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AUDJPY facing bearish pressure| 1st July 2021AUDJPY is facing bearish pressure. Prices might continue to drop upon breaking through support level in line with 50% Fibonacci retracement and 78.6% Fibonacci extension Fibonacci confluence area. Prices might drop towards support level in line with 78.6% Fibonacci retracement and -27.2% Fibonacci retracement Fibonacci confluence area. If prices bounce from our entry, prices might face resistance from horizontal pullback resistance in line with 50% Fibonacci retracement and 78.6% Fibonacci extension. MACD is also showing a bearish crossover, showing a further bearish pressure for prices. 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 interest 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.
Short
by FXCM
USDJPY approaching resistance, potential for reversalPrices are appraoching resistance in line with 127.2% Fibonacci retracement and 61.8% Fibonacci extension Fibonacci confluence . Prices might push down towards horizontal pullback support in line with ascending trendline resistance, 61.8% Fibonacci retracement, and 78.6% Fibonacci extension. If prices continue to push up, prices might face resistance from 161.8% Fibonacci retracement and 78.6% Fibonacci extension Fibonacci confluence. Stochastics is also showing resistance from 95.83 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 interest 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.
Short
by FXCM
GBPJPY potential for bounce| 1st July 2021GBPJPY broke out of descending trendline resistance and is currently taking support on horizontal swing low support in line with 38.2% Fibonacci retracement and 78.6% Fibonacci extension. Prices might push up towards horizontal swing high resistance in line with 78.6% Fibonacci extension and 61.8% Fibonacci retracement. If prices push down, prices might take support on horizontal swing low support in line with 161.8% Fibonacci extension and 78.6% Fibonacci retracement. 34 EMA is also below prices, showing a bullish pressure for prices. 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 interest 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
EURGBP facing bearish pressure | 1st July 2021EURGBP is facing bearish pressure as it continues to hold below moving average resistance. A break and close below Sell Entry, in line with horizontal swing low support, 61.8% Fibonacci retracement and 61.8% Fibonacci extension, could see price swing towards 1st Support, in line with horizontal swing low support and 127.2% Fibonacci extension. 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 interest 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.
Short
by FXCM
1
NZDJPY facing bullish pressure | 1st July 2021NZDJPY is facing bullish pressure as it holds above moving average support and MACD holds above 0 line. We could see further upside above Buy Entry, in line with 50% Fibonacci retracement, 78.6% Fibonacci extension, and horizontal pullback support, towards Take Profit, in line with 78.6% Fibonacci retracement, 78.6% Fibonacci extension, and horizontal pullback resistance. 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 interest 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
1
GBPNZD facing bullish pressure| 30th June 2021GBPNZD facing bullish pressure from ascending trendline support, horizontal pullback support, 50% Fibonacci retracement, and 78.6% Fibonacci extension. Prices might push up towards horizontal pullback resistance in line with 78.6% Fibonacci retracement and 100% Fibonacci extension. If prices push down further, prices might take support on horizontal overlap in line with 61.8% Fibonacci retracement and 127.2% Fibonacci extension. Ichimoku cloud is also below prices, showing a bullish pressure for prices. 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 interest 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
EURNZD approaching support, potential for bounce|30th June 2021EURNZD is approaching support in line with horizontal swing low support, 38.2% Fibonacci retracement, and 100% Fibonacci extension. Prices might push up towards horizontal swing high resistance in line with 100% Fibonacci extension and 88% Fibonacci retracement. If prices push down, prices might take support on horizontal pullback support in line with 50% Fibonacci retracement and 78.6% Fibonacci retracement. EMA is also below prices, showing a bullish pressure for prices. 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 interest 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
GBPCAD potential for further upside|30th June 2021GBPCAD is approaching 1st support which is our horizontal overlap support in line with 50% Fibonacci retracement and 61.8% Fibonacci extension. Prices might push up towards horizontal swing high resistance in line with 78.6% Fibonacci retracement and 78.6% Fibonacci extension. If prices continue to push down, prices might take support on horizontal swing low support in line with 127.2% Fibonacci extension. Ichimoku cloud is also below prices, showing a bullish pressure for prices. 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 interest 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
EURNZD facing bullish pressure|29th June 2021EURNZD facing bullish pressure from ascending trendline support in line with 38.2% Fibonacci retracement and 61.8% Fibonacci extension. Prices might push up towards horizontal pullback resistance in line with 61.8% Fibonacci retracement as well as 78.6% Fibonacci extension. If prices continue to push down, prices might take support on horizontal pullback support in line with 161.8% Fibonacci extension and 127.2% Fibonacci retracement. EMA is also below prices, showing a bullish pressure for prices. 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 interest 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
1
USDJPY approaching resistance, potential for drop|29th June 2021Prices are approaching resistance level in line with horizontal overlap resistance and 38.2% Fibonacci retracement. If prices push down, prices might take support on horizontal overlap support in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension. If prices push up, prices might face resistance from 127.2% Fibonacci extension as well as 78.6% Fibonacci retracement. Ichimoku cloud is also above prices, showing a bearish pressure for prices. 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 interest 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.
Short
by FXCM
AUDUSD approaching resistance, potential for drop|29th June 2021AUDUSD is approaching resistance level in line with horizontal swing high resistance in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension. Prices might push down towards horizontal overlap support in line with 61.8% Fibonacci retracement and 100% Fibonacci extension. If prices continue to push up, prices might face resistance from horizontal overlap resistance in line with 61.8% Fibonacci retracement and 127.2% Fibonacci extension. Ichimoku cloud is also above prices, showing a bearish pressure for prices. 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 interest 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.
