EURCAD reacted off graphical swing low support. Technical indicators are also showing room for further bullish momentum. Price is now above moving average and MACD looks ready to cross over the 0 line signaling a buildup of bullish pressure. A short-term intraday push above 1.47308 towards Fibonacci confluence zone and graphical overlap resistance at 1.47557 could...
The Congestion Opportunities Strategy has just bought EURJPY at 130.862. The system recommends entering this trade at any price between 130.714 and 131.01. 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 -1.071 indicates that trader sentiment is not at...
The Congestion Opportunities Strategy has just bought GBPJPY at 152.549. The system recommends entering this trade at any price between 152.36 and 152.738. The signal was issued because the 28-hour Relative Strength Index indicates that the GBPJPY may be overbought, while the Speculative Sentiment Index reading of 1.246 indicates that trader sentiment is not at...
EURAUD is currently at our buy entry level which is in line with horizontal pullback support in line with 61.8% Fibonacci retracement and 161.8% Fibonacci extension. Prices might push up towards -27.2% Fibonacci retracement and 127.2% Fibonacci retracement Fibonacci confluence zone. If prices push past buy entry, prices might take support from horizontal swing low...
GBPCHF is facing bullish pressure as it continues to hold above the ascending trendline and moving average support, in line with our analysis. We could see a bounce at Buy Entry, in line with 38.2% Fibonacci retracement, 127.2% Fibonacci extension, horizontal swing low support and ascending trendline support, and further upside towards Take Profit, in line with...
EURGBP is facing bearish pressure as it holds below the Ichimoku cloud resistance and Buy Entry area, which is an area of Fibonacci confluence with 38.2% Fibonacci retracement, 61.8% Fibonacci extension, and horizontal pullback resistance level. We could see further downside below this level towards Take Profit, in line with 78.6% Fibonacci extension and...
CADCHF facing bullish pressure from ascending trendline support, horizontal swing low support in line with 100% Fibonacci extension, and 61.8% Fibonacci retracement. Prices might push up towards horizontal swing high resistance in line with 100% Fibonacci extension. If prices push down further, prices might take support on horizontal swing low support in line with...
GBPCAD broke out of a sideways range to the upside. With price holding above ascending trendline support, we expect price to face further bullish pressure above 38.2% Fibonacci retracement and entry at 1.71788. With a possible upside target at Fibonacci confluence zone at 1.72936. MACD is above 0, showing room for further bullish pressure as well.
Any opinions,...
The EURUSD is in the bearish area on the daily chart on the left. Moreover, the expansion in the red Bollinger bands shows a sharp increase in its volatility. This, on the back of the FOMC release yesterday and the dot plot showing that current expectations are for 2 rate hikes before the end of 2023. A much more hawkish reading than the March dot plot which...
USOil is in the bullish area on the daily chart on the left. The hourly EMAs and stochastic are in bullish mode and potentially align short-term traders with the daily. A movement of stochastic to 80 level and maintenance of that level (blue arrow) increase the chance of a successful trade. Trend following indicators may be useful in this case as a potential exit...
AUDJPY facing bearish pressure from descending trendline resistance, horizontal pullback resistance in line with 78.6% Fibonacci extension, and 61.8% Fibonacci retracement. Prices might push down towards horizontal swing low support in line with 78.6% Fibonacci extension. If prices push up, prices might face resistance from horizontal swing high resistance in line...
GBPUSD is approaching pivot level in line with horizontal pullback support in line with 127.2% Fibonacci extension and 161.8% Fibonacci retracement. Prices might push up towards horizontal pulllback resistance in line with 61.8% Fibonacci retracement and 127.2% Fibonacci extension. If prices push down further, prices might take support from horizontal swing low...
AUDNZD is approaching sell entry, in line with 50% Fibonacci retracement and 78.6% Fibonacci extension, where we could see a reversal and downside towards Take Profit, in line with 61.8% Fibonacci extension and horizontal swing low support. MACD and moving average are showing signs of bearish pressure as well.
Any opinions, news, research, analyses, prices, other...
GBPJPY is facing bullish pressure as it holds above the ascending trendline support and Stochastics has also bounced from the support where price has reacted in the past. We could see a further rise towards Take Profit level, in line with 78.6% Fibonacci extension and horizontal swing high resistance, above Buy Entry level, in line with 78.6% Fibonacci retracement...
NZDCHF has broken out of descending trend line resistance in line and is pushing up towards horizontal swing high resistance in line with 161.8% Fibonacci retracement and 161.8% Fibonacci extension. If prices push past buy entry, prices might continue to push up towards horizontal swing high resistance in line with 61.8% Fibonacci retracement. If prices reverses...
GBPAUD is approaching horizontal pullback resistance in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. Prices might pull back towards horizontal swing low support in line with 61.8% Fibonacci extension and ascending trendline support. If prices continue to push up further, prices might face resistance from horizontal swing high resistance in...
The Congestion Opportunities Strategy has just bought EURUSD at 1.19936. The system recommends entering this trade at any price between 1.19809 and 1.20063. The signal was issued because the 28-hour Relative Strength Index indicates that the EURUSD may be overbought, while the Speculative Sentiment Index reading of -1.47206 indicates that trader sentiment is not...
The Tidal Shift Strategy has just sold AUDUSD at 0.76137. The system recommends entering this trade at any price between 0.75994 and 0.7628. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at -1.13735, which suggests that the AUDUSD could be trending downwards. The 14-period...
