Market analysis from easyMarkets
AUDUSD is dropping perfectly and we see our 1st major resistance at 0.7567 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension, bearish Ichimoku cloud). Our next major support is at 0.7525 (Fibonacci extension, horizontal swing low support). Stochastic (89,5,3) I seeing major resistance below 96% where a corresponding reaction could occur. ...
AUDCAD is testing major resistance at 0.9717 (Fibonacci retracement, horizontal overlap resistance, bearish divergence) and a strong reaction could occur at this level to push prices down to major support at 0.9644 (Fibonacci retracement, horizontal pullback support). Stochastic (55,5,3) is seeing major resistance at 91% where a corresponding reaction could occur....
GBPJPY plummeted perfectly and reached our major support level. We can see that it has broken major support-turned-resistance at 147.09 (Fibonacci retracement, horizontal overlap resistance, bearish ichimoku cloud) and a further drop could occur pushing prices all the way down to major support at 145.10 (Fibonacci extension, horizontal swing low support). RSI (55)...
GBPJPY has dropped really nicely and is now below our major support-turned-resistance line at 148.43 (Fibonacci retracement, horizontal overlap resistance). There is strong bearish momentum as we have broken out of our ascending support line and also remain below our bearish Ichimoku cloud. Our next major support is at 147.14 (Fibonacci extension, horizontal swing...
USDJPY is in a strong ascending channel and is now testing strong 1st support at 110.51 (Fibonacci retracement, Fibonacci extension, horizontal pullback support) and a strong bounce could occur at this level to push prices up towards major resistance at 111.40 (Fibonacci extension, horizontal swing high resistance)., Stochastic (34,5,3) is seeing major support...
EURUSD has started to drop strongly after breaking through our Ichimoku cloud support and also reacting nicely off 1st resistance at 1.1822 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance). We need to look for bearish opportunities on strength as with all this bearish momentum, price might drop further to major support at 1.1720 (major...
USDCAD is testing major resistance at 1.2842 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and we could see a strong reaction off this level to push prices down towards major support at 1.2750 (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance below 94% where a corresponding reaction...
GBPJPY has dropped nicely from our major resistance and has broken below support-turned-resistance line at 149.12 (horizontal overlap resistance, Fibonacci retracement). However, we’re seeing intermediate ascending support that needs to be broken to trigger a bearish acceleration downwards towards 148.38 before 147.14 major support (Fibonacci extension, horizontal...
AUDUSD is testing major resistance at 0.7599 (Fibonacci retracement, multiple Fibonacci extension) and a strong reaction could occur at this level to push prices down to major support at 0.7546 (Fibonacci retracement, horizontal pullback support). Stochastic (55,5,3) is seeing major resistance below 97% where a corresponding reaction could occur. Trading CFDs on...
AUDJPY is rising strongly and approaching major 1st resistance at 84.81 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance) and a strong reaction could occur at this level to push prices all the way down to major support at 82.96 (Fibonacci retracement, Fibonacci extension). Stochastic (55,5,3) is seeing major resistance at 97% where a...
CADJPY is testing major 1st resistance at 87.34 (Fibonacci retracement, multiple Fibonacci extension, horizontal pullback resistance) and a strong reaction could occur at this level to push prices all the way down to major support at 80.58 (Fibonacci extension, horizontal swing low support). Stochastic (55,5,3) is seeing major resistance at 98% where a...
AUDJPY is testing major resistance at 83.36 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance, descending resistance, bearish divergence) and a strong drop could occur from here pushing price down to major support at 82.25 (Fibonacci extension, horizontal swing low support). Stochastic (55,5,3) is seeing major resistance below 96% where a...
XAUUSD (Gold) is testing major support at 1286.39 (Multiple Fibonacci extensions, Fibonacci retracement, bullish price action, bullish divergence) and a strong bounce could occur at this level to push price up to its first major resistance at 1302.80 (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance). Stochastic (55,5,3) is seeing major...
USDCHF is testing major resistance at 1.0040 (Fibonacci extension, Fibonacci retracement, major swing high resistance) and a strong reaction could occur at this level to push prices all the way down to first major support at 0.9731 (Fibonacci retracement, horizontal overlap support). Stochastic (89,5,3) is seeing major resistance at 97% where a corresponding...
EURJPY is seeing strong bearish pressure from our descending resistance line and bearish ichimoku cloud. Our 1st major resistance is at 132.05 (Fibonacci retracement, fibonacci extension, horizontal pullback resistance) where price might make a rally to before seeing it react off to continue on its bearish descent. RSI (89) sees a long term descending resistance...
NZDUSD is under strong bearish pressure and see our 1st resistance at 0.6920 (Fibonacci retracement, horizontal overlap resistance, bearish ichimoku cloud, bearish channel) and a strong reaction could occur at this level to push prices down further towards major 1 year swing low support at 0.6784. Trading CFDs on margin carries high risk. Losses can exceed the...
Bitcoin is dropping nicely towards major support at 7648 (Fibonacci extension, Fibonacci retracement, horizontal swing low support) and a strong bounce could occur at this level to push prices up to major resistance at 8103 (Fibonacci retracement, horizontal pullback resistance). Stochastic (55,5,3) is seeing major support above 10% where a corresponding bounce...
GBPJPY is testing major resistance at 149.86 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push prices down to major support at 147.14 (Fibonacci extension, horizontal swing low support). Stochastic (55,5,3) is seeing major resistance at 94% where a corresponding reaction could...