The dollar saw strong bids overnight as robust macroeconomic data (unemployment claims and Composite PMI) functioned as bullish catalysts.
With Federal Reserve Chairman Jerome Powell kicking things off at the Jackson Hole Symposium later today, could we see another round of higher demand for the greenback and thus a further a decline in EUR/USD?
High Risk...
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 5593.53, which is a pullback resistance
Our take profit will be at 5504.44, a pullback support level close to 23.6% Fibo retracement.
The stop loss will be at 5673.53, a swing high resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a...
Based on the H4 chart analysis, we can see that the price is currently at our sell entry at 1.3105, a pullback resistance
Our take profit will be at 1.3053, a pullback support close to 61.8% Fibo retracement.
The stop loss will be placed at 1.3131, which is a swing-high resistance."
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high...
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 2500, which is a pullback resistance and a 50% Fibonacci retracement.
Our take profit will be at 2473.37, an overlap support level.
The stop loss will be at 2352.28, a swing-high resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a...
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.1130, which is a pullback resistance and a 38.2% Fibonacci retracement.
Our take profit will be at 1.1048, a pullback support level.
The stop loss will be at 1.1173, a swing low resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a...
The Kiwi (NZD/USD) is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.6194 which is a multi-swing-high resistance.
Stop loss is at 0.6251 which is a level that sits above the 127.2% Fibonacci extension level.
Take profit is at 0.6081 which is an overlap support.
High Risk Investment...
USD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 144.29 which is a pullback support that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 141.53 which is a level that lies underneath a swing-low support.
Take profit is at 149.27 which is a pullback resistance that aligns...
Based on the M30 chart analysis, we can see that the price is rising toward our sell entry at 0.6152, which is a pullback resistance.
Our take profit will be at 0.6084, a pullback support level.
The stop loss will be at 0.6183, above a swing high resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may...
Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 0.8497, which is a pullback support close to 61.8% Fibo retracement and 127.2% Fibo extension
Our take profit will be at 0.8530, a pullback resistance
The stop loss will be placed at 0.8459, which is a pullback support level.
High Risk Investment Warning
Trading...
Based on the H1 chart analysis, we can see that the price is falling to our sell entry at 0.6730.
Our take profit will be at 0.6639, a pullback support
The stop loss will be placed at 0.6801, which is above the swing-high resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all...
Based on the H1 chart analysis, we can see that the price is falling to our sell entry at 1.3084.
Our take profit will be at 1.3040, a pullback support
The stop loss will be placed at 1.3121, which is above the swing-high resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all...
DJIA (US30) is rising towards a swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 41,032.64 which is a swing-high resistance.
Stop loss is at 41,523.00 which is a level that sits above a swing-high resistance at the all-time high.
Take profit is at 40,417.18 which is a pullback support.
High Risk Investment...
The Aussie (AUD/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 0.6717 which is a pullback support.
Stop loss is at 0.6662 which is a level that lies underneath a pullback support.
Take profit is at 0.6790 which is a swing-high resistance.
High Risk Investment Warning
Trading Forex/CFDs...
USD/CAD is falling towards a potential breakout level and could drop lower from here.
Sell entry is at 1.3602 which is a potential breakout level.
Stop loss is at 1.3657 which is a level that sits above an overlap resistance.
Take profit is at 1.3560 which is a pullback support.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level...
WTI oil (USOIL) is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 74.24 which is an overlap resistance that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 75.00 which is a level that sits above a pullback resistance.
Take profit is at 72.18 which is a pullback support.
High...
Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 0.8512, which is an overlap support close to 78.6% Fibo retracement.
Our take profit will be at 0.8615, a pullback resistance.
The stop loss will be placed at 0.8444, which is a swing support level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high...
Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 2519, which is a pullback resistance.
Our take profit will be at 2484, an overlap support close to 50% Fibo retracement.
The stop loss will be placed at 2541.41, above a swing-high resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin...
Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 1.3033, which is a multi-swing high resistance.
Our take profit will be at 1.2941, an overlap support level.
The stop loss will be placed at 1.3094, which is a swing-high resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high...
