USDJPY is approaching its support at 110.59 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where price could bounce to its resistance at 112.18 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (89, 5, 3) is approaching its support at 4.8% where a corresponding bounce could...
Weekly Gain/Loss: -0.47%
Weekly Closing price: 1.2990
Weekly perspective:
Over the course of last week’s session, the USD/CAD eked out a third consecutive weekly loss after retesting the underside of a recently engulfed weekly support 1.3086 as resistance. In terms of obvious support beneath 1.3086, we do not see a whole lot stopping this market from reaching as...
GBPJPY is testing its support at 144.66 (61.8% Fibonacciu extension, 76.4% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 146.95 (50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is testing its support at 4.8% where a corresponding bounce could occur.
AUDUSD is approaching its resistance at 0.7407 (50% & 61.8% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop to its support at 0.7372 (61.8% Fibonacci retracement, horizontal pullback support).
Stochastic (55, 5, 3) is approaching its resistance at 93% where a corresponding reversal could occur.
EURJPY is approaching its support at 128.56 (100%, 100% Fibonacci extension, 50% & 61.8% Fibonacci retracement, horizontal overlap support) where it is expected to bounce up to its resistance at 130.20 (50% & 61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (89, 5, 3) is approaching its support at 1.9% where a corresponding bounce is expected.
CADCHF is testing its resistance at 0.7656 (100% Fibonacci extension x2, 61.8% Fibonacci retracement, horizontal swing high resistance) where a reversal to its support at 0.7591 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) could occur.
Stochastic (89, 5, 3) has reversed off its resistance at 95% where a corresponding drop...
Weekly Gain/Loss: -0.77%
Weekly Closing price: 1.1565
Weekly perspective:
Flavor for EUR/USD longs soured over the course of last week after jabbing the underside of a resistance area seen at 1.1717-1.1862, forcing the unit beneath trend line support (taken from the low 1.0340). Should price extend losses this week, the expectation is for a test of support at...
Across the board, the USD advanced higher with the DXY firmly reclaiming 95.00 status. Demand for the US dollar placed bullion under pressure on Thursday, pulling the H4 candles towards Quasimodo support sited at 1207.1. Although this level is bolstered by H4 RSI divergence (blue line) out of oversold territory, buying pressure from this base is likely weak. Our...
AUDUSD is approaching its support at 0.7347 (100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal overlap support) where it could potentially bounce off from, to its resistance at 0.7389 (38.2% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching its support at 1.14% where a corresponding bounce could occur.
NZDJPY is testing its support at 75.24 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce up to its resistance at 76.21 (61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) is approaching its support at 3.8% where a corresponding bounce could occur.
GBPJPY is approaching its support at 144.72 (100%, 100% & 61.8% Fibonacci extension, 76.4% Fibonacci retracement x2, horizontal overlap support) where it could bounce up to its resistance at 146.95 (50% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) is approaching its support at 4.8% where a corresponding bounce could occur.
GBPUSD is approaching its support at 1.3011 (61.8% Fibonacci extension, 78.6% Fibonacci retracement, horizontal overlap support) where price could bounce up to its resistance at 1.3100 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is testing its support at 2/9% where a corresponding bounce could occur.
XAUUSD bounced off its support at 1215 (61.8% & 100% Fibonacci extension, horizontal swing low support) where price could rise its resistance at 1224 (61.8% Fibonacci extension, horizontal swing high resistance).
Stochastic (55, 5, 3) bounced off its support at 3.5% where a corresponding rise could occur.
AUDUSD bounced off its support at 0.7395 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 0.7436 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) bounced off its support at 4.5% where a corresponding rise could occur.
USDCAD is approaching its support at 1.2966 (100% & 61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 1.3088 (50% & 38.2% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching near its support at 4.7% where a corresponding rise could...
CADCHF reversed off its resistance at 0.7651 (100% Fibonacci extension x2, 61.8% Fibonacci retracement, horizontal swing high resistance, ascending channel resistance) where it could drop further to its support at 0.7591 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) reversed off its resistance at 95%...
EURGBP has reversed off its resistance area between 0.8936 and 0.8954 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance) where price could rise up to before reversing down to its support at 0.8867 (100% Fibonacci extension, 61.8% & 38.2% Fibonacci retracement, horizontal overlap support).
Stochastic (89, 5, 3) has reversed...
GBPUSD is approaching its support at 1.3082 (100% Fibonacci extension, 61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially bounce off from, to its resistance at 1.3213 (76.4% & 61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) is approaching its support at 3.7% where a...
