EURCHF is approaching its resistance at 1.1341 (61.8% Fibonacci extension, 61.8%, 50% Fibonacci retracement, Horizontal swing high resistance) where it may drop to its support at 1.1246 (100% Fibonacci extension, Horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding drop may occur.
EURCHF is approaching our first resistance at 1.1373(61.8% Fibonacci retracement , 61.8% Fibonacci extension ) where we might see a drop in price to our first support at 1.1167(horizontal swing low support, 61.8% Fibonacci retracement . 61.8% Fabonacci extension ). Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please...
Believe well see a bounce here, either at the .618 - or at the bottom area of the range. Conservative and Aggressive trades shown.
The Tidal Shift Strategy has just sold EURCHF at 1.12676. The system recommends entering this trade at any price between 1.12556 and 1.12796. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 2.29069, which suggests that the EURCHF could be trending downwards.The 14-period...
GBPJPY is approaching its resistance at 140.93 (100% Fibonacci extension, 50% Fibonacci retracement , horizontal overlap resistance) where it could potentially reverse to its support at 137.46 (Horizontal swing low support, 38.2% Fibonacci retracement ). Stochastic (34, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
EURCHF is approaching our first support at 1.1237 (horizontal swing low support, 61.8%, 100% fiboancci extension, 78.6% fibonacci retracement) and a strong bounce might occur below this level pushing price down to our major resistance at 1.1287 (Horizontal swing low support, 38.2% fiboancci retracement). Stochastic (34,5,3) is also approaching support and we...
CADJPY is testing its resistance at 82.26 (61.8% Fibonacci extension , 38.2% Fibonacci retracement , horizontal overlap resistance) where it could potentially reverse down to its support at 79.36 (61.8% Fibonacci extension , 61.8% Fibonacci retracement , Horizontal swing low support). Stochastic (55, 5, 3) is testing its resistance at 99% where a potential...
AUDJPY is approaching its resistance at 78.59 (38.2% & 61.8% Fibonacci retracement , horizontal overlap resistance) where it could potentially reverse to its support at 75.60 (38.2% Fibonacci retracement ). Stochastic (55, 5, 3) is approaching its resistance at 98% where a potential reversal could occur.
The Trend Follower Strategy has just sold EURCHF at 1.13215. The system recommends entering this trade at any price between 1.13085 and 1.13345. The signal was issued because our Speculative Sentiment Index is extremely negative, with a value of 1.50955. This suggests that the EURCHF could be trending downwards.The 14-period Average True Range on a daily chart is...
EUR/CHF has broken above strong trendline resistance at 1.13 mark, bias bullish. Technical indicators support upside in the pair. Stochs and RSI are biased higher. We evidence a bullish divergence on Stochs on the daily charts which supports upside. Upside has edged lower from cloud base resistance at 1.1337, break above to see upside. 55-EMA is immediate support...
UK100 is bounced off its support at 6613 (50% Fibonacci retracement , horizontal swing low support) where it could potentially rise further to its resistance at 7118 (38.2% Fibonacci retracement , horizontal swing high resistance). Stochastic (55,5,3) is bounced off its support at 3.6% where a further rise could occur.
If EUR/CHF continues to respect the downward channel, we should look for a short opportunity at current market prices.
Nikkei is testing its resistance at 20315 (61.8% Fibonacci extension , 23.6% Fibonacci retracement , horizontal pullback resistance) where it could potentially reverse down to its support at 19079 (100% Fibonacci extension , horizontal swing low support). RSI (55) is approaching its resistance at where a reversal could occur.
CADJPY reversed off its resistance at 80.67 (100% Fibonacci extension, 23.6% Fibonacci retracement, horizontal overlap resistance) where it could potentially drop further to its support at 78.30 (horizontal swing low support). Stochastic (21, 5, 3) reversed off near its resistance at 94% where a corresponding drop could occur.
CADJPY is approaching its resistance at 80.62 (23.6% Fibonacci retracement, horizontal pullback resistance) where it could potentially reverse to its support at 78.75 (61.8% Fibonacci retracement, horizontal swing low support). Stochastic (21, 5, 3) is approaching its resistance at 95% where a corresponding reversal could occur.