Market analysis from Tickmill
GBPUSD reacted off our resistance at 1.4096 (50% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing high resistance). A strong reaction might occur at this level, pushing price down to our major support at 1.4013 (horizontal swing low support, 50% Fibonacci retracement, 100% Fibonacci extension,). RSI (55) is also facing bearish pressure from its...
XAUUSD has reacted off its resistance at 1341.91 (horizontal overlap resistance, 61.8% Fibonacci retracement, price action). A strong reaction might occur at this level pushing price down to our major support at 1328.43 (horizontal pullback support, 76.4% Fibonacci retracement). Stochastic (21,5,3) is also reacting off its major resistance at 97%, a good...
AUDNZD is approaching our first resistance at 1.0636 (horizontal overlap resistance, 50% Fibonacci retracement) which coincides with the short term descending resistance line. A strong reaction might occur at this level, pushing price down to our major support at 1.0556 (horizontal swing low support). A breakout of our intermediate support at 1.0596 (horizontal...
USDJPY is approaching our first support at 105.82 (horizontal pullback support, 50% Fibonacci retracement, 61.8% Fibonacci extension). A strong bounce might occur at this level pushing price up to our major resistance at 107.02 (horizontal swing high resistance, 23.6% Fibonacci retracement). Stochastic (55,5,3) is also approaching our support at 5%, in line with...
USDJPY broke out of its horizontal resistance-turned-support level at 105.60 (horizontal overlap support, breakout level). A strong bounce could occur at this level pushing price up to our major resistance at 106.67 (horizontal swing high resistance, 76.4% Fibonacci retracement, 100% Fibonacci extension) which coincides with the long term descending resistance...
USDJPY broke out of its horizontal resistance-turned-support level at 105.60 (horizontal overlap support, breakout level). A strong bounce could occur at this level pushing price up to our major resistance at 106.67 (horizontal swing high resistance, 76.4% Fibonacci retracement, 100% Fibonacci extension) which coincides with the long term descending resistance...
Price is testing our first support at 1328.73 (horizontal overlap support, 76.4% Fibonacci retracement) which coincides with our short term ascending support line. A strong bounce might occur above this level to push price up to our major resistance at 1340.80 (61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (21,5,3) is also approaching our...
EURJPY is testing our first resistance at 131.35 (horizontal swing high resistance, short term descending resistance line, 78.6% Fibonacci retracement). A strong reaction might occur at this level, pushing price down to our major support at 130.52 (horizontal swing low support, 61.8%, 76.4% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (55,5,3)...
Price is approaching our first resistance at 107.12 (61.8%, 100% Fibonacci extension, horizontal swing high resistance, 23.6% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 106.16 (horizontal swing low support, 61.8% Fibonacci extension). Stochastic (21,5,3) is approaching our major resistance...
AUDJPY is approaching our first resistance at 82.50 (horizontal overlap resistance, 50% Fibonacci retracement). A breakout above this level might cause a strong rally up to our second resistance at 83.56 (horizontal pullback resistance, 76.4% Fibonacci retracement). Price also broke the long term descending resistance-turned-support line and we are also seeing a...
CHFAUD is approaching our first support at 1.3510 (horizontal overlap support, 61.8%, 100% Fibonacci extension, 61.8% Fibonacci retracement). A strong bounce might occur at this level, pushing price up to our major resistance at 1.368 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (21,5,3) is also...
DXY broke out of our descending resistance. A strong rally might occur at 90.08, pushing price up to our major resistance at 90.46 (horizontal swing high resistance, 76.4% Fibonacci retracement 100% Fibonacci extension). RSI (89) is also facing bearish pressure from our major descending resistance line and a breakout of this level might be a good precursor of a...
USDJPY is approaching our first support at 105.55 (61.8% Fibonacci retracement, 100% Fibonacci extension). A strong bounce might occur at this level, pushing price up to our major resistance at 106.12 (38.2% Fibonacci retracement, Horizontal pullback resistance). Stochastic (21,5,3) is also approaching its major support at 12%, in line with the potential...
DXY is reacting off our major resistance at 90.16 (61.8%, 78.6% Fibonacci retracement, Horizontal swing high resistance) which coincides with our short term descending resistance line. A strong reaction might occur at this level, pushing price down to our major support at 89.26 (76.4% Fibonacci retracement, 61.8% Fibonacci extension, Horizontal swing low support)....
BTCUSD is approaching our first resistance at 7227.6 (Horizontal overlap resistance, 100% Fibonacci extension). Should price surpass this level, a strong rally might occur pushing price up to our second resistance at 8280.0 (horizontal overlap resistance, 38.2%, 76.4% Fibonacci retracement, 100% Fibonacci extension). RSI (34) is also seeing a bullish exit along...
AUDUSD is approaching our first resistance at 0.7704 (horizontal overlap resistance, 23.6%, 38.2%, 50% Fibonacci retracement) which coincides with the short term descending resistance line. A strong reaction might occur at this level, pushing price down to our major support at 0.7643 (horizontal swing low support, 61.8% Fibonacci extension). Stochastic (34,5,3)...
NZDUSD is approaching our first resistance at 0.7261 (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). A strong reaction might occur at this level, pushing price down to our major support at 0.7187 (horizontal swing low support, 78.6% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (55,5,3) is also approaching...
CADJPY is reversing nicely from our major resistance level at 82.73 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance, bearish divergence) and a strong drop could occur from here. We’re seeing intermediate support at 82.40 (horizontal overlap support, Fibonacci retracement) which needs to be broken to trigger a bigger drop down to major...