NZDUSD facing bearish pressure|9th July 2021

Prices are facing bearish pressure and is facing resistance from horizontal pullback resistance in line with 50% Fibonacci retracement and 78.6% Fibonacci extension . Prices might push down towards 161.8% Fibonacci extension Fibonacci confluence . If prices continue to push up, prices might face resistance from horizontal pullback resistance in...

Breakout Identified in AUDUSD

The Breakout Opportunities system has just sold AUDUSD at 0.74157. The system recommends entering this trade at any price between 0.74015 and 0.74289. The signal was issued because the AUDUSD has broken its 24-hour low while our Speculative Sentiment Index was at 1.23023, suggesting that the AUDUSD may have further...

Market Quick Take – July 9 2021

Asian and U.S. stocks traded lower overnight, thereby extending Thursday's losses on growing concerns that the spread of Covid-19 variants could hamper the global economic recovery. Treasuries traded lower ahead of auctions next week, but yields are still on course for one of the biggest weekly slides in a year....

EURUSD approaching support, potential for bounce|8th July 2021

EURUSD is approaching horizontal swing low support in line with 127.2% Fibonacci retracement and 61.8% Fibonacci extension . Prices might push up towards horizontal pullback resistance in line with 61.8% Fibonacci retracement and 78.6% Fibonacci 61.8%extension. If prices continue to push downwards, prices might bounce from 161.8% Fibonacci retracement and...

GBPUSD bouncing from support | 8th July 2021

GBPUSD is bouncing from Buy Entry, in line with 78.6% Fibonacci retracement , 61.8% Fibonacci extension and horizontal overlap support. We could see further upside from here towards Take Profit level, in line with 100% Fibonacci extension and horizontal swing high resistance. RSI is also approaching ascending trendline support. Any...