Market analysis from easyMarkets
Price has broken out of our resistance-turned-support at 82.60 (horizontal swing high resistance, 50% Fibonacci retracement) and a strong rally might occur, pushing price up to our major resistance at 83.55 (horizontal overlap resistance, 100% Fibonacci extension, 76.4% Fibonacci retracement). RSI (55) is also approaching our long term descending resistance line...
Price is approaching our first resistance at 132.41 (horizontal swing high resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement). A strong reaction might occur at this level, pushing price down to our major support at 131.11 (horizontal swing low support, 50% Fibonacci retracement) which coincides with our short term ascending support line....
Price has bounced off first support at 89.77 (Horizontal swing low support, 50% Fibonacci retracement, 100% Fibonacci retracement) and might be pushed up to our major resistance at 90.28 (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching our major support and a bounce off this level...
Price is approaching our first resistance at 1339.70 (horizontal swing high resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension) which coincides with the short term descending resistance line. A strong reaction might occur at this level, pushing price down to our major support at 1326.76 (horizontal swing low support, 100% Fibonacci extension, 61.8%...
UK100GBP is approaching our support at 7104.3 (horizontal overlap support, 38.2%, 50% Fibonacci retracement, 100% Fibonacci extension). A strong bounce might occur at this level, pushing price up to our major resistance at 7221.5 (horizontal swing high resistance). RSI (55) is approaching our major support level and a bounce off this level might be a good...
GBPUSD is testing our first resistance at 1.4905 (horizontal overlap resistance, 50% Fibonacci retracement, 100% Fibonacci extension). A strong reaction might occur below this level, pushing price down to our major support at 1.3993 (horizontal overlap support, 50% Fibonacci retracement). Stochastic (55,5,3) is also approaching our major resistance and a...
EURUSD is approaching our first resistance at 1.2288 (horizontal overlap resistance, 100% Fibonacci extension, 23.6% Fibonacci retracement). A breakout above this level might cause a strong rally up to our major resistance at 1.2373 (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Price also broke out of our short term...
USDJPY is approaching our first resistance at 106.99 (horizontal overlap resistance, 23.6%, 38.2% Fibonacci retracement). A strong drop might occur at this level, pushing price down to our major support at 106.14 (horizontal pullback support, 100% Fibonacci extension, 76.4% Fibonacci retracement). A breakout below our intermediate support at 106.70 (50% Fibonacci...
NZDUSD is approaching our first support at 0.7248 (horizontal pullback support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). A strong bounce might occur above this level, pushing price up to our major resistance at 0.7294 (horizontal swing high resistance, 61.8% Fibonacci retracement). Stochastic (55,5,3) is also approaching our major support and we...
USDX reached our first resistance perfectly at 90.52 (horizontal swing high resistance, 61.8%, 100% Fibonacci extension, Elliot wave structure). A strong reaction might occur below this level, pushing price down to our major support at 89.96 (horizontal swing low support, 38.2% Fibonacci retracement) which coincides with our short term descending...
AUDUSD is bouncing off our first support at 0.76560 (horizontal swing low support, 61.8% Fibonacci retracement) which coincides with our short term ascending support line. A strong bounce might occur above this level, pushing price up to our major resistance at 0.7727 (horizontal swing high resistance, 100% Fibonacci extension, 61.8%, 76.4% Fibonacci retracement)....
EURUSD is testing our first support at 1.2228 (horizontal swing low support, 61.8% Fibonacci extension, 76.4% Fibonacci retracement, Elliot wave structure). A bounce might occur above this level, pushing price up to our major resistance at 1.2341 (50%, Fibonacci retracement, horizontal swing high resistance). A breakout of our intermediate resistance at 1.2285...
XAUUSD is approaching our first support at 1328.73 (horizontal overlap support, 76.4% Fibonacci retracement) which coincides with our short term ascending support line. A strong bounce might occur above this level, pushing price up to our major resistance at 1340.80 (61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (21,5,3) is also approaching...
AUDJPY is approaching our first resistance at 82.03 (38.2%, 76.4% Fibonacci retracement, horizontal swing high resistance, 100% Fibonacci extension, channel upper resistance). A strong reaction might occur at this level, pushing price down to our major support at 81.46 (horizontal overlap support, 50% Fibonacci retracement). Stochastic (21,5,3) is also seeing a...
USDJPY is approaching our first resistance at 107.12 (61.8%, 100% Fibonacci extension, 23.6% Fibonacci retracement). A strong drop might occur below this level, pushing price down to our major support at 106.16 (horizontal swing low support, 61.8% Fibonacci extension). Stochastic (21,5,3) is approaching our major resistance and a reaction off this level might be...
USDCAD is approaching our support at 1.2743 (Horizontal overlap support, 61.8% Fibonacci extension). A strong bounce might occur at this level, pushing price up to our major resistance at 1.3122 (horizontal swing high resistance). Stochastic (55,5,3) is also approaching our major support and a we might see a corresponding rise in price should it bounce off this...
GBPUSD is approaching our first resistance at 1.4097 (horizontal swing high resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension). A strong reaction might occur at this level, pushing price down to our major support at 1.4013 (horizontal swing low support, 100% Fibonacci extension, 50% Fibonacci retracement). RSI (55) is also testing its major...
DXY has broken out of major descending resistance. Price could potentially rally from our breakout level at 90.08 towards our major resistance at 90.46 (horizontal swing high resistance, 76.4% Fibonacci retracement 100% Fibonacci extension). RSI (89) is also approaching our major descending resistance line and a breakout of this level might provide bullish...