GBPUSD holding below long term descending trendline. With price holding below graphical overlap resistance and 61.8% Fibonacci retracement , a short term drop below our entry at 1.38000 towards graphical swing low and our take profit at 1.36051 can be expected. Stochastic is testing resistance where price pulled back lower in the past as well.
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Price is reaction insde our pivot level at 47,786 which is in line with 61.8% Fibonacci retracement level, 61.8% Fibonacci extension level and ascending trendline support. Price could potentially bounce towards resistance at 49,720.60 which is in-line with 78.6% Fibonacci retracement level and 61.8% Fibonacci extension level. Stochastic has also further bullish...
UKOIL holding below long term descending trendline resistance. A further drop below our entry zone at 72.57 towards our take profit level at 69.54 could be likely. Our entry zone has a strong Fibonacci confluence level where we have both the 100% Fibonacci extension and 78.6% Fibonacci retracment level lining up. Stochastics is reacting below resistance where...
AUDUSD holding below long term descending trendline resistance. A short term drop below graphical overlap resistance where we also have 78.6% Fibonacci retracement could be possible. Sellers may look to short around the 0.73228 region with possible downside target at our take profit level of 0.72223. Stochastics is testing resistance where price pulled back in the...
USDCAD holding above ascending trendline support. It is possible to look for an entry around the 1.25809 region where we have 78.6% FIbonacci retracement and graphical overlap support level with a potential target at the recent swing high and take profit at 1.27216. Stochastic is approaching support where price bounced in the past as well.
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Price is retesting the trendline breakout at our pivot level at 109.730 which is in line with 61.8% Fibonacci retracement level, 61.8% Fibonacci extension level and trendline support. Price could potentially swing towards resistance at 110.44, which is in line with 78.6% Fibonacci retracement level and 100% Fibonacci extension level.
Alternatively, price may drop...
Price is reacting below our pivot level at 0.70080 which is in line with 78.6% Fibonacci retracement level and 61.8% Fibonacci extension level. Price could potentially drop to support at 0.69380 which coincides with 38.2% Fibonacci retracement level and 61.8% Fibonacci extension level. Stochastic is also at resistance level where previous drops...
Price is reaction insde our pivot level at 1,816.07 which is in line with -27.2% Fibonacci retracement level, 61.8% Fibonacci extension level and trendline resistance. Price could potentially drop towards support at 1,800 which is in-line with 23.6% Fibonacci retracement level, 78.6% Fibonacci extension level and ascending trendline support. RSI is also at...
GBPJPY holding above ascending trendline support. With technical indicators showing room for further bullish upside, a further push up above our entry at 151.180 towards -27.20% Fibonacci retracement and take profit level at 151.926 could be expected.
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USDCAD Facing bullish pressure above our pivot at 1.26349. A breakout to the upside will see price push towards 1st resistance at 1.27643 could be possible. Stochastics is reacting above support where price bounced in the past as well.
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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,...
