USD/JPY could fall towards a pullback support and potentially bounce off this level to climb higher. Buy entry is at 148.673 which is a pullback support. Stop loss is at 147.520 which is a level that sits under an overlap support. Take profit is at 149.749 which is a pullback resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a...
CAD/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 110.313 which is a pullback resistance that aligns close to the 61.8% Fibonacci projection level. Stop loss is at 111.150 which is a level that sits above the 100.0% Fibonacci projection level and the swing-high resistance. Take profit is...
AUD/CAD is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.88129 which is a pullback resistance that aligns close to a confluence of Fibonacci levels i.e. the 23.6% and 78.6% retracement levels. Stop loss is at 0.88550 which is a level that sits above a pullback resistance. Take profit is at...
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Based on the H4 chart analysis, we can see that the price is falling from our sell entry at 1.3464, a pullback resistance Our take profit will be at 1.3390, a pullback support level. The stop loss will be placed at 1.3541, which is a multi-swing low support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and...
Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 1.2641, which is an overlap resistance that aligns with the 50% Fibo retracement. Our take profit will be at 1.2553 a pullback support level. The stop loss will be placed at 1.2718, which is a pullback resistance level. High Risk Investment Warning Trading...
EURNZD is could break out of the swing-low support and reverse to the take profit level. Sell entry is at 1.76088 which is a swing-low support. Stop loss is at 1.77067 which is an overlap resistance. Take profit is at 1.75060 which an overlap support that aligns with the 27.2% Fibonacci expansion level. High Risk Investment Warning Trading Forex/CFDs on...
GBPJPY is trading close to the overlap resistance, it could potentially break out of this resistance and rise to the take profit level. Buy entry is at 187.458 which is an overlap resistance that aligns with the 61.8% Fibonacci retracement. Stop loss is at 186.152 which is an overlap support. Take profit is at 188.780 which a multi-swing-high resistance. High...
Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 0.8752, which is an overlap resistance. Our take profit will be at 0.8680, an overlap support level. The stop loss will be placed at 0.8821, which is a swing high resistance level." Do take note, the Relative Strength Index (RSI) is also displaying bearish...
GBP/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 185.656 which is a pullback support. Stop loss is at 184.350 which is a level that lies underneath a pullback support and the 100.0% Fibonacci projection level. Take profit is between 187.500 and 187.729 which is a pullback resistance that...
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.
CHFJPY is trading at the sell entry, price could break out and fall to take profit level. Sell entry is at 169.819 which is pullback support level. Stop loss is at 171.397 which is a pullback resistance. Take profit is at 167.311 which an overlap support that aligns closely with the 61.8% Fibonacci retracement. High Risk Investment Warning Trading Forex/CFDs...
AUDJPY is rising to an overlap resistance, from there it could potentially rise to the take profit level. Buy entry is at 96.932 which is an overlap resistance that aligns with the 61.8% Fibonacci retracement. Stop loss is at 96.288 which is a pullback support. Take profit is at 97.775 which a pullback resistance. 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 1.2614, which is an overlap resistance. Our take profit will be at 1.2506, a swing low support level. The stop loss will be placed at 1.2748, which is a pullback resistance level High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of...
Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 1.0765, which is an overlap resistance. Our take profit will be at 1.0713, a pullback support level. The stop loss will be placed at 1.0819, which is a pullback resistance level." High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of...
Based on the H4 chart analysis, we can see that the price has broken the support level ( sell entry ) at 148.15, a pullback resistance level, Our take profit will be at 146.74, a pullback support level. The stop loss will be placed at 149.01, which is an overlap resistance level." High Risk Investment Warning Trading Forex/CFDs on margin carries a high...