USDJPY is reversing from Sell Entry, in line with 78.6% Fibonacci retracement and 78.6% Fibonacci extension, where we could see further downside towards our Take Profit level, in line with 38.2% Fibonacci retracement and horizontal pullback support. Stochastics is also testing the resistance where price has reversed from before, showing potential bearish pressure...
The Breakout Opportunities system has just bought GBPJPY at 153.688. The system recommends entering this trade at any price between 153.094 and 153.908. The signal was issued because the GBPJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.223, suggesting that the GBPJPY may have further to rise. A stop-loss has been set at the...
The Breakout Opportunities system has just bought EURJPY at 131.392. The system recommends entering this trade at any price between 131.058 and 131.542. The signal was issued because the EURJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.256, suggesting that the EURJPY may have further to rise. A stop-loss has been set at the...
EURNZD has shown a bullish breakout from the descending trendline resistance-turned-support and is now holding above the ascending trendline and moving average support. We could see further upside above Buy Entry, in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension, towards Take Profit, in line with 127.2% Fibonacci extension and horizontal...
Prices are approaching 78.6% Fibonacci retracement and 78.6% Fibonacci extension fibonacci confluence . Prices might reverse and push down towards horizontal swing low support in line with 127.2% Fibonacci extension and 161.8% Fibonacci retracement. If prices continue to push up, prices might face resistance from horizontal swing high resistance in line with...
NZDJPY is approaching pivot in line with horizontal overlap support in line with 50% Fibonacci retracement and 100% Fibonacci extension. Prices might push up towards horizontal swing high resistance in line with 50% Fibonacci retracement and 78.6% Fibonacci extension. If prices continue to push down, prices might take support from horizontal swing low support in...
AUDJPY pushing higher, coming close to descending trendline resistance and 50% Fibonacci retracement. A short-term intraday drop below our entry at 0.93302 towards our take profit at 0.92616 could be possible. Our take profit is a strong confluence zone where we have a graphical swing low support and multiple key Fibonacci levels lining up. MACD is below 0 with no...
AUDJPY is facing bullish pressure above 38.2% Fibonacci retracement level and our entry at 82.905. With technical indicators showing room for further bullish momentum, a further push up towards our take profit at 84.070 could be possible. Our take profit also falls in line with 78.6% and -61.8% Fibonacci retracement, along with a graphical overlap resistance.
Any...
FXCM's NAS100 is in the bullish area on the daily chart on the left. The hourly EMAs and stochastic are in bullish mode but each is showing a convergence/loss of momentum. If the EMAs are able to switch to diverging, developing angle, and separation, it may indicate that the short-term traders are starting to align with the daily. A movement of stochastic to 80...
Prices are approaching ascending trendline support as well as horizontal swing low support in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. Prices might push up towards horizontal swing high resistance in line with 88% Fibonacci retracement and 127.2% Fibonacci extension. If prices continue to push down, prices might take support from...
The Breakout Opportunities system has just sold GBPJPY at 151.565. The system recommends entering this trade at any price between 151.346 and 152.052. The signal was issued because the GBPJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.467, suggesting that the GBPJPY may have further to fall. A stop-loss has been set at the 24-hour...
The Congestion Opportunities Strategy has just bought EURJPY at 130.179. The system recommends entering this trade at any price between 130.018 and 130.34. The signal was issued because the 28-hour Relative Strength Index indicates that the EURJPY may be overbought, while the Speculative Sentiment Index reading of 1.029 indicates that trader sentiment is not at...
GBPCHF is approaching horizontal overlap support in line with 50% Fibonacci extension and 50% Fibonacci retracement. Prices might push up towards horizontal swing high resistance in line with 50% Fibonacci extension. If prices continue to push down, prices might take support on horizontal swing low support in line with 61.8% Fibonacci retracement and 127.2%...
EURGBP approaching descending trendline resistance. A short-term drop below 78.6% Fibonacci retracement and our entry at 0.86108 towards our take profit and 61.8% Fibonacci retracement at 0.85665 could be possible. Our take profit level is also in line with graphical overlap support. Stochastic is also reacting below resistance where price pulled back in the...
AUDUSD dropped quickly and made new lows. With price now trading sideways and consolidation, it could be a signal that price is looking for a short-term reversal. A break and close above our buy entry and 23.6% Fibonacci retracement level at 0.75479 will see a renewed push higher towards graphical overlap resistance and 61.8% Fibonacci retracement level at...
NZDCAD has shown a bullish breakout from the descending trendline resistance-turned-support and is now holding above the moving average support. We could see a bounce at Buy Entry level, in line with 38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal pullback support and moving average support, and further upside towards Take Profit level, in line...
NZDCHF has shown a bullish breakout from the descending trendline resistance, where we could see a bounce from the Buy Entry level, in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. Price could rise further towards Take Profit level, which is in line with 61.8% Fibonacci extension and horizontal swing high resistance. Price is also holding...
AUDUSD is in the bearish area on the daily chart on the left. However, we note that the RSI is below 20 and oversold, which may lead to a normalisation of the oscillator reading. In this regard, the hourly chart on the right shows the stochastic in bullish mode and the EMAs attempting to golden cross. There is overhead resistance around the 0.76-0.7620 area (blue...
