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25aug21

EURAUD is reacting above pivot, potential for further upsidePrice is reacting above pivot level at 1.61685 which is in line with 50% Fibonacci retracement level , 100% Fibonacci extension and 50MA. Price may potentially bounce to resistance at 1.62675 which is in-line with 38.2% Fibonacci retracement and 61.8% Fibonacci extension level. Stochastic is also approaching support level where previous bounces occurred. Alternatively, price may drop towards support at 1.60765 which is in line with 61.8% Fibonacci retracement and 127.2% 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
USDCAD is reacting above pivot, potential for further upsidePrice is reacting above pivot level at 1.61685 which is in line with 50% Fibonacci retracement level , 100% Fibonacci extension and 50MA. Price may potentially bounce to resistance at 1.62675 which is in-line with 38.2% Fibonacci retracement and 61.8% Fibonacci extension level. Stochastic is also approaching support level where previous bounces occurred. Alternatively, price may drop towards support at 1.60765 which is in line with 61.8% Fibonacci retracement and 127.2% 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
3
#USDJPY approaching pivot, potential for dropPrice is consolidating inside a symmetrical triangle and approaching our pivot level at 109.990 which is in line with 78.6% Fibonacci retracement level and descending trendline resistance. Price could potentially push down to support at 109.545, which is in line with 78.6% Fibonacci retracement level, 78.6% Fibonacci retracement level and ascending trendline support. Alternatively, price may swing towards our resistance at 110.160, which coincides with 61.8% Fibonacci retracement level and 61.8% Fibonacci retracement level Pivot: 109.990 Why we like it: 78.6% Fibonacci retracement level and descending trendline resistance 1st Support: 109.545 78.6% Fibonacci retracement level, 78.6% Fibonacci retracement level and ascending trendline support 1st Resistance: 110.160 61.8% Fibonacci retracement level and 61.8% Fibonacci retracement level Trading FX & CFDs carries high risk.
Short
by VantageMarkets
#GBPUSD is at pivot, potential for a drop!Price is reactive below pivot level at 1.37405 which is in line with 50% Fibonacci retracement level , 200% Fibonacci extension and 50MA. Price may potentially drop to support at 1.36580 which is in-line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension level. Stochastic is also approaching resistance level where previous drops occurred. Alternatively, price may swing towards resistance at 1.37870 which is in line with -27.2% Fibonacci retracement and 61.8% Fibonacci extension level. Pivot: 1.37405 Why we like it: 50% Fibonacci retracement level , 200% Fibonacci extension and 50MA 1st Support: 1.36580 61.8% Fibonacci retracement and 61.8% Fibonacci extension level 1st Resistance: 1.37870 -27.2% Fibonacci retracement and 61.8% Fibonacci extension level Trading FX & CFDs carries high risk.
Short
by VantageMarkets