Market analysis from IC Markets
EURUSD is approaching its resistance at 1.1246 (100% Fibonacci extension , 38.2% Fibonacci retracement , horizontal overlap resistance) where it could potentially drop to its support at 1.1184 (horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding bounce could occur. Trading CFDs on margin carries high...
AUDJPY is approaching its support at 78.51 (61.8% Fibonacci extension ,horizontal swing low support, 50% Fibonacci retracement ) where it could potentially bounce to its resistance at 79.17(61.8% Fibonacci retracement , horizontal pullback resistance). Stochastic (89, 5, 3) is approaching its support at 5% where a corresponding bounce could occur. Trading CFDs...
Kiwi index is approaching its support at 6.9441 (61.8% Fibonacci extension , horizontal swing low support, 61.8% Fibonacci retracement ) where it could potentially bounce to its resistance at 7.0079 (38.2% Fibonacci retracement , horizontal swing high resistance). Stochastic (89, 5, 3) is approaching its support at 4% where a corresponding bounce could occur....
Euro index is approaching its resistance at 7.419 (61.8% Fibonacci extension , 50% Fibonacci retracement , horizontal swing high resistance) where it could potentially drop to its support at 7.0073 (61.8% Fibonacci retracement , horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 89% where a corresponding bounce could occur....
USDCAD is approaching its resistance at 1.33759 (100% Fibonacci extension , 50% Fibonacci retracement , horizontal pullback resistance) where it could potentially drop to its support at 1.3346 (38.2% Fibonacci retracement ). Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding bounce could occur. Trading CFDs on margin carries high...
NZDUSD is approaching its support at 0.6740 (61.8% Fibonacci extension *2, horizontal swing low support) where it could potentially bounce to its resistance at 0.6800 (38.2% Fibonacci retracement , horizontal swing high resistance). Stochastic (89, 5, 3) is approaching its support at 4% where a corresponding bounce could occur. Trading CFDs on margin carries...
our ago Euro index is approaching its resistance at 7.025 (100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal swing high resistance) where it could potentially drop to its support at 6.9958 (76.4% Fibonacci retracement , horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 91% where a corresponding bounce...
DXY bounced off its support at 97.03 (61.8% Fibonacci extension , horizontal swing low support, 23.6% Fibonacci retracement ) where it could potentially bounce to its resistance at 97.69 (100% Fibonacci extension , horizontal swing high resistance). Stochastic (89, 5, 3) is approaching its support at 4% where a corresponding bounce could occur. Trading CFDs on...
r ago CADCHF is approaching its support at 0.7464 (100% Fibonacci extension , 38.2% Fibonacci retracement , horizontal overlap support) where it could potentially bounce to its resistance at 0.7514 (50% Fibonacci retracement , horizontal swing high resistance). Stochastic (89, 5, 3) is approaching its support at 4% where a corresponding bounce could occur....
AUDCAD is approaching its resistance at 0.9507(61.8% Fibonacci extension ,61.8% Fibonacci retracement , horizontal swing high resistance) where it is expected to drop further to its support at 0.9440(76.4% Fibonacci retracement , horizontal pullback support,61.8% Fibonacci extension ). Stochastic (55, 5, 3) reversed off its resistance at 97% where a...
Euro index is approaching its resistance at 7.025 (100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal swing high resistance) where it could potentially drop to its support at 6.9958 (76.4% Fibonacci retracement , horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 91% where a corresponding bounce could occur....
Kiwi index is approaching its resistance at 7.050(100% Fibonacci extension , 50% Fibonacci retracement , horizontal swing high resistance) where it could potentially drop to its support at 6.990 (61.8% Fibonacci extension ,50% Fibonacci retracement , horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 91% where a corresponding...
DXY is approaching its support at 97.03 (horizontal swing low support, 61.8% Fibonacci extension , 23.6% Fibonacci retracement ) where it could bounce to its resistance at 97.69 (100% Fibonacci extension , horizontal swing low support). Stochastic (34, 5, 3) is approaching its support at 5% where a corresponding bounce is expected. Trading CFDs on margin...
EURJPY is approaching its resistance at 125.21(61.8% Fibonacci extension ,50% Fibonacci retracement , horizontal swing high resistance) where it is expected to drop further to its support at 124.59(61.8% Fibonacci retracement , horizontal swing low support). Stochastic (55, 5, 3) reversed off its resistance at 95% where a corresponding drop is expected.
CADJPY is approaching its resistance at 84.04(100% Fibonacci extension ,61.8% Fibonacci retracement , horizontal swing high resistance) where it is expected to drop further to its support at 82.80(50% Fibonacci retracement , horizontal overlap support). Stochastic (55, 5, 3) reversed off its resistance at 97% where a corresponding drop is expected.
Euro index is approaching its resistance at 6.9504(100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal swing high resistance) where it could potentially drop to its support at 6.9159 (61.8% Fibonacci extension , horizontal swing low support). Stochastic (34, 5, 3) is approaching its resistance at 91% where a corresponding bounce could occur.
DXY is approaching its support at 97.03 (horizontal swing low support, 61.8% Fibonacci extension , 23.6% Fibonacci retracement ) where it could bounce to its resistance at 97.69 (100% Fibonacci extension , horizontal swing low support). Stochastic (34, 5, 3) is approaching its support at 5% where a corresponding bounce is expected.
GBP/USD: The British pound rose against its US counterpart Tuesday as concerns over a no-deal Brexit eased. UK PM May stated the UK needs a further extension of Article 50, and would end when a deal has been passed. The PM further added she will reach out to UK opposition leader Corbyn to help break the Brexit logjam. After clocking a session low at 1.3013, the...