GBPCAD facing bearish pressure|28th June 2021

Prices are approaching descending trendline resistance in line with 78.6% Fibonacci extension and 61.8% Fibonacci retracement Fibonacci confluence zone. Prices might push down towards horizontal swing low support in line with 61.8% Fibonacci extension. if prices push up, prices might face resistance from horizontal swing high resistance in line with...

USDJPY potential for bounce|28th June 2021

USDJPY is facing bullish pressure from ascending trendline support in line with 78.6% Fibonacci retracement and 61.8% Fibonacci extension. Prices might push up towards horizontal swing high resistance in line with -27.2% Fibonacci retracement and 100% Fibonacci extension. If prices continue to push downwards, prices might take support from horizontal...

CADCHF testing Sell Entry | 28th June 2021

CADCHF is testing the Sell Entry level, in line with 61.8% Fibonacci retracement, 78.6% Fibonacci extension, and horizontal overlap resistance, where we could see a reversal and further downside towards Take Profit, in line with 50% Fibonacci retracement, 61.8%, 127.2% Fibonacci extension and horizontal swing low support. Stochastics is also...

GBPUSD facing bearish pressure | 28th June 2021

GBPUSD is facing bearish pressure as it holds below the descending trendline resistance and moving average resistance. We could see further downside below Pivot, in line with 50% Fibonacci retracement and descending trendline resistance, towards Take Profit, in line with 78.6% Fibonacci retracement, 78.6% Fibonacci extension, and horizontal pullback support....

Breakout Identified in EURJPY

The Breakout Opportunities system has just bought EURJPY at 132.423. The system recommends entering this trade at any price between 132.345 and 132.575. The signal was issued because the EURJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.747, suggesting that the EURJPY may have further...

GBPJPY facing bearish pressure | 25 June 2021

GBPJPY holding below descending trendline resistance and moving average. A short-term intraday drop below our entry at 154.608 and 61.8% Fibonacci retracement towards graphical swing low support, 61.8% Fibonacci retracement, and our take profit at 153.830 could be possible. Stochastic is holding below descending trendline resistance showing that price is...