Get started

23sep21

#XAUUSD is reacting below pivot, potential for further downside!Price is consolidating above pivot level at 1,788.00, in-line with 50% Fibonacci retracement level, 161.8% Fibonacci extension level and horizontal overlap resistance. The price could potentially drop towards support at 1,720.30, in-line with 100% Fibonacci retracement level, 161.8% Fibonacci extension level and swing low support. Stochastic is also at resistance where previous drops occurred Alternatively, price may swing towards resistance at 1799.00 , in-line with 61.8% Fibonacci retracement level and 200% Fibonacci extension level. Pivot: 1,788.00 Why we like it: 50% Fibonacci retracement level, 161.8% Fibonacci extension level and horizontal overlap resistance 1st Support: 1,720.30 100% Fibonacci retracement level, 161.8% Fibonacci extension level and swing low support 1st Resistance: 1799.00 61.8% Fibonacci retracement level and 200% Fibonacci extension level Trading FX & CFDs carries high risk
SAXO:XAUUSDShort
by VantageMarkets
1
#USDCAD in ascending channel, potential for further upsidePrice is above pivot level at 1.27015, in-line with 61.8% Fibonacci retracement, 100% Fibonacci extension and ascending channel trendline. Price could potentially bounce higher to resistance at 1.29500, in-line with 100% Fibonacci retracement, 100% Fibonacci extension and swing high resistance. Stochastic is also at ascending trendline support for further bullish momentum. Alternatively, price could drop to support at 1.26510, in-line with 78.6% Fibonacci retracement and 127.2% Fibonacci extension. Pivot: 1.27015 Why we like it: 61.8% Fibonacci retracement, 100% Fibonacci extension and ascending channel trendline 1st Support: 1.26510 78.6% Fibonacci retracement and 127.2% Fibonacci extension 1st Resistance: 1.29500 100% Fibonacci retracement, 100% Fibonacci extension and swing high resistance Trading FX & CFDs carries high risk.
Long
by VantageMarkets
#NZDUSD approaching pivot, potential for bounce!Price is approaching pivot level at 0.69450, in-line with 61.8% Fibonacci retracement level, 78.6% Fibonacci extension level and horizontal overlap support. Price could potentially bounce towards resistance at 0.70575, in-line with 50% Fibonacci retracement , 61.8% Fibonacci extension level and 50MA. Alternatively, price could potentially drop to support level at 0.68440, in-line with 78.6% Fibonacci retracement level and 127.2% Fibonacci extension level. Pivot: 0.69450 Why we like it: 61.8% Fibonacci retracement level, 78.6% Fibonacci extension level and horizontal overlap support 1st Support: 0.68440 78.6% Fibonacci retracement level and 127.2% Fibonacci extension level 1st Resistance: 0.70575 50% Fibonacci retracement , 61.8% Fibonacci extension level and 50MA Trading FX & CFDs carries high risk.
Long
by VantageMarkets
#AUDUSD consolidating at pivot, potential for a bounce!Price is consolidating at pivot level of 0.72270, in-line with 61.8% Fibonacci retracement level and 78.6% Fibonacci extension level. Price could potentially swing towards resistance at 0.73200, in-line with 38.2% Fibonacci retracement level, 61.8% Fibonacci extension level and moving average resistances Alternatively, price could potentially drop to support level at 0.71575, in-line with 78.6% Fibonacci retracement level and 100% Fibonacci extension level. Pivot: 0.72270 Why we like it: 61.8% Fibonacci retracement level and 78.6% Fibonacci extension level 1st Support: 0.71575 Why we like it: 78.6% Fibonacci retracement level and 100% Fibonacci extension level 1st Resistance: 0.73200 Why we like it: 38.2% Fibonacci retracement level, 61.8% Fibonacci extension level and moving average resistances Trading FX & CFDs carries high risk.
Long
by VantageMarkets