EURJPY is approaching its resistance at 129.14 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse to its support at 128.17 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 97% where a...
NZDCHF is approaching our first support at 0.6788 (horizontal overlap support, 23.6%, 78.6% Fibonacci retracement , 100% Fibonacci extension ) where a strong bounce might occur above this level pushing price up to our major resistance at 0.6850 (50% Fibonacci retracement , horizontal swing high resistance ). Stochastic (34,5,3) is also approaching support and we...
NZDCHF bounced off its support at 0.6785 (100% Fibonacci extension, 23.6% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 0.6891 (61.8% Fibonacci extension , 76.4% Fibonacci retracement). Stochastic (89, 5, 3) bounced off its support at 1.1% where a corresponding rise could occur.
NZDCHF is approaching our first support at 0.6788 (horizontal overlap support, 23.6%, 78.6% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.6896 (76.4% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (21,5,3) is also approaching support and we might see...
EURAUD is approaching its resistance at 1.5752 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 1.5498 (61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (89, 5, 3) is approaching its resistance at 92% where a corresponding reversal could occur.
This pair is starting to show some signs of bearishness after running into the long-term down trendline. After nearly hitting 80 on the RSI (which shows some level of overbought), it now shows a bearish divergence which hints at further price weakness. Hence there is a high chance we will be seeing some correction.
The EURUSD is seen to be trading around 1.1360 levels at this point in writing after having carved a higher low at 1.1305, on Friday. Ideally, it should remain above 1.1213 levels going forward, to keep the medium term bullish structure intact. At a higher degree wave count, EURUSD seems to be unfolding into an (A)-(B)-(C) correction since mid August 2018, after...
- Price action above cloud and major moving averages - The pair has bounced off strong support at 0.6730 (nearly converged 21-EMA and 200-DMA) - Momentum studies are bullish, RSI is at 71 with strong upside bias - MACD is on verge of bullish crossover on signal line - 5-DMA is immediate support at is sharply higher Support levels - 0.6841 (5-DMA), 0.6817 (61.8%...
EURGBP is approaching its resistance at 0.8927 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 0.8824 (38.2% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
EURJPY reversed off its resistance at 129.30 (100% & 61.8% Fibonacci extension, horizontal swing high resistance) where it could potentially drop further to its support at 128.84 (76.4% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) reversed off near its resistance at 96% where a corresponding drop could occur.
EURGBP is approaching its resistance at 0.8927 (100% Fibonacci extensionx2, 61.8% Fibonacci retracement , horizontal swing high resistance) where it could potentially reverse down to its support at 0.8824 (38.2% Fibonacci retracement , horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
EURUSD is approaching its resistance at 1.1423 (76.4% & 61.8% Fibonacci extension , 76.4% Fibonacci retracement , horizontal swing high resistance) where it could potentially reverse down to its support at 1.1350 (50% Fibonacci retracement , horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal...
EURGBP is approaching its support at 0.8825 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.8876 (50% Fibonacci retracement, horizontal overlap resistance). Stochastic (89, 5, 3) is approaching its support at 2.4% where a corresponding bounce could occur.
EURCAD is approaching its support at 1.4967 (61.8%& 100% Fibonacci extension, 50% & 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.5079 (61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic (89, 5, 3) is approaching its support at 5.8% where a corresponding bounce could occur.
EURUSD is approaching its support at 1.1189 (100% & 61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.1374 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance). Stochastic (89, 5, 3) is approaching its support at 1.2% where a...
The EURUSD dropped yesterday towards 1.1327 levels before closing the week at 1.1335 levels. Please note that potential remains for a drop towards 1.1312/15 levels, before resuming rally. Looking into the short term wave counts, it seems that a lower degree waves i and ii might be in place with wave i terminating around 1.1470/75, while wave ii at 1.1327 levels...
General direction is moving higher, price is pulling back and we can see clear buy sensitivity. Looking for price to continue to build support and push higher to its previous swing high.