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%.
AUDNZD bounced off its support at 1.0862 (23.6% & 38.2% Fibonacci retracement, horizontal swing low support) where it could potentially retrace back to before making its way up to its resistance at 1.0928 (61.8% Fibonacci extension 61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (89, 5, 3) bounced off its support at 5& where a...
EURGBP is testing its resistance at 0.8914 (100% Fibonacci extension, 61.8% & 78.6% Fibonacci retracement, horizontal swing high resistance) where it could potentially fall to its support at 0.8803 (50% & 38.2% Fibonacci retracement, horizontal swing low support).
Stochastic (34, 5, 3) is being held down by a descending resistance line which contributes to our...
EURUSD is approaching its support at 1.1635 (61.8% Fibonacci extension, 61.8% Fibonacci retracement x2, horizontal swing low support) where it could rise to its resistance at 1.1745 (76.4% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 2.7% where a corresponding bounce could occur.
AUDUSD is approaching its support at 0.7366 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce and rise to its resistance at 0.7413 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching its support at 2.2% where a...
Improved sentiment along with a robust USD seen across the board, provided a floor of support for the USD/JPY on Tuesday. H4 mid-level resistance at 112.50 was taken out mid-way through London’s morning session, clearing the path north for US traders to approach the 113 handle.
As of current movement, the pair is seen crossing swords with 113. Traders who follow...
In Monday’s report the team explicitly specified to be suspicious of longs around the 1.0000 (parity) neighborhood, despite it likely being a watched number across the market. Not only do we have weekly resistance in the form of a 2016 yearly opening level at 1.0029 in play, we also saw daily price chalk up a nice-looking bearish pin-bar formation on Friday off a...
GBPUSD reversed off its resistance at 1.3293 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance) where price could drop to its support at 1.3120 (100% Fibonacci extension, horizontal swing low support). We do have to be caustious of the intermediate support at 1.3200 (50% Fibonacci retracement, horizontal overlap support)....
EURJPY is testing its resistance at 131.74 (100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal overlap resistance) where it could react off, causing price to fall to its support at 130.00 (23.6% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is testing its resistance at 96% where a corresponding drop could occur.
