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19aug21

EURUSD approaching pivot, potential for a bouncePrice is approaching our pivot level at 1.16532 which is in line with -27.2% Fibonacci retracement level and 78.6% Fibonacci extension level. Price can potentially bounce to resistance at 1.17120, which is in line with 38.2% Fibonacci retracement level and 61.8% Fibonacci extension level. Stochastic is also at support level where previous bounces occurred. Alternatively, price may drop to our support at 1.16134, which coincides with -27.2% Fibonacci retracement level and 100% Fibonacci extension level. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by FXCM
#USDCHF above pivot, potential for a further upsidePrice is above the pivot level at 0.91590 which is in-line with 50% Fibonacci retracement and 20EMA. Prices may bounce further upside to resistance at 0.92400, which coincides with 100% Fibonacci retracement level and 61.8% Fibonacci extension level. MACD is also indicating bullish momentum for further upside. Alternatively, price may drop to our support level at 0.90461 which is in-line with 78.6% Fibonacci retracement , 78.6% Fibonacci extension and ascending trendline support. Pivot: 0.91590 Why we like it: 50% Fibonacci retracement and 20EMA 1st Support: 0.90461 Why we like it: 78.6% Fibonacci retracement , 78.6% Fibonacci extension and ascending trendline support 1st Resistance: 0.92400 Why we like it: 100% Fibonacci retracement level and 61.8% Fibonacci extension level Trading FX & CFDs carries high risk.
Long
by VantageMarkets
#GBPUSD approaching pivot, potential for a bounce!Price is approaching pivot level at 1.36876 which is in line with -27.2% Fibonacci retracement level and 100% Fibonacci extension. Price may potentially swing towards our resistance at 1.377736, which coincides with 38.2% Fibonacci retracement level and 61.8% Fibonacci extension level. Alternatively, price may drop to our support at 1.36215 which is in line with -61.8% Fibonacci retracement and 127.2% Fibonacci extension level. Pivot: 1.36876 Why we like it: -27.2% Fibonacci retracement level and 100% Fibonacci extension 1st Support: 1.36215 -61.8% Fibonacci retracement and 127.2% Fibonacci extension level 1st Resistance: 1.377736 38.2% Fibonacci retracement level and 61.8% Fibonacci extension level Trading FX & CFDs carries high risk.
Long
by VantageMarkets
#EURUSD approaching pivot, potential for a bounce!Price is approaching our pivot level at 1.16532 which is in line with -27.2% Fibonacci retracement level and 78.6% Fibonacci extension level. Price can potentially bounce to resistance at 1.17120, which is in line with 38.2% Fibonacci retracement level and 61.8% Fibonacci extension level. Stochastic is also at support level where previous bounces occurred. Alternatively, price may drop to our support at 1.16134, which coincides with -27.2% Fibonacci retracement level and 100% Fibonacci extension level. Pivot: 1.16532 Why we like it: -27.2% Fibonacci retracement level and 78.6% Fibonacci extension level 1st Support: 1.16134 Why we like it: -27.2% Fibonacci retracement level and 100% Fibonacci extension level 1st Resistance: 1.17120 Why we like it: 38.2% Fibonacci retracement level and 61.8% Fibonacci extension level Trading FX & CFDs carries high risk.
Long
by VantageMarkets
#USDJPY approaching pivot, potential for further upsidePrice is reacting above our pivot level at 109.76 which is in line with 38.2% Fibonacci retracement level, 61.8% Fibonacci retracement level & 20EMA. Price could potentially push up further to resistance at 110.44, which is in line with 78.6% Fibonacci retracement level, 161.8% Fibonacci retracement level and horizontal overlap resistance. Alternatively, price may drop to our support at 109.17, which coincides with 78.6% Fibonacci retracement level and 161.8% Fibonacci retracement level Pivot: 109.76 Why we like it: 38.2% Fibonacci retracement level, 61.8% Fibonacci retracement level & 20EMA 1st Support: 109.17 78.6% Fibonacci retracement level and 161.8% Fibonacci retracement level 1st Resistance: 110.44 78.6% Fibonacci retracement level, 161.8% Fibonacci retracement level and horizontal overlap resistance Trading FX & CFDs carries high risk.
Long
by VantageMarkets