Price is approaching pivot level at 1.38305 which is in-line with 38.2% Fibonacci retracement level and 200MA. Price could potentially drop towards support at 1.37710, which is in-line with -27.2%, 50% Fibonacci retracement and horizontal overlap support. If price bounces, it could potentially swing towards resistance at 1.38610, in-line with 78.6% Fibonacci...
XAGUSD broke below descending channel support to the downside. With technical indicators still showing room for further bearish momentum, a further push down below our entry at 23.665 towards graphical swing low and 161.8% Fibonacci extension at our take profit at 22.259 could be possible.
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GBPJPY Facing bearish pressure. Price is currently forming the last leg of what is a possible double top pattern. A drop below our entry at 152.696 where we have graphical overlap resistance towards our take profit at 151.540 could be possible. Our take profit also falls in line with a possible double top neckline. Price is also holding below moving average as...
Price may bullish above the pivot at 0.73159 in line with 61.8% Fibonacci extension to take profit at 0.73926 in line with 61.8 Fibonacci retracement and 78.6% Fibonacci extension . Otherwise, price may retrace to stop loss at 0.72894 in line with 78.6% Fibonacci extension .
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Price is below our pivot level at 78.066 which is in-line with 78.6% Fibonacci retracement . Price could potentially drop towards support at 76.097 in-line with 50% Fibonacci extension . If price bounces, it could potentially swing towards resistance at 78.77 in-line at horizontal swing high.
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Price is below our pivot level at 81.581 which is in-line with 78.6% Fibonacci extension level. Price could potentially drop towards support at 80.598 in-line with 61.8% Fibonacci retracement level. If price bounces, it could potentially swing towards resistance at 81.944 in-line with 100% Fibonacci extension level.
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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...
