Market analysis from FXCM
Prices are approaching support 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.
AUDCHF is facing bearish pressure from descending trend line resistance. It might pullback from 1st resistance which is in line with 50% Fibonacci retracement and 100% Fibonacci extension. Prices might push down towards the 1st support level which coincides with -68% Fibonacci retracement and 100% Fibonacci extension. If prices increase and break through the...
Prices are taking support from ascending trendline support and 1st support level, which coincides with 50% Fibonacci retracement and 50% Fibonacci extension. Prices might bounce towards 1st resistance which is 100% Fibonacci extension and -68% Fibonacci retracement Fibonacci confluence area. If prices fall through 1st support, prices might take support on 2nd...
Prices are facing bearish pressure from our resistance, in line with our 23.6% fibonacci retracement where we could see a further drop below this level to our support target. Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish bias.
USDJPY is facing bullish pressure and might bounce from pivot which coincides with 127.2% Fibonacci extension as well as 50% Fibonacci retracement. Prices might take a bounce towards 1st resistance which coincides with 100% Fibonacci extension as well as -27.2% Fibonacci retracement. If prices fall through pivot level, it might take support at 1st support which...
Price is facing bullihs pressure from our ascending trend line where we could see a further upside above this level. Ichimoku cloud is showing signs of bullish pressure as well in line with our bullish bias.
Price is facing bearish pressure from our resistance and descending trend line, Ichimoku cloud is showing signs of bearish pressure as well in line with our bearish pressure.
NZDCHF is facing bullish pressure from ascending trend line support. Prices might bounce off 1st support which is in line with 61.8% Fibonacci retracement and 50% Fibonacci extension. Prices might push towards 1st resistance which is a horizontal swing high resistance which coincides with 61.8% Fibonacci extension. If prices fall through, it might reach 2nd...
Price is approaching support where we could see a bounce above this level. Ichimoiku cloud is showing signs of bullish pressure as well in line with our bullish bias.
NZDCAD is currently taking support from ascending trendline support. Prices might pullback to 1st support which coincides with 100% Fibonacci extension. Prices might bounce from 1st support to 1st resistance which coincides with 78.6% Fibonacci retracement and 100% Fibonacci extension. If prices fall through 1st support, it might take support at 2nd support which...
Join FXCM senior market specialist Russell Shor for live trade into London close.
Join FXCM senior market specialist Russell Shor for a live trade into the London close.
Prices are currently holding above the ascending trendline support. Prices might pullback to the 1st support which coincides with 78.6% Fibonacci extension and 50% retracement. Prices might push up towards the 1st resistance level which coincides with 161.8% Fibonacci retracement and 61.8% Fibonacci confluence area. If prices fall through ascending trend line...
Price is facing bullish pressure from our ascending trend line and support level, in line with our 61.8% fibonacci retracement and 100% fibonacci confluence where we could see a bounce above this level. Ichiomoku cloud and EMA are showing signs of bullish pressure as well, in line with our bullish bias.
Price is approaching resistance where we could see a drop below this level. Ichimoku cloud is showing signs of bearish pressure as well.
Prices are currently taking support from 1st support which coincides with 50% Fibonacci retracement and Fibonacci extension level. Prices might bounce to reach 1st resistance which coincides with the 50% Fibonacci extension level. If prices fall through the ascending trendline support, stop loss would be at the 2nd support which is in line with 78.6% Fibonacci...
Prices are facing bearish pressure from 1st resistance level, in line with horizontal swing high resistance, which coincides with 78.6% Fibonacci retracement as well as 50% Fibonacci retracement. Prices might push down to our 1st support level which is in line with 61.8% Fibonacci extension, 127.2% Fibonacci extension as well as horizontal swing low support. If...
Price is facing bearish pressure from our descending trend line and we could see a further drop below this level. 20 EMA is showing signs of bearish pressure as well, in line with our bearish bias.