fxtop

fxtop Updated 

Technical outlook: EURUSD has retraced 0.38% of its rally from 1.1719 to 1.2534. The 0.38 level has held the support successfully on Thursday and Friday during the stock market turmoil. So I think that this level will hold the price and we will see the price rally towards 1.2534 again. we have another support near 0.5 fib level at 1.2127 and then the 2017 high at...

fxtop Updated 

Sold USDJPY at 110.60 after daily close below 111.00 support level. USD selling is getting intense in all pair except in USDJPY so this pair has a lot of room to go further down. FIrst take profit is at 109.10 and 2nd take profit is at 107.40. Stop loss is at 111.53.

fxtop Updated 

XRPUSD is in correction phase after hitting the all-time high at 3.40 $. After coinbase denied the rumor that it is including XRP in its trading platform, xrp is in a downward movement and we may see it go down further. It may find support at 0.5 fib level at 1.78 $, another nearby strong support is at 1.60 $. So I will place a buy order at 1.60 with a target of 4...

fxtop Updated 

EURUSD is in retracement phase of its bull run now. The price is now at 0.38 fib level. Price is expected to bounce from here and have another go at 1.21 level which has prevented the advancement twice. I opened a long position from 1.1955 with a stop loss at 1.1895 which is below the 0.5 fib level(1.1904) of up movement. Price target is 1.2120.

fxtop Updated 

EURUSD presents a good oppertunity to go long against the green support zone between 1.1730-1.1700. This zone has held the price from going down for about a month now, and also provided support in the past. The target would be above previous high at around 1.21. The optimum entry would be above friday's low at 1.1830 with a stop loss at 1.1680 and take profit at...

fxtop Updated 

USDCAD is stuck between the 1.2670-1.2900 range from quite sometime. It has tried to rally above 1.2900 thrice but failed on each attempt. Now it is going for a test of lows at 1.2670. That level held the downwards movement twice and is likely to do so again due to the uncertainty over NAFTA and also due to a bit bearish stance by the B.O.C. I will place a long...