Price is below our pivot level at 88.461 which is in-line with 50% Fibonacci extension level. Price could potentially drop towards support at 86.575 in-line with 78.6% Fibonacci extension level. If price bounces, it could potentially swing towards resistance at 89.086 in-line with 78.6% Fibonacci extension level.
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GBPJPY Approaching key graphical swing high level where price tested multiple times. A short term drop below our entry at 153.310 towards recent graphical swing low at 151.171 could be possible. Stochastics is also testing resistance where price dropped in the past as well
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USDCAD Broke below ascending trendline support (now resistance). A further drop below our entry at 1.25190 where we also have graphical overlap resistance towards -27.2% Fibonacci retracement level could be possible. Price is holding below moving average as well.
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Price is below our pivot level at 1.17535 which is in-line with 23.6% Fibonacci retracement level and 20EMA. Price could potentially drop towards support at 1.17141, which is in-line with 61.8% Fibonacci retracement level and 61.8% Fibonacci extension level and swing low support. If price bounces, it could potentially swing towards resistance at 1.17825, in-line...
Price is reacting above our pivot at 110.299 which is in line with 23.6% Fibonacci retracement . Price could potential swing towards support at 109.326 which is in with 78.6% Fibonacci extension . Alternatively, price may swing towards resistance at 110.829 which is in line with 141.4% Fibonacci extension .
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Price is below our pivot level at 0.73836 which is in-line with 61.8% Fibonacci retracement level and descending trendline resistance. Price could potentially drop towards support at 0.73208, which is in-line with 78.6% Fibonacci retracement level and 61.8% Fibonacci extension level and horizontal overlap resistance. If price bounces, it could potentially swing...
Above we see the TLS weekly time frame. Technically, the moving averages are in a bullish stack with the shorter-term green > intermediate orange> longer-term red. Moreover, there is good angle and separation which indicates a strong momentum for the telecom. On a classical charting basis, TLS may have charted a double bottom, which is an accumulation pattern. The...
The above chart show’s FXCM’s USDOLLAR index on a weekly time scale and is reflective of the primary trend. Longer-term charts tend to align with the underlying fundamentals and here we can see a higher trough followed by a higher peak – the technical definition of an uptrend. The greenback is trending up as market participants start anticipating the tapering of...
UKOILSPOT broke above the descending trendline resistance (turn support) and price may bullish from pivot at 71. 01 in line with 38.2% Fibonacci retracement and 38.2% Fibonacci extension to resistance in line with 100% Fibonacci extension . Alternatively, prices may rally down to stop loss at 69.03 in line with 23.6% Fibonacci retracement and 23.6% Fibonacci...
EURJPY broke above descending trendline resistance (now support). A further push up above graphical overlap support and 23.6% Fibonacci retracement at 129.629 towards graphical swing high resistance and our take profit at 129.964 could be possible. Technical indicators are showing room for further bullish momentum as well.
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GBPAUD broke below descending trendline support and is currently trading sideways. A retest of our triple bottom neckline and 23.6% Fibonacci retracement at 1.88449 towards ascending trendline resistance zone at 1.89148 could be possible. Stochastic is also testing support where price bounced in the past.
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Price is at our pivot level at 1.38187 which is in line with 38.2% Fibonacci retracement level, 127.2% Fibonacci extension level and 200MA. Price could potentially bounce towards resistance at 1.38862 which is in-line with 38.2% Fibonacci retracement level and 78.6% Fibonacci extension . Stochastic is also at support where previous bounces occurred.If price may...
Price is reacting below our pivot at 88.718 which is in line with 61.8 Fibonacci extension and 127.2% Fibonacci retracement . Price could potential swing towards support at 86.575 which is in with 78.6% Fibonacci extension . Alternatively, price may swing towards resistance at 89.130 which is in line with 78.6% Fibonacci extension .
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Price has broken under the ascending support turn resistance showing a bearish signal. A potential sell entry level would be 0.73581 in line with the 23.6% Fibonacci extension and 38.2% Fibonacci retracement . The price would potentially drop to the take profit level 0.72880 in line with 27.2% Fibonacci extension (-27.2% Fibonacci retracement ) and 50% Fibonacci...
Price has broken above the descending trendline showing a bullish signal. Potential buying entry at the current level 0.92331 to ride the price action to take profit level at 0.92753 in line with the previous horizontal swing high as well as the 127.2% Fibonacci projection . Stop-loss level at 0.92063 in line with the 78.6% Fibonacci extension . Our bullish bias...
Price is reacting above our pivot level at 1,724.20 which is in line with 38.2% Fibonacci retracement level. Price could potentially swing towards resistance at 1,758.53, which is in line with 50% Fibonacci retracement level, 100% Fibonacci extension level, 20EMA & horizontal overlap resistance.
Alternatively, price may drop to our support at 1,706.36, which...
Price is reversing from the sell entry at 81.352 at 61.8% Fibonacci retracement towards our take profit at 80.598 in line with 61.8 Fibonacci retracement and extension. Otherwise price may rise to stop loss at 81.656 in line with 78.6% Fibonacci extension .
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Price is currently holding below the horizontal overlap resistance in line with the 23.6% Fibonacci retracement and the 61.8% Fibonacci extension . We can expect price to plunge and take support at the 1789.747 level which is in line with the 161.8% Fibonacci retracement and the 161.8% Fibonacci extension . Our bearish bias is further supported by how price is...
