Join FXCM senior market specialist Russell Shor for live trade into London close.
Join FXCM senior market specialist Russell Shor for a live trade into the London close.
Prices are currently holding above the ascending trendline support. Prices might pullback to the 1st support which coincides with 78.6% Fibonacci extension and 50% retracement. Prices might push up towards the 1st resistance level which coincides with 161.8% Fibonacci retracement and 61.8% Fibonacci confluence area. If prices fall through ascending trend line...
Price is facing bullish pressure from our ascending trend line and support level, in line with our 61.8% fibonacci retracement and 100% fibonacci confluence where we could see a bounce above this level. Ichiomoku cloud and EMA are showing signs of bullish pressure as well, in line with our bullish bias.
Price is approaching resistance where we could see a drop below this level. Ichimoku cloud is showing signs of bearish pressure as well.
Prices are currently taking support from 1st support which coincides with 50% Fibonacci retracement and Fibonacci extension level. Prices might bounce to reach 1st resistance which coincides with the 50% Fibonacci extension level. If prices fall through the ascending trendline support, stop loss would be at the 2nd support which is in line with 78.6% Fibonacci...
Prices are facing bearish pressure from 1st resistance level, in line with horizontal swing high resistance, which coincides with 78.6% Fibonacci retracement as well as 50% Fibonacci retracement. Prices might push down to our 1st support level which is in line with 61.8% Fibonacci extension, 127.2% Fibonacci extension as well as horizontal swing low support. If...
Price is facing bearish pressure from our descending trend line and we could see a further drop below this level. 20 EMA is showing signs of bearish pressure as well, in line with our bearish bias.
Prices are currently taking support on the 1st support which coincides with 50% Fibonacci extension as well as 61.8% Fibonacci retracement. Prices might bounce higher towards 1st resistance which coincides with swing high resistance and 61.8% Fibonacci extension level. If prices fall through first support, it is likely to reach the graphical swing low support...
Price is facing bearish pressure from our resistance and we could see a further drop below this level. Ichimoku cloud is showing signs of bearish pressure as well.
Price is approaching resistance where we could see a reversal below this level.
Prices are taking support from 1st support level which coincides with graphical swing low support as well as 61.8% Fibonacci retracement and Fibonacci extension. Prices might swing higher towards 1st resistance level which is the graphical swing high resistance which coincides with 50% Fibonacci retracement as well as61.8% Fibonacci extension. If prices fall below...
Price is facing bullish pressure from 1st support at 0.78128, in line with 61.8% fibonacci extensions and horizontal swing low support. Price could bounce off 1st support to the 1st resistance which coincides with 61.8% fibonacci retracement, 161.8% fibonacci extension and horizontal swing low support. If prices fall through 1st support, prices could reach 2nd...
Price is facing bullish pressure from our ascending trend line where we could see an upside above this level.
CADJPY is currently taking support from an ascending trendline. Price could pullback to 1st support which coincides with the 61.8% Fibonacci retracement before bouncing up to 1st resistance which coincides with the 100% Fibonacci extension. If prices fall further below our entry, then our stop loss can be placed just at the trend line where it coincides with the...
Price is facing bearish pressure from our sell entry, in line with our graphical area, 38.2% fibonacci retracement and 61.8% fibonacci extension, where we could see a further drop below this level .
GBPJPY is facing upside pressure from ascending trendline support on the daily and weekly timeframe. It is also taking support from the horizontal swing low support which coincides with the 127.2% Fibonacci extension as well as the 161.8% Fibonacci extension. It will probably bounce to our 1st resistance which is our horizontal swing high resistance as well as the...
Price is facing bearish pressure where we could see a reversal below our sell entry, EMA is showing signs of beraish pressure as well.