USDJPY is testing its support at 109.15 (50% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap support) where price could bounce up to its resistance at 110.18 (50% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 4.8% where a corresponding bounce could occur.
AUDUSD has reversed from its resistance at 0.7446 (38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance) where price could drop to its support at 0.7347 (horizontal swing low support).
Stochastic (89, 5, 3) has reversed off its resistance at 98% where a corresponding drop could occur.
USDCHF is testing its support at 0.9872 (61.8% & 76.4% Fibonacci retracement, horizontal overlap support) where a bounce could potentially occur, causing price to rise to its resistance at 0.9939 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is testing its support at 4.3% where a corresponding...
EURUSD is approaching our first resistance at 1.1644 (horizontal overlap resistance, 38.2% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 1.1511 (horizontal swing low support).
Stochastic (89,5,3) is also approaching our major resistance and a reaction below this level might see a...
USDCHF is approaching our first support at 0.9888 (horizontal pullback support, 50%, 61.8% Fibonacci retracement) and price might rise to our major resistance at 0.9949 (horizontal pullback resistance, 61.8% Fibonacci retracement).
Stochastic (34,5,3) is also approaching support and a bounce off this level might see a corresponding rise in price.
Trading CFDs on...
Price is approaching our first resistance at 0.9839 (horizontal overlap resistance, 50% Fibonacci retracement) where price might drop to our major support at 0.9750 (horizontal swing low support).
Stochastic (55,5,3) is also approaching its resistance and a reaction off this level might see a corresponding drop in price.
Trading CFDs on margin carries high risk....
Price is approaching our first resistance at 146.12 (horizontal overlap resistance, 50% Fibonacci retracement, 100% Fibonacci extension) where price might drop to our major support at 144.61 (horizontal swing low support).
Stochastic (55,5,3) is also seeing a bearish divergence and is approaching its resistance and a reaction off this level might see a...
USDJPY is testing its resistance at 110.63 (100% Fibonacci extension, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where if broken, a further move up to its next resistance at 111.14 (100% Fibonacci extension, 100% Fibonacci extension, horizontal swing high resistance) could occur.
Stochastic (89, 5, 3) still has a lot of upside potential.
AUDNZD is approaching its resistance at 1.0776 (61.8% Fibonacci retracement, 100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where a reversal could occur, causing price to fall to its support at 1.0717 (50% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) is approaching its resistance at 95% where a...
NZDJPY is approaching its support at 75.40 (76.4% Fibonacci retracement, horizontal overlap support) where it could potentially bounce up to its resistance at 76.24 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, Horizontal overlap resistance).
Stochastic (55, 5, 3) is approaching its support at 6.09% where a corresponding bounce could occur.
XAUUSD is testing its support at 1266 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where it could potentially bounce up to its resistance at 1294 (100% Fibonacci extension, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching support at 2.8% where a corresponding bounce could occur.
CHFJPY reversed nicely off its resistance at 110.74 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could drop to its support at 109.70 (78.6% Fibonacci retracement, 100% Fibonacci extension).
Stochastic (21, 5, 3) is approaching its resistance at 92% where a corresponding reaction could occur.
EURJPY bounced nicely off its support at 126.86 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where price could rise to its resistance at 128.48 (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) bounced off its support at 2.8% where a corresponding rise could occur.
USDCAD is approaching resistance at 1.3408 (100% Fibonacci extension x3, 78.6% Fibonacci retracement, horizontal pullback resistance) where a reversal could occur, causing price to drop to its support at 1.2828 (100% Fibonacci extension, horizontal swing low support).
Stochastic (55, 5, 3) is testing its resistance at 97% where a corresponding reversal could occur.
CADCHF is approaching its support at 0.7432 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where price could bounce up to its resistance at 0.7609 (38.2% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 3.03% where a corresponding bounce could occur.
Early trade on Tuesday witnessed a strong round of selling take place, as traders favored the safe-have yen on escalating tensions between the US and China. As is shown on the H4 chart, the downside move breached the 110 handle and clocked fresh lows of 109.55 as we entered European hours. On the back of a recovery in US equities, said lows remained supportive and...
EURGBP reversed off its resistance at 0.8778 (100% Fibonacci extension, 50% Fibonacci retracement x2, horizontal overlap resistance) price could drop to its support at 0.8723 (horizontal swing low support).
Stochastic (55, 5, 3) reversed nicely off its resistance at 97%.
EURAUD reversed nicely off its resistance at 1.5731 (50% Fibonacci retracement x2, horizontal swing high resistance) where it could drop to its support at 1.5550 (61.8% Fibonacci extension, 61.8% & 38.2% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) reversed off its resistance at 97% where a corresponding drop could occur.
