The Breakout Opportunities system has just sold AUDUSD at 0.74157. The system recommends entering this trade at any price between 0.74015 and 0.74289. The signal was issued because the AUDUSD has broken its 24-hour low while our Speculative Sentiment Index was at 1.23023, suggesting that the AUDUSD may have further to fall. A stop loss has been set at the 24-hour...
USDCAD currently on a uptrend. A further push up above 38.2% Fibonacci retracement at 1.25176 towards long term graphical swing high at 1.26348 could be possible. At our take profit, we also have a strong Fibonacci confluence zone where 161.8% Fibonacci extension and -27.20% Fibonacci retracement levels are lining up. Technical indicators such as moving average...
EURUSD is approaching horizontal swing low support in line with 127.2% Fibonacci retracement and 61.8% Fibonacci extension . Prices might push up towards horizontal pullback resistance in line with 61.8% Fibonacci retracement and 78.6% Fibonacci 61.8%extension. If prices continue to push downwards, prices might bounce from 161.8% Fibonacci retracement and 100%...
GBPUSD is bouncing from Buy Entry, in line with 78.6% Fibonacci retracement , 61.8% Fibonacci extension and horizontal overlap support. We could see further upside from here towards Take Profit level, in line with 100% Fibonacci extension and horizontal swing high resistance. RSI is also approaching ascending trendline support.
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The Breakout Opportunities system has just sold AUDJPY at 82.468. The system recommends entering this trade at any price between 82.324 and 82.685. The signal was issued because the AUDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.228, suggesting that the AUDJPY may have further to fall. A stop loss has been set at the 24-hour high...
Price is approaching resistance at 1.69097 where we may potentially see price push down towards 61.8% and 78.6% Fibonacci Extension . If price continue to bounce from the pivot , we would see It swing towards 78.6% Fibonacci Retracement and 100% Fibonacci Extension
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GBPJPY is approaching horizontal swing low support in line with 50% Fibonacci retracement and 78.6% Fibonacci extension . Prices might push up towards horizontal swing high resistance in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension . If prices continue to push down, prices might take support on horizontal swing low support in line with 78.6%...
CHFJPY is facing bullish pressure as it holds above moving average and ascending trendline support. We could see a bounce at Buy Entry, in line with 38.2% Fibonacci retracement and 78.6% Fibonacci extension , and further rise towards Take Profit, in line with 78.6% Fibonacci extension and horizontal swing high resistance.
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USDCAD is facing bullish pressure as it holds above the moving average and ascending trendline support. We could see price bounce at Buy Entry, in line with 38.2% Fibonacci retracement , 61.8% Fibonacci extension and horizontal pullback support, and further rise up above ascending trendline support, towards Take Profit, in line with 78.6% Fibonacci extension and...
Prices are approaching support which is in line with horizontal swing low support, 61.8% Fibonacci retracement and 161.8% Fibonacci extension . Prices might push up towards horizontal overlap resistance in line with 100% Fibonacci extension . If prices push down, prices might take support on horizontal swing low support in line with 100% Fibonacci extension and...
GBPCAD approaching horizontal swing high resistance in line with 50% Fibonacci retracement and 78.6% Fiboancci retracement. Prices might push down towards horizontal swing low support in line with 78.6% Fibonacci extension . If prices continue to push up, prices might face resistance from 78.6% Fibonacci retracement and 161.8% Fibonacci extension . Ichimoku cloud...
GBPNZD Broke below ascending trendline support, now resistance. A further drop below 50% Fibonacci retracement at 1.97756 towards graphical swing low and -27.20% Fibonacci retracement level at 1.96714 could be possible. Stochastic is testing resistance as well where price dropped lower in the past.
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EURAUD Facing bullish pressure above ascending trendline support and also graphical overlap support where we have 38.2% Fibonacci retracement. A short-term intraday bounce above our entry at 1.58516 towards -27.2% Fibonacci retracement at 1.59000 could be possible. Technical indicators are showing room for further bullish momentum as well. Prices are approaching...
Peak and trough analysis on the monthly chart puts gold in a downtrend. The weekly chart is also at a key level when considering the triple moving average system. Moreover, it has an extremely strong inverse correlation with the USDOLLAR on the daily timeframe. Given this, the NFP print tomorrow is likely to impact on gold as the USDOLLAR reacts to the release....
EURCAD holding above long-term ascending trendline support. A break and a close above 38.2% Fibonacci retracement and our entry at 1.47051 will see price possibly push higher towards graphical overlap resistance and 61.8% Fibonacci retracement at 1.47342. The stochastic indicator is also testing ascending trendline support where price bounced in the past.
Any...
AUDNZD holding below the descending trendline. Having broken below the recent graphical swing low, a further drop below 23.6% Fibonacci retracement at 1.07266 towards long term 61.8% Fibonacci retracement at 1.06818 could be possible. Technical indicators are showing room for further bearish momentum as well.
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AUDJPY is facing bearish pressure. Prices might continue to drop upon breaking through support level in line with 50% Fibonacci retracement and 78.6% Fibonacci extension Fibonacci confluence area. Prices might drop towards support level in line with 78.6% Fibonacci retracement and -27.2% Fibonacci retracement Fibonacci confluence area. If prices bounce from our...
Prices are appraoching resistance in line with 127.2% Fibonacci retracement and 61.8% Fibonacci extension Fibonacci confluence . Prices might push down towards horizontal pullback support in line with ascending trendline resistance, 61.8% Fibonacci retracement, and 78.6% Fibonacci extension. If prices continue to push up, prices might face resistance from 161.8%...
