending trendline, 38.2% Fibonacci extension level and 38.2% Fibonacci retracement level. Price is then expected to rise up to the take profit level at 110.343...