Market analysis from FXCM
AUDUSD could fall towards the buy zone between 0.6387 and 0.6400 and potentially bounce higher. The level at 0.63868 is identified as a pullback support. Stop loss is at 0.63550 which is a level just below the recent swing-low support. Take profit is identified at 0.64414 which is an overlap resistance that aligns close to the 61.8% Fibonacci retracement...
Price is approaching our sell entry at 4470.7, which is a swing high resistance level and at the 78.6% fibo projection. Our stop loss is at 4507.0, which is placed above the previous swing high resistance, and beyond the 61.8% fibo retracement and 100% fibo projection. Take profit is at 4421.4, which is an overlap support level. High Risk Investment...
Price is rejecting to break past our sell entry at 34604.2, which is an overlap resistance. Our stop loss is at 34886.2, which is an overlap resistance, and above the 50% fibo retracement level to give space for price to breathe. Take profit is at 34248.2, which is an overlap support, 61.8% fibo retracement and 61.8% fibo projection level. High Risk Investment...
Join FXCM Senior Market Specialist Nikos Tzabouras, as he discusses the NAS100 outlook, after Nvidia’s blockbuster results and hawkish Powell speech, ahead of crucial inflation and employment updates
Price is approaching our buy entry at 0.8699, which is an overlap support level and at the 50% fibo retracement level. Our stop loss is at 0.8622, which is placed slightly below the previous swing low support, and below the 61.8% fibo projection level. Take profit is at 0.8765, which is the multi-swing high resistance level, and at the 61.8% fibo...
Price could potentially reach our sell entry at 15821.07, which is an overlap resistance level, and there is also multiple fibo confluences as well. There is a 78.6% fibo retracement and 61.8% fibo projection, which shows that this area could show signs of a reversal. Our stop loss is at 15909.2, which is above the swing high resistance where the long wick was...
Price is approaching our buy entry at 0.8694, which is an overlap support level and at the 50% fibo retracement level. Our stop loss is at 0.8623, which is placed slightly below the previous swing low support, and below the 61.8% fibo projection level. Take profit is at 0.8764, which is the multi-swing high resistance level, and at the 61.8% fibo retracement....
The Kiwi (NZDUSD) is falling towards the buy entry at 0.59082 which is a multiple swing-low support and could potentially reverse from this level to bounce higher. Stop loss is at 0.58306 which is a pullback support level that sits below the 61.8% Fibonacci projection level. Take profit is between 0.59800 0.59951 which is an overlap resistance. High Risk...
Gold (XAUUSD) could rise towards the sell entry zone between 1920.00 and 1923.92 which is an overlap resistance and potentially reverse from here to drop lower. Stop loss is at 1935.11 which is a level that sits above an overlap resistance as well as the 50.0% Fibonacci retracement level. Take profit is between 1906.00 and 1900.45 which is an overlap...
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 82.803 which is a level that sits above the recent swing-high. Take profit is between 78.400 and 77.604 which is a multiple swing-low support that...
AUDNZD could rise towards the sell entry at 1.08677 which is a multiple swing-high resistance and could potentially reverse from this level to drop lower. Stop loss is at 1.09263 which is an overlap resistance level that aligns above the 127.2% Fibonacci extension level. Take profit is between 1.07950 and 1.07885 which is a pullback support level. High Risk...
AUDUSD is rising towards the sell entry at 0.64582 which is an overlap resistance and could potentially reverse from this level to drop lower. Stop loss is at 0.65082 which is an overlap resistance level that sits above the 50.0% Fibonacci retracement level. Take profit is between 0.63860 and 0.63643 which is a swing-low support. High Risk Investment...
USDCAD is falling towards the buy entry at 1.35673 which is an overlap support and could potentially reverse from this level to bounce higher. Stop loss is at 1.34852 which is an overlap support level that sits below the 23.6% Fibonacci retracement level. Take profit is at 1.36545 which is a multiple swing-high resistance level. High Risk Investment...
EURUSD is falling towards the sell entry at 1.08388 which is a pullback support and could potentially break through this level to drop lower. Stop loss is at 1.08862 which is a resistance level that sits above the 61.8% Fibonacci retracement level. Take profit is at 1.07856 which is an overlap support that aligns close to the 78.6% Fibonacci projection...
USDCHF is rising towards the sell entry at 0.88285 which is an overlap resistance that aligns with the 61.8% Fibonacci retracement level and could potentially reverse from this level to drop lower. Stop loss is at 0.88648 which is an overlap resistance level. Take profit is at 0.87589 which is a pullback support level. High Risk Investment Warning Trading...
Join FXCM Senior Market Specialist Nikos Tzabouras as he discusses the GBP/USD outlook, amidst increased uncertainty around the next steps of the Fed and the Bank of England
Price is approaching our sell entry at 1.3570, which is an overlap resistance level. Our stop loss is at 1.3653, which is a multi-swing high resistance level. Price may not break past the multi-swing high resistance, hence we have our sell bias. Our take profit is at 1.3499, which is at the 38.2% fibo retracement, and it is a pullback support level. High Risk...
SPX500 is rising towards the sell entry at 4421.53 which is a pullback resistance and could potentially reverse from this level to drop lower. Stop loss is at 4452.03 which is an overlap resistance level that sits above the 38.2% Fibonacci retracement level. Take profit is between 4338 and 4345 which is an overlap support. Please be advised that the information...