Market analysis from FXCM
USDJPY is facing bearish pressure, potential for more downside.
BTC bounced off 38033 where it could potentially rise further to 39941 Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Price is approaching our resistance level where we could see a reversal below this level. RSI is showing a bearish breakout as well, in line with our bearish bias.
USDJPY is breaking the 127% fib extension and is likely to continue its wave 3 impulsive move up. EMA is also showing support for price momentum.
Price is facing bearish pressure from our first resistance where we could see a reversal below this level.
AUDUSD bouncing from the trendline, more upside !
Price is facing bullish pressure from our support in line with our fibonacci confluence where we could see a further bounce above this level.
XRP bounced off 0.37470 where it could potentially rise further to 0.43316 Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
GBPUSD to drop further from the trendline !
Price is approaching resistance in line with our fibonacci confluence area where we could see a reversal below this level.
EURUSD could break out to the downside!
Price is facing bullish pressure where we could see a further upside above this level. Stochastic is approaching support as well where we could see a bounce above this level.
USDCHF broke above upside confirmation !
Price is testing our first resistance in line with our horizontal pullback resistance and fibonacci confluence levels where we could see a further drop below this level. Stochastic is approaching resistance where we could see a drop below this level as well.
ETH bounced off 1237 where it could potentially rise further to 1446.1 Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
USDJPY is facing bullish pressure from key support level !
Price is approaching resistance in line with our fibonacci confluences where we could see a reversal below this level.
GBPUSD is bouncing from trendline !