Market analysis from FXCM
The Aussie (AUD/USD) could rise towards a pullback resistance and potentially reverse off this level to drop lower. Sell entry is at 0.63852 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 0.64015 which is a pullback resistance that sits above the 50.0% Fibonacci retracement level. Take profit is at 0.63313...
CADJPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 110.177 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level. Stop loss is at 109.700 which is a level that lies under a pullback support and the 61.8% Fibonacci retracement level. Take profit is between...
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 93.406 which is a pullback support that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 91.045 which is a pullback support that lies under the 50.0% Fibonacci retracement level. Take profit is at 98.134 which is a...
CADJPY has fallen towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 110.283 which is a pullback support. Stop loss is at 109.780 which is a level that sits under a pullback support and the 50.0% Fibonacci retracement level. Take profit is between 110.663 and 110.886 which is a zone that aligns with the...
UK100 is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 7647.16 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 7700.00 which is a level that sits above a Fibonacci confluence i.e. the 61.8% retracement and the 100.0% projection levels. Take...
The Kiwi (NZD/USD) is falling towards an overlap support and could potentially break below this level to drop higher. Sell entry is at 0.59445 which is an overlap support that aligns with the 50.0% Fibonacci retracement level. Note: wait for the current 1-hour candle to close for breakout confirmation prior to putting on the trade. Stop loss is at 0.59850 which...
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 88.547 which is a pullback support. Stop loss is at 87.112 which is a level that sits under a pullback support that aligns with the 38.2% Fibonacci retracement level. Take profit is at 91.306 which is a recent swing-high resistance...
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Price is rising towards our sell entry at 15347.2, which is a pullback resistance level, aligning with the 38.2% fibo retracement and 100% fibo projection. Our stop loss is at 15460.6, which is a pullback resistance and slightly above the 61.8% fibo retracement. Take profit is at 15197.5, which is a swing low support level. High Risk Investment Warning Trading...
Price is rising towards our sell entry at 33876.3, which is a pullback resistance level, aligning with the 23.6% fibo retracement and 61.8% fibo projection. Our stop loss is at 34092.9, which is an overlap resistance level, placed slightly above the 38.2% fibo retracement and 100% fibo projection. Take profit is at 33650.3, which is a multi-swing low support...
GBPCAD is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.64593 which is an overlap resistance. Stop loss is at 1.65400 which is a level that sits above the overlap resistance level. Take profit is at 1.63857 which is a pullback support level. High Risk Investment Warning Trading Forex/CFDs...
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Price is approaching our buy entry at 0.8633, which is a major support key level. Our stop loss is at 0.8593, which is another major support key level, placed slightly below the -27.2% fibo expansion and 161.8% fibo extension. Take profit is at 0.8678, which is at the 100% fibo projection and 78.6% fibo retracement. High Risk Investment Warning Trading...
Price is hovering at our buy entry, at 1.2190, which is a major overlap support level. Our stop loss is at 1.2132, which is another overlap support level. Take profit is at 1.2390, which is an overlap resistance level. We can expect price to gain bullish momentum to the upside soon due to the correlation of GBPUSD and DXY. High Risk Investment Warning Trading...
USDDCAD is rising towards a swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.35236 which is a swing-high resistance that aligns close to the 50.0% Fibonacci retracement level. Stop loss is at 1.35869 which is a level that sits above the 61.8% Fibonacci retracement level and a pullback resistance. Take profit...
Price could fall to our buy entry at 157.16, which is a swing low support level, aligning with the 78.6% fibo projection and slightly above the 78.6% fibo retracement. Our stop loss is at 156.63, which is a multi-swing low support level. Take profit is at 158.05, which is a multi-swing high resistance level. High Risk Investment Warning Trading Forex/CFDs on...
Price is approaching our buy entry at 15347.05, which is a pullback support level, aligning with the 61.8% fibo projection and -27.2% fibo expansion. Our stop loss is at 15156.11, which is a swing low support level, also an area of interest for a bullish reversal since it is the last down move before the break of structures of the previous highs. Take profit is at...
The Euro (EURUSD) could rise towards a pullback resistance and potentially reverse off this level to drop lower. Sell entry is at 1.06787 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 1.07200 which is a level that sits above the 78.6% Fibonacci retracement level and an overlap resistance. Take profit is...