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18aug21

#USDCAD is below pivot, potential for a further downsidePrice is reaction below our pivot level at 1.26504 which is in line with 61.8% Fibonacci retracement level and 100% Fibonacci extension level. Price could potentially drops towards support at 1.25683 which is in line with 50% Fibonacci retracement level, 78.6% Fibonacci extension and horizontal pullback support. RSI is also at resistance where previous drops occurred. Alternatively, price may swing towards resistance at 1.27095, which coincides with 78.6% Fibonacci retracement level and 127.2% Fibonacci extension level. Pivot: 1.26504 Why we like it: 61.8% Fibonacci retracement level and 100% Fibonacci extension level 1st Support: 1.25683 50% Fibonacci retracement level, 78.6% Fibonacci extension and horizontal pullback support 1st Resistance: 1.27095 78.6% Fibonacci retracement level and 127.2% Fibonacci extension level Trading FX & CFDs carries high risk.
Short
by VantageMarkets
#XAUUSD approaching pivot, potential for a dropPrice is approaching our pivot level at 1,796.49 which is in line with -27.2% Fibonacci retracement level and 78.6% Fibonacci extension level and horizontal overlap resistance. Price could potentially drop towards support at 1,761.94, in line with 23.6% Fibonacci retracement level , 61.8% Fibonacci extension level and 50MA. Stochastic is also at resistance level where previous drops occurred. Alternatively, price may bounces to our resistance at 1,815.56, which coincides with -61.8% Fibonacci retracement level and 161.8% Fibonacci extension level. Pivot: 1,796.49 Why we like it: -27.2% Fibonacci retracement level and 78.6% Fibonacci extension level and horizontal overlap resistance 1st Support: 1,761.94 23.6% Fibonacci retracement level , 61.8% Fibonacci extension level and 50MA 1st Resistance: 1,815.56 -61.8% Fibonacci retracement level and 161.8% Fibonacci extension level Trading FX & CFDs carries high risk
SAXO:XAUUSDShort
by VantageMarkets
#AUSDUSD is above pivot, potential for further upsidePrice is reacting above our pivot level at 0.72588 which is in line with 127.2% Fibonacci extension level. Price could potentially bounce further upside to resistance at 0.72962 which is in line with 38.2% Fibonacci retracement level , 78.6% Fibonacci extension level and 20EMA. Stochastic is also at support level where previous bounces occurred. Alternatively, price may drop towards support at 0.72074, which coincides with -27.2% Fibonacci retracement level and 161.8% Fibonacci extension level. Pivot: 0.72588 Why we like it: 127.2% Fibonacci extension level 1st Support: 0.72074 -27.2% Fibonacci retracement level and 161.8% Fibonacci extension level 1st Resistance: 0.72962 38.2% Fibonacci retracement level , 78.6% Fibonacci extension level and 20EMA Trading FX & CFDs carries high risk.
Long
by VantageMarkets