NZDJPY is approaching its resistance at 75.43 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it could potentially react off, causing price to fall to its support at 74.15 (100% Fibonacci extension, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal...
As is evident from the H4 timeframe this morning, price action retested July’s opening level at 1251.8 as support and held ground on Thursday. This was a noted level to look for longs from, but only if the unit printed a full or near-full-bodied H4 bull candle, which it didn’t. A second retest – a third if you include the initial pullback after the break higher –...
USDCAD is testing its support at 1.3124 (61.8% & 23.6% Fibonacci retracement, horizontal overlap support) where we expect price to bounce up to its resistance at 1.3345 (horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 3.4% where a corresponding bounce could occur.
GBPJPY tested its resistance at 146.43 (61.8% & 100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where we could potentially drop to its support at 144.88 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support).
Stochastic (89, 5, 3) reversed near its resistance at 97% where a corresponding...
USDJPY is approaching its support at 110.18 (61.8% Fibonacci extension, 50% Fibonacci retracement x2, horizontal overlap support) where price could potentially bounce off from, rising to its resistance at 111.04 (horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 4$ where a corresponding bounce could occur.
XAUUSD is testing its resistance at 1259 (61.8% & 23.6% Fibonacci retracement, horizontal swing high resistance) where we a reversal could occur, causing price to fall to its support at 1238 (horizontal swing low support).
Stochastic (55, 5, 3) is approaching resistance at 93% where a reversal could occur.
Solid macroeconomic data out of the UK on Wednesday helped the GBP/USD reclaim the 1.32 handle in strong fashion. Though price action found difficulty extending these gains at nearby H4 resistance drawn from 1.3213, the pair eventually overpowered the obstacle amid thin US trade and clocked a fresh weekly high of 1.3249.
Recent movement has placed the H4...
USDCAD is approaching its support at 1.3065 (38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap support) where a bounce could occur, causing price to rise to its resistance at 1.3262 (61.8% Fibonacci retracement, horizontal pullback resistance)
Stochastic (55, 5, 3) is approaching its support at 3.7% where corresponding bounce could occur.
CADCHF is approaching its resistance at 1.0954 (38.2%, 50% & 61.8% Fibonacci retracement, horizontal overlap resistance) where we price could fall to its support at 0.7476 (61.8% & 50% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal could occur. We have also...
USDCHF is approaching its support at 0.9903 (61.8% Fibonacci extension x2, 61.8% Fibonacci retracement, horizontal swing low support) where it could bounce off from, rising to its resistance at 0.9985 (horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its support at 4% where a corresponding bounce could occur.
EURJPY reversed off its resistance at 129.55 (76.4% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap resistance) where it could drop to its support at 127.27 (76.4% Fibonacci retracement, horizontal swing low support).
Stochastic (89, 5, 3) has reversed off its resistance at 97%. A bearish divergence with price has also been identified which...
GBPAUD has reversed off its resistance at 1.7966 (78.6%, 61.8%, 50% Fibonacci retracement, multiple swing high resistance) where price could drop to its support at 1.7732 (horizontal overlap support).
Stochastic (55, 5, 3) has reversed off its resistance at 97% where a corresponding drop could occur.
AUDNZD is approaching its resistance at 1.0954 (100% & 61.8% Fibonacci extension, 78.6% & 61.8% Fibonacci retracement, horizontal swing high resistance) where price could react, causing it to reverse and fall to its support at 1.0789 (61.8% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) is approaching its resistance at 99% where a...
EURAUD is approaching its resistance at 1.5974 (78.6% & 76.4% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance) where it could react off, causing price to fall to its support at 1.5641 (50% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reaction could occur.
CADCHF is testing its resistance at 0.7550 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where price could drop to its support at 0.7399 (horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal could occur.
USDCHF has bounced off its support at 0.9900 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where price could rise to its resistance at 0.9985 (horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 1.34% where a corresponding rise could occur.
EURUSD is approaching its resistance at 1.1733 (100% & 61.8% Fibonacci extension, 61.8% & 76.4% Fibonacci retracement, horizontal overlap resistance) where a reversal could occur, causing price to fall to its support at 1.1518 (horizontal swing low support).
Stochastic (55, 5, 3) has reversed off its resistance at 96% where a corresponding drop is expected.
GBPJPY is approaching its resistance at 146.63 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where price could reverse down to its support at 143.83 (100% Fibonacci extension, horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
