Market analysis from FXCM
The Breakout Opportunities system has just bought EURJPY at 130.427. The system recommends entering this trade at any price between 130.292 and 130.57. The signal was issued because the EURJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.576, suggesting that the EURJPY may have further to rise. A stop loss has been set at the 24-hour...
The Breakout Opportunities system has just sold USDCHF at 0.92416. The system recommends entering this trade at any price between 0.92293 and 0.92511. The signal was issued because the USDCHF has broken its 24-hour low while our Speculative Sentiment Index was at 5.53585, suggesting that the USDCHF may have further to fall. A stop loss has been set at the 24-hour...
Prices are facing bearish pressure from descending trendline resistance as well as 1st resistance in line with 50% Fibonacci extension and 78.6% Fibonacci retracement . Prices might push downwards towards 1st support, in line with 78.6% FIbonacci extension and 127.2% Fibonacci retracement . If prices push further up from 1st resistance, prices might face...
Prices are facing bearish pressure from descending trendline resistance as well as 1st resistance in line with 50% Fibonacci extension and 78.6% Fibonacci retracement. Prices might push downwards towards 1st support, in line with 78.6% FIbonacci extension and 127.2% Fibonacci retracement. If prices push further up from 1st resistance, prices might face resistance...
Prices are facing bullish pressure from our support and ascending trend line where we could see a further upside above this level.
Prices are facing bullish pressure from our support and ascending trend line where we could see a further upside above this level.
Prices are facing bearish pressure from pullback resistance which is in line with 100% Fibonacci extension and 50% Fibonacci retracement . Prices might push down towards 1st support, in line with 78.6% FIbonacci extension and -27.2% Fibonacci retracement fibonacci confluence area. If prices push up further, prices might face resistance from 2nd resistance in line...
Prices are facing bearish pressure from pullback resistance which is in line with 100% Fibonacci extension and 50% Fibonacci retracement. Prices might push down towards 1st support, in line with 78.6% FIbonacci extension and -27.2% Fibonacci retracement fibonacci confluence area. If prices push up further, prices might face resistance from 2nd resistance in line...
Prices are approaching support where we can see a bounce above this level. 20 EMA and Ichimoku cloud are showing signs of bullish pressure as well, in line with our bullish bias.
Prices are approaching support where we can see a bounce above this level. 20 EMA and Ichimoku cloud are showing signs of bullish pressure as well, in line with our bullish bias.
The Tidal Shift Strategy has just sold GBPUSD at 1.36779. The system recommends entering this trade at any price between 1.36552 and 1.37006. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at -1.01699, which suggests that the GBPUSD could be trending downwards.The 14-period...
Join FXCM senior market specialist Russell Shor as he discusses the current primary market trends.
Price are approaching support in line with our ascending trend line where we could see a bounce above this level. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
Price are approaching support in line with our ascending trend line where we could see a bounce above this level. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
Prices are facing bullish pressure from horizontal swing low support, 61.8% FIbonacci retracement and 127.2% Fibonacci extension . Prices might push up towards 1st resistance which is in line with horizontal swing high resistance and 78.6% FIbonacci extension . If prices fall through ascending trendline, prices might take support from 2nd support which is in line...
Prices are facing bullish pressure from horizontal swing low support, 61.8% FIbonacci retracement and 127.2% Fibonacci extension. Prices might push up towards 1st resistance which is in line with horizontal swing high resistance and 78.6% FIbonacci extension. If prices fall through ascending trendline, prices might take support from 2nd support which is in line...
The Breakout Opportunities system has just bought AUDUSD at 0.76454. The system recommends entering this trade at any price between 0.7634 and 0.76615. The signal was issued because the AUDUSD has broken its 24-hour high while our Speculative Sentiment Index was at -1.56463, suggesting that the AUDUSD may have further to rise. A stop loss has been set at the...
Join FXCM senior market specialist Russell Shor as he performs primary market trend analysis.