Price is testing and likely to bounce up from our pivot in line with the ascending trendline, 61.8% Fibonacci retracement as well as 161.8% Fibonacci extension level. Price is expected to rise up to our horizontal swing high which is also in line with 61.8% Fibonacci extension level. Our bullish bias is supported by how the Stochastic is seen to be approaching the...
AUDUSD reversing from the lows. With technical indicators now showing room for further bullish momentum, a further push up above our entry at 0.73628 towards Fibonacci confluence zone at our take profit level 0.74132 could be possible. We have both 100% Fibonacci extension and 61.8% Fibonacci retracement lining up at the confluence zone.
Any opinions, news,...
GBPJPY holding below both long term moving average and also below descending trendline resistance. A short term drop below our entry at 151.616 where we have 78.6% Fibonacci retracement towards our take profit at 149.977 where we have 50% Fibonacci retracement at the graphical overlap support could be possible.
Any opinions, news, research, analyses, prices,...
Following a bullish breakout of the descending trendline, price is likely to take support at the 1st support level which is also in line with descending trendline, 38.2% Fibonacci extension level and 38.2% Fibonacci retracement level. Price is then expected to rise up to the take profit level at 110.343 which is in line with the horizontal swing high and 78.6%...
Price is at lower trendline wedge where we could potentially see price swing towards Take Profit at 1,813.37, in-line with 50% Fibonacci Retracement and 61.8% Fibonacci Extension. If the drops below the ascending trendline we would see it swing towards Stop Loss at 1,782.80, in-line with 61.8% Fibonacci Retracement and 127.2% Fibonacci Extension.
Any opinions,...
Price is likely to bounce up from strong horizontal overlap support which is in line with the 61.8% Fibonacci retracement and 127.2% Fibonacci extension level. Prices are expected to rise up to the take profit at the horizontal overlap resistance in line with the 61.78% Fibonacci extension level. Our bullish view is further supported by how the stochastic is shown...
Price is consolidating above 20EMA where we may potentially see further upside towards Take Profit at 1.37701, in line with 61.8% Fibonacci Retracement and 200% Fibonacci Extension. MACD is also indicating bullish momentum for further upside. If the price reverses from the pivot, we would see it swing towards Stop Loss at 1.36319, In-Line With 61.8% and 76.4%...
EURAUD is above approaching buy entry, in line with 100% Fibonacci extension. Prices are expected to rally towards take profit, in line with 161.8% Fibonacci retracement and 61.8% Fibonacci extension. Alternatively, prices may fall to take support at stop loss, in line horizontal pullback support, and 50% Fibonacci retracement. EMA is holding below our prices and...
EURJPY is holding below horizontal swing high resistance, in line with descending trendline resistance, 61.8% Fibonacci retracement, and 100% Fibonacci extension. Prices are expected to fall to horizontal swing low support, in line with 100% Fibonacci extension. Alternatively, prices may increase top horizontal swing high resistance, in line with Fibonacci...
We have added a triple moving average system to determine the trendiness of XAUUSD. Green>orange>red is regarded as a bullish formation. When this is achieved with angle and separation (blue arrows) a price uptrend typically ensues. Current price action lacks clear direction in this regard. We note that the short-term green moving average has turned down. If...
FXCM's USBANKS basket is in the bearish area on the daily chart on the left. The basket is an equal weighting (20% each) of JPM, BAC, WFC and C. A bearish cross of the 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 the chances of a successful...
AUDUSD is in a long-term downtrend. A short-term drop below 23.6% Fibonacci retracement and our entry at 0.73362 towards the Fibonacci confluence zone at 0.72432 could be possible. Technical indicators are showing room for further bearish momentum as well. Price is below moving average and MACD is below 0.
Any opinions, news, research, analyses, prices, other...
Price is facing bearish pressure and is likely to resist off horizontal overlap resistance which is in line with 61.8% Fibonacci extension. Price will then take support at 0.91631 which coincides with 88.7% Fibonacci retracement, 127.2 Fibonacci extensions as well as horizontal swing low support. Alternatively, the price could break the overlap resistance rise to...
Prices are reacting below the resistance level of 110.017, in line with descending trendline resistance, 78.6% Fibonacci retracement and 161.8% Fibonacci extension. Prices are expected to reverse off this level and take support at 109.064, in line with horizontal swing low support and 78.6% Fibonacci extension. Alternatively, if prices break above the trendline,...
EURAUD approaches resistance at 1.61218, in line with 161.8% Fibonacci retracement and 100% Fibonacci extension. Prices are expected to surpass this level and increase towards take profit, in line with -61.8% Fibonacci retracement and 161.8% Fibonacci extension. Alternatively, prices may reverse off and take support at stop loss, in line horizontal pullback...
Price is currently in descending wedge where we expect the price to swing towards descending trendline resistance at 1.18044. Both RSI and MACD indicate negative divergence where bearish price action could be limited and a potential bounce could occur. If the price continues to drop, it would swing towards support at lower trendline wedge .
Any opinions, news,...
NZDUSD is in the bearish area on the daily chart on the left. The pair is taking a breather with the stochastic moving above 20. However, further angle and separation in the EMAs and a bearish cross of stochastic potentially reassert downward pressure. To this end, a movement of stochastic below the 20 level and maintenance of that level increase chances of...
AUDUSD is in the bearish area on the daily chart on the left. The pair is taking a breather with the stochastic moving above 20. However, further angle and separation in the EMAs and a bearish cross of stochastic potentially reassert downward pressure. To this end, a movement of stochastic below the 20 level and maintenance of that level increase chances of...
