USDCHF has broken through downtrend line on the daily timeframe . It has the potential to bounce from 1st support, which coincides with horizontal swing high and 61.8% Fibonacci extension level to the 1st resistance which is a Fibonacci confluence area of -27% Fibonacci retracement and 161.8% Fibonacci extension . If prices were to break through our first support,...
USDCHF has broken through downtrend line on the daily timeframe. It has the potential to bounce from 1st support, which coincides with horizontal swing high and 61.8% Fibonacci extension level to the 1st resistance which is a Fibonacci confluence area of -27% Fibonacci retracement and 161.8% Fibonacci extension. If prices were to break through our first support,...
The Trend Follower Strategy has just bought EURJPY at 128.944. The system recommends entering this trade at any price between 128.815 and 129.073. The signal was issued because our Speculative Sentiment Index is extremely positive, with a value of -1.602. This suggests that the EURJPY could be trending upwards.The 14-period Average True Range on a daily chart is...
The Breakout Opportunities system has just bought AUDUSD at 0.79333. The system recommends entering this trade at any price between 0.792 and 0.79478. The signal was issued because the AUDUSD has broken its 24-hour high while our Speculative Sentiment Index was at -3.01082, suggesting that the AUDUSD may have further to rise. A stop loss has been set at the...
The Breakout Opportunities system has just sold USDCHF at 0.89479. The system recommends entering this trade at any price between 0.89365 and 0.89662. The signal was issued because the USDCHF has broken its 24-hour low while our Speculative Sentiment Index was at 7.96429, suggesting that the USDCHF may have further to fall. A stop loss has been set at the 24-hour...
Price is approaching support where we could see a bounce above this level. Ichimoku cloud is showing signs of bullish pressure as well in line with our bullish bias.
