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22sep21

#USDJPY approaching pviot, potential for a drop!Price is approaching our pivot level at 109.720, in-line with 61.8% Fibonacci retracement level and 50MA. Price could potentially drop to support at 109.095, in-line with 78.6% Fibonacci retracement level, 78.6% Fibonacci extension and swing low support Alternatively, price may swing towards our resistance at 110.080, in-line with 100% Fibonacci retracement level and swing high resistance. Pivot: 109.720 Why we like it: 61.8% Fibonacci retracement level and 50MA 1st Support: 109.095 78.6% Fibonacci retracement level, 78.6% Fibonacci extension and swing low support 1st Resistance: 110.080 100% Fibonacci retracement level and swing high resistance Trading FX & CFDs carries high risk.
Short
by VantageMarkets
#EURUSD reacting below pivot, potential for further downsidePrice is reacting below pivot level at 1.17490, in-line with 23.6% Fibonacci retracement and 61.8% Fibonacci extension and 20EMA. Price could potentially drop to support at 1.16645, in-line with 100% Fibonacci retracement , 161.8% Fibonacci extension and swing low support. RSI is also at descending trendline resistance where previous drops occurred. Alternatively, price may bounce to our resistance at 1.17800, in-line with 38.2% Fibonacci retracement and 100% Fibonacci extension . Pivot: 1.17490 Why we like it: 23.6% Fibonacci retracement and 61.8% Fibonacci extension and 20EMA 1st Support: 1.16645 Why we like it: 100% Fibonacci retracement , 161.8% Fibonacci extension and swing low support 1st Resistance: 1.17800 Why we like it: 38.2% Fibonacci retracement and 100% Fibonacci extension Trading FX & CFDs carries high risk.
Short
by VantageMarkets
#GBPUSD consolidating sideways, potential for bounce to pivot!Price is consolidating sideways and if it approach the pivot level at 1.37050, in-line with 23.6% Fibonacci retracement level, 61.8% Fibonacci extension and 20EMA. Price could potentially face bearish pressure and drop to support at 1.36020 which is in-line with 100% Fibonacci retracement , 100% Fibonacci extension and swing low support. Stochastic is also approaching horizontal support where previous bounces occurred. Alternatively, price may swing towards resistance at 1.37560, in-line with 38.2% Fibonacci retracement and 100% Fibonacci extension and trendline resistance. Pivot: 1.37050 Why we like it: 23.6% Fibonacci retracement level, 61.8% Fibonacci extension and 20EMA 1st Support: 1.36020 100% Fibonacci retracement , 100% Fibonacci extension and swing low support 1st Resistance: 1.37560 38.2% Fibonacci retracement and 100% Fibonacci extension and trendline resistancez Trading FX & CFDs carries high risk.
Short
by VantageMarkets
#USDCHF is at pivot, potential for a bounce!Price is approaching pivot level of 0.92445, in-line with 38.2% Fibonacci retracement and 61.8% Fibonacci extension. We could potentially expect the price to bounce towards resistance at 0.93260, in-line with 100% Fibonacci retracement and swing high resistance. Alternatively, price could drop to support at 0.91910, in-line with 61.8% Fibonacci retracement and 100% Fibonacci extension. Pivot: 0.92445 Why we like it: 38.2% Fibonacci retracement and 61.8% Fibonacci extension 1st Support: 0.91910 Why we like it: 61.8% Fibonacci retracement and 100% Fibonacci extension 1st Resistance: 0.93260 Why we like it: 100% Fibonacci retracement and swing high resistance Trading FX & CFDs carries high risk.
Long
by VantageMarkets