UK100 is approaching its resistance at 7235 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance) where it could potentially fall to its support at 7044 (50% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
As we can see from the graph, FX:AUDCHF is on the downtrend channel . We can take an advantage! Sell now SL: 0.73649 TP: 0.71218 This analysis is provided as general market commentary and does not constitute investment advice.
Hi there. Wait for the price to form a continuation pattern and watch strong price action for sell. Down move should be driven by CHF. So, the more CHF go up this pair gonna fall. Watch how is behaving this pair on bigger time frame.
Long term we are bearish but monthly and daily are giving a possible push to the upside. It might take weeks for that to come to play. But for now we remain bearish
Gold prices have remained subdued for now by dropping towards $1218 levels at this moment of writing. Believe it or not, the structure still remains bullish till prices stay above $1212.00, going forward. At the same time, please also note that a drop below $1208 could indicate that a meaningful top is in place at $1245 levels and that the metal is looking lower...
AUDCHF is approaching our first resistance at 0.7315 (horizontal pullback resistance, 61.8%, 76.4% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 0.7217 (horizontal pullback support, 61.8% Fibonacci extension, 23.6% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a...
NZDUSD is approaching its support at 0.6721 (61.8% Fibonacci extension, 50% & 23.6% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.6792 (horizontal swing high resistance). Stochastic (89, 5, 3) is approaching its support at 4% where a corresponding bounce could occur.
USDCAD is approaching its resistance at 1.3172 (100% & 61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 1.3102 (61.8% Fibonacci retracement). Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
We have brought up a 4H wave structure of Gold again, to have a medium term outlook. Please note that since printing lows at $1160 levels, the yellow metal has unfolded into an A-B-C corrective rally, and is within the last leg of potential Wave C termination around $1250 levels (fibonacci 1.271 extension of Wave A). Furthermore, if prices were to attain fibonacci...
The US Dollar Index short term chart might be indicating a dip lower towards 94.70 levels as short term target. Looking at the medium term wave counts, we still remain optimistic of a possibility of an expanded flat A-B-C as shown on chart here. If price action favors the above count, we could see prices dropping lower towards 93.80 at least and also push further...
aud/chf is a lot of pips down to correct a WXY. It is definitely a 3 wave pattern. We could get something that goes sideways or makes an ending diagonal, but its already turned down on the 4hr. Just keep in mind that it may do it in the form of a flat, possibly double topping in the bigger picture. Then depending how things go, it may become a nice buy again.
Aud/Chf is trending up, but counts and measures out as a WXY. This supply zone may be a place to scalp it off (see 1.236 extension), and then leave something to see if it makes a bigger correction.
There is no change from what was discussed yesterday in the US Dollar Index. A potential lower top could be in place at 96.70 levels for now and prices could reverse quite sharply from here. Looking at the short term wave structure, a lower degree wave i and ii seem to be now in place as labelled on charts. Please note that a complex corrective structure might...
EURGBP is testing its support at 0.8731 (76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.8854 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is testing its support at 2.4% where a corresponding bounce could occur.
NZDJPY is approaching its resistance at 75.58 (100% Fibonacci extension, horizontal swing high resistance) where it could potentially reverse down to its support at 73.71 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support). Stochastic (89, 5, 3) is approaching its resistance at 98.8% where a corresponding reversal could occur.
XAUUSD is approaching its resistance at 1239.78 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 1220.38 (61.8% Fibonacci extension, 38.2 Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 95% where a...
A lot of Fibonacci levels converging on the PRZ... Keep an eye on PA as soon as it goes over 0.71913 We need to wait for a totally defined D point, but numbers look like: Entry: 0.71985 SL: 0.724 (aggresive. Couple of pips over 1.414 AB) or 0.7295 (conservative. Couple of pips over X) TP1: 0.71229 (.236 1.82 RR) TP2: 0.70760 (.382 2.97 RR) TP3: 0.70381 (.500 3.86 RR)
Aussie buoyed after robust trade balance data released earlier today. The antipodean also helped by Chinese Caixin Manufacturing PMI data that managed to hold above the 50.0 critical level. Asians stocks are solidly bid Thursday as China's leadership signaled that further stimulus is being planned to counter the economic slowdown. Technical studies are bullish....