CADJPY is reacting below the descending trendline and is approaching the sell entry near 78.6% Fibonacci retracement where we could potentially see the price drop to take profit at 86.575 near 50% Fibonacci extension and horizontal swing low. Alternatively, prices may rally up towards stop loss at 88.296 at horizontal swing high.
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USDCAD is currently approaching the swing high resistance in line with the 100% Fibonacci extension and the 38.2% Fibonacci retracement . We can expect price to reverse off this level and take support at the horizontal swing low which is in line with 61.8% Fibonacci extension and 61.8% Fibonacci retracement . Our bearish bias is further supported by how price is...
NZDCHF reversing from sell entry, in line with 78.6% Fibonacci retracement and 100% Fibonacci extension . Prices re expected top fall to take profit, in line with 78.6% retracement and 61.8% extension. Alternatively, price may rally to stop loss, in line with 127.20% Fibonacci extension . Indicator showing bearish bias.
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Price broke out of inverse head & shoulder. If the price retrace to 0.702000, in-line with 38.2% Fibonacci Retracement , 100% Fibonacci Extension and 20EMA, we could potentially see it bounce further upside to 0.70961, in-line with -61.8% Fibonacci Retracement and 127.2% Fibonacci Extension . If the price drops below, it could potentially swing towards support at...
GBPUSD approaching sell entry, in line with 127.2% Fibonacci retracement and 100% Fibonacci extension . Prices re expected top fall to take profit, in line with 50% retracement and 61.8% extension. Alternatively, price may rally to stop loss, in line with 100% Fibonacci stop loss. EMA holding above prices , supporting our bearish view.
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Appears that NZDJPY is currently approaching the horizontal swing high support in line with 161.8% Fibonacci retracement and 61.8% Fibonacci extension . We can expect price to resist off this level to plunge and take support at the horizontal swing low support at 76.098 which is in line with 61.8% Fibonacci extension and 100% Fibonacci extension . Our bearish bias...
Price is approaching the 1808.605 level which is in line with the horizontal overlap support, 78.6% Fibonacci extension and the 38.2% Fibonacci extension . We can expect price to bounce up from this level and approach our swing high resistance which is in line with the 127.2% Fibonacci retracement and the 61.8% Fibonacci extension level. Our bullish bias is...
JPYBASKET is in the bullish area on the daily chart on the left. A bullish 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 increases the chance of a successful trade. Trend following indicators may be useful in this case as a potential exit tool....
Price has pulled back to strong support area at 25.30, in line with 38.2% Fibonacci Retracement, 61.8% Fibonacci Extension, and 50MA. Prices could potentially bounce towards resistance at 26. 05 , in-line with 78.6% Fibonacci Retracement and 200% Fibonacci Extension . If price drops below pivot, it could potentially swing towards support at 24.775, in line with...
NZDJPY is currently approaching the horizontal swing high resistance which is in line with the 61.8% Fibonacci extension and the 161.8% Fibonacci retracement. We can expect price to resist off this area and reverse to take support at the horizontal swing low support at 76.054 which is in line with the 61.8% Fibonacci retracement and the 127.2% Fibonacci extension....
Price is at descending trendline resistance where it could potentially swing towards support at 1.18201, in line with 61.8% Fibonacci Retracement and 100% Fibonacci Extension. MACD is also indicating bearish momentum for possible downside. If price bounce above pivot, it could potentially swing towards resistance at 1.18945, in line with 61.8% Fibonacci...
EURCAD is reversing from sell entry, in line with 100% Fibonacci extension. Prices are expected to fall to take profit, in line with 127.2% Fibonacci extension. Alternatively, prices may rally to stop loss, in line with 161.8% Fibonacci retracement extension. Indicator showing bearish reversal.
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GBPAUD approaching buy entry, in line with 38.2% Fibonacci retracement and extension. Prices are expected to rally to take profit, in line with 161.8% Fibonacci extension. Alternatively, prices may fall to stop loss, in line with 78.6% extension and 61.8% Fibonacci retracement. Indicator showing bullish bias.
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USDCAD is currently approaching the swing high resistance in line with the 100% Fibonacci extension and the 38.2% Fibonacci retracement. We can expect price to reverse off this level and take support at the horizontal swing low which is in line with 61.8% Fibonacci extension and 61.8% Fibonacci retracement. Our bearish bias is further supported by how price is...
UKOILSPOT reacting below the descending trendline and are likely to drop towards take profit in line with -27.2% Fibonacci retracement and near 100% Fibonacci extension. Alternatively, prices may rally up to stop loss at 73.81 in line with 61.8% Fibonacci retracement.
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Further to our previous article , the gold daily chart has turned bullish. The green MA has crossed above the orange MA (blue arrow). Thus, all three MAs are now in bullish formation with green>orange>red. We are now looking for more angle and separation between the MAs. If this does develop, it will be regarded as a bullish development and will denote an...
The US30, FXCM’s DJI CFD, is in the bullish area on the daily chart on the left. We note that the hourly has pulled back to support (green shaded area). If price bounces from here, a bullish cross of EMAs and stochastic potentially align short-term traders with the daily. If signals occur, movement of stochastic to 80 level, and maintenance of that level,...
AUD/JPY is holding below the descending trendline and approaching the sell entry at 80.181 which is in line with our horizontal overlap resistance and 23.6% Fibonacci retracement . Price is likely to resist off this level to take support at 79.443 in line with -27.2 % Fibonacci retracement . Our bearish view is further strengthen by how price is holding below the...
