Market analysis from FXCM
Prices are facing bullish pressure from horizontal pullback support which coincides with 100% Fibonacci extension and 61.8% Fibonacci retracement. Prices might push higher towards our take profit which is a horizontal swing high resistance and coincides with 161.8% Fibonacci extension. If prices fall through our buy entry, prices might take support from horizontal...
Prices are facing bullish pressure from our support where we could see a further upside above this level. Ichimoku cloud and EMA are showing signs of bullish pressure as well.
Prices are facing bullish pressure from 1st support which is in line with 78.6% fibonacci retracement and horizontal swing low support. Prices might push higher towards 1st resistance which is in line with 161.8% fibonacci retracement and 50% fibonacci retracement and horizontal swing high resistance. If prices fall through 1st support, prices might take support...
Prices are facing bullish pressure from pivot, in line with 38.2% Fibonacci retracement level. Prices might push up further towards 1st resistance which is in line with horizontal swing high resistance as well as 61.8% Fibonacci retracement. If prices push down further, prices might take support from 1st support which is in line with 78.6% Fibonacci retracement...
Prices broke out of our descending trend line and are facing bullish pressure where we could see a bounce above this level.
Prices are facing bearish pressure where we could see a further drop below this level.
Prices are facing bullish pressure as it broke out of our descending trend line resistance and are taking support on buy entry which coincides with 50% Fibonacci extension and 78.6% Fibonacci retracement. Prices might bounce towards take profit target which coincides with 50% Fibonacci retracement and 161.8% Fibonacci retracement. If prices push downwards, prices...
Prices are approaching support in line with our fibonacci confluence where we could see a bounce above this level.
Prices are facing bullish pressure from pivot level which is in line with 50% Fibonacci retracement and 100% Fibonacci extension. Prices might push up towards 1st support which is in line with -27.2% Fibonacci retracement and 127.2% Fibonacci extension. If prices fall through pivot level, prices might take support on 1st support which is in line with 38.2%...
Prices are approaching our support in line with our ascending trend line where we could see a bounce above this level.
GBPUSD is facing bearish pressure from 1st resistance which is in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension . Prices might push towards 1st support which is in line with -27.2% Fibonacci retracement . If prices break through 1st resistance, prices might face resistance from 2nd resistance which is in lien with 100% Fibonacci extension and...
Prices are facing bullish pressure from ascending trendline support which coincides with our pivot level and 50% fibonacci extension as well as 78.6% fibonacci retracement. Prices might push up towards 1st resistance which coincides with 61.8% fibonacci extension and 161.8% fibonacci retracement. If prices break through the trendline, prices might take support on...
Prices are facing bearish pressure and a break below our downside confirmation could trigger a further drop.
EURGBP is facing bearish pressure from 1st resistance which coincides with 50% Fibonacci extension and 78.6% Fibonacci retracement. Prices might push towards 1st support which coincides with -27.2% Fibonacci retracement and 127.2% Fibonacci extension. If prices break through 1st resistance, prices might push up towards 2nd resistance which coincides with 78.6%...
Prices are facing bearish pressure from our resistance and ichimoku cloud where we could see a further drop below this level.
Prices are approaching our support in line with our horizontal pullback support and ascending trend line where we could see a bounce above this level. Ichimoku cloud and EMA are showing signs of bullish pressure as well, in line with our bullish bias.
EURJPY is currently facing bullish pressure from 1st support level which coincides with 61.8% fibonacci retracement. Prices might push up towards 1st resistance which coincides with 61.8% fibonacci extension and 127.2% fibonacci retracement. If prices fall through 1st support level, prices might pullback to 2nd support which coincides with 61.8% fibonacci...
Join FXCM senior market specialist Russell Shor as he discusses potential directions the Fed release may take.