GBPUSD bounced nicely off its support at 1.2988 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.3079 (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (34, 5, 3) is bounced off near its support at 5.3% where a corresponding rise could occur.
AUDUSD broke out of its major support at where it could potentially fall further to its support at 0.6956 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support).
Ichimoku cloud shows signs of bearish pressure.
EURJPY broke out of its major support at 123.14 where it could potentially fall further to its support at 122.48 (100% Fibonacci extension, horizontal swing low support).
Ichimoku cloud shows signs of bearish pressure.
USDCAD is approaching its resistance at 1.3490 (61.8% & 100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing high resistance) where it is could reverse down to its support at 1.3444 (61.8% Fibonacci retracement, Horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 93% where a corresponding reversal is expected.
AUD/USD:
On-going trade concerns along with a modestly rising US dollar had the Australian dollar nursing losses sub 0.70 heading into Wednesday’s close. The next downside target on the H4 timeframe , according to our technical studies, can be seen around a 161.8% ABCD measured move (black arrows) that completes around 0.6968/0.6976 (green). Beyond here, the...
XAGUSD reversed off its resistance at 14.977 (100% Fibonacci, 78.6% Fibonacci retracement, horizontal swing high resistance) where it is could drop further to its support at 14.85 (78.6% Fibonacci retracement).
Stochastic (89, 5, 3) reversed off its resistance at 93% where a corresponding drop could occur.
USDCAD is approaching its resistance at 1.3684 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is could reverse down to its support at 1.2916 (50% Fibonacci retracement, Horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding reversal is expected.
EURUSD is approaching its resistance at 1.1214 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is could reverse down to its support at 1.1176 (50% Fibonacci retracement, Horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 95% where a corresponding reversal is expected.
NZDUSD broke out of its major support at 0.6585 where it could potentially fall further to its support at 0.6465 (61.8% Fibonacci extension, horizontal swing low support).
Ichimoku cloud shows signs of bearish pressure.
USDCAD is approaching its support at 1.3387 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1.3487 (78.6% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 2.04% where a corresponding bounce could occur.
ZXY broke out of its major support at 6.9589 where it could potentially fall further to its support at 6.9185 (horizontal swing low support).
Ichimoku cloud shows signs of bearish pressure.
AUDUSD is approaching its resistance at 0.7057 (61.8% & 100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it is could reverse down to its support at 0.7013 (50% Fibonacci retracement, Horizontal pullback support).
Stochastic (55, 5, 3) is approaching its resistance at 94% where a corresponding reversal is expected.
USDCHF is approaching its support at 1.0110 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 1.0170 (61.8% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching its support at 5.5% where a corresponding bounce could occur.
EURJPY is approaching its resistance at 124.25 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance) where it is could reverse down to its support at 123.59 (Horizontal swing low support).
Ichimoku cloud shows signs of bearish pressure.
AUDUSD broke out of its major support at 0.6999 where it could potentially fall further to its support at 0.6937 (100% & 61.8% Fibonacci retracement).
Ichimoku cloud shows signs of bearish pressure.
CXY broke out of its major support at 6.9681 where it could potentially fall further to its support at 6.9491 (50% Fibonacci retracement, horizontal overlap support).
AUDCAD is approaching its support at 0.9387 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.9466 (61.8% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching its support at 5.6% where a corresponding bounce could occur.
EURUSD broke out of its major support at 1.1177 where it could potentially fall further to its support at 1.1117 (100% Fibonacci extension, horizontal swing low support).
