NZDUSD is approaching its resistance at 0.7053 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where price could potentially drop to its support at 0.6968 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support)
Stochastic (89, 5, 3) reacted of its resistance at 97% where a similar drop could occur.
BCOUSD is approaching support at 76.27 (100% Fibonacci extension, 61.8% Fibonacci retracement, Elliot Wave structure) where it could potentially bounce off from and rise to its resistance at 78.38 (61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) is approaching its support at 5.17% where a corresponding bounce could occur....
EURGBP bounced nicely from its support at 0.8726 (76.4% Fibonacci retracement, 38.2% Fibonacci retracement, horizontal overlap support) where price could potentially rise further to its resistance at 0.8795 (61.8% Fibonacci extension, horizontal overlap resistance). We do have to be cautious of the intermediate resistance at 0.8759 (61.8% Fibonacci extension,...
SPX500 is testing its resistance at 2739 (76.4% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse, causing price to fall to its major support at 2679 (38.2% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) is testing its resistance at 97% where a corresponding reaction could occur.
Trading CFDs on...
CADJPY is approaching its resistance at 84.94 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where a potential react could occur, causing price to fall to its support at 80.58 (horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 94% where a corresponding reaction could occur.
Trading CFDs...
EURAUD is approaching its resistance at 1.5498 (61.8% Fibonacci retracement, 23.6% Fibonacci retracement, horizontal overlap resistance) where it could potentially fall to its major support at 1.5375 (61.8% Fibonacci retracement).
Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reaction could occur.
Trading CFDs on margin carries...
BCOUSD reversed nicely off its resistance at 78.43 (61.8% Fibonacci retracement, horizontal overlap resistance) where price could potentially drop further to its major support at 76.38 (61.8% Fibonacci retracement, horizontal pullback support).
RSI (55) has made a bearish exit from its ascending support turned resistance line which contributes to our bearish...
AUDUSD is approaching its 1st resistance at 0.7606 (50% Fibonacci retracement, 38.2% Fibonacci retracement, 23.6% Fibonacci retracement, 100% Fibonacci extension) where it could potentially react off, causing it to fall to its major support at 0.7483 (100% Fibonacci extension, 61.8% Fibonacci retracement, 76.4% Fibonacci retracement, horizontal overlap support)....
XAUUSD has made a slight breakout of its ascending support line. If it breaks past its 1st support at 1297 (38.2% Fibonacci retracement, horizontal overlap support), it could be a confirmation of a further move downwards to its major support at 1288 (76.4% Fibonacci retracement, horizontal swing low support).
RSI (34) is being held up by the same ascending...
CADJPY is approaching our first resistance at 85.06 (horizontal overlap resistance, 50% Fibonacci retracement, 61.8% Fibonacci retracement) and a strong reaction might occur below this level pushing price down to our major support at 83.07 (horizontal swing low support, 61.8% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line...
EURCHF is approaching our first resistance at 1.1530 (horizontal overlap resistance, 23.6% Fibonacci retracement) which coincides with our short term descending resistance line. A strong reaction might occur below this level pushing price down to our major support at 1.1367 (horizontal swing low support).
RSI (55) is also approaching resistance where a reaction...
AUDUSD is approaching our first resistance at 0.7580 (horizontal swing high resistance, 78.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 0.7486 (horizontal swing low support, 61.8% Fibonacci retracement).
Stochastic (34,5,3) is also reacting off our resistance and...
NZDUSD is approaching our first resistance at 0.6993 (horizontal overlap resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level, pushing price down to our major support at 0.6886 (horizontal swing low support, 76.4% Fibonacci retracement).
Stochastic (55,5,3) is also reacting off our resistance and...
CADCHF is approaching our first resistance at 0.7668 (horizontal overlap resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 0.7565 (horizontal swing low support, 50% Fibonacci retracement).
RSI (89) is also approaching our major resistance where we...
CHFJPY is approaching our first resistance at 109.69 (horizontal overlap resistance, 23.6%, 38.2% Fibonacci retracement) and price might potentially drop to our major support at 108.90 (horizontal swing low support, 61.8%, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
RSI is also approaching our...
GBPJPY is approaching our support at 143.08 (Horizontal overlap support, 78.6% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this leve, pushing price up to our resistance at 146.20 (horizontal pullback resistance, 100% Fibonacci extension, 50% Fibonacci retracement).
Stochastic (55,5,3) is also seeing a bullish...
XAUUSD is approaching our first resistance at 1304.00 (horizontal swing high resistance, short term descending resistance line, 78.6% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 1288.55 (horizontal swing low support, 76.4% Fibonacci retracement). A breakout below our intermediate support at...
CADJPY broke out of our short term ascending support line is approaching our first resistance at 85.13 (horizontal pullback resistance) where price could potentially react off this level and drop to our major support at 80.58 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
RSI (89) is also...
