GBPJPY is holding above the ascending trendline. Price is facing bullish pressure above our entry at 150.952. Short term bounce towards our take profit at 152.447 could be possible. Our take profit level is line with 78.6% Fibonacci retracement . Technical indicators MACD and EMA are showing room for further upside.
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Price is holding above the 21 EMA showing a significant bullish continuation. Price is expected to move upwards from the pivot level in line with the 78.6% Fibonacci extension and 61.8% Fibonacci retracement to the take profit level which is in line with the 127.2% Fibonacci extension . Our bullish bias is further supported by the Ichimoku cloud where price is...
Price is retesting the breakout trendline, showing a potential upside for AUDUSD . Price is expected to bounce up from the pivot level, in line with the 127.2% Fibonacci extension , and push towards the take profit level which is in line with the 61.8% Fibonacci retracement . Our bullish bias is further supported by the price holding above the 50 period MA
Any...
Price is retesting the trendline breakout at our pivot level at 109.730 which is in line with 61.8% Fibonacci retracement level, 61.8% Fibonacci extension level and trendline support. Price could potentially swing towards resistance at 110.44, which is in line with 78.6% Fibonacci retracement level and 100% Fibonacci extension level.
Alternatively, price may drop...
Price is approaching pivot level at 1.37725 which is in line with 61.8% Fibonacci retracement level , 78.6% Fibonacci extension and descending trendline resistance. Price may potentially drop to support at 1.36020 which is in-line with 100% Fibonacci retracement , 78.6% Fibonacci extension level and swing low support. Stochastic is also indicating negative...
The FXCM JPYBASKET has been consolidating since march on the weekly timeframe (blue rectangle). Two weeks ago, the basket made a concerted effort to break above its black 30-week EMA. However, this has not been convincing and price fell back to the EMA last week. We are looking to see if it is able to maintain its bullish momentum. If the basket is able to stay...
GBPUSD holding below long term descending trendline. With price holding below graphical overlap resistance and 61.8% Fibonacci retracement , a short term drop below our entry at 1.38000 towards graphical swing low and our take profit at 1.36051 can be expected. Stochastic is testing resistance where price pulled back lower in the past as well.
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Price is reaction insde our pivot level at 47,786 which is in line with 61.8% Fibonacci retracement level, 61.8% Fibonacci extension level and ascending trendline support. Price could potentially bounce towards resistance at 49,720.60 which is in-line with 78.6% Fibonacci retracement level and 61.8% Fibonacci extension level. Stochastic has also further bullish...
UKOIL holding below long term descending trendline resistance. A further drop below our entry zone at 72.57 towards our take profit level at 69.54 could be likely. Our entry zone has a strong Fibonacci confluence level where we have both the 100% Fibonacci extension and 78.6% Fibonacci retracment level lining up. Stochastics is reacting below resistance where...
AUDUSD holding below long term descending trendline resistance. A short term drop below graphical overlap resistance where we also have 78.6% Fibonacci retracement could be possible. Sellers may look to short around the 0.73228 region with possible downside target at our take profit level of 0.72223. Stochastics is testing resistance where price pulled back in the...
USDCAD holding above ascending trendline support. It is possible to look for an entry around the 1.25809 region where we have 78.6% FIbonacci retracement and graphical overlap support level with a potential target at the recent swing high and take profit at 1.27216. Stochastic is approaching support where price bounced in the past as well.
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Price is retesting the trendline breakout at our pivot level at 109.730 which is in line with 61.8% Fibonacci retracement level, 61.8% Fibonacci extension level and trendline support. Price could potentially swing towards resistance at 110.44, which is in line with 78.6% Fibonacci retracement level and 100% Fibonacci extension level.
Alternatively, price may drop...
Price is reacting below our pivot level at 0.70080 which is in line with 78.6% Fibonacci retracement level and 61.8% Fibonacci extension level. Price could potentially drop to support at 0.69380 which coincides with 38.2% Fibonacci retracement level and 61.8% Fibonacci extension level. Stochastic is also at resistance level where previous drops...
Price is reaction insde our pivot level at 1,816.07 which is in line with -27.2% Fibonacci retracement level, 61.8% Fibonacci extension level and trendline resistance. Price could potentially drop towards support at 1,800 which is in-line with 23.6% Fibonacci retracement level, 78.6% Fibonacci extension level and ascending trendline support. RSI is also at...
GBPJPY holding above ascending trendline support. With technical indicators showing room for further bullish upside, a further push up above our entry at 151.180 towards -27.20% Fibonacci retracement and take profit level at 151.926 could be expected.
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USDCAD Facing bullish pressure above our pivot at 1.26349. A breakout to the upside will see price push towards 1st resistance at 1.27643 could be possible. Stochastics is reacting above support where price bounced in the past as well.
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AUDUSD facing bullish pressure. With technical indicators showing room for further bullish momentum, a further push up above our entry at 0.72438 towards our take profit at 0.73234 and graphical overlap resistance could be possible.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are...
Price has broken the descending trendline resistance for both the H4 and the weekly chart, this signifies a bullish momentum Price is expected to be moving towards the take profit level in line with the 127.2% Fibonacci extension level. Our bullish bias is further supported by the MACD reacting above the zero line, MACD line crossing above the signal line and...
