The Australian dollar, as you can see, outperformed on Tuesday, regaining 0.74 status as the USD softened across the board. H4 price is now seen eyeing resistance at 0.7443, a level that’s provided the market a ceiling on a number of occasions in recent history (see pink arrows). Another interesting point on this timeframe is the potential AB=CD formation (black...
EURJPY is approaching its support at 129.60 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where a bounce could occur, causing price to rise to its resistance at 131.12 (61.8% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching its support at 2.5% where a corresponding bounce could occur.
EURUSD has reversed off its resistance at 1.1745 (61.8% Fibonacci extension, 76.4% Fiboancci retracement, horizontal swing high resistance) where price could pullback to before making a further move down to its support at 1.1644 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) has reversed off its...
GBPUSD has reversed off its resistance at 1.3156 (100% Fibonacci extension, 50% & 61.8% Fibonacci retracement, horizontal swing high resistance) where it could potentially fall to its support at 1.3002 (76.4% Fibonacci retracement).
Stochastic (55, 5, 3) has being held down by a descending resistance line where a corresponding drop could occur.
CADJPY is approaching its support at 0.7529 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where it could potentially rise up to its resistance at 0.7588 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizotnal swing high resistance)
Stochastic (55, 5, 3) is approaching its intermediate support at 8.5% where a...
USDCHF is testing its support at 0.9901 (100% & 61.8% Fibonacci extension, 76.4% & 61.8% Fibonacci retracement, horizontal overlap support, ascending channel support) where a bounce up to its resistance at 0.9977 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance) is expected.
Stochastic (55, 5, 3) is testing its support at 2.8%...
USDCAD is testing its support at 1.3121 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, 50% Fibonacci retracement, horizontal swing low support) where a bounce up to its resistance at 1.3220 (61.8% Fibonacci retracement) could occur.
Stochastic (55, 5, 3) is approaching its support at 2.6% where a corresponding bounce could occur.
AUDJPY is approaching its support at 82.11 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potetnially bounce up to its resistance at 83.26 (61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (89, 5, 3) is approaching its support at 1.36% where a corresponding bounce could occur.
AUDUSD reversed off its resistance area at 0.7443 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap resistance, descending channel resistance) where it could potentially fall to its support at 0.7380 (50% Fibonacci retracement, horizontal pullback support).
Stochastic (55, 5, 3) is approaching its resistance at 98% and also testing its...
GBPUSD bounced off its support at 1.2974 (100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing low support) where it could potentially rise up to its resistance at 1.3127 (50% & 38.2% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) bounced off close to its support at 3.6% where a corresponding rise could occur.
EURAUD is approaching its resistance at 1.5944 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance) where it could potentially react off, causing price to fall to its support at 1.5694 (23.6% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding...
CADCHF is testing its support at 0.7530 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where price could rise to its resistance at 0.7588 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) bounced off its intermediate support at 8.5% where a corresponding rise...
EURGBP is testing its resistance at 0.8963 (100% Fibonacci extension, 78.6% & 50% Fibonacci retracement, horizontal swing high resistance) where a reversal could occur, causing price to fall to its support at 0.8881 (100% Fibonacci extension, 23.6% Fibonacci retracement, horizontal pullback support).
Stochastic (55, 5, 3) is approaching its resistance at 97%...
In recent movement, weekly price finally crossed swords with weekly support priced in at 1214.4. Note this level also happens to represent a Quasimodo support taken from the left shoulder marked with an orange arrow. In line with this weekly barrier, traders may have also noticed a daily Quasimodo support recently entered the fray at 1218.3. A rejection off of...
UKOIL bounced off its support at 70.86 (100% Fibonacciu extenion, 61.8%, 50% & 23.6% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 75.50 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistnace).
Stochastic (55, 5, 3) bounced off its support at 5.15% where a corresponding rise...
GBPUSD bounced off its support at 1.3030 (100% Fibonacci extension, 76.4% Fibonacci retracement, multiple swing low support) where price could rise to its resistance at 1.3222 (76.4% Fibonacci retracement, 100% Fibonacci extension, horizontal pullback resistance).
Stochastic (89, 5, 3) bounced off near its support at 3.3% where a corresponding rise could occur.
CADJPY is testing its resistance at 85.78 (76.4% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap resistance) where it could potentially fall to its support at 84.34 (38.2% Fibonacci retracement, horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
EURAUD is approaching its support at 1.5651 (100% Fibonacci extension, 50% & 38.2% Fibonacci retracement, horizontal overlap support) where price could rise to its resistance at 1.5773 (100% Fibonacci extension, horizontal pullback resistance).
Stochastic (55, 5, 3) bounced off its support at 4.8%.
