CAD/CHF is rising towards a potential breakout level and could breakthrough this level to climb higher. Buy entry is at 0.65371 which is a potential breakout level. Stop loss is at 0.64470 which is a level that lies underneath a pullback support and the 38.2% Fibonacci retracement level. Take profit is at 0.66733 which is a pullback resistance. High Risk...
EUR/NZD is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 1.76798 which is a pullback support that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 1.76110 which is a level that lies underneath a pullback support. Take profit is at 1.77781 which is a level that aligns with the...
The Aussie (AUD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.66440 which is a pullback resistance. Stop loss is at 0.66830 which is a level that sits above the 50.0% Fibonacci retracement level and the swing-high resistance. Take profit is at 0.65578 which is an overlap support that...
News commentary and technical analysis, everyday Tuesday & Thursday 10 minutes before Wall Street opens, by FXCM’s Senior Financial Editorial Writer Nikos Tzabouras
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NZDJPY is rising towards a pullback resistance, price could breakout and rise to take profit level. Buy entry is at 90.972 which is a pullback resistance that aligns closely with the 23.6% Fibonacci retracement. Stop loss is at 90.502 which is a level that lies underneath an overlap support. Take profit is at 91.842 which is a pullback resistance which also...
EURJPY is rising towards an overlap resistance, a breakout could lead the price to rise to take profit level. Buy entry is at 161.867 which is an overlap resistance. Stop loss is at 160.294 which is a level that lies underneath a pullback support which also aligns with 61.8% fibonacci retracement. Take profit is at 163.574 which is a swing-high...
WTI oil (USOIL) has just bounced off a pullback support and could potentially climb higher from here. Buy entry is at 77.293 which is a pullback support. Stop loss is at 75.600 which is a level that lies underneath a pullback support. Take profit is at 79.914 which is a pullback resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a...
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CHFJPY is falling towards an overlap support, price could break below this level and fall towards the take profit level. Sell entry is at 167.042 which is an overlap support. Stop loss is at 168.000 which is a level that lies underneath a pullback resistance. Take profit is at 165.624 which is a pullback support. High Risk Investment Warning Trading Forex/CFDs...
EURGBP is is rising towards the pullback resistance, price could potentially reverse from there and fall to multi-swing low support. Sell entry is at 0.85331 which is a pullback resistance aligning closely with the 50% Fibo retracement. Stop loss is at 0.85606. Take profit is at 0.84995 which is multi-swing-low support level. High Risk Investment...
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EURUZD could fall towards our buy entry and from there it could bounce off the buy entry and rise to take profit. Buy entry will be at 1.76903, the pullback support. Our take profit will be at 1.78598, which is a swing-high resistance. The stop loss will be placed at 1.76030 the pullback support which aligns with 61.8% Fibonacci retracement.. High Risk...
USDCAD is falling towards our buy entry, it could bounce off the buy entry and rise to take profit level. Buy entry will be at 1.34481, the overlap support. Our take profit will be at 1.35298, which is an overlap resistance. The stop loss will be placed at 1.33673 the swing-low support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high...
USDCHF is falling towards our sell entry level, it could break below the sell entry and drop to the take profit level. Sell entry will be at 0.87101, the pullback support that aligns with 38.2% Fibonacci retracement. Our take profit will be at 0.85521, which is an overlap support aligning closely with the 61.8% Fibonacci retracement. The stop loss will be...
GBPUSD is trading close to our sell entry, price could rise to the sell entry and reverse from there, then it could drop towards the take profit level. Sell entry will be at 1.28252, the swing-high resistance. Our take profit will be at 1.26947, which is a pullback support. The stop loss will be placed at 1.28757 the overlap resistance. High Risk Investment...
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 a general review of the financial markets.