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20aug21

#USDCAD is reacting below pivot, potential for a dropPrice is reaction below our pivot level at 1.29135 which is in-line with 127.2% Fibonacci retracement level and 100% Fibonacci extension level. Price could potentially drops towards support at 1.27910 which is in-line with 23.6% Fibonacci retracement level, 61.8% Fibonacci extension and horizontal pullback support. Stochastic is also at resistance where previous drops occurred. Alternatively, price may swing towards resistance at 1.30455, which coincides with 161.8% Fibonacci retracement level and 127.2% Fibonacci extension level. Pivot: 1.29135 Why we like it: 127.2% Fibonacci retracement level and 100% Fibonacci extension level 1st Support: 1.27910 23.6% Fibonacci retracement level, 61.8% Fibonacci extension and horizontal pullback support 1st Resistance: 1.30455 161.8% Fibonacci retracement level and 127.2% Fibonacci extension level Trading FX & CFDs carries high risk.
Short
by VantageMarkets
#NZDUSD is at pivot, potential for a bouncePrice is reacting at our pivot level at 0.68040 which is in line with -27.2% Fibonacci retracement level and 127.2% Fibonacci extension. Price could potentially bounce towards resistance at 0.68820 which coincides with 38.2% Fibonacci retracement level and 78.6% Fibonacci extension level. Stochastic is also at support level where previous bounces occurred Alternatively, price may drop towards support at 0.67575, which coincides with -61.8% Fibonacci retracement level and 161.8% Fibonacci extension level. Pivot: 0.68040 Why we like it: -27.2% Fibonacci retracement level and 127.2% Fibonacci extension 1st Support: 0.67575 -61.8% Fibonacci retracement level and 161.8% Fibonacci extension level 1st Resistance: 0.68820 38.2% Fibonacci retracement level and 78.6% Fibonacci extension level Trading FX & CFDs carries high risk.
Long
by VantageMarkets
#AUSDUSD is approaching pivot, potential for bouncePrice is approaching our pivot level at 0.70985 which is in line with -61.8% Fibonacci retracement level and 100% Fibonacci extension level. Price could potentially bounce towards resistance at 0.72100 which is in line with 38.2% Fibonacci retracement level, 61.8% Fibonacci extension level and 20EMA. Stochastic is also at support level where previous bounces occurred. Alternatively, price may drop towards support at 0.70338, which coincides with -27.2% Fibonacci retracement level and 127.2% Fibonacci extension level. Pivot: 0.70985 Why we like it: -61.8% Fibonacci retracement level and 100% Fibonacci extension level 1st Support: 0.70338 -27.2% Fibonacci retracement level and 127.2% Fibonacci extension level 1st Resistance: 0.72100 38.2% Fibonacci retracement level, 61.8% Fibonacci extension level and 20EMA Trading FX & CFDs carries high risk.
Long
by VantageMarkets
#XAUUSD consolidating below pivot, potential for a dropPrice is consolidating below 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 indicating bearish momentum for further downside. 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