Market analysis from FXCM
USDJPY is falling towards the buy entry at 145.620 which is a pullback support that aligns with the 61.8% Fibonacci retracement level and could potentially reverse from here to bounce higher. Stop loss is at 144.35 which is a level that sits below the recent swing-low. Take profit is at 147.375 which is a swing-high resistance level. High Risk Investment...
Price has formed a head and shoulders pattern, and we could look for an opportunity to trade the pullback of this bearish reversal. Our buy entry is at 4470.8, which is a pullback support level, aligning with the 38.2% fibo retracement. Stop loss is at 4422.7, which is placed beyond the 61.8% fibo retracement level. Take profit is at 4526.9, which is an overlap...
Price is reacting off our buy entry at 0.6492, and we could possibly see price bounce off this area as there is the 61.8% fibo retracement and 78.6% fibo projection, showing fibo confluence. Our stop loss is at 0.6470, which is the previous swing low support level, and below the 78.6% fibo retracement, to give price space to breathe. Take profit is at 0.6539,...
AUDJPY is falling towards the buy entry at 94.281 which is an overlap support that aligns close to the 38.2% Fibonacci retracement level and could potentially reverse from here to bounce higher. Stop loss is at 93.450 which is a level that sits below a pullback support and the 61.8% Fibonacci retracement level. Take profit is at 95.064 which is a swing-high...
USOIL (WTI) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 84.871 which is a pullback support. Stop loss is at 83.515 which is a pullback support that aligns under the 23.6% Fibonacci retracement level. Take profit is at 86.877 which is a level that aligns with the 127.2% Fibonacci extension...
USDCHF is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.88087 which is a pullback support that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 0.87440 which is a pullback support that aligns under the 78.6% Fibonacci projection level. Take profit is between 0.88657 and...
Price is approaching our sell entry at 185.12, which is an overlap resistance level, aligning with the 61.8% fibo retracement and 78.6% fibo projection. Our stop loss is at 186.07, which is the previous swing high resistance level. Take profit is at 183.67, which is the previous swing low support level. High Risk Investment Warning Trading Forex/CFDs on margin...
Price is approaching our sell entry at 4537.5, which is an overlap resistance level, and slightly below the 78.6% fibo retracement level. We can expect price to react bearishly, and to reverse to the downside as there could be a head and shoulder pattern forming, indicating a reversal. Our stop loss is at 4583.4, which is an overlap resistance level. Take profit...
USDCAD could fall towards the buy zone between 1.35673 and 1.35823 and potentially bounce higher. The level at 1.35673 is identified as an overlap support. Stop loss is at 1.34850 which is a level just below an overlap support. Take profit is identified at 1.36534 which is a multiple swing-high resistance. High Risk Investment Warning Trading Forex/CFDs on...
USOIL (WTI) is rising towards the sell entry at 80.424 which is an overlap resistance that aligns close to the 61.8% Fibonacci retracement level and could potentially reverse from here to drop lower. Stop loss is at 82.813 which is a level that sits above the recent swing-high. Take profit is between 78.315 and 77.626 which is a multiple swing-low support that...
Price is approaching our sell entry at 15525.1, which is an overlap resistance level, aligning with the 78.6% fibo retracement, 127.2% extension, and 100% fibo projection. With these fibo confluences, we can expect price to have a bearish reversal off this resistance level. Our stop loss is at 15663.2, which is a pullback resistance level. Take profit is at...
Price is looking bearish at the moment, and we can see that price is falling to our buy entry at 158.01, which is an overlap support, aligning with the 61.8% fibo retracement and 61.8% fibo projection level. Our stop loss is at 157.16, which is a swing low support level. Take profit is at 158.92, which is a pullback support level. High Risk Investment...
USDJPY is rising towards the sell entry at 147.238 which is an swing-high resistance and could potentially reverse from here to drop lower. Stop loss is at 148.600 which is a level that sits above a significant swing-high that took place in November 2022 and the 100.0% Fibonacci projection level. Take profit is between 145.850 and 145.591 which is a pullback...
SPX500 is falling towards the buy entry at 4470.75 which is a pullback support that aligns with the 23.6% Fibonacci retracement level and could potentially reverse from this level to bounce higher. Stop loss is at 4440.15 which is a level that sits below an overlap support and the 38.2% Fibonacci retracement level. Take profit is between 4500.00 and 4508.73...
Join FXCM senior market specialist Russell Shor for Gold vs USDOLLAR chart analysis.
Price is approaching our buy entry at 15822.7, which is a pullback support level and at the 38.2% fibo retracement. Our stop loss is at 15719.4, which is a pullback support level, 61.8% fibo retracement and 78.6% fibo projection. Take profit is 15992.2, which is a swing high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a...
Price is approaching our sell entry at 185.47, which is an overlap resistance, 61.8% fibo retracement and 78.6% fibo projection level. Our stop loss is at 186.44, which is an overlap resistance level. Take profit is at 184.16, which is placed slightly before the 61.8% fibo retracement level. High Risk Investment Warning Trading Forex/CFDs on margin carries a...
Silver (XAGUSD) is falling towards the buy entry at 24.030 which is a pullback support and could potentially reverse from this level to bounce higher. Stop loss is at 23.800 which is a level that sits below a pullback support and the 23.6% Fibonacci retracement level. Take profit is between 24.343 and 24.463 which is a multiple swing-high resistance...