CADJPY bounced nicely off its support at 85.69 (61.8% Fibonacci extension, 61.8% & 50% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 86.20 (50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is bounced off near its support at 2.2% where a corresponding rise could occur.
USDCHF is testing resistance at 0.9955 (78.6% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse to its support at 0.9862 (100% Fibonacci extension, 23.6% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 98.6% where a corresponding reversal could occur.
NZDJPY is approaching its support at 73.435 (61.8% & 100% Fibonacci extension , 38.2% Fibonacci retracement , horizontal overlap support) where it could potentially bounce to its resistance at 73.770 (50% Fibonacci retracement , horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at 4.3% where a corresponding bounce could occur.
AUDNZD is approaching its resistance at 1.09008 (61.8% Fibonacci extension x2, 50% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 1.08593 (50% Fibonacci retracement, horizontal overlap support). Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
USDJPY is approaching its resistance at 112.828 (61.80% & 100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 112.419 (50% Fibonacci retracement, horizontal pullback support). Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
GBPNZD is testing its support at 1.9990 (100% Fibonacci extension , 50% Fibonacci retracement , horizontal overlap support) where it could potentially bounce to its resistance at 2.0193 (100% Fibonacci extension, 50% Fibonacci retracement and horizontal pullback resistance). Stochastic (55, 5, 3) is approaching its support at 5.8% where a corresponding bounce could occur.
EURCAD is approaching its support at 1.4943 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1.5026 (50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching its support at 1.3% where a corresponding bounce could occur.
USDCAD is approaching its support at 1.2898 (61.8% & 100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1.2960 (38.2% Fibonacci retracement, horizontal pullback resistance). Stochastic (55, 5, 3) is approaching its support at 1.7% where a corresponding bounce could occur.
NZDUSD is approaching its resistance at 0.6633 (100% Fibonacci extension, 76.4% & 50% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 0.6559 (38.2% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
Following heavy losses during last week's collapse, the Dow Jones Industrial Average printed an impressive recovery on Tuesday, up 2.25% on the day. Led by technology and healthcare sectors, the H4 candles reclaimed its August’s opening level at 25376 and concluded trade within a stone’s throw away from resistance marked at 25815.
What’s also notable from a...
XAUUSD is approaching its resistance at 1235 (100% Fibonacci extension , 38.2% Fibonacci retracement , horizontal overlap resistance) where it could potentially reverse down to its support 1210 (100% Fibonacci extension , 50% Fibonacci retracement, horizontal pullback support). Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding...
EURGBP is approaching its resistance at 0.8854 (61.8% Fibonacci extension , 50% & 38.2% Fibonacci retracement , horizontal overlap resistance) where it could potentially reverse down to its support at 0.8792 (50% Fibonacci retracement , horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 91% where a corresponding reversal could occur.
AUDNZD is testing its resistance at 1.0852 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal overlap resistance) where a potential reversal to its support at 1.0783 (76.4% Fibonacci retracement) could occur. RSI (55, 5, 3) is testing its resistance at 41% where a corresponding drop could occur.
EURCHF bounced nicely off its support at 1.1420 (100% Fibonacci extension, 61.8% & 38.2% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.1488 (61.8% Fibonacci extension, horizontal swing high resistance). Stochastic (55, 5, 3) is bounced off its support at 7.7% where a corresponding rise could occur.
USDJPY is testing its support at 112.191 (100% Fibonacci extension, 23.6% & 38.2% Fibonacci retracement and horizontal overlap support) where it could potentially bounce to its resistance at 113.494 (61.8% Fibonacci retracement). Stochastic (55, 5, 3) is approaching its support at 2.32% where a corresponding bounce could occur.
GBPAUD is approaching its support at 1.8393(100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1.8519 (38.2% Fibonacci retracement, horizontal overlap resistance). Stochastic (55, 5, 3) is approaching its support at 7% where a corresponding bounce could occur.
AUDUSD reversed off its resistance at 0.7144(61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop further to its support at 0.7081 (61.8% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) reversed off near its resistance at 98% where a corresponding drop could occur.
EURCAD is approaching its support at 1.5010 (50% & 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1.5129 (horizontal swing high resistance). Stochastic (21, 5, 3) is approaching its support at 1.7% where a corresponding bounce could occur.
