Market analysis from FXCM
Price is hovering below our sell entry at 150.43, which is a multi-swing high resistance level, aligning with the 78.6% fibo retracement. Our stop loss is at 150.85, which is above the swing high resistance level. Take profit is at 149.80, which is a pullback support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk...
The Kiwi (NZD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.58584 which is a pullback resistance level. Stop loss is at 0.58950 which is a level that sits above the 38.2% Fibonacci retracement level and a pullback resistance. Take profit is at 0.57732 which is a swing-low support...
EUR/NZD is falling towards an overlap support and could potentially reverse off this level to bounce higher. Buy entry is at 1.80752 which is an overlap support that aligns with the 78.6% Fibonacci projection level. Stop loss is at 1.80000 which is a level that sits under the 100.0% Fibonacci projection level. Take profit is at 1.82605 which is a swing-low...
The Aussie (AUD/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.63471 which is an overlap resistance that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 0.6410 which is a level that sits above an overlap resistance. Take profit is at 0.62937 which is a pullback...
USD/CAD is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 1.37842 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level. Stop loss is at 1.37250 which is a level that sits under an overlap support level. Take profit is at 1.38621 which is a swing-high resistance...
Price could rise towards our sell entry at 33056.3, which is a swing high resistance level, aligning with the 78.6% fibo projection and 61.8% fibo retracement. Our stop loss is at 33241.3, which is above the 78.6% fibo retracement and a multi-swing high resistance level. Take profit is at 32776.3, which is a swing low support level. High Risk Investment Warning...
Price could rise towards our sell entry at 1.0935, which is an overlap resistance level, aligning with the 38.2% fibo retracement and 61.8% fibo projection. This area shows fibo confluence, hence it is a good sell opportunity. Our stop loss is at 1.1013, which is above the 50% fibo retracement and above the swing high resistance level. Take profit is at 1.0843,...
Price is falling to our buy entry at 1.2103, which is a multi-swing low support level, aligning with the 78.6% fibo retracement and 100% fibo projection. This shows that our buy entry has fibo confluence and could potentially cause price to reverse to the upside. Our stop loss is at 1.2026, which is below the swing low support level. Take profit is at 1.2215,...
Price is hovering at our buy entry at 0.5820, which is at the 127.2% fibo extension. Price could potentially reverse from here to the upside. Our stop loss is at 0.5754, which is slightly below the 161.8% fibo extension level. Take profit is at 0.5874, which is a pullback resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a...
Price could bounce off our sell entry at 0.5617, which is a major swing low support level, aligning with the 78.6% fibo projection and 161.8% fibo extension, showing fibo confluence. Our stop loss is at 0.5577, which is below the 100% fibo projection and major swing low support level. Take profit is at 0.5673, which is a pullback support level. High Risk...
Price is hovering above a major swing low support level, which is at our buy entry, at 0.5197. Our stop loss is at 0.5097, which is below the fibo confluence zone. The fibo confluence zone is the 100% fibo projection and 127.2% fibo extension. Take profit is at 0.5303, which is a pullback resistance level. High Risk Investment Warning Trading Forex/CFDs on...
Price could fall to our buy entry at 181.15, which is an overlap support level, aligning with the 50% fibo retracement and 78.6% fibo projection. This area shows fibo confluence, and hence, price could potentially bullish from our buy entry. Our stop loss is at 180.16, which is below a swing low support as well as the 61.8% fibo retracement. Take profit is at...
Price is falling to our buy entry at 1.6676, which is a pullback support level, aligning with the 50% fibo retracement and 61.8% fibo projection. There is fibo confluence at our buy entry, hence we are projecting price to become bullish and bounce off from here. Our stop loss is at 1.6585, which is below the swing low support level and 100% fibo projection. Take...
The Pound (GBP/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.21061 which is a pullback resistance. Stop loss is at 1.21680 which is a level that sits above the 38.2% Fibonacci retracement level and an overlap resistance. Take profit is at 1.20371 which is a swing-low support. High...
Price is rising towards our sell entry at 0.5832, which is a pullback resistance level, aligning with the 61.8% fibo retracement. Right where our sell entry is, is also the neckline of the previous double top formed. Our stop loss is at 0.5877, which is above the 2 wicks that were formed. Take profit is at 0.5778, which is at the swing low support level. High...
Price is falling to our buy entry at 1.3783, which is a pullback support level, aligning with the 23.6% fibo retracement. Our stop loss is at 1.3747, which is below a pullback support level, below the 38.2% fibo retracement and 78.6% fibo projection. Take profit is at 1.3820, which is a swing high resistance level. High Risk Investment Warning Trading...
The Euro (EUR/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.05684 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level. Stop loss is at 1.06000 which is a level that sits above the 38.2% Fibonacci retracement level and an overlap resistance. Take...
Join FXCM senior market specialist Russell Shor for oil analysis.