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...
USDCHF is testing our first resistance at 0.9960 (horizontal swing high resistance) and a strong reaction might occur below this level pushing price down to our major support at 0.9731 (horizontal swing low support). A breakout below our short term ascending support line and intermediate support at 0.9845 (horizontal pullback support, 23.6% Fibonacci retracement) ...
NZDUSD is approaching our first resistance at 0.6982 (horizontal overlap resistance, 23.6% Fibonacci retracement) and price might potentially drop to our first support at 0.6784 (horizontal swing low support).
RSI is also facing bearish pressure and a reaction off this level might see a corresponding drop in price.
Trading CFDs on margin carries high risk....
Price is testing our first resistance at 82.19 (horizontal pullback resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) where a strong reaction could occur below this level pushing price down to our major support at 81.14 (horizontal swing low support).
RSI is also seeing a bearish exit and we might see a corresponding drop in price.
Trading CFDs...
EURUSD is testing our first resistance at 1.1719 (horizontal overlap resistance, 23.6% Fibonacci retracement) and a strong reaction might occur below this level pushing price down to our major support at 1.1556 (horizontal swing low support).
RSI is also approaching its resistance and we might see a corresponding drop in price should it react off this level....
CHFJPY is approaching our first support at 110.07 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 110.70 (horizontal swing high resistance, 38.2% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure in line...
XAUUSD is approaching our first resistance at 1301.45 (horizontal pullback resistance) and 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 1297.49 (horizontal overlap support) might provide the bearish...
USDCAD is testing our first resistance at 1.2986 (horizontal swing high resistance, 100% Fibonacci extension 78.6% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our first support at 1.2896 (horizontal pullback support, 38.2% Fibonacci retracement).
Stochastic (55,5,3) is also approaching resistance and a reaction...
XAUUSD is approaching our first resistance at 1304.16 (horizontal pullback resistance, 50% Fibonacci retracement, 100% Fibonacci extension) where price might potentially drop to our major support at 1283.99 (horizontal swing low support).
Stochastic (21,5,3) is also approaching our resistance and a reaction off this level might be a good precursor for a potential...
CADJPY broke out of its short term ascending support line and is testing our first resistance at 85.13 (horizontal overlap resistance) and a strong reaction might occur below this level pushing price down to our major support at 80.58 (horizontal swing low support).
RSI is also seeing a bearish exit and Ichimoku cloud is showing signs of bearish pressure, in...
XAGUSD is approaching our first resistance at 16.83 (horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where price might potentially drop to our major support at 16.33 (horizontal swing low support).
Stochastic (55,5,3) is also testing our resistance and a reaction off this level might be a good precursor for a potential...
AUDUSD broke out of our short term ascending support line and is testing our first resistance at 0.7567 (horizontal overlap resistance, 61.8% Fibonacci retracement) where a strong reaction might occur below this level, pushing price down to our first support at 0.7525 (horizontal swing low support, 50% Fibonacci retracement). A breakout below our short term...
CHFJPY is testing our first support at 110.07 (horizontal swing low support, 61.8% Fibonacci retracement , 61.8% Fibonacci extension, Elliot wave structure) where price might potentially rise to its first resistance at 110.67 (horizontal overlap resistance, 38.2% Fibonacci retracement ).
Stochastic (55,5,3) is also approaching support and a bounce off this level...
AUDCAD is testing our first resistance at 0.9717 (horizontal overlap resistance, 23.6% Fibonacci retracement) and a strong reaction might occur below this level pushing price down to our major support at 0.9644 (horizontal pullback support, 50% Fibonacci retracement).
Stochastic is also seeing a bearish divergence and is approaching resistance where a reaction...
EURUSD is testing our first resistance (horizontal pullback resistance) at 1.1719 and a strong reaction might occur below this level pushing price down to our major support at 1.1556 (horizontal swing low support).
RSI is also approaching our resistance and a reaction off this level might be a good precursor for a potential drop in price.
Trading CFDs on margin...
XAUUSD is approaching our first resistance at 1301.3 (horizontal pullback resistance, 38.2% 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 1283.99 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish pressure...
GBPJPY dropped perfectly from our resistance and has reacted off our first resistance at 148.43 (horizontal overlap resistance) and a strong reaction might occur causing price to drop to our major support at 147.14 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
RSI (89) is also seeing a...
CHFJPY broke out of our short term ascending support-turned-resistance line and is approaching our first support at 111.21 (horizontal overlap support, 23.6% Fibonacci retracement). A breakout below this level might trigger a strong reaction and push price down to our major support at 110.76 (horizontal swing low support, 38.2% Fibonacci retracement). Ichimoku...
