AUDUSD facing bullish pressure. With technical indicators showing room for further bullish momentum, a further push up above our entry at 0.72438 towards our take profit at 0.73234 and graphical overlap resistance could be possible.
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Price has broken the descending trendline resistance for both the H4 and the weekly chart, this signifies a bullish momentum Price is expected to be moving towards the take profit level in line with the 127.2% Fibonacci extension level. Our bullish bias is further supported by the MACD reacting above the zero line, MACD line crossing above the signal line and...
Price is seen to be holding below the descending trendline resistance, this signifies a bearish momentum on AUDJPY .(On the weekly chart, the price is still holding within the descending channel .) Price is expected to move towards the take profit level in line with 38.2% Fibonacci retracement level, 78.6% and 100% Fibonacci extension . Our bearish bias is further...
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 reacting at our pivot level at 0.69630 which is in line with 61.8% Fibonacci retracement level, 161.8% Fibonacci extension level and 200MA. Price could potentially drop to support at 0.68940 which coincides with 50% Fibonacci retracement level and 61.8% Fibonacci extension level. Stochastic is also at resistance level where previous drops...
Price broke ascending trendline at our pivot level at 1,788.18 which is in line with 23.6% Fibonacci retracement level and 78.6% Fibonacci extension level. Price could potentially drop towards support at 1,764.03 which is in-line with 50% Fibonacci retracement level and 200% Fibonacci extension level. MACD is also indicating bearish momentum for further...
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...
