Price is approaching above pivot level at 1.36427 which is in line with 50% Fibonacci retracement level and 100% Fibonacci extension . Price may potentially drop towards our support at 1.36750, which coincides with 38.2%, 50% Fibonacci retracement level and 20EMA. Stochastic is also at descending trendline resistance where previous drops occurred.
Alternatively,...
GBPAUD holding below descending trendline resistance. With technical indicators showing room for further bearish momentum, a short term drop below our entry at 1.90225 towards our profit level where we have long term 61.8% Fibonacci retracement at 1.89122 could be possible.
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Price level just bounced off the pivot level and price is expected to rise upwards to the previous swing high in line with the 78.6% Fibonacci retracement and 61.8% Fibonacci extension . Our bullish bias is further supported by the stochastic indicator bouncing off the strong support moving towards the resistance.
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Price is reacting below our pivot level at 0.69000 which is in line with 38.2% Fibonacci retracement level and horizontal overlap resistance. Price could potentially pull-back to support at 0.68550 which coincides with 38.2%, 50% Fibonacci retracement level and 20EMA. Stochastic is also at descending trendline resistance for a possible pull-back.
Alternatively, if...
EURUSD has reached a bottom and has formed a possible double bottom pattern. With technical indicators now showing room for further bullish momentum, a further push up above our entry at 1.17033 towards graphical swing high resistance at our take profit level of 1.17262 could be possible.
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USDCHF holding below descending trendline resistance. Technical indicators are showing room for further bearish momentum as well. An intraday drop below our entry at 0.97178 towards Fibonacci confluence zone and our take profit at 0.91495 could be expected.
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AUDUSD is facing bullish pressure. With price breaking above moving average support to the upside and also holding above ascending trendline support, a further push up above our entry at 0.71431 towards graphical overlap resistance and our take profit at 0.72434.
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Price have made a lower low which confirms overall bearish trend for AUDJPY however price has potential to bounce up to create a higher low hence our bias for the short term is bullish . Price is expected to push up to resistance level in line with 161.8% Fibonacci extension to make a potential lower high. Our short-term bullish bias is further supported by the...
Price is seen to holding below the H4 ascending support turn resistance however, price is also holding above the daily and weekly ascending trendline support, hence our overall bias would be a bullish momentum. Price has just bounced off the 1st support which is in line with the 100% Fibonacci extension , we are expecting price to move towards the 1st resistance...
Price is reacting above our pivot level at 109.76 which is in line with 38.2% Fibonacci retracement level, 61.8% Fibonacci retracement level & 20EMA. Price could potentially push up further to resistance at 110.44, which is in line with 78.6% Fibonacci retracement level, 161.8% Fibonacci retracement level and horizontal overlap resistance.
Alternatively, price may...
Price is reactive above pivot level at 1.36427 which is in line with -61.8% Fibonacci retracement level and 127.2% Fibonacci extension . Price may potentially swing towards our resistance at 1.36950, which coincides with 50% Fibonacci retracement level , 127.2% Fibonacci extension level and 20EMA. Stochastic is also at support level where previous bounces...
Price is approaching our pivot level at 1,796.49 which is in line with -27.2% Fibonacci retracement level and 78.6% Fibonacci extension level and horizontal overlap resistance. Price could potentially drop towards support at 1,761.94, in line with 23.6% Fibonacci retracement level , 61.8% Fibonacci extension level and 50MA. Stochastic is also at resistance level...
Price is approaching our pivot level at 1,796.49 which is in line with -27.2% Fibonacci retracement level and 78.6% Fibonacci extension level and horizontal overlap resistance. Price could potentially drop towards support at 1,761.94, in line with 23.6% Fibonacci retracement level , 61.8% Fibonacci extension level and 50MA. Stochastic is also at resistance level...
EURUSD is in the bearish area on the daily chart on the left. A bearish cross of EMAs and stochastic potentially align short-term traders with the daily. If signals occur, movement of stochastic to 20 level and maintenance of that level increase chance of a successful trade (blue arrow). Trend following indicators may be useful in this case as a potential exit...
Price is approaching support at 149.471 which in line with 61.8% Fibonacci extension and 78.6% Fibonacci retracement . It could potentially bounce from support and rise further to resistance at 152.162 in line with our 61.8% Fibonacci retracement and 78.6% Fibonacci extension . Otherwise price may continue to bearish to stop loss at 148.458 in line with Horizontal...
Price may bearish below pivot at 1.28075 in line with 100% Fibonacci retracement and 127.2% Fibonacci extension towards take profit at 1.25664 in line with 50% Fibonacci retracement and 78.6% Fibonacci extension . On the other hand, price may bullish towards stop loss at 1.29159 in line with 127.2% Fibonacci retracement .
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UKOILSPOT is reacting just above the pivot and may bullish from pivot at 66.37 in line with 127.2% Fibonacci retracement and 61.8% Fibonacci extension to take profit at 69.75 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension . Alternatively, prices may rally down to stop loss at 65.09 in line with 161.8% Fibonacci retracement and 78.6%...
Price is holding below the 50 MA indicating possible continuation of the bearish trend . Potential sell entry at 0.71883 in line with the 78.6% Fibonacci extension . Price is expected to ride down towards the take profit level at 0.71329 in line with -27.2% Fibonacci retracement . Our bearish bias is further supported by price holding under the Ichimoku cloud...
