Join award-winning trader, Desmond Leong, as he takes on the markets in this live trading session.
Price could fall to our buy entry at 0.8688, which is a pullback support level, aligning with the 61.8% fibo retracement and 78.6% fibo projection. Our stop loss is at 0.8669, which is beyond the 78.6% fibo retracement. Take profit is at 0.8719, which is a swing high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high...
Price is rising towards our buy entry at 1.8263, which is a multi-swing high resistance level. We will have buy stops ready for when price breaks out of this resistance zone. Our stop loss is at 1.8158, which is a pullback support level. Take profit is at 1.8360, which is a swing high resistance level, aligning with the 61.8% fibo projection. High Risk...
Price could rise towards our sell entry at 1.9391, which is a pullback resistance level, aligning with the 61.8% fibo retracement and 161.8% fibo extension. Our stop loss is at 1.9518, which is above the swing high resistance level. Take profit is at 1.9257, which is a pullback support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a...
Price is rising towards our sell entry at 186.63, which is a swing high resistance level, aligning with the 161.8% fibo extension and -61.8% fibo expansion. Our stop loss is at 186.97, which is above the fibo confluence zone. Take profit is at 185.80, which is a pullback support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high...
Price could retest the neckline of the head and shoulders pattern formed, which is at our sell entry at 96.58, and at the 50% fibo retracement. Our stop loss is at 97.14, which is above the swing high resistance level and right shoulder. Take profit is at 96.04, which is a pullback support level, before the 50% fibo retracement. High Risk Investment Warning...
Price could react to our buy entry at 0.9022, which is a pullback support level. Price failed to create a lower low, and is now creating higher lows. Hence, we can look to enter buy positions to ride the short term bullish trend. Our stop loss is at 0.8971, which is below the swing low support level. Take profit is at 0.9068, which is a swing high resistance...
GBP/CAD is trading very close to an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 1.68678 which is an overlap support. Stop loss is at 1.67180 which is a level that sits under a pullback support that aligns with the 38.2% Fibonacci retracement level. Take profit is at 1.70881 which is an overlap resistance. High...
Silver (XAG/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 22.387 which is a pullback support. Stop loss is at 22.000 which is a level that sits under an overlap support. Take profit is at 23.125 which is an overlap resistance. High Risk Investment Warning Trading Forex/CFDs on margin...
The Kiwi (NZD/USD) is approaching an overlap support. Could the bearish momentum trigger a breakout below this level to drop lower? Sell entry is at 0.59171 which is an overlap support. ( Wait for confirmation of bearish breakout on the 1hour timeframe. ) Stop loss is at 0.59530 which is a level that sits above the 38.2% Fibonacci retracement level. Take profit...
WTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 77.252 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 78.600 which is a level that sits above a pullback resistance that aligns with the 38.2% Fibonacci retracement...
The Aussie (AUD/USD) could fall towards a pullback support and potentially bounce off this level to climb higher. Buy entry is at 0.63931 which is a pullback support that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 0.63588 which is a level that aligns with the 78.6% Fibonacci retracement level that sits under a pullback support. Take...
Price could potentially retest this level of pullback support after it has broken multiple structures. Our buy entry is at 1.9190, which is a pullback support level. Stop loss is at 1.9127, which is below the swing low support level. Take profit is at 1.9255, which is a swing high resistance level, slightly below the 161.8% fibo extension and at the 78.6% fibo...
Price is testing the multi-swing high resistance level, and we could potentially see price taking out liquidity, and causing a breakout. Our buy entry is at 15274.4, which is a multi-swing high resistance level. Stop loss is at 15055.8, which is below the multi-swing low support level/double bottom. Take profit is at 15553.1, which is a swing high resistance...
USD/CAD could fall towards an overlap support and potentially bounce off this level to climb higher. Buy entry is at 1.37368 which is an overlap support. Stop loss is at 1.36730 which is a level that sits under the 61.8% Fibonacci retracement level and an overlap support. Take profit is at 1.38409 which is a level that aligns with the 78.6% Fibonacci...
Join FXCM senior market specialist Russell Shor for AMZN technical analysis.
Price could fall to our buy entry at 15009.3, which is a pullback support level, aligning with the 50% fibo retracement and slightly below the 61.8% fibo projection. Our stop loss is at 14896.5, which is below the 50% fibo retracement and 100% fibo projection. Take profit is at 15222.4, which is a swing high resistance level. High Risk Investment Warning...
Price could react off our sell entry at 1.3786, which is a pullback resistance level, and also at a fibo confluence zone, consisting of the 61.8% fibo retracement and 61.8% fibo projection. Our stop loss is at 1.3856, which isabove the 78.6% fibo retracement. Take profit is at 1.3642, which is a swing low support level. High Risk Investment Warning Trading...