USDCAD is facing bullish pressure above Fibonacci confluence zone where we find 50% and 61.8% Fibonacci retracement and a small graphical overlap support. A short term bounce above our buy entry at 1.20418 towards our take profit at 1.20808 could be likely. Our take profit also falls in line with...
EURNZD facing bullish pressure | 3rd June 2021
EURNZD is facing bullish pressure as it continues to hold above the ascending trendline and Ichimoku cloud support. We could potentially see a bounce at 61.8% Fibonacci retracement and 61.8% FIbonacci extension , and a further rise up to test 1st Resistance, in line with 100% Fibonacci extension and horizontal...
NZDCAD facing bearish pressure | 3rd June 2021
ZDCAD is approaching Sell Entry level, in line with 38.2% Fibonacci retracement , 78.6% Fibonacci extension and horizontal pullback resistance, where we could see a reversal and further downside towards 1st Support, in line with 78.6% Fibonacci extension , 88% Fibonacci retracement and horizontal pullback support. Price is also holding...
CADJPY facing bearish pressure, potential for further downside!
Prices are facing bearish pressure from 127.2% Fibonacci retracement and -27.2% Fibonacci retracement . Prices might push down towards horizontal swing low support in line with 100% Fibonacci extension and 50% Fibonacci retracement . If prices push up, prices might face resistance from 161.8% Fibonacci retracement and -61.8% Fibonacci retracement...
EURCAD facing short term bullish pressure potential for pullback
Prices are facing short term bullish pressure from horizontal swing low support in line with 78.6% Fibonacci retracement . Prices might push up towards horizontal pullback resistance in line with 78.6% Fibonacci retracement and 161.8% Fibonacci extension . If prices push down further, prices might take support from horizontal swing...
Looking For CHNTECH Bullish Signal On Hourly
CHNTECH is in the bullish area on the daily chart on the left. A bullish cross of EMAs and stochastic potentially align short-term traders with the daily. If signals occur, movement of stochastic to 80 level and maintenance of that level increase chance of a successful trade. Trend following indicators...
GBPUSD broke ascending support line, potential drop to 1.400
Price has broke a short term ascending support line triggering a potential drop to support at 1.4000. 1.4104 remains the key level to be broken as a downside confirmation to trigger a further move down because price has bounced from that level multiple times previously. It's worth noting that price...
NAS100 Hourly Setup Bullishly Pre Open
The left daily chart shows price in the bullish zone. The right chart shows hourly indicators moving into bullish positions.
XAUUSD Buy The Dip Opportunity?
The daily chart shows XAUUSD's upwards bias. The hourly indicators have turned bullish.
FX Update: Chop-fest for USD traders while euro firms again
Last week started with the US dollar seemingly set to extend lower after a weak April jobs report, but a US April CPI spike on Wednesday sent the action back in the opposite direction. This move then yielded to USD weakening into the end of last week on a rising...