Price is testing a key overlap resistance which is also in line with the 38.6% Fibonacci retracement and the -27% Fibonacci expansion. A reversal from here could see prices drop all the way down to the 0.6071 support level which is an overlap support level.
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We're seeing price test a key overlap resistance at 1.2697 which is a 127% Fibonacci extension, 61.8% Fibonacci retracement and an overlap resistance.
A reversal from here could see prices drop all the way down to 1.2613 which is a multi-swing low support.
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Price bounced strongly above the 67.31 support level towards our take profit target - but how did we do it?
Join Desmond in this analysis review where he covers the reason why this setup worked nicely.
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Price reversed strongly from our resistance level to the support level at 22.20. But how did it happen?
Join Desmond in today's analysis review to have a quick recap on the elements that led to this strong reversal.
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Price has made a pullback to a key overlap resistance level at 0.8827 which also happens to be a previous 78.6% fbonacci retracement that was broken.
It's worth noting that there is strong bearish momentum from the bearish Ichimoku cloud and the lower highs being made by price.
A drop from here could see prices drop all the way to the major swing low at...
The pair heads towards another profitable month, but closes in on the levels that had prompted Japanese authorities to step in and support the Yen. Follow FXCM Senior market Specialist Nikos Tzabouras as he discusses the outlook
Price is approaching a strong resistance level at 23.21 which is a pullback resistance, 50% Fibonacci retracement and a 100% Fibonacci projection.
On top of that, we have a long term descending resistance line and the bearish ichimoku cloud contributing to the bearish momentum.
A reversal from here could see prices drop all the way down to 22.22 which is a...
We're looking at DXY today and we can see that price is forming a sort of elliott wave structure - with wave 4 potentially recently finishing.
A break of 12856 which is a major overlap support could trigger the bearish acceleration down towards the 12801 level.
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Price bounced perfectly from our confluence support level and reached our target. But how did it happen? Join Desmond as he reviews how we managed to forecast the reversal with such a high degree of accuracy.
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We're seeing price test a major support level at 1.5907. We really like this level because it has an overlap support, 100% Fibonacci projection, 61.8% short term fibonacci retracement and 38.2% long term fibonacci retracement.
A bounce from here could see prices rise to test the 1.6122 resistance level.
Please be advised that the information presented on...
Price reversed off the overlap resistance at 1.2803 and fell all the way to the take profit target of 1.2728. What was important in this analysis was the stop loss placement and the take profit placement.
In this video, Desmond covers how you can optimise your stop loss and take profit placements in your trading so that you lower your chances of prices spiking to...
Price is testing major resistance at 0.6806 which is an overlap resistance that stretches way back. It also coincides with the 23.6% Fibonacci retracement and a descending channel resistance.
If price were to reverse from here, we could see it drop all the way to support at 0.6626 which is an overlap support and 61.8% Fibonacci retracement.
Please be advised...
Price is testing a major support level at 1.2684 which is a pullback support + ascending support + bullish ichimoku cloud. A bounce from here could see prices rise up towards the take profit target at 1.2830 which is a multi-swing high resistance.
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Price bounced off the 1.2683 support we identified and rose nicely to our take profit target at the 1.2832 level. In this review, we touch on why we used the 1.2832 level and not the swing high at 1.2850 - a lot of this is down to trade management and take profit placement.
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We're seeing price approach a major support level at 1.2680 which is a historically strong support level. It also lines up with Fibonacci confluence of 38%, 50% and 100% (projection). On top of that, there's a nice bit of bullish ichimoku cloud holding prices up.
If price were to bounce from here, we could see it inch up towards the 1.2832 level which is the...
Price reversed beautifully from the sell entry level we forecasted at 0.8988 and has reached the take profit target of 0.8908. The important lesson here is to place your take profit before a key level (vs right at the key level). As you can see in this video, price touched the TP level and took off in the other direction - just missing this crucial bit of...
We're seeing USDCHF test a key resistance level at the 0.8988 level which is a strong overlap resistance + 38% Fibonacci retracement and a 100% Fibonacci projection. On top of that, there's a bearish Ichimoku cloud that is contributing to prices being pushed down.
If a reversal occurs from here, we could see it drop towards the 0.8907 level which is the recent...
