AUDUSD is facing bullish pressure. With price breaking above moving average support to the upside and also holding above ascending trendline support, a further push up above our entry at 0.71431 towards graphical overlap resistance and our take profit at 0.72434.
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Price have made a lower low which confirms overall bearish trend for AUDJPY however price has potential to bounce up to create a higher low hence our bias for the short term is bullish . Price is expected to push up to resistance level in line with 161.8% Fibonacci extension to make a potential lower high. Our short-term bullish bias is further supported by the...
Price is seen to holding below the H4 ascending support turn resistance however, price is also holding above the daily and weekly ascending trendline support, hence our overall bias would be a bullish momentum. Price has just bounced off the 1st support which is in line with the 100% Fibonacci extension , we are expecting price to move towards the 1st resistance...
Price is reacting above our pivot level at 109.76 which is in line with 38.2% Fibonacci retracement level, 61.8% Fibonacci retracement level & 20EMA. Price could potentially push up further to resistance at 110.44, which is in line with 78.6% Fibonacci retracement level, 161.8% Fibonacci retracement level and horizontal overlap resistance.
Alternatively, price may...
Price is reactive above pivot level at 1.36427 which is in line with -61.8% Fibonacci retracement level and 127.2% Fibonacci extension . Price may potentially swing towards our resistance at 1.36950, which coincides with 50% Fibonacci retracement level , 127.2% Fibonacci extension level and 20EMA. Stochastic is also at support level where previous bounces...
Price is approaching our pivot level at 1,796.49 which is in line with -27.2% Fibonacci retracement level and 78.6% Fibonacci extension level and horizontal overlap resistance. Price could potentially drop towards support at 1,761.94, in line with 23.6% Fibonacci retracement level , 61.8% Fibonacci extension level and 50MA. Stochastic is also at resistance level...
Price is approaching our pivot level at 1,796.49 which is in line with -27.2% Fibonacci retracement level and 78.6% Fibonacci extension level and horizontal overlap resistance. Price could potentially drop towards support at 1,761.94, in line with 23.6% Fibonacci retracement level , 61.8% Fibonacci extension level and 50MA. Stochastic is also at resistance level...
EURUSD is in the bearish area on the daily chart on the left. A bearish cross of EMAs and stochastic potentially align short-term traders with the daily. If signals occur, movement of stochastic to 20 level and maintenance of that level increase chance of a successful trade (blue arrow). Trend following indicators may be useful in this case as a potential exit...
Price is approaching support at 149.471 which in line with 61.8% Fibonacci extension and 78.6% Fibonacci retracement . It could potentially bounce from support and rise further to resistance at 152.162 in line with our 61.8% Fibonacci retracement and 78.6% Fibonacci extension . Otherwise price may continue to bearish to stop loss at 148.458 in line with Horizontal...
Price may bearish below pivot at 1.28075 in line with 100% Fibonacci retracement and 127.2% Fibonacci extension towards take profit at 1.25664 in line with 50% Fibonacci retracement and 78.6% Fibonacci extension . On the other hand, price may bullish towards stop loss at 1.29159 in line with 127.2% Fibonacci retracement .
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UKOILSPOT is reacting just above the pivot and may bullish from pivot at 66.37 in line with 127.2% Fibonacci retracement and 61.8% Fibonacci extension to take profit at 69.75 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension . Alternatively, prices may rally down to stop loss at 65.09 in line with 161.8% Fibonacci retracement and 78.6%...
Price is holding below the 50 MA indicating possible continuation of the bearish trend . Potential sell entry at 0.71883 in line with the 78.6% Fibonacci extension . Price is expected to ride down towards the take profit level at 0.71329 in line with -27.2% Fibonacci retracement . Our bearish bias is further supported by price holding under the Ichimoku cloud...
Price may retrace from 1st resistance at 110.537 at 78.6% Fibonacci retracement and 61.8% Fibonacci extension to take profit at 109.113 in line with 61.8% Fibonacci extension . Otherwise price may rise to stop loss at 111.255 in line with 127.2% Fibonacci retracement and 100% Fibonacci extension .
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Price is holding below the descending trendline Potential sell entry at 1.37222 in line with the 78.6% Fibonacci extension . Price is expected to ride down towards the take profit level at 1.3657 in line with 100% Fibonacci extension . Our bearish bias is further supported by price holding under the Ichimoku cloud and 50 period MA.
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Price is approaching our pivot level at 1,796.49 which is in line with -27.2% Fibonacci retracement level and 78.6% Fibonacci extension level and horizontal overlap resistance. Price could potentially drop towards support at 1,761.94, in line with 23.6% Fibonacci retracement level , 61.8% Fibonacci extension level and 50MA. Stochastic is also at resistance level...
Price is approaching our pivot level at 1.16532 which is in line with -27.2% Fibonacci retracement level and 78.6% Fibonacci extension level. Price can potentially bounce to resistance at 1.17120, which is in line with 38.2% Fibonacci retracement level and 61.8% Fibonacci extension level. Stochastic is also at support level where previous bounces occurred....
The left daily chart shows the NZDUSD pair in the weak area, with the Bollingers starting to expand. This, after the RBNZ kept rates steady at 0.25% (market forecast was for a hike of 25bps). The right hourly chart shows the EMA in bearish formation, with the faster green below the slower orange. Moreover, there is angle and separation which denotes momentum. The...
NZDCHF reacting above from pivot at 0.63212 in line with 127.2% Fibonacci extension . Price may rise to take profit at 0.64109 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension . Alternatively, price may rally to stop loss at 0.62801 in line with horizontal swing low. Stocastic is also reacting above support where price rise in the past.
Any...
