EURUSD is testing major resistance at 1.2364 (61.8% Fibonacci extension , 50% Fibonacci retracement , horizontal overlap resistance) where a possible reversal might happen. Price may fall to its 1st support at 1.2236 (61.8% Fibonacci extension , 61.8% Fibonacci retracement , horizontal pull back support). If it breaks past this level it could possibly fall to its...
GBPUSD is testing its major resistance level at 1.3865 (horizontal overlap resistance, 23.6%, 38.2% Fibonacci retracement , 61.8% Fibonacci extension ). A strong reaction could occur at this level, pushing price down to our next major support level at 1.37049 (horizontal swing low support.
RSI (89) is also approaching its major resistance level at 52 and this is a...
AUDUSD sees major support at 0.7737 (61.8% Fibonacci extension , 61.8% Fibonacci extension , horizontal overlap support) and is currently testing both its horizontal resistance at 0.7788 (61.8% Fibonacci extension , 38.2% Fibonacci retracement ) and a descending resistance line. If it breaks past these two resistances, it may have the potential to rise to its next...
BTCUSD is testing is testing its major resistance at 11703.6 (Horizontal swing high resistance, 38.2%, 50% Fibonacci retracement ) and a strong reaction could occur at this level, pushing price down to our next major support at 9246.80 (horizontal overlap support, 100% Fibonacci extension , 50% Fibonacci retracement ).
Stochastic (21,5,3) is reacting off its...
Litecoin is currently being squeezed in a triangle formation and could break out in either direction. We do have to be cautious of the major resistance at 218 and the major support at 200 which needs to be surpassed or broken to open a move in either direction.
We can also see that RSI is being squeezed in a triangle formation and a breakout in either direction...
EURGBP is testing our resistance at 0.8951 (horizontal swing high resistance, 76.4% fibonacci retracement , bearish divergence) and a strong reaction could occur at this level to push price down towards 0.8911 support ( Fibonacci retracement , horizontal pullback support). This level needs to be broken to open a further drop towards 0.8842 support ( Fibonacci...
USDCAD tested major resistance at 1.2916 ( 100% Fibonacci extension , ST 100% Fibonacci extension , bearish divergence, multiple swing high resistance) where it has the potential to fall to its 1st support at 1.2756 (100% Fibonacci extension , 50% Fibonacci retracement , 23.6% Fibonacci retracement , Horizontal overlap support). If it breaks past this level, it...
EURCHF has bounced off its major resistance at 1.1567 (61.8%, Fibonacci extension , horizontal swing high resistance). A strong reaction could occur at this level, pushing price down to the next support level at 1.1483 (76.4% Fibonacci retracement , horizontal swing low support, 100% Fibonacci extension ).
Stochastic (55,5,3) is approaching major resistance at...
DXY has reacted off major resistance at 91.03 (38.2% Fibonacci retracement, 61.8% Fiboancci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this price to push price down to support at 89.57 (Fibonacci retracement, fibonacci extension, horizontal overlap support).
Our next resistance level is at 91.82...
NZDUSD is testing major resistance at 0.7278 (multiple fibonacci retracement, horizontal overlap resistance, descending resistance) and a strong drop could occur from here to push price down towards 0.7190 support (Fibonacci extension, horizontal swing low support). Our next resistance is at 0.7312 which also has multiple fibonacci retracements and an overlap...
AUDUSD is approaching its major resistance at 0.7786 (horizontal overlap resistance, 23.6% Fibonacci retracement , 61.8% Fibonacci extension) which coincides with the short term descending resistance line. A strong reaction could occur at this level, pushing price down to 0.7697 (horizontal pullback support, 100% Fibonacci extension). Our next resistance is at...
XAGUSD has bounced nicely off its support at 16.161 (100% Fibonacci extension, swing low support) where there may be potential for it to rise further to its resistance at 16.976 (100% Fibonacci extension, 50% Fibonacci retracement, 38.2% Fibonacci retracement, horizontal swing high resistance). We have also found a 2nd support at 16.038 (61.8% Fibonacci extension,...
USDCAD is approaching its resistance at 1.2920 (100% Fibonacci extension, 100% Fibonacci extension, swing high resistance) and could potentially fall to its 1st support at 1.2703 (61.8% Fibonacci extension, 100% Fibonacci extension, 23.6% Fibonacci retracement, Horizontal pullback support). If it breaks past this level there may be potential to fall further to its...
XAGUSD is approaching major support at 16.15 (Fibonacci extension, fibonacci retracement, horizontal overlap support) and a stronb bounce could occur at this level to push price up to 16.90 resistance (Fibonacci retracement, horizontal overlap resistance).
We also notice that stochastic is bouncing really nicely with price at the 4.5% support level and we're fast...
AUDUSD has broken a major support-turned-resistance level at 0.7757 opening a potential drop to 0.7644 support (horizontal overlap support, 76.4% Fibonacci retracement ). It's nice to see that we've broken multiple ascending supports too signalling that bearish momentum is accumulating. We're also below our Ichimoku cloud which adds to our bearish bias.
RSI (34)...
EURUSD is testing major support at 1.2164 (38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing low support) and a strong bounce could occur at this level pushing price up to 1.2409 resistance (61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance). Our next major level of support is at 1.2048 which is a 50% long...
USDCHF has made a bullish exit of its descending resistance-turned-support line signalling that we could be seeing some bullishness. However, we're seeing major resistance at 0.9405 (23.6% long term fibonacci retracement, 100% fibonacci extrrension, horizontal swing high resistance) that needs to be broken before opening up a potential rise to 0.9459 (Fibonacci...
GBPUSD is testing our ascending support level and approaching our support level at 1.3861 (Horizontal overlap support, 76.4% Fibonacci retracement level). A strong bounce could occur at this level, pushing price up to the next resistance level at 1.3992 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Surpassing this...
