USDCNH broke below ascending trendline support (now resistance). Price has also tested and pulledback below this trendline resistance. A further drop below our entry and Key 61.8% Fibonacci retracement level at 6.40076, with a possible downside target at 6.37686 could be possible. Our take profit at 6.37686 is also in...
AUDJPY Approaching Support | 9th June 2021
AUDJPY approaching ascending trendline support and key Fibonacci retracement level at 84.531. We see a possible bounce above this level towards graphical swing high and -61.8% Fibonacci retracement at 85.171. RSI is also approaching support where price bounced in the past. Any opinions, news, research, analyses, prices, other information, or...
Breakout Identified in GBPJPY | 9th June 2021
The Breakout Opportunities system has just bought GBPJPY at 155.067. The system recommends entering this trade at any price between 154.939 and 155.293. The signal was issued because the GBPJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.493, suggesting that the GBPJPY may have further...
FXCM’s CASINO Basket Hourly Stochastic Nearing Momentum Push
FXCM's CASINO basket 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. A movement of stochastic to 80 level and maintenance of that level (blue arrow) increase the chance of a successful trade. Trend following indicators may be...
NAS100 Daily In Bullish Area, Hourly Stochastic Still to Comply
NAS100 is in the bullish area on the daily chart on the left. The hourly EMAs on right are in a bullish formation; now looking to see if stochastic crosses, potentially aligning short-term traders with the daily. If a signal occurs, movement of stochastic to 80 level and maintenance of that level increases the chance of...
USOIL hourly oscillators move into bullish position
USOIL is in the bullish area on the daily chart on the left. The bullish crosses of EMAs and stochastic potentially align short-term traders with the daily. We are looking to see if the EMAs develop angle and separation. If so, a movement of stochastic to 80 level and maintenance...
SPX500 Turns Bullish on Hourly
SPX500 is in the bullish area on the daily chart on the left. The bullish crosses of EMAs and stochastic potentially align short-term traders with the daily. A movement of stochastic to 80 level and maintenance of that level increase chance of a successful trade. Trend following indicators may be useful in this case as a potential exit tool....
EURUSD might face continuous bearish pressure |7th June 21
EURUSD is facing continuous bearish pressure. A further drop is expected if prices break through the 161.8% Fibonacci extension and the 50% Fibonacci retracement . If prices continue to push down, a possible take-profit target would be at horizontal swing low support in line with 61.8% Fibonacci extension and 127.2%...
EURGBP approaching resistance|7th June 2021
EURGBP is approaching descending trendline resistance in line with horizontal pullback resistance, 78.6% Fibonacci retracement , and 100% Fibonacci extension . Prices might push down towards horizontal swing low support in line with 127.2% Fibonacci retracement . If prices push up further, prices might face resistance from horizontal swing high...
Breakout Identified in AUDJPY | 7th June 2021
The Breakout Opportunities system has just bought AUDJPY at 84.798. The system recommends entering this trade at any price between 84.678 and 84.952. The signal was issued because the AUDJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.229, suggesting that the AUDJPY may have further...