GBPJPY broke out of descending trendline resistance and is currently taking support on horizontal swing low support in line with 38.2% Fibonacci retracement and 78.6% Fibonacci extension. Prices might push up towards horizontal swing high resistance in line with 78.6% Fibonacci extension and 61.8% Fibonacci retracement. If prices push down, prices might take...
CADCHF has seen a bullish breakout from the descending trendline resistance-turned-support, and RSI is holding above the ascending trendline support as well. We could see a bounce at Buy Entry, in line with 38.2% Fibonacci retracement, 61.8% Fibonacci extension and horizontal overlap support, and rise towards 1st Resistance, in line with horizontal swing high...
EURGBP is facing bearish pressure as it continues to hold below moving average resistance. A break and close below Sell Entry, in line with horizontal swing low support, 61.8% Fibonacci retracement and 61.8% Fibonacci extension, could see price swing towards 1st Support, in line with horizontal swing low support and 127.2% Fibonacci extension.
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NZDJPY is facing bullish pressure as it holds above moving average support and MACD holds above 0 line. We could see further upside above Buy Entry, in line with 50% Fibonacci retracement, 78.6% Fibonacci extension, and horizontal pullback support, towards Take Profit, in line with 78.6% Fibonacci retracement, 78.6% Fibonacci extension, and horizontal pullback...
AUDUSD holding below descending trendline resistance. A further drop below 38.20% Fibonacci retracement and our entry at 0.75548 towards Fibonacci confluence zone at 0.74333 could be possible. Our Fibonacci confluence zone finds -61.8% Fibonacci retracement and 61.89% Fibonacci extension levels lining up nicely as well. Technical indicators are also showing room...
GBPJPY holding below descending trendline resistance. A short-term drop below 38.20% Fibonacci retracement and our sell entry at 153.213 towards graphical overlap support at 152.469 could be possible. Technical indicators showing room for further downside pressure as well.
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GBPNZD facing bullish pressure from ascending trendline support, horizontal pullback support, 50% Fibonacci retracement, and 78.6% Fibonacci extension. Prices might push up towards horizontal pullback resistance in line with 78.6% Fibonacci retracement and 100% Fibonacci extension. If prices push down further, prices might take support on horizontal overlap in...
EURNZD is approaching support in line with horizontal swing low support, 38.2% Fibonacci retracement, and 100% Fibonacci extension. Prices might push up towards horizontal swing high resistance in line with 100% Fibonacci extension and 88% Fibonacci retracement. If prices push down, prices might take support on horizontal pullback support in line with 50%...
GBPCAD is approaching 1st support which is our horizontal overlap support in line with 50% Fibonacci retracement and 61.8% Fibonacci extension. Prices might push up towards horizontal swing high resistance in line with 78.6% Fibonacci retracement and 78.6% Fibonacci extension. If prices continue to push down, prices might take support on horizontal swing low...
EURCAD is approaching Buy Entry, in line with 38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap support, and moving average support. We could see a bounce and further rise towards Take Profit level, in line with 127.2% Fibonacci extension and horizontal swing high resistance. Price is also holding above moving average, showing signs of...
CADCHF has seen a bearish breakout from the ascending trendline support-turned-resistance, and is now holding below the descending trendline and Ichimoku cloud resistances. We could see a potential reversal at Sell Entry, in line with 50% Fibonacci retracement, 78.6% Fibonacci extension and horizontal pullback resistance, and further drop towards Take Profit...
GBPAUD is facing bullish pressure, as it continues to hold above ascending trendline and moving average support, in line with our bullish bias. We could potentially see price bounce at Buy Entry, in line with 23.6%, 38.2% Fibonacci retracement, 61.8% Fibonacci extension and horizontal pullback support, and rise towards Take Profit, in line with 100% Fibonacci...
XAUUSD is in the bearish area as per the daily chart on the left. Furthermore, the hourly has been savaged to the downside. However, the RSI puts the hourly firmly in oversold territory. This skews the risk:reward profile as the oscillator is likely to normalise in the near term. We note that bounces may very well be targeted by shorts, especially if the NFP...
GBPUSD is holding below long term descending trendline. However, price is right now testing a key support level at
1.38590. We see a possible scenario where price will face bullish pressure above this support for a strong intraday bounce towards Fibonacci confluence zone at 1.38998. Our Fibonacci confluence zone has both 61.8% Fibonacci extension and 50% Fibonacci...
USDCAD holding above ascending trendline support with technical indicators showing room for further bullish momentum. A further push up above our entry at 1.23224 towards Fibonacci confluence zone where we have both 61.8% Fibonacci extension and -61.8% Fibonacci retracement lining up at 1.24033 could be possible. MACD is looking to cross above the 0 level which...
EURNZD facing bullish pressure from ascending trendline support in line with 38.2% Fibonacci retracement and 61.8% Fibonacci extension. Prices might push up towards horizontal pullback resistance in line with 61.8% Fibonacci retracement as well as 78.6% Fibonacci extension. If prices continue to push down, prices might take support on horizontal pullback support...
Prices are approaching resistance level in line with horizontal overlap resistance and 38.2% Fibonacci retracement. If prices push down, prices might take support on horizontal overlap support in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension. If prices push up, prices might face resistance from 127.2% Fibonacci extension as well as 78.6%...
AUDUSD is approaching resistance level in line with horizontal swing high resistance in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension. Prices might push down towards horizontal overlap support in line with 61.8% Fibonacci retracement and 100% Fibonacci extension. If prices continue to push up, prices might face resistance from horizontal...
