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...
USDCAD Approaching resistance, potential for reversal | 28 June
USDCAD approaching Fibonacci confluence zone at our sell entry 1.23263. We find both 61.8% Fibonacci extension and 78.6% Fibonacci retracement at this zone. Below which price may face further bearish pressure. We see a possible drop towards graphical swing low and -27.2% Fibonacci retracement level at our take profit target...
AUDUSD approaching support, potential for bounce | 28 June 2021
Price is holding above ascending trendline support and also above moving average. A short-term intraday push up above 38.20% Fibonacci retracement and our entry at 0.75755 towards graphical swing high, Fibonacci confluence zone at our 0.76488 take profit level could be possible. Otherwise, breaking below our 618% Fibonacci retracement and...
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....
NZDUSD facing bullish pressure | 28th June 2021
NZDUSD is facing bullish pressure as it continues to hold above the ascending trendline and moving average supports. We could see further upside above the Buy Entry level, in line with 78.6% Fibonacci retracement, 61.8% Fibonacci extension, and horizontal swing low support, towards Take Profit level, in line with 78.6%...
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...
Possible trend shift in AUDUSD – going long
The Tidal Shift Strategy has just bought AUDUSD at 0.75884. The system recommends entering this trade at any price between 0.75778 and 0.7599. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -1.18557, which suggests that...
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...