Market analysis from FXCM
The Kiwi (NZD/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.58967 which is a pullback support level. Stop loss is at 0.58490 which is a level that lies under a pullback support level. Take profit is at 0.59837 which is a pullback resistance level that aligns with the 61.8% Fibonacci...
The Aussie (AUD/USD) is falling towards a swing-low support and could potentially bounce off this level to climb higher. Buy entry is at 0.62990 which is a swing-low support level. Stop loss is at 0.62650 which is a level that sits under a major swing-low support. Take profit is between 0.63720 and 0.63950 which is a zone that is bounded by the recent pullback...
CADJPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 108.904 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 109.580 which is a level that lies above an overlap resistance and the 50.0% Fibonacci retracement level. Take profit is at...
EUR/GBP is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.86744 which is a pullback resistance level. Stop loss is at 0.87020 which is a level that sits above the high wick of the pullback resistance level. Take profit is between 0.86450 and 0.86373 which is a pullback support that aligns...
GBP/AUD is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 1.90958 which is a pullback support. Stop loss is at 1.89740 which is a level that lies below a pullback support and the 61.8% Fibonacci retracement level. Take profit is between 1.92000 and 1.92371 which is a pullback resistance that...
Price could rise towards our sell entry at 33697.3, which is at the right shoulder, to continue its bearish momentum. It aligns with the 61.8% fibo retracement and 78.6% fibo projection as well. Our stop loss is above the head of the head and shoulders pattern, which is at 33918.4. Take profit is at 33354.4, which is a swing low support level. High Risk...
Price is approaching our buy entry at 15145.5, which is a key support level. We are expecting a bounce from our buy entry to the upside. Our stop loss is at 15053.8, which is a swing low support level. Take profit is at 15288.1, which is a pullback resistance level, slightly below the 50% fibo retracement and 61.8% fibo projection. High Risk Investment Warning...
Price is rising towards our sell entry at 1.9164, which is a swing high resistance level, aligning with the 100% fibo projection and the -27.2% fibo expansion. Our stop loss is at 1.9246, which is slightly above the swing high resistance level. Take profit is at 1.9039, which is at a pullback support level. High Risk Investment Warning Trading Forex/CFDs on...
Price is rising towards our sell entry at 1.6650, which is an overlap resistance, aligning with the 127.2% fibo extension and 100% fibo projection. Our stop loss is at 1.6757, which is above the 161.8% fibo extension. Take profit is at 1.6547, which is an overlap support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of...
Price is reacting to our sell entry at 1.9038, which is an overlap resistance, and aligning with the 61.8% fibo retracement and 100% fibo projection. Our stop loss is at 1.9104, which is an overlap resistance level, above the 78.6% fibo retracement. Take profit is at 1.8954, which is a pullback support level, at the 50% fibo retracement. High Risk Investment...
Price is approaching our sell entry at 1.3621, which is a pullback resistance level, aligning with the 78.6% fibo retracement and 161.8% fibo extension. Our stop loss is at 1.3699, which is placed slightly beyond the major swing high resistance level. Take profit is at 1.3541, which is a pullback support level. High Risk Investment Warning Trading Forex/CFDs...
Price is falling to our buy entry at 0.6688, which is an overlap support level, aligning with the 38.2% fibo retracement and 78.6% fibo projection. Our stop loss is at 0.6639, which is a pullback support level, and at the 50% fibo retracement. Take profit is at 0.6757, which is a pullback resistance. High Risk Investment Warning Trading Forex/CFDs on margin...
Price could rise to our sell entry at 4348.2, which is a swing high resistance level, aligning with the 38.2% fibo retracement and 78.6% fibo projection. Our stop loss is at 4386.8, which is above the 50% fibo retracement. Take profit is at 4294.9, which is a multi-swing low support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a...
Price is rising towards our sell entry at 4345.16, which is an overlap resistance level, aligning with the 38.2% fibo retracement and 100% fibo projection. Our stop loss is at 4386.35, which is placed above the 50% fibo retracement. Take profit is at 4308.62, which is a pullback support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a...
Price could possibly bounce off our buy entry at 1.3444, which is a swing low support level, aligning with the 61.8% fibo retracement and 100% fibo projection. Our stop loss is at 1.3403, which is a swing low support level, below the 127.2% fibo extension. Take profit is at 1.34855, which is a pullback resistance level. High Risk Investment Warning Trading...
Price is approaching our sell entry at 0.6509, which is an overlap resistance level, slightly above the 127.2% fibo extension. Our stop loss is at 0.6535, which is the highs above the overlap resistance level. Take profit is at 0.6457, which is a pullback support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and...
Price is rising towards our sell entry at 0.8668, which is a pullback resistance level, aligning with the 50% fibo retracement and 100% fibo projection. Furthermore, it is at the neckline of the double top that was previously formed. Our stop loss is at 0.8701, which is a multi-swing high resistance level. Take profit is at 0.8634, which is an overlap support...
Price could fall to our buy entry at 0.8637, which is an overlap support level and aligning with the 50% fibo retracement. Our stop loss is at 0.8613, which is an overlap support level as well, and placed slightly below the 61.8% fibo retracement. Take profit is at 0.8670, which is at the neckline of the previous double top that was formed. High Risk Investment...