EURAUD is above approaching buy entry, in line with 100% Fibonacci extension. Prices are expected to rally towards take profit, in line with 161.8% Fibonacci retracement and 61.8% Fibonacci extension. Alternatively, prices may fall to take support at stop loss, in line horizontal pullback support, and 50% Fibonacci retracement. EMA is holding below our prices and...
EURJPY is holding below horizontal swing high resistance, in line with descending trendline resistance, 61.8% Fibonacci retracement, and 100% Fibonacci extension. Prices are expected to fall to horizontal swing low support, in line with 100% Fibonacci extension. Alternatively, prices may increase top horizontal swing high resistance, in line with Fibonacci...
We have added a triple moving average system to determine the trendiness of XAUUSD. Green>orange>red is regarded as a bullish formation. When this is achieved with angle and separation (blue arrows) a price uptrend typically ensues. Current price action lacks clear direction in this regard. We note that the short-term green moving average has turned down. If...
FXCM's USBANKS basket is in the bearish area on the daily chart on the left. The basket is an equal weighting (20% each) of JPM, BAC, WFC and C. A bearish cross of the EMAs and stochastic potentially align short-term traders with the daily. If signals occur, movement of stochastic to 20 level and maintenance of that level increase the chances of a successful...
AUDUSD is in a long-term downtrend. A short-term drop below 23.6% Fibonacci retracement and our entry at 0.73362 towards the Fibonacci confluence zone at 0.72432 could be possible. Technical indicators are showing room for further bearish momentum as well. Price is below moving average and MACD is below 0.
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Price is facing bearish pressure and is likely to resist off horizontal overlap resistance which is in line with 61.8% Fibonacci extension. Price will then take support at 0.91631 which coincides with 88.7% Fibonacci retracement, 127.2 Fibonacci extensions as well as horizontal swing low support. Alternatively, the price could break the overlap resistance rise to...
Prices are reacting below the resistance level of 110.017, in line with descending trendline resistance, 78.6% Fibonacci retracement and 161.8% Fibonacci extension. Prices are expected to reverse off this level and take support at 109.064, in line with horizontal swing low support and 78.6% Fibonacci extension. Alternatively, if prices break above the trendline,...
EURAUD approaches resistance at 1.61218, in line with 161.8% Fibonacci retracement and 100% Fibonacci extension. Prices are expected to surpass this level and increase towards take profit, in line with -61.8% Fibonacci retracement and 161.8% Fibonacci extension. Alternatively, prices may reverse off and take support at stop loss, in line horizontal pullback...
Price is currently in descending wedge where we expect the price to swing towards descending trendline resistance at 1.18044. Both RSI and MACD indicate negative divergence where bearish price action could be limited and a potential bounce could occur. If the price continues to drop, it would swing towards support at lower trendline wedge .
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NZDUSD is in the bearish area on the daily chart on the left. The pair is taking a breather with the stochastic moving above 20. However, further angle and separation in the EMAs and a bearish cross of stochastic potentially reassert downward pressure. To this end, a movement of stochastic below the 20 level and maintenance of that level increase chances of...
AUDUSD is in the bearish area on the daily chart on the left. The pair is taking a breather with the stochastic moving above 20. However, further angle and separation in the EMAs and a bearish cross of stochastic potentially reassert downward pressure. To this end, a movement of stochastic below the 20 level and maintenance of that level increase chances of...
USDCAD is showing bullish pressure as price is above a Fibonacci confluence and also moving average at 1.26937, we may see price push further up towards the Take profit level at 1.28008.
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The Breakout Opportunities system has just sold AUDJPY at 81.294. The system recommends entering this trade at any price between 81.152 and 81.452. The signal was issued because the AUDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.517, suggesting that the AUDJPY may have further to fall. A stop-loss has been set at the 24-hour high...
USDCHF pushed higher. With technical indicators showing room for further bullish upside, a further push up above 23.6% Fibonacci retracement at 0.91840 towards graphical swing high resistance and -61.8% Fibonacci retracement at 0.92678 could be possible.
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NZDUSD is holding below short-term descending trendline resistance. A short-term drop below 61.8% Fibonacci retracement level and our sell entry at 0.70039 towards graphical swing low support and take profit level at 0.69652 could be possible. Technical indicators are showing room for further bearish drop as well.
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USDJPY is holding above short-term ascending trendline support. A short-term bounce reaction above 38.2% Fibonacci retracement and our entry at 109.964 towards graphical swing high resistance and 78.6% Fibonacci extension at 110.343 could be possible. Stochastic is testing support where price bounced in the past as well.
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GBPJPY is facing bullish pressure and is holding above horizontal swing low support, in line with 161.8% Fibonacci retracement and 100% Fibonacci extension. We expect prices to increase to horizontal overlap resistance, in line with 161.8% Fibonacci extension. Alternatively, if prices break below horizontal swing low support, it may face support at Fibonacci...
GBPUSD is facing bullish pressure and is likely to hold above horizontal swing low support, in line with -61.8% Fibonacci retracement and 127.2% Fibonacci extension. We expect prices to increase to horizontal swing high resistance, in line with 161.8% Fibonacci extension and 127.2% Fibonacci retracement. Alternatively, if prices break below horizontal swing low...
