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27sep21

#USDCHF reacting above pivot, potential for a bounce!Price is approaching pivot level of 0.9229, which is in line with 61.8% Fibonacci retracement level horizontal swing low support. A reversal from this level may see price take resistance at price 0.93329. This level coincides with horizontal swing high resistance. Finally, we can expect price to take support at 0.91756horizontal swing low support . This is further supported by how price is now holding above the EMA . Pivot: 0.92290 Why we like it: 61.8% Fibonacci retracement level horizontal swing low support 1st Support: 0.91756 Why we like it: horizontal swing low support 1st Resistance: 0.93329 Why we like it: horizontal swing high resistance Trading FX & CFDs carries high risk.
Long
by VantageMarkets
#USDJPY reacting below pviot, potential for a drop!Price is reacting below our pivot level at 110.805, in-line with 100% Fibonacci retracement, 127.2% Fibonacci extension and swing high resistance. Price could potentially drop to support at 110.165, in-line with 38.2% Fibonacci retracement level, 61.8% Fibonacci extension and 20EMA. Stochastic is also at resistance where previous drops occurred. Alternatively, price may swing towards our resistance at 111.265, in-line with 127.2% Fibonacci retracement level and 161.8% Fibonacci extension. Pivot: 110.805 Why we like it: 100% Fibonacci retracement, 127.2% Fibonacci extension and swing high resistance 1st Support: 110.165 38.2% Fibonacci retracement level, 61.8% Fibonacci extension and 20EMA 1st Resistance: 111.265 127.2% Fibonacci retracement level and 161.8% Fibonacci extension Trading FX & CFDs carries high risk.
Short
by VantageMarkets
3
#EURUSD reacting above support, potential for bouncePrice is reacting above our pivot level at 1.17085, in-line with 61.8% Fibonacci retracement level and horizontal overlap support. Price can potentially swing towards resistance at 1.17700, in-line with 38.2% Fibonacci retracement level, 100% Fibonacci extension and 200MA. RSI has also bounced off retest from descending trendline breakout indicating possible further bullish momentum. Alternatively, price may drop to our support at 1.16645, in-line 100% Fibonacci retracement level, 161.8% Fibonacci extension and swing low support. Pivot: 1.17085 Why we like it: 61.8% Fibonacci retracement level and horizontal overlap support 1st Support: 1.16645 Why we like it: 100% Fibonacci retracement level, 161.8% Fibonacci extension and swing low support 1st Resistance: 1.17700 Why we like it: 38.2% Fibonacci retracement level, 100% Fibonacci extension and 200MA Trading FX & CFDs carries high risk.
Long
by VantageMarkets
#GBPUSD consolidating at pivot, potential for bounce!Price is at pivot level of 1.36660, in-line with 61.8% Fibonacci retracement and 100% Fibonacci extension. Price may potentially swing towards resistance at 1.37980, in-line with 61.8% Fibonacci retracement , 161.8% Fibonacci extension level and trendline resistance. Alternatively, price may drop to support at 1.36100, in-line with 100% Fibonacci retracement, 161.8% Fibonacci extension level and swing low support Pivot: 1.36660 Why we like it: 61.8% Fibonacci retracement and 100% Fibonacci extension 1st Support: 1.36100 100% Fibonacci retracement, 161.8% Fibonacci extension level and swing low support 1st Resistance: 1.37980 61.8% Fibonacci retracement , 161.8% Fibonacci extension level and trendline resistance Trading FX & CFDs carries high risk.
Long
by VantageMarkets