Join FXCM senior market specialist Russell Shor for the morning market review.
The Aussie (AUD/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.65530 which is an overlap resistance that aligns close to the 38.2% Fibonacci retracement level. Stop loss is at 0.65870 which is a level that sits above the 50.0% Fibonacci retracement level and a pullback resistance. Take...
USD/CAD is falling towards a potential breakout level and could drop lower from here. Sell entry is at 1.35791 which is a potential breakout level ( wait for the 1-hour candle to close below 1.35791 for confirmation ). Stop loss is at 1.36240 which is a level that sits above a multi-swing-high resistance. Take profit is at 1.35230 which is a pullback support...
Join FXCM senior market specialist Russell Shor for the morning market review.
Join FXCM senior market specialist Russell Shor for the morning market review.
The Euro (EUR/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 1.08414 which is a pullback support that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 1.09115 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level. Take profit...
USD/CHF could fall towards a pullback support and potentially bounce off this level to climb higher. Buy entry is at 0.89483 which is a pullback support. Stop loss is at 0.89076 which is a pullback support that lies underneath the 50.0% Fibonacci retracement level. Take profit is at 0.90296 which is a level that aligns with the 100.0% Fibonacci projection...
News commentary and technical analysis, everyday Tuesday & Thursday 10 minutes before Wall Street opens, by FXCM’s Senior Financial Editorial Writer Nikos Tzabouras
The Kiwi (NZD/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.60747 which is a pullback support. Stop loss is at 0.60500 which is a level that lies underneath a pullback support. Take profit is at 0.61460 which is a pullback resistance that aligns close to the 61.8% Fibonacci retracememt...
USD/CAD is falling towards a potential breakout level and could potentially drop lower from here. Sell entry is at 1.34684 which is a potential breakout level ( wait for the 1-hour candle to close below 1.34684 for confirmation ). Stop loss is at 1.35083 which is an overlap resistance. Take profit is at 1.34378 which is a multi-swing-low support. High Risk...
WTI oil (USOIL) is falling towards an ascending trendline and could potentially break under this level to drop lower. Sell entry is at 82.329 which is a potential breakout level ( wait for the 1-hour candle to close under 82.329 for confirmation ). Stop loss is at 84.520 which is a level that sits above the recent pullback resistance. Take profit is between...
CHF/JPY could fall towards an overlap support and potentially bounce off this level to climb higher. Buy entry is at 169.724 which is an overlap support. Stop loss is at 169.100 which is a level that lies underneath an overlap support. Take profit is at 170.612 which is a swing-high resistance. High Risk Investment Warning Trading Forex/CFDs on margin...
Join FXCM senior market specialist Russell Shor for the morning market review.
The Aussie (AUD/USD) could rise towards a potential breakout level and climb higher from here should we see a hawkish monetary policy statement at 3:30 am GMT as well as a hawkish press conference by RBA Governor Michele Bullock at 4:30 am GMT. Buy entry is at 0.65826 which is a potential breakout level. Stop loss is at 0.65220 which is a level that lies...
EUR/JPY could fall towards a potential breakout level and drop lower from here should we see the BoJ finally raises interest rates today (19th March). Sell entry is at 161.877 which is a potential breakout level. Stop loss is at 162.800 which is a level that sits above an overlap resistance. Take profit is at 160.380 which is a pullback support that aligns...
News commentary and technical analysis, everyday Tuesday & Thursday 10 minutes before Wall Street opens, by FXCM’s Senior Financial Editorial Writer Nikos Tzabouras
Join FXCM senior market specialist Russell Shor for the morning market review.
The Kiwi (NZD/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.60745 which is a pullback support that aligns close to the 100.0% Fibonacci projection level. Stop loss is at 0.60280 which is a level that lies underneath a multi-swing-low support. Take profit is at 0.61364 which is an...