AUDUSD is approaching its support at 0.7232 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 0.7289 (horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 2.5% where a corresponding bounce could occur.
GBPUSD is approaching its support at 1.3003 (100% Fibonacci extension, 50%, 38.2% & 23.6% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 1.3154 (78.6% Fibonacci retracement, Horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 4% where a corresponding bounce could occur.
USDJPY is approaching its resistance at 109.14 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance) where it could potentially reverse to its support at 108.77 (61.8% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 87% where a corresponding bounce could occur.
XAU/USD (GOLD):
For traders who read Thursday’s briefing you may recall the piece highlighted a potential pullback from the H4 resistance level at 1325.4, as it’s housed within the walls of a daily supply zone plotted at 1332.6-1322.3. In addition to this, it was also noted the H4 RSI indicator was (still is) trading within overbought terrain.
Well done to any...
Dow Jones Industrial Average:
In recent sessions, US equities advanced marginally higher amid optimistic vibes surrounding US/China trade talks. Commentary from US President Trump stated the US has not extended the 1 March deadline for China talks, though says he thinks everything will be agreed to when he meets China President Xi.
Technically speaking, sellers...
NZDUSD is approaching its resistance at 0.6967 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it could reverse down to its support at 0.6876 (61.8% Fibonacci retracement, horizontal pullback support).
Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal could occur.
EURGBP is approaching its resistance at 0.8765 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could reverse down to its support at 0.8724 (38.2% Fibonacci retracement, horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 95% where a corresponding reversal could occur.
EURJPY reversed off its resistance at 125.47 (61.8% & 100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing high resistance) where it could drop further to its support at 124.67 (50% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) reversed off its resistance at 98% where a corresponding drop could occur.
CADCHF reversed off its resistance at 0.7589 (100% Fibonacci extension x2, 76.4% Fibonacci retracement, horizontal swing high resistance) where it could drop further to its support at 0.7516 (50% Fibonacci retracement, horizontal pullback support).
Stochastic (89, 5, 3) reversed off its resistance at 98% where a corresponding drop could occur.
AUDCAD is approaching its resistance at 0.9549 (100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing high resistance) where it could reverse down to its support at 0.9521 (38.2% Fibonacci retracement, horizontal pullback support).
Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
CADCHF is approaching its resistance at 0.7511 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could reverse down to its support at 0.7464 (76.4% Fibonacci retracement, horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
AUDNZD is approaching its resistance at 1.0533 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it could reverse down to its support at 1.0505 (38.2% Fibonacci retracement, horizontal pullback support).
Stochastic (21, 5, 3) is approaching its resistance at 93% where a corresponding could occur.
CADJPY is approaching its support at 82.20 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 82.55 (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its ascending support line.
GBP/USD:
H4 movement, after rebounding from its support area priced in at 1.3150-1.3121, endeavoured to regain 1.32 status Tuesday, though failed in dramatic fashion. The British pound, amid US trading hours, yielded ground to the US dollar, as the pair shrivelled over plan B Brexit concerns. UK lawmakers rejected the key Cooper’s amendment B, along with...
AUDUSD is approaching its support at 0.7142 (61.8% Fibonacci extension, 50% Fibonacci retracement, Horizontal swing low support) where it could potentially bounce to its resistance at 0.7179 (61.8% Fibonacci retracement).
Stochastic (55, 5, 3) is approaching its support at 5.9% where a corresponding bounce could occur.
NZDUSD is approaching its support at 0.6808 (100% Fibonacci extension, 50% & 38.2% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 0.6848 (61.8% Fibonacci retracement).
Stochastic (89, 5, 3) is approaching its support at 4.9% where a corresponding bounce could occur.
EURUSD is approaching its resistance at 1.1454 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it may reverse down to its support at 1.1392 (38.2% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal may occur.
CADCHF is approaching its support at 0.7441 (100% Fibonacci extension, 23.6% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.7515 (horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 5.2% where a corresponding bounce could occur.
