Market analysis from FXCM
The daily chart shows XAUUSD's upwards bias. The hourly indicators have turned bullish.
Join FXCM senior market specialist, Russell Shor, as he uses a visual system to identify market trends based on Bollinger Bands.
The Tidal Shift Strategy has just bought EURAUD at 1.55551. The system recommends entering this trade at any price between 1.55278 and 1.55824. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -1.38916, which suggests that the EURAUD could be trending upwards.The 14-period...
Prices are facing bullish pressure from ascending trendline support, horizontal swing low support, 50% Fibonacci extension and 61.8% Fibonacci retracement . Prices might push up towards 78.6% Fibonacci extension and -27.2% Fibonacci retracement fibonacci confluence zone. Prices might push down further and take support from horizontal swing low support, in line...
Prices are facing bullish pressure from ascending trendline support, horizontal swing low support, 50% Fibonacci extension and 61.8% Fibonacci retracement. Prices might push up towards 78.6% Fibonacci extension and -27.2% Fibonacci retracement fibonacci confluence zone. Prices might push down further and take support from horizontal swing low support, in line with...
The Breakout Opportunities system has just bought EURJPY at 132.397. The system recommends entering this trade at any price between 132.279 and 132.544. The signal was issued because the EURJPY has broken its 24-hour high while our Speculative Sentiment Index was at -2.122, suggesting that the EURJPY may have further to rise. A stop loss has been set at the...
Prices are facing bullish pressure from ascending trendline support, in line with horizontal swing low support, 61.8% Fibonacci retracement and 78.6% Fibonacci extension . Prices might push up towards horizontal swing high resistance which coincides with 78.6% Fibonacci extension . If prices push down further, prices might take support from horizontal swing low...
Prices are facing bullish pressure from ascending trendline support, in line with horizontal swing low support, 61.8% Fibonacci retracement and 78.6% Fibonacci extension. Prices might push up towards horizontal swing high resistance which coincides with 78.6% Fibonacci extension. If prices push down further, prices might take support from horizontal swing low...
Prices are approaching our support in line with our 50% retracement and 78.6% extension where we could see a bounce above this level.
Prices are approaching our support in line with our 50% retracement and 78.6% extension where we could see a bounce above this level.
Prices are facing bearish pressure from horizontal swing high resistance, in line with 127.2% Fibonacci retracement and 127.2% Fibonacci extension. Prices might push down towards 1st support in line with horizontal swing low support which coincides with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. If prices push up further, prices might face...
Prices are facing bearish pressure from horizontal swing high resistance, in line with 127.2% Fibonacci retracement and 127.2% Fibonacci extension. Prices might push down towards 1st support in line with horizontal swing low support which coincides with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. If prices push up further, prices might face...
Prices are facing bearish pressure from our descending trend line and resistance where we could see a reversal below this level.
Prices are facing bearish pressure from our descending trend line and resistance where we could see a reversal below this level.
The Breakout Opportunities system has just bought AUDJPY at 85.44. The system recommends entering this trade at any price between 85.26 and 85.595. The signal was issued because the AUDJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.756, suggesting that the AUDJPY may have further to rise. A stop loss has been set at the 24-hour low...
Prices are facing bearish pressure from our resistance where we could see a reversal below this level. Ichimoku cloud and EMA are showing signs of bearish pressure as well.
Prices are facing bearish pressure from our resistance where we could see a reversal below this level. Ichimoku cloud and EMA are showing signs of bearish pressure as well.
The Breakout Opportunities system has just bought EURUSD at 1.20796. The system recommends entering this trade at any price between 1.20648 and 1.20938. The signal was issued because the EURUSD has broken its 24-hour high while our Speculative Sentiment Index was at -2.14442, suggesting that the EURUSD may have further to rise. A stop loss has been set at the...