Market analysis from FXCM
Price could retrace to the 1st resistance level at 3502.t,which is also a multi-swing high resistance. Our stop loss is at 35196.1, which is a which is above the swing high resistance level. Take profit is at 34764, which is a pullback support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable...
Price could rise to our sell entry at 0.6585, which is a swing high resistance level aligning with the 50% fibo retracement and 61.8% fibo projection. Our stop loss is at 0.6623, which is above the wick of the swing high resistance. Take profit is at 0.6519, which is a pullback support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a...
GBP/AUD is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 1.90568 which is a pullback support that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 1.89600 which is a level that sits under an overlap support and the 78.6% Fibonacci retracement level. Take profit is at 1.91880...
The Aussie (AUD/USD) could fall towards a pullback support and potentially bounce off this level to climb higher. Buy entry is at 0.64551 which is a pullback support. Stop loss is at 0.64000 which is a level that sits under an overlap support and the 61.8% Fibonacci retracement level. Take profit is at 0.65222 which is a multi-swing-high resistance. High Risk...
WTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 77.555 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level. Stop loss is at 80.000 which is a level that sits the 23.6% Fibonacci retracement level and a swing-high resistance. Take profit is...
USD/JPY is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 151.794 which is a multi-swing-high resistance that aligns with the 61.8% Fibonacci projection level. Stop loss is at 152.570 which is a level that sits above the 78.6% Fibonacci projection and the 127.2% Fibonacci extension...
The DAX (GER30) is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 15654.35 which is an overlap resistance. Stop loss is at 15825.00 which is a level that sits above a pullback resistance and the 61.8% Fibonacci retracement level. Take profit is at 15349.03 which is an overlap support. High...
The Kiwi (NZD/USD) could fall towards a pullback support and potentially bounce off this level to climb higher. Buy entry is at 0.59997 which is a pullback support. Stop loss is at 0.59750 which is a level that sits under the 23.6% Fibonacci retracement level. Take profit is at 0.60486 which is a multi-swing-high resistance. High Risk Investment Warning...
EUR/NZD is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 1.79968 which is an overlap support that sits under the 61.8% Fibonacci retracement level. Stop loss is at 1.78600 which is a level that sits under a swing-low support. Take profit is at 1.82605 which is a pullback resistance. High Risk...
AUD/NZD is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 1.07820 which is an overlap support that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 1.07300 which is a level that sits under a confluence of Fibonacci levels i.e. the 61.8% retracement and 78.6% projection...
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Price could fall to our buy entry at 0.8688, which is a pullback support level, aligning with the 61.8% fibo retracement and 78.6% fibo projection. Our stop loss is at 0.8669, which is beyond the 78.6% fibo retracement. Take profit is at 0.8719, which is a swing high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high...
Price is rising towards our buy entry at 1.8263, which is a multi-swing high resistance level. We will have buy stops ready for when price breaks out of this resistance zone. Our stop loss is at 1.8158, which is a pullback support level. Take profit is at 1.8360, which is a swing high resistance level, aligning with the 61.8% fibo projection. High Risk...
Price could rise towards our sell entry at 1.9391, which is a pullback resistance level, aligning with the 61.8% fibo retracement and 161.8% fibo extension. Our stop loss is at 1.9518, which is above the swing high resistance level. Take profit is at 1.9257, which is a pullback support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a...
Price is rising towards our sell entry at 186.63, which is a swing high resistance level, aligning with the 161.8% fibo extension and -61.8% fibo expansion. Our stop loss is at 186.97, which is above the fibo confluence zone. Take profit is at 185.80, which is a pullback support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high...
Price could retest the neckline of the head and shoulders pattern formed, which is at our sell entry at 96.58, and at the 50% fibo retracement. Our stop loss is at 97.14, which is above the swing high resistance level and right shoulder. Take profit is at 96.04, which is a pullback support level, before the 50% fibo retracement. High Risk Investment Warning...
Price could react to our buy entry at 0.9022, which is a pullback support level. Price failed to create a lower low, and is now creating higher lows. Hence, we can look to enter buy positions to ride the short term bullish trend. Our stop loss is at 0.8971, which is below the swing low support level. Take profit is at 0.9068, which is a swing high resistance...
GBP/CAD is trading very close to an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 1.68678 which is an overlap support. Stop loss is at 1.67180 which is a level that sits under a pullback support that aligns with the 38.2% Fibonacci retracement level. Take profit is at 1.70881 which is an overlap resistance. High...