Price is approaching our first resistance at 1.3160 (horizontal pullback resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension, short term descending resistance line) and might potentially drop to our major support at 1.2987 (horizontal swing low support, 61.8% Fibonacci extension).
Stochastic (89,5,3) is also approaching resistance and we might see...
XAUUSD is approaching our first resistance at 1237.74 (horizontal pullback resistance, 50% Fibonacci retracement) and price might potentially drop to our major support at 1218.37 (horizontal swing low support, 76.4% Fibonacci retracement)
Stochastic (34,5,3) is also approaching resistance and we might see a potential drop in price should it react off this level.
The Australian dollar, as you can see, outperformed on Tuesday, regaining 0.74 status as the USD softened across the board. H4 price is now seen eyeing resistance at 0.7443, a level that’s provided the market a ceiling on a number of occasions in recent history (see pink arrows). Another interesting point on this timeframe is the potential AB=CD formation (black...
EURJPY is approaching its support at 129.60 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where a bounce could occur, causing price to rise to its resistance at 131.12 (61.8% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching its support at 2.5% where a corresponding bounce could occur.
EURUSD has reversed off its resistance at 1.1745 (61.8% Fibonacci extension, 76.4% Fiboancci retracement, horizontal swing high resistance) where price could pullback to before making a further move down to its support at 1.1644 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) has reversed off its...
GBPUSD has reversed off its resistance at 1.3156 (100% Fibonacci extension, 50% & 61.8% Fibonacci retracement, horizontal swing high resistance) where it could potentially fall to its support at 1.3002 (76.4% Fibonacci retracement).
Stochastic (55, 5, 3) has being held down by a descending resistance line where a corresponding drop could occur.
CADJPY is approaching its support at 0.7529 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where it could potentially rise up to its resistance at 0.7588 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizotnal swing high resistance)
Stochastic (55, 5, 3) is approaching its intermediate support at 8.5% where a...
USDCHF is testing its support at 0.9901 (100% & 61.8% Fibonacci extension, 76.4% & 61.8% Fibonacci retracement, horizontal overlap support, ascending channel support) where a bounce up to its resistance at 0.9977 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance) is expected.
Stochastic (55, 5, 3) is testing its support at 2.8%...
USDCAD is testing its support at 1.3121 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, 50% Fibonacci retracement, horizontal swing low support) where a bounce up to its resistance at 1.3220 (61.8% Fibonacci retracement) could occur.
Stochastic (55, 5, 3) is approaching its support at 2.6% where a corresponding bounce could occur.
AUDJPY is approaching its support at 82.11 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potetnially bounce up to its resistance at 83.26 (61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (89, 5, 3) is approaching its support at 1.36% where a corresponding bounce could occur.
AUDUSD reversed off its resistance area at 0.7443 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap resistance, descending channel resistance) where it could potentially fall to its support at 0.7380 (50% Fibonacci retracement, horizontal pullback support).
Stochastic (55, 5, 3) is approaching its resistance at 98% and also testing its...
GBPUSD bounced off its support at 1.2974 (100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing low support) where it could potentially rise up to its resistance at 1.3127 (50% & 38.2% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) bounced off close to its support at 3.6% where a corresponding rise could occur.
EURAUD is approaching its resistance at 1.5944 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance) where it could potentially react off, causing price to fall to its support at 1.5694 (23.6% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding...
CADCHF is testing its support at 0.7530 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where price could rise to its resistance at 0.7588 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) bounced off its intermediate support at 8.5% where a corresponding rise...
EURGBP is testing its resistance at 0.8963 (100% Fibonacci extension, 78.6% & 50% Fibonacci retracement, horizontal swing high resistance) where a reversal could occur, causing price to fall to its support at 0.8881 (100% Fibonacci extension, 23.6% Fibonacci retracement, horizontal pullback support).
Stochastic (55, 5, 3) is approaching its resistance at 97%...
In recent movement, weekly price finally crossed swords with weekly support priced in at 1214.4. Note this level also happens to represent a Quasimodo support taken from the left shoulder marked with an orange arrow. In line with this weekly barrier, traders may have also noticed a daily Quasimodo support recently entered the fray at 1218.3. A rejection off of...
UKOIL bounced off its support at 70.86 (100% Fibonacciu extenion, 61.8%, 50% & 23.6% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 75.50 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistnace).
Stochastic (55, 5, 3) bounced off its support at 5.15% where a corresponding rise...
GBPUSD bounced off its support at 1.3030 (100% Fibonacci extension, 76.4% Fibonacci retracement, multiple swing low support) where price could rise to its resistance at 1.3222 (76.4% Fibonacci retracement, 100% Fibonacci extension, horizontal pullback resistance).
Stochastic (89, 5, 3) bounced off near its support at 3.3% where a corresponding rise could occur.
