EURJPY is approaching its support at 126.90 (76.4% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 129.24 (38.2% Fibonacci retracement , horizontal swing high resistance). Stochastic (89, 5, 3) is approaching its support at 0.9% where a corresponding bounce could occur.
For those who read Wednesday’s briefing you may recall the report highlighted daily resistance at 0.9986 as a possible sell zone (check out its recent history holding price action lower – it’s impressive), with conservative stop-loss orders placed above the 2016 yearly opening level at 1.0029 on the weekly timeframe (this helps clear any fakeout play around...
AUDNZD is testing its resistance at 1.0823 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse to its support at 1.0781 (100% Fibonacci extension, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal could occur.
EURCAD is approaching its support at 1.4937 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1.5111 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic (89, 5, 3) is approaching its support at 4.2% where a corresponding bounce...
GBPAUD is approaching its support at 1.8259 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 1.8405 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance). Stochastic (89, 5, 3) is approaching its support at 4% where a corresponding bounce...
EURUSD is approaching its support at 1.1433 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.1542 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance). Stochastic (55, 5, 3) is approaching its support at 1.5% where a corresponding...
US equities began Tuesday in negative territory, amid depressed market sentiment across the board. After touching lows of 24730: the 161.8% H4 Fib ext. point at 24821, however, the index staged a strong recovery in the second half of the day, trimming a large portion of recent losses. In terms of H4 structure, active selling may reside around August’s opening...
Despite crude oil falling sharply Tuesday, down nearly 5.00%, H4 movement on the USD/CAD remained relatively sedated around its 1.31 handle. In recent hours, however, the unit is seen exploring ground beneath 1.31, eyeing a possible test of September’s opening level priced in at 1.3070. A violation of this hurdle has the key figure 1.30 to target. Between...
Leaving the underside of 113 unchallenged, the USD/JPY couple explored lower ground Tuesday, consequently engulfing H4 channel support (extended from the low 111.62) and touching gloves with 112. As you can see, the unit retraced a portion of its daily fall from the psychological boundary, reclaiming entry back into within the ascending channel formation amid...
AUDCHF is approaching its support at 0.7029 (61.8% & 100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal swing low support) where it could potentially bounce to its resistance at 0.7061 (38.2% Fibonacci retracement , horizontal pullback resistance). Stochastic (55, 5, 3) is approaching its support at 3.1% where a corresponding bounce could occur.
USDCAD is approaching its resistance at 1.3119 (100% Fibonacci extension , 78.6% Fibonacci retracement , horizontal overlap resistance) where it could potentially reverse to its support at 1.3001 (100% Fibonacci extension, 38.2% Fibonacci retracement horizontal overlap support). Stochastic (89, 5, 3) is approaching its resistance at 99% where a corresponding...
NZDCHF is approaching its support at 0.6511 (61.8% Fibonacci extension , 38.2% Fibonacci retracement , horizontal overlap support) where it could potentially bounce to its resistance at 0.6619 (38.2% Fibonacci retracement , horizontal swing high resistance). Stochastic (21, 5, 3) is approaching its support at 5% where a corresponding bounce could occur.
AUDJPY is testing its support at 79.50 (61.8% Fibonacci extension , 76.4% Fibonacci retracement , horizontal swing low support) where it could potentially bounce to its resistance at 80.44 (38.2% Fibonacci retracement , horizontal swing high resistance). Stochastic (21, 5, 3) is approaching its support at 5.3% where a corresponding bounce could occur.
US equities began the week on a strong footing, holding firmly above August’s opening level at 25376 on the H4 timeframe. Sentiment, however, turned sour in US hours. Reclaiming 25376 to the downside, the H4 candles concluded Monday’s session down 0.51%. A few points beyond here, traders are likely honing in on H4 support at 24957, which happens to merge with a...
Ongoing Brexit uncertainty, on top of a potential extension to the transition period, undermined the British pound on Monday, consequently pressuring cable back under its 1.30 mark. In terms of H4 technicals, further downside may very well be in store with space seen to press lower towards Quasimodo support located at 1.2941, shadowed closely by September’s...
EURGBP is approaching its resistance at 0.8857 (100% Fibonacci extension , 38.2% & 50% Fibonacci retracement , horizontal pullback resistance) where it could potentially reverse down to its support at 0.8758 (76.4% Fibonacci retracement , horizontal swing low support). Stochastic (21, 5, 3) is approaching its resistance at 89% where a corresponding reversal could...
NZDUSD 0.08% is approaching its resistance at 0.6633 (100% Fibonacci extension , 50% & 76.40% Fibonacci retracement , horizontal overlap resistance) where it could potentially reverse down to its support at 0.6505 (61.80% Fibonacci retracement , horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal...
AUDUSD is approaching its support at 0.7088 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.7144 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) Stochastic (21, 5, 3) is approaching its support at 8.0% where a corresponding bounce...
