Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 147.87, which is an overlap resistance level that aligns with the 61.8% Fibo retracement.
Our take profit will be at 146.75, a swing-low support level.
The stop loss will be placed at 148.85, above the swing resistance level.
High Risk Investment Warning
Trading...
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 0.8655, which is a pullback resistance that aligns with a 38.2% Fibo retracement.
Our take profit will be at 0.8575, a pullback support level.
The stop loss will be placed at 0.8736, above a swing high resistance level
High Risk Investment Warning
Trading Forex/CFDs...
AUD/JPY could fall towards a swing-low support and potentially bounce off this level to climb higher.
Buy entry is at 96.652 which is a swing-low support that aligns with the 100.0% Fibonacci projection level.
Stop loss is at 96.00 which is a level that sits under a swing-low support and the 127.2% Fibonacci extension level.
Take profit is at 97.748 which is a...
Silver (XAG/USD) could rise towards a pullback resistance and potentially reverse off this level to drop lower.
Sell entry is at 23.293 which is a pullback resistance that aligns with a confluence of Fibonacci levels i.e. the 50.0% retracement and the 61.8% projection.
Stop loss is at 23.720 which is a level that sits above an overlap resistance that aligns with...
Gold (XAU/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 2,005.85 which is a pullback support.
Stop loss is at 1,970.00 which is a level that sits under a swing-low support and the 100.0% Fibonacci projection level.
Take profit is at 2,039.21 which is a pullback resistance that aligns with...
The Kiwi (NZD/USD) ) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 0.60933 which is a pullback support.
Stop loss is at 0.60400 which is a level that sits under an overlap support and the 61.8% Fibonacci retracement level.
Take profit is at 0.61575 which is a pullback resistance that aligns...
CHF/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 169.819 which is a pullback support.
Stop loss is at 168.700 which is a level that sits under a pullback support.
Take profit is at 171.578 which is a pullback resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries...
USD/CAD could fall towards an overlap support and potentially bounce off this level to climb higher.
Buy entry is at 1.34259 which is an overlap support.
Stop loss is at 1.33300 which is a level that sits under a pullback support and the 50.0% Fibonacci retracement level.
Take profit is at 1.35486 which is an overlap resistance that aligns with the 61.8%...
The Aussie (AUD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.66133 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level.
Stop loss is at 0.66700 which is a level that sits above the 38.2% Fibonacci retracement level and a pullback resistance.
Take...
EURCHF is on a downtrend, it could reverse to the buy entry level before bouncing off this support level and rise to our take profit level.
Buy entry is at 0.94056 which is an overlap support level.
Stop loss is at 0.93585 which is a level that sits above an overlap resistance.
Take profit is at 0.94946 which is a pullback support that aligns closely with the...
EURJPY is trading close to an overlap support and could potentially break break this level and continue to descend to the take profit level.
Sell entry is at 160.439 which is an overlap support level.
Stop loss is at 161.737 which is a level that sits above a swing-high resistance.
Take profit is at 158.601 which is a swing-low support level.
High Risk...
EUR/GBP is trading close to a pullback support and could potentially break above a descending trendline to make a bullish rise to the upside.
Buy entry is at 0.85700 which is a potential bullish breakout level (wait for price to break through the descending trendline for confirmation).
Stop loss is at 0.85350 which is a level that sits under a pullback...
The Pound (GBP/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.27799 which is a pullback resistance that aligns close to the 100.0% Fibonacci projection level.
Stop loss is at 1.28470 which is a level that sits above the 127.2% Fibonacci extension level and a swing-high resistance.
Take...
USD/CHF is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 0.86383 which is an overlap support.
Stop loss is at 0.85800 which is a level that sits under a pullback support.
Take profit is at 0.87115 which is a pullback resistance that aligns with the 78.6% Fibonacci retracement level.
High Risk...
CAD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 109.115 which is a pullback support that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 107.890 which is a level that sits under a pullback support.
Take profit is at 110.384 which is a pullback resistance.
High Risk...
News commentary and technical analysis, every Tuesday & Thursday 10 minutes before Wall Street opens, by FXCM’s Senior Financial Editorial Writer Nikos Tzabouras
