Price has broken a key overlap support level suggesting that price might make a bearish breakout towards the 22.16 level. The 221.16 level is a 61.8% major Fibonacci retracement and a 127.2% Fibonacci extension. If price were to drop to this level, watch out for a potential bounce from 22.16 for it to rise back up to 22.69.
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We're seeing price test a major support level at 0.6043 which is an overlap support + has a bunch of Fibonacci confluence levels. This forms a strong level of support that price might bounce from.
If price were to bounce from here, we could see it rise quite nicely towards the 0.6099 resistance level which is an overlap resistance and a 50% Fibonacci retracement...
We're seeing price make a bearish breakout from a key support-turned-resistance level at 1.3216. A fall from here could see prices drop all the way towards the 1.3066 level.
Do take note that there is an ascending support line which might push prices up which is why the take profit target is at 1.3066 (and not further away).
Please be advised that the...
We can see that price has broke a key overlap resistance and could potentially rise towards the 0.6124 level which is a 38.2% Fiboancci retracement.
A risk level that i'd like to highlight here is the 0.6080 level which is our intermediate resistance. Breaking this level could provide further confidence of price rising towards the 0.6124 level.
Any opinions,...
Price is now testing a major support at 1.3219 which is an overlap support and also a 127% Fibonacci extension.
A bounce from here could see prices rise up towards the 1.3316 level.
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EURUSD is testing a pullback resistance at 1.0950 - there is a chance that it might reverse from this historically strong level to make a push down towards 1.0890 which is the 23.6% Fibonacci retracement.
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Price has broken a key resistance-turned-support level at 1.6855 triggering a push up to 1.6904 which is a key overlap resistance.
The bullish momentum is aided by the bullish channel exit we're seeing.
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We're seeing price approach a major resistance level at 12858 which is an overlap resistance + 23.6% Fibonacci retracement and a 38.2% Fibonacci retracement. It'a also nice to see a descending resistance line and a bearish ichimoku cloud contribute to the bearish momentum of the setup.
A reversal from here could see prices drop towards the 12804 level.
Please be...
We're seeing price make a nice double top reversal off the 127% Fibonacci extension. A reversal from here usually brings price down to the 100% level where it broke out from.
We're zooming in a bit more into the H4 time frame and notice that price has formed a nice double top pattern. We could see price drop from the 1.0966 towards the 1.0932 which is the...
We're seeing price approach major resistance at 0.9094 which is an overlap resistance, 38.2% FIbonacci retracement, 61.8% Fibonacci projection and the bearish Ichimoku cloud is giving price a nice bearish momentum.
A reversal from here could see prices drop towards the 0.8943 level.
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Price seems to be approaching a major resistance at 0.6811 which has seen multiple reversals in the past. A reversal from here could see prices being pushed down to 0.6730 which is a 23.6% Fiboancci retracement and our first support.
What is worth taking note is that NZDUSD is also approaching a major resistance and could see a reversal soon too. Our bearish view...
We're seeing big resistance at 0.6182 which is a pullback resistance + 50% Fibonacci retracement and a 61.8% Fiboancci retracement. A reversal from here could see prices drop to 0.6149 which is our intermediate support - breaking that level could see a further bearish acceleration down to 0.6119.
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Price is testing a major support level at 1.3319 which is a triple swing low support and also a trend line support. A bounce from here could see prices being nudged up to the 1.3400 level which is an overlap resistance and a 23.6% Fibonacci retracement.
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GBPUSD is seeing major resistance at the 1.2577 level which is an overlap, 100% projection and is seeing bearish divergence vs price. A reversal from here could see prices being pushed all the way down to 1.2477.
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We're looking at GBPAUD on the H4 timeframe today - and we can see that it has already bounced quite nicely off a major overlap support.
Now the key thing here is the 23.6% Fibonacci retracement. If price is able to break beyond that level, we could see a further acceleration up towards the 1.8805 level which is the 38% Fibonacci retracement and a bit of an...
Today we're looking at BTCUSD on the D1 timeframe. We can see that there's a nice bit of bullish momentum with the ascending support, Ichimoku cloud and an overlap support. Along with that, there's a nice 50%Fiboancci retracement too.
A bounce from here could see prices head up to the recent swing high resistance of 30700.
Any opinions, news, research, analyses,...
