Market analysis from FXCM
Price is rising towards our sell entry at 0.8731, which is a strong overlap resistance level, aligning with the 127.2% fibo extension and 61.8% fibo projection. Our stop loss is at 0.8766, which is an overlap resistance level, and placed slightly above the -27.2% fibo expansion and 100% fibo projection. Take profit is at 0.8686, which is an overlap support level....
Price is falling to our buy entry at 0.5670, which is an overlap support level, aligning with the 38.2% fibo retracement. Our stop loss is at 0.5646, which is below the 61.8% fibo retracement. Take profit is at 0.5708, which is at the swing high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not...
Price is falling to our buy entry at 1.2213, which is a pullback support level, aligning with the 38.2% fibo retracement. Our stop loss is at 1.2160, which is slightly below the 61.8% fibo retracement. Take profit is at 1.2266, which is a swing high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may...
Price is falling to our buy entry at 1.0629, which is a pullback support level, aligning with the 50% fibo retracement. Our stop loss is at 1.0569, which is a swing low support level. Take profit is at 1.0679, which is a swing high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable...
GBPJPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 184.257 which is a pullback resistance that aligns close to the 78.6% Fibonacci retracement level. Stop loss is at 185.900 which is a level that sits above a swing-high resistance. Take profit is at 181.398 which is a pullback support...
The Kiwi (NZD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.58759 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level. Stop loss is at 0.59150 which is a level that sits above the 38.2% Fibonacci retracement level. Take profit is at 0.58074 which...
WTI oil (USOIL) could fall towards an overlap support and potentially bounce off this level to climb higher. Buy entry is at 86.456 which is an overlap support that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 85.000 which is a level that sits under an overlap support and the 61.8% Fibonacci retracement level. Take profit is at 89.056...
AUD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 94.412 which is a pullback support that aligns with the 61.8% Fibonacci projection level. Stop loss is at 93.900 which is a level that sits under a swing-low support and the 78.6% Fibonacci projection level. Take profit is at 95.165 which...
Price is rising towards our sell entry at 182.84, which is a multi-swing high resistance level, aligning with the 127.2% fibo extension. Our stop loss is at 183.34, which is a pullback resistance level, aligning with the 161.8% fibo extension. Take profit is at 182.30, which is a pullback support level. High Risk Investment Warning Trading Forex/CFDs on margin...
Price is falling to our buy entry at 0.6292, which is a multi-swing low support level, aligning with the 61.8% fibo projection. Our stop loss is at 0.6263, which is below a multi-swing low support level as well as below the 78.6% fibo projection. Take profit is at 0.6346, which is a swing high resistance level. High Risk Investment Warning Trading Forex/CFDs on...
Price is falling to our buy entry at 1.6563, which is an overlap support level, aligning with the 50% fibo retracement and 61.8% fibo projection. Our stop loss is at 1.6474, which is below the 100% fibo projection. Take profit is at 1.6674, which is a swing high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of...
Price could fall to our buy entry at 1.4449, which is a pullback support level, aligning with the 38.2% fibo retracement and 61.8% fibo projection. Our stop loss is at 1.4384, which is a pullback support level. Take profit is at 1.4530, which is the overlap resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk...
Price could fall to our buy entry at 14946.6, which is a swing low support level, aligning with the 127.2% fibo extension and 78.6% fibo projection. This is a level which has fibo confluence, hence price may reverse from here. Our stop loss is at 14829.8, which is below the previous major swing low support level. Take profit is at 15128.4, which is a pullback...
The Kiwi (NZD/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.59268 which is an overlap resistance level. Stop loss is at 0.59750 which is a level that sits above a pullback resistance that aligns with the 50.0% Fibonacci retracement level. Take profit is at 0.58708 which is a pullback...
USD/CHF has broken below a pullback support and the bearish momentum could potentially drive it lower. Sell entry is at 0.89866 which is a pullback support. Wait for the current 1-hr candle (14:00 UTC +8) to close prior to initiating a trade. Should the 1-hr candle at 15:00 (UTC+8) open underneath the Sell entry, open the short trade at market. Stop loss is at...
Silver (XAG/USD) has reacted off a pullback support level and could potentially break above a descending trendline to climb higher. Buy entry is at 22.600 which is a level above the descending trendline. Stop loss is at 22.221 which is a level that sits under a pullback support that aligns with the 23.6% Fibonacci retracement level. Take profit is at 23.302...
Follow FXCM Senior Financial Editorial Writer Nikos Tzabouras as he discusses the GBP/USD outlook, in the aftermath of the last Fed & BoE policy decisions and following today’s sticky UK inflation
Price could fall to our buy entry at 14989.3, which is a multi-swing low support level, aligning with the 78.6% fibo retracement and slightly above the 78.6% fibo projection. If price bounces off our buy entry, then there is potential for price to rise. Our stop loss is at 14923.1, which is below the bottom 2 wicks that were formed. Take profit is at 15173.2,...