Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 99.05, which is an overlap resistance that aligns with the 38.2% Fibo retracement. Our take profit will be at 98.21, a pullback support level. The stop loss will be placed at 99.87, which is a swing-high resistance level. High Risk Investment Warning Trading...
Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 2257, a swing low support Our take profit will be at 2222.66, a pullback support level. The stop loss will be placed at 2272.15. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors....
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.
- What are Fibonacci expansions and projections? - How are they different from each other? - How do you use them to forecast market reversals? - Combining them with retracements and extensions - Live trading examples
The Kiwi (NZD/USD) is falling towards a potential breakout level and could drop lower from here. Sell entry is at 0.59857 which is a potential breakout level ( wait for the 1-hour candle to close below 0.59857 for confirmation ). Stop loss is at 0.60410 which is a level that sits above the 38.2% Fibonacci retracement level and an overlap resistance. Take profit...
WTI oil (USOIL) is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 80.437 which is an overlap support that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 79.200 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level. Take profit is at...
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.
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 191.88, which is a pullback resistance that aligns with the 50% Fibo retracement. Our take profit will be at 190.36, a multi-siwng low support level. The stop loss will be placed at 193.41, a swing-high resistance level High Risk Investment Warning Trading...
Based on the M15 chart analysis, we can see that the price has just reacted off our sell entry at 1.2645, which is a multi-swing high resistance. Our take profit will be at 1.2600 an overlap support level. The stop loss will be placed at 1.2674, which is a swing-high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high...
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...
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The DAX (GER30) is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 18,131.66 which is an overlap support. Stop loss is at 17,850.00 which is a level that lies underneath an overlap support that aligns close to the 23.6% Fibonacci retracement level. Take profit is at 18,779.98 which is a level that...
WTI oil (USOIL) is trading close to a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 80.472 which is a pullback support that aligns close to the 50.0% Fibonacci retracement level. Stop loss is at 79.000 which is a level that lies underneath an overlap support that aligns with the 61.8% Fibonacci retracement...
Join FXCM senior market specialist Russell Shor for the morning market review.
UDS/JPY is rising towards a potential breakout level and could climb above this level to rise higher. Buy entry is at 151.786 which is a potential breakout level ( wait for 1-hour candle to close above 151.786 for confirmation ). Stop loss is at 150.261 which is a level that lies underneath a pullback support and the 23.6% Fibonacci retracement level. Take...