USD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 159.38 which is a pullback support.
Stop loss is at 158.56 which is a level that lies underneath a pullback support and the 38.2% Fibonacci retracement level.
Take profit is at 160.82 which is a pullback resistance.
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USD/CHF is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.8989 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 0.9046 which is a level that sits above the 61.8% Fibonacci retracement level and a pullback resistance.
Take profit is at...
The Euro (EUR/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.0713 which is a pullback resistance.
Stop loss is at 1.0756 which is a level that sits above a swing-high resistance.
Take profit is at 1.0671 which is a multi-swing-low support.
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The Aussie (AUD/USD) is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.6677 which is a multi-swing-high resistance.
Stop loss is at 0.6714 which is a level that sits above a swing-high resistance.
Take profit is at 0.6643 which is a pullback support that aligns close to the 50.0%...
Australian inflation accelerated 4% y/y in May, according to Wednesday’s data, marking the fastest pace in six months. The Reserve Bank of Australia was already worried around price pressures and had once again discussed raising rates during this month’s hold, while keeping the door open to further tightening. Yesterday’s hot CPI report likely aggravated these...
The SPX500's daily chart is still trading in a bullish zone. The hourly chart has pulled back to oversold territory suggesting a bullish snap-back may be due.
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Having pivoted away from its tightening cycle in March, the Swiss National Bank delivered the second straight rate cut last week, making it a frontrunner in the shift to monetary easing. Officials also lowered their inflation forecasts, creating scope for more moves ahead. Its US counterpart on the other hand, is reluctant to pivot due to stubborn inflation and...
The Aussie (AUD/USD) is rising towards a swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.6700 which is a swing-high resistance.
Stop loss is at 0.6724 which is a level that sits above another swing-high resistance.
Take profit is at 0.6672 which is a pullback support.
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Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at19836.60, which is a pullback resistance and a 61.8% Fibonacci retracement.
Our take profit will be at 19,515.67, a multi-swing low support level.
The stop loss will be at 20095,32, a swing high resistance level.
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Trading Forex/CFDs on...
Based on the H1 chart analysis, we can see that the price has just bounced off our buy entry at 2317, which is an overlap support.
Our take profit will be at 2332
The stop loss will be placed at 2306, which is an overlap support level.
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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 rising toward our sell entry at 0.6650, which is an overlap resistance and a 50% Fibonacci retracement.
Our take profit will be at 0.6618, a pullback support level.
The stop loss will be at 0.6677, a multi-swing high resistance level.
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Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 1.0724, which is a pullback resistance and a 61.8% Fibonacci retracement.
Our take profit will be at 1.0698, an overlap support level.
The stop loss will be at 1.0751, a swing high resistance level.
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USD/CAD has entered its third straight losing week and faces renewed pressures today after the upside surprise in Canadian inflation. Crucially, Core CPI accelerated 1.6% y/y in May, snapping its five-months declining streak. The Bank of Canada had slashed rates earlier this month, for the first time four years and had hinted at further easing if inflation...
GBP/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 200.98 which is a pullback support.
Stop loss is at 199.89 which is a level that lies underneath a pullback support and the 23.6% Fibonacci retracement level.
Take profit is at 202.70 which is a pullback resistance.
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USD/CAD is rising towards a swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.3684 which is a pullback resistance.
Stop loss is at 1.3728 which is a level that sits above a pullback resistance.
Take profit is at 1.3640 which is a pullback support.
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WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 80.42 which is a pullback support.
Stop loss is at 79.60 which is a level that lies underneath a pullback support and the 23.6% Fibonacci retracement level.
Take profit is at 84.45 which is a pullback resistance that aligns with the...
The Kiwi (NZD/USD) is falling towards a multi-swing-low support and could potentially bounce off this level to climb higher.
Buy entry is at 0.6100 which is a multi-swing-low support.
Stop loss is at 0.6072 which is a level that lies underneath a pullback support.
Take profit is at 0.6144 which is a pullback resistance that aligns with the 38.2% Fibonacci...
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.2745, which is an overlap resistance and a 50% Fibonacci retracement.
Our take profit will be at 1.2665, a pullback support level.
The stop loss will be at 1.2812, a pullback resistance level close to 161.8% Fibo extension
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Trading...
