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GBPJPY could reverse to the overlap support, then the price could potentially bounce off this support and rise to take profit. Buy entry is at 187.401 which is an overlap support that aligns closely with the 50% fibonacci retracement level. Stop loss is at 185.720 which is an overlap support. Take profit is at 189.950 is the swing-high resistance. High Risk...
EURJPY could continue the downtrend and reverse to the take profit level. Sell entry is at 160.299 which is a pullback support level that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 161.722 which is a swing-high resistance. Take profit is at 158.166 is the overlap support. High Risk Investment Warning Trading Forex/CFDs on margin...
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.0743, which is a pullback resistance. Our take profit will be at 1.0663, an overlap support level. The stop loss will be placed at 1.0796, an overlap 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 has just reacted off our sell entry at 1.2550, which is an overlap resistance that aligns with the 23.6% Fibo retracement Our take profit will be at 1.2506, a swing-low support that aligns with the 161.8% Fibo extension. The stop loss will be placed at 1.2656, which is an overlap resistance level. High...
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at1.2609, which is a pullback resistance Our take profit will be at 1.2541, which aligns with the 127.2% Fibo extension The stop loss will be placed at 1.2669 High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable...
USD/CHF could fall towards a pullback support and potentially bounce off this level to climb higher. Buy entry is at 0.88070 which is a pullback support that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 0.87000 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level. Take profit is at 0.89532...
USD/CAD could fall towards a pullback support and potentially bounce off this level to climb higher. Buy entry is at 1.35418 which is a pullback support that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 1.34867 which is a pullback support that lies underneath the 50.0% Fibonacci retracement level. Take profit is at 1.36207 which is a...
News commentary and technical analysis, everyday 10 minutes before Wall Street opens, by FXCM’s Senior Financial Editorial Writer Nikos Tzabouras
Join FXCM senior market specialist Russell Shor for a general review of the financial markets.
EURGBP could continue to rise and breakout of the overlap resistance. Buy entry is at 0.85247 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 0.85005 which is a swing-low support. Take profit is at 0.85482 is the overlap resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high...
GER30 is on an uptrend and could break the overlap resistance and rise to take profit level. Buy entry is at 16887.34 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 16805.33 which is an overlap support level. Take profit is at 17063.79 is the swing-high resistance level. High Risk Investment...
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 2002, which is a pullback resistance. Our take profit will be at 1981.95, The stop loss will be placed at 2021, a pullback 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 H4 chart analysis, we can see that the price is falling to our buy entry at 149.63, which is a pullback support. Our take profit will be at 150.75, an overlap resistance. The stop loss will be placed at 148.60, which is a pullback support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be...
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.0729, which is a pullback resistance Our take profit will be at 1.0663, an overlap support level. The stop loss will be placed at 1.0796, an overlap resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may...
The Aussie (AUD/USD) is falling towards a potential breakout level and could drop lower from here. Sell entry is at 0.65118 which is a potential breakout level. Stop loss is at 0.65580 which is a level that aligns with the 61.8% Fibonacci retracement level and sits above a pullback resistance. Take profit is at 0.64634 which is a pullback support that aligns...
The Kiwi (NZD/USD) is experiencing a strong bearish momentum and could potentially drop lower. Sell entry is at 0.60957. Stop loss is at 0.61730 which is a level that sits above the 38.2% Fibonacci retracement level and a pullback resistance. Take profit is at 0.60382 which is a pullback support that aligns close to the 61.8% Fibonacci retracement level. High...
News commentary and technical analysis, everyday 10 minutes before Wall Street opens, by FXCM’s Senior Financial Editorial Writer Nikos Tzabouras