The above chart shows the weekly FXCM USDOLLAR chart. We note that the higher trough followed by the higher peak has the greenback in uptrend. The momentum of this trend is defined by the gradient of the green trendline. However, we also note higher trough2 followed by higher peak2. These two points are defined by the orange trendline. I.e. the gradient has...
Price is holding above the 200 period MA signifying that price might continue to push upwards. Price is expected to rally up towards the take profit level in line with the 78.6% Fibonacci extension . Our bullish bias is also supported by the stochastic indicator where the K% line is touching the support level and hence would potentially bounce up. Alternatively,...
Price is holding above the 200 period MA signifying that price might continue to push upwards. Price is expected to rally up towards the take profit level in line with the 78.6% Fibonacci extension . Our bullish bias is also supported by the stochastic indicator where the K% line is touching the support level and hence would potentially bounce up. Alternatively,...
NZDCAD is holding below descending trendline resistance within a larger triangle consolidation pattern. A short term drop below our entry at 0.87642 towards triangle support at our take profit level of 0.87218. Stochastic is testing resistance where price dropped in the past as well.
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USDCNH reacting above ascending trendline support. With price breaking above moving average, we see a possibility of a further push up above our entry at 6.47452 towards graphical overlap resistance at 61.8% Fibonacci retracement and our take profit at 6.49267
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USDCHF is reacting above strong graphical swing low. A push up above our entry at 0.91360 towards recent graphical swing high at our profit at 0.92000. Stochastics is also testing support where price bounced in the past.
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Price is holding below the 200period MA and below the descending trendline resistance showing a bearish momentum continuation. Price is expected to push down to up to the 1st Support in line with the 61.8% and 78.6% Fibonacci extension . This bearish bias is further supported by the stochastic indicator, K% line is bounced away from the resistance level and is...
Price is reacting above pivot level at 1.61685 which is in line with 50% Fibonacci retracement level , 100% Fibonacci extension and 50MA. Price may potentially bounce to resistance at 1.62675 which is in-line with 38.2% Fibonacci retracement and 61.8% Fibonacci extension level. Stochastic is also approaching support level where previous bounces...
Price is consolidating inside a symmetrical triangle and approaching our pivot level at 109.990 which is in line with 78.6% Fibonacci retracement level and descending trendline resistance. Price could potentially push down to support at 109.545, which is in line with 78.6% Fibonacci retracement level, 78.6% Fibonacci retracement level and ascending trendline...
Price is reacting below pivot level at 1.37405 which is in line with 50% Fibonacci retracement level , 200% Fibonacci extension and 50MA. Price may potentially drop to support at 1.36580 which is in-line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension level. Stochastic is also approaching resistance level where previous drops...
Price is holding above the ascending trendline support, price is expected to rally upwards towards the resistance in line with the 78.6% Fibonacci extension from the pivot level in line with the 38.2% Fibonacci retracement level . Our bullish bias is further supported by the stochastic chart approaching the strong support which would potentially bounce off and...
AUDCHF holding above ascending trendline support. Technical indicators showing room for further bullish momentum as well. A further push up above our entry at 0.65836 towards our take profit level at 0.66589 could be possible. Our profit level is also a Fibonacci confluence zone where we have long term 50% Fibonacci retracement and -61.8% Fibonacci retracement...
Price is approaching our pivot level at 1,796.49 which is in line with -27.2% Fibonacci retracement level and 78.6% Fibonacci extension level and horizontal overlap resistance. Price could potentially drop towards support at 1,761.94, in line with 23.6% Fibonacci retracement level , 61.8% Fibonacci extension level and 50MA. Stochastic is also at resistance level...
USDCAD facing bullish pressure above our entry at 1.25991. After having dropped so strongly, price is now due for a rebound above 78.6% Fibonacci retracement level. Stochastic is also testing support where price bounced in the past with a possible upside take profit level at 1.26909.
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Price is approaching above pivot level at 1.36427 which is in line with 50% Fibonacci retracement level and 100% Fibonacci extension . Price may potentially drop towards our support at 1.36750, which coincides with 38.2%, 50% Fibonacci retracement level and 20EMA. Stochastic is also at descending trendline resistance where previous drops occurred.
Alternatively,...
GBPAUD holding below descending trendline resistance. With technical indicators showing room for further bearish momentum, a short term drop below our entry at 1.90225 towards our profit level where we have long term 61.8% Fibonacci retracement at 1.89122 could be possible.
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Price level just bounced off the pivot level and price is expected to rise upwards to the previous swing high in line with the 78.6% Fibonacci retracement and 61.8% Fibonacci extension . Our bullish bias is further supported by the stochastic indicator bouncing off the strong support moving towards the resistance.
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Price is reacting below our pivot level at 0.69000 which is in line with 38.2% Fibonacci retracement level and horizontal overlap resistance. Price could potentially pull-back to support at 0.68550 which coincides with 38.2%, 50% Fibonacci retracement level and 20EMA. Stochastic is also at descending trendline resistance for a possible pull-back.
Alternatively, if...