Short
by FXCM
GBPJPY facing bearish pressure | 29th June 2021GBPJPY is facing bearish pressure, as it continues to hold below the moving average and descending trendline resistance. We could see a reversal at Pivot, in line with 50% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance, and moving average resistance, towards 1st Support, in line with 76.4% Fibonacci retracement and 127.2% Fibonacci extension. 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 interest 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
2
EURGBP approaching support | 29th June 2021EURGBP is approaching Buy Entry, in line with 50% Fibonacci retracement, 50% Fibonacci extension, and moving average support. We could see a bounce and further upside towards Take Profit, in line with 61.8% Fibonacci extension and horizontal swing high resistance. Price is also holding above moving average support, showing bullish pressure. 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 interest 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
1
CADCHF facing bullish pressure | 29th June 2021CADCHF is facing bullish pressure as it continues to hold above ascending trendline support and Stochastics has bounced from support where price has reacted in the past, showing signs of bullish pressure. We could see further upside above Buy Entry, in line with 38.2% Fibonacci retracement, 78.6% Fibonacci extension, and horizontal swing low support, towards Take Profit, in line with 127.2% Fibonacci extension and horizontal swing high resistance. 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 interest 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
GBPCHF approaching resistance, reversal incoming| 28th June 2021GBPCHF is approaching horizontal pullback resistance in line with 161.8% Fibonacci extension and 61.8% Fibonacci retracement. Prices might push down towards horizontal swing low support in line with 78.6% Fibonacci extension. If prices continue to push up, prices might face resistance from horizontal swing high resistance in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension. Ichimoku cloud is also above prices, showing a bearish pressure for prices. 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 interest 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.
Short
by FXCM
1
GBPCAD facing bearish pressure|28th June 2021Prices are approaching descending trendline resistance in line with 78.6% Fibonacci extension and 61.8% Fibonacci retracement Fibonacci confluence zone. Prices might push down towards horizontal swing low support in line with 61.8% Fibonacci extension. if prices push up, prices might face resistance from horizontal swing high resistance in line with 88% Fibonacci retracement. Ichimoku cloud is also above prices, showing a bearish pressure for prices. 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 interest 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.
Short
by FXCM
USDJPY potential for bounce|28th June 2021USDJPY is facing bullish pressure from ascending trendline support in line with 78.6% Fibonacci retracement and 61.8% Fibonacci extension. Prices might push up towards horizontal swing high resistance in line with -27.2% Fibonacci retracement and 100% Fibonacci extension. If prices continue to push downwards, prices might take support from horizontal swing low support in line with 50% Fibonacci retracement and 100% Fibonacci extension. 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 interest 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
5
CADCHF testing Sell Entry | 28th June 2021CADCHF is testing the Sell Entry level, in line with 61.8% Fibonacci retracement, 78.6% Fibonacci extension, and horizontal overlap resistance, where we could see a reversal and further downside towards Take Profit, in line with 50% Fibonacci retracement, 61.8%, 127.2% Fibonacci extension and horizontal swing low support. Stochastics is also approaching resistance where price has reacted before, showing signs of bearish pressure. 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 interest 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.
Short
by FXCM
GBPUSD facing bearish pressure | 28th June 2021GBPUSD is facing bearish pressure as it holds below the descending trendline resistance and moving average resistance. We could see further downside below Pivot, in line with 50% Fibonacci retracement and descending trendline resistance, towards Take Profit, in line with 78.6% Fibonacci retracement, 78.6% Fibonacci extension, and horizontal pullback support. 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 interest 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.
Short
by FXCM
1
NZDUSD facing bullish pressure | 28th June 2021NZDUSD is facing bullish pressure as it continues to hold above the ascending trendline and moving average supports. We could see further upside above the Buy Entry level, in line with 78.6% Fibonacci retracement, 61.8% Fibonacci extension, and horizontal swing low support, towards Take Profit level, in line with 78.6% Fibonacci extension and horizontal swing high resistance. 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 interest 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
GBPCHF approaching resistance, reversal incoming|25th June 2021Prices are approaching horizontal pullback resistance in line with 50% Fibonacci retracement and 100% Fibonacci extension. Prices might push down towards horizontal overlap support in line with 78.6& Fibonacci retracement and 127.2% Fibonacci extension. If prices continue to push upwards, prices might face resistance from 161.8% Fibonacci extension and 78.6% Fibonacci retracement Fibonacci confluence zone. Ichimoku cloud is also above prices, showing a bearish pressure for prices. 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 interest 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.
Short
by FXCM
GBPUSD potential for further downside|25th June 2021Prices are facing bearish pressure from descending trendline resistance in line with horizontal overlap resistance, in line with 61.8% Fibonacci retracement and 50% Fibonacci extension. Prices might push down towards horizontal swing low support in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. If prices continue to push up, prices might face resistance from horizontal swing high resistance in line with 78.6% Fibonacci extension and 127.2% Fibonacci retracement. EMA is also above prices, showing a bearish pressure for prices. 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 interest 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.
Short
by FXCM
1
EURGBP facing bullish pressure | 25th June 2021EURGBP is facing bullish pressure as it is now holding above the moving average support, and Stochastics is also approaching the support level where the price has bounced from in the past as well. We could see a bounce at Buy Entry, in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension, and further upside towards Take Profit level, in line with 78.6% Fibonacci extension and horizontal swing high resistance. 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 interest 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