Market analysis from Tickmill
Price is testing our first resistance at 1.5955 (horizontal overlap resistance, 38.2% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 1.5854 (horizontal swing low support, 78.6% Fibonacci retracement, 100% Fibonacci extension). Stochastic (21,5,3) is also approaching our resistance and we might...
ETHUSD is testing our resistance-turned-support at 739.87 (horizontal overlap support) and a strong bounce might occur above this level, pushing price up to our major resistance at 807.35 (horizontal overlap resistance, 78.6% Fibonacci retracement, 61.8% Fibonacci extension). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias....
EURCHF is approaching our first support at 1.1950 (horizontal swing low support, short term ascending support line). A strong bounce might occur above this level, pushing price up to our major resistance at 1.1979 (horizontal swing high resistance, 61.8% Fibonacci extension, 76.4% Fibonacci retracement). Stochastic is also approaching our major resistance and we...
Price is testing our first resistance at 129.96 (horizontal overlap resistance, 161.8% Fibonacci extension, Elliot wave structure). A strong reaction might occur below this level, pushing price down to our major support at 129.07 (horizontal swing low support, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bearish pressure, in line with our...
Price is approaching our first support at 0.8766 (horizontal swing low support, 50%, 61.8%, 100% Fibonacci extension, 50% Fibonacci retracement) and a strong bounce might occur above this level, pushing price up to our major resistance at 0.8833 (horizontal swing high resistance, 61.8% Fibonacci retracement). Stochastic is also approaching support which might be...
EURCHF is testing our short term ascending support line and facing bearish pressure from our short term descending resistance line. A breakout below our ascending support line and our first support at 1.1937 (horizontal swing low support, 23.6% Fibonacci retracement) might provide the bearish acceleration to our major support at 1.1889 (horizontal swing pullback...
CADJPY is approaching our first support at 84.54 (horizontal swing low support, 23.6% Fibonacci retracement) which coincides with our short term ascending support line. A strong bounce might occur above this level, pushing price up to our major resistance at 85.75 (horizontal swing high resistance, 100% Fibonacci retracement). Stochastic is also seeing a bullish...
Price is bouncing off our first support at 81.89 (horizontal overlap support, 61.8% Fibonacci retracement) which coincides with our short term ascending support line. A further rally might occur above this level, pushing price up to our major resistance at 82.59 (horizontal swing high resistance, 38.2% Fibonacci retracement). Stochastic (34,5,3) is also seeing a...
Price is testing our first support at 108.76 (horizontal swing low support, 23.6% Fibonacci retracement) which coincides with our short term ascending support line. A strong bounce might occur above this level, pushing price up to our major resistance at 110.33 (horizontal overlap resistance, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching...
USDJPY is testing our first support at 109.01 (horizontal swing low support, 23.6% Fibonacci retracement). A breakout below this level might cause a strong reaction to occur, pushing price down to our major support at 107.92 (horizontal pullback support, 38.2%, 50% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure, in line with our...
XAUUSD is testing our first support at 1310.48 (horizontal overlap support, breakout level). A strong bounce might occur above this level, pushing price up to our major resistance at 1325.87 (horizontal swing high resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement). A breakout above our intermediate resistance at 1318.17 (horizontal swing high...
AUDJPY is approaching our first resistance at 82.58 (horizontal swing high resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 81.83 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement) which coincides with our short term...
EURAUD is approaching our first support at 1.5881 (horizontal swing low support, 100% Fibonacci extension) which coincides with our short term ascending support line. A strong bounce might occur above this level, pushing price up to our major resistance at 1.5966 (horizontal overlap resistance, 38.2%, 50% Fibonacci retracement). Stochastic (34,5,3) is also seeing...
EUAUD has broke out of our short term ascending support line and is testing our first support at 1.600 (horizontal swing low support, 38.2% Fibonacci retracement). A breakout below this level might trigger a strong reaction, pushing price down to our major support at 1.5961 (horizontal pullback support, 61.8% Fibonacci extension, 50%, 61.8% Fibonacci retracement)....
GBPAUD is approaching our first resistance at 1.8101 (horizontal pullback resistance, breakout level) and a strong reaction might occur below this level, pushing price down to our major support at 1.7980 (horizontal pullback support, 100% Fibonacci extension, 38.2% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure, in line with our...
GBPUSD broke out of its long term ascending support-turned-resistance line and is approaching our first resistance at 1.3653 (horizontal swing high resistance). A strong reaction might occur below this level, pushing price down to our major support at 1.3461 (horizontal overlap support, 38.2% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish...
EURJPY is approaching our first resistance at 131.86 (horizontal pullback resistance) and a strong reaction might occur at this level, pushing price down to our major support at 130.91 (horizontal pullback support, 100% Fibonacci extension, 76.4% Fibonacci retracement). A breakout below our intermediate support level at 131.58 (horizontal overlap support, 61.8%...
Price is testing our first support at 1.5925 (horizontal pullback support, 61.8%, 76.4% Fibonacci retracement) which coincides with our long term ascending support line. A strong bounce might occur above this level, pushing price up to our major resistance at 1.6003 (horizontal overlap resistance, 38.2% Fibonacci retracement) which coincides with the short term...