Prices are facing bearish pressure from descending trendline resistance, which is in line with 61.8% fibonacci extension and retracement, where we could see a further drop below this level towards our Take profit.
Breakout Identified in USDJPY
The Breakout Opportunities system has just sold USDJPY at 107.815. The system recommends entering this trade at any price between 107.697 and 107.914. The signal was issued because the USDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 2.357, suggesting that the USDJPY may have further...
GBPAUD facing bearish pressure | 22th Apr 2021
Prices are facing bearihs pressure from pullback resistance, in line with 78.6% Fibonacci retracement and 100% Fibonacci extension . Prices might push down towards 1st support which is in line with 78.6% Fibonacci retracement and horizontal swing low support. If prices push up further, prices might face resistance from 78.6%...
GBPAUD facing bearish pressure | 22th Apr 2021
Prices are facing bearihs pressure from pullback resistance, in line with 78.6% Fibonacci retracement and 100% Fibonacci extension. Prices might push down towards 1st support which is in line with 78.6% Fibonacci retracement and horizontal swing low support. If prices push up further, prices might face resistance from 78.6% Fibonacci...
NZDJPY is facing bearish pressure | 22 Apr 2021
Prices are facing bearish pressure from our resistance and descending trend line where we could see a further drop below this level. Ichimoku cloud and EMA are showing signs of bearish pressure as well in line with our bearish bias.
NZDJPY is facing bearish pressure | 22 Apr 2021
Prices are facing bearish pressure from our resistance and descending trend line where we could see a further drop below this level. Ichimoku cloud and EMA are showing signs of bearish pressure as well in line with our bearish bias.
Breakout Identified in EURUSD
The Breakout Opportunities system has just bought EURUSD at 1.20408. The system recommends entering this trade at any price between 1.20302 and 1.20555. The signal was issued because the EURUSD has broken its 24-hour high while our Speculative Sentiment Index was at -2.31365, suggesting that the EURUSD may have further...
CADCHF facing bearish pressure | 21st Apr 2021
CADCHF facing bearish pressure from descending trendline resistance which is in line with horizontal swing high resistance, 50% Fibonacci retracement, and 78.6% Fibonacci extension. Prices might push down further towards horizontal swing low support which coincides with 161.8% Fibonacci retracement. If prices push up further, prices might face resistance from...
CADCHF facing bearish pressure | 21th Apr 2021
CADCHF facing bearish pressure from descending trendline resistance which is in line with horizontal swing high resistance, 50% Fibonacci retracement, and 78.6% Fibonacci extension. Prices might push down further towards horizontal swing low support which coincides with 161.8% Fibonacci retracement. If prices push up further, prices might face resistance from...
EURCAD is approaching support, potential bounce | 21 Apr 2021
Price is approaching our support where we could see a bounce above this level. Ichimoku cloud and EMA are showing signs of bullish pressure as well.