We're seeing price test a major overlap resistance along with a 38.2% Fibonacci retracement. A reversal from here could potentially see prices drop all the way down to our overlap support.
In terms of potential stop loss levels, we're placing it slightly above te 50% Fibonacci retracement to give it a bit of breathing space.
Please be advised that the...
Price reversed nicely from the 96.84 level we forecasted and dropped all the way down to the support target.
How did we manage to forecast this setup? Join Desmond as he breaks down the move.
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We're seeing price test a key 78.6% Fibonacci projection + an overlap resistance. We could see a reversal from here that could take prices all the way down to slightly above the 23.6% Fibonacci retracement at 0.8177.
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Price is approaching a key overlap support where there is a 127% Fibonacci extension and a 78.6% Fibonacci retracement. We could potentially see a bounce from here to take prices back up towards the key overlap resistance at 1.7625.
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Price is approaching a big resistance at 96.85 which is an overlap resistance and a 127% Fibonacci extension. A reversal from here could see prices drop to the 96.53 level where the start of the breakout occurred.
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We recently saw price bounce off our 1.0840 major support level really nicely to reach the 1.0910 level which was our forecasted TP was at.
Dive into all the reasons why we forecasted the bounce to draw insightful lessons!
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Price is testing a major overlap resistance and at the same time, seeing a bearish descending resistance line continue to weigh down on prices.
A reversal from here could see prices drop all the way to the 1.2606 level - but take note that there's a risk level at 1.2659 which acts as our intermediate support.
Please be advised that the information presented on...
Price is testing a major overlap support at 1.7835 which happens to coincide with the 50% Fibonacci retracement. Along with that, there is a fair bit of bullish momentum with the Ichimoku cloud support and the ascending trend line.
A bounce form here could take prices all the way to the recent swing high resistance at 1.7998.
Please be advised that the...
Price is testing a key overlap resistance which is also in line with the 38.6% Fibonacci retracement and the -27% Fibonacci expansion. A reversal from here could see prices drop all the way down to the 0.6071 support level which is an overlap support level.
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We're seeing price test a key overlap resistance at 1.2697 which is a 127% Fibonacci extension, 61.8% Fibonacci retracement and an overlap resistance.
A reversal from here could see prices drop all the way down to 1.2613 which is a multi-swing low support.
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Price bounced strongly above the 67.31 support level towards our take profit target - but how did we do it?
Join Desmond in this analysis review where he covers the reason why this setup worked nicely.
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Price reversed strongly from our resistance level to the support level at 22.20. But how did it happen?
Join Desmond in today's analysis review to have a quick recap on the elements that led to this strong reversal.
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Price has made a pullback to a key overlap resistance level at 0.8827 which also happens to be a previous 78.6% fbonacci retracement that was broken.
It's worth noting that there is strong bearish momentum from the bearish Ichimoku cloud and the lower highs being made by price.
A drop from here could see prices drop all the way to the major swing low at...
The pair heads towards another profitable month, but closes in on the levels that had prompted Japanese authorities to step in and support the Yen. Follow FXCM Senior market Specialist Nikos Tzabouras as he discusses the outlook
Price is approaching a strong resistance level at 23.21 which is a pullback resistance, 50% Fibonacci retracement and a 100% Fibonacci projection.
On top of that, we have a long term descending resistance line and the bearish ichimoku cloud contributing to the bearish momentum.
A reversal from here could see prices drop all the way down to 22.22 which is a...
We're looking at DXY today and we can see that price is forming a sort of elliott wave structure - with wave 4 potentially recently finishing.
A break of 12856 which is a major overlap support could trigger the bearish acceleration down towards the 12801 level.
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Price bounced perfectly from our confluence support level and reached our target. But how did it happen? Join Desmond as he reviews how we managed to forecast the reversal with such a high degree of accuracy.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party...
