AUDUSD broke out of its major support at where it could potentially fall further to its support at 0.6916 (100% Fibonacci extension).
Ichimoku cloud shows signs of bearish pressure.
NZDUSD broke out of its major support at where it could potentially fall further to its support at 0.6465 (61.8% Fibonacci extension).
Ichimoku cloud shows signs of bearish pressure.
AUDCAD is approaching its support at 0.9318 (100% & 61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.9385 (50% Fibonacci retracement, horizontal pullback support).
Stochastic (55, 5, 3) is approaching its support at 2.8% where a corresponding bounce could occur.
USDCAD reversed off its resistance at 1.3494 (100% Fibonacci, 78.6% Fibonacci retracement, horizontal swing high resistance) where it rise to test again before dropping further to its support at 1.3449 (38.2% Fibonacci retracement).
Stochastic (55, 5, 3) reversed off near its resistance at 93% where a corresponding drop could occur.
AUDJPY is approaching its support at 1.0544 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.0610 (38.2% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 4.04% where a corresponding bounce could occur.
AUDUSD is approaching its resistance at 0.6968 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback resistance) where it is could reverse down to its support at 0.6968 (100% & 61.8% Fibonacci extension).
Ichimoku cloud shows signs of bearish pressure.
XAUUSD is approaching its resistance at 1310.32 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance) where it is could reverse down to its support at 1288.98 (50% Fibonacci retracement, Horizontal pullback support).
Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected.
EURAUD is approaching its resistance at 1.6121 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it is could reverse down to its support at 1.6005 (Horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
AUDUSD is approaching its support at 0.6968 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.7006 (76.4% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 4.51% where a corresponding bounce could occur.
USDCHF broke out of its major support at where it could potentially fall further to its support at 1.0074 (100% Fibonacci extension).
Ichimoku cloud shows signs of bearish pressure.
NZDUSD broke out of its major support at where it could potentially fall further to its support at 0.6465 (61.8% Fibonacci extension).
Ichimoku cloud shows signs of bearish pressure.
USD/CHF:
Mounting US/China trade tensions underpinned the Swiss franc’s safe-haven demand Thursday, exerting downward pressure on the USD/CHF.
Technically, the H4 candles elbowed their way through the lower edge of an ascending channel formation (1.0126/1.0203), and tested a session low of 1.0123. Although short-term traders likely have their crosshairs fixed...
GBPUSD bounced nicely off its support at 1.2988 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.3079 (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (34, 5, 3) is bounced off near its support at 5.3% where a corresponding rise could occur.
AUDUSD broke out of its major support at where it could potentially fall further to its support at 0.6956 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support).
Ichimoku cloud shows signs of bearish pressure.
EURJPY broke out of its major support at 123.14 where it could potentially fall further to its support at 122.48 (100% Fibonacci extension, horizontal swing low support).
Ichimoku cloud shows signs of bearish pressure.
USDCAD is approaching its resistance at 1.3490 (61.8% & 100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing high resistance) where it is could reverse down to its support at 1.3444 (61.8% Fibonacci retracement, Horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 93% where a corresponding reversal is expected.
AUD/USD:
On-going trade concerns along with a modestly rising US dollar had the Australian dollar nursing losses sub 0.70 heading into Wednesday’s close. The next downside target on the H4 timeframe , according to our technical studies, can be seen around a 161.8% ABCD measured move (black arrows) that completes around 0.6968/0.6976 (green). Beyond here, the...
XAGUSD reversed off its resistance at 14.977 (100% Fibonacci, 78.6% Fibonacci retracement, horizontal swing high resistance) where it is could drop further to its support at 14.85 (78.6% Fibonacci retracement).
Stochastic (89, 5, 3) reversed off its resistance at 93% where a corresponding drop could occur.
