Market analysis from FXCM
Price is currently bearish, and we could possibly see a bounce from our buy entry at 15676.2, which is a pullback support level, aligning with the 61.8% fibo retracement. Our stop loss is at 15563.3, which is a swing low support level, and slightly beyond the 78.6% fibo projection. Take profit is at 15838.1, which is a multi-swing high resistance level. High...
USOIL (WTI) is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 85.930 which is an overlap support. Stop loss is at 84.564 which is a pullback support that aligns under the 23.6% Fibonacci retracement level. Take profit is at 88.065 which is a recent swing-high resistance. High Risk Investment...
AUDUSD is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.64695 which is an overlap resistance that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 0.65372 which is a level that sits above the multiple swing-high resistance. Take profit is at 0.63574 which is a pullback...
USDCAD could rise towards an overlap resistance and potentially reverse off this level to drop lower. Sell entry is at 1.36126 which is an overlap resistance. Stop loss is at 1.3710 which is a level that sits above the 61.8% Fibonacci projection level and the recent swing-high resistance. Take profit is between 1.3507 and 1.34841 which is an overlap level. ...
Price is approaching our sell entry at 15840.8, which is an overlap resistance level and aligning with the 61.8% fibo retracement level. Our stop loss is at 15956.1, which is a swing high resistance level and at the 78.6% fibo retracement. Take profit is at the multi swing low support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a...
Price is approaching our sell entry at 34690.7, which is an overlap resistance level and aligning with the 61.8% fibo retracement. Our stop loss is at 34905.5, which is a multi-swing high resistance level. Take profit is at 34289.1, which is an overlap support level and aligning with the 78.6% fibo retracement. High Risk Investment Warning Trading Forex/CFDs...
Kiwi (NZDUSD) is close to a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.59395 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 0.60009 which is a multiple swing-high resistance that sits above the 78.6% Fibonacci retracement level. Take profit is between...
Price could potentially fall to our buy entry at 1.0667, which is a swing low support level, slightly above the -61.8% fibo expansion and 161.8% fibo extension. Our stop loss is at 1.0629, which is another swing low support level. Take profit is at 1.0715, which is an overlap resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a...
Price is approaching our sell entry at 184.46, which is a pullback resistance level, which aligns with the 50% fibo retracement and 61.8% fibo projection. Our stop loss is at 185.12, which is another pullback resistance, and at the 78.6% fibo retracement. Take profit is at 183.43, which is a multi-swing low support level. Price is approaching our sell entry at...
Price is approaching our sell entry at 0.8736, which is an overlap resistance, aligning with the 38.2% fibo retracement and 78.6% fibo projection. Our stop loss is at 0.8786, which is a swing high resistance, slightly below the highs of the double top. Take profit is at 0.8685, which is a multi-swing low support level. High Risk Investment Warning Trading...
Price could retrace back to the 50% fibo retracement and at the overlap support level, which is right around our buy entry at 157.83. Our stop loss is at 157.24, which is a multi-swing low support level. Take profit is at 158.42, which is a multi-swing high resistance level, aligning with the 50% retracement and 78.6% fibo projection. High Risk Investment...
Follow FXCM Senior Market Specialist Nikos Tzabouras as he discusses the pair’s outlook, which is at pivotal tech levels, ahead of crucial policy decisions by the ECB and the Fed
Price is reversing now, and could potentially head towards our sell entry at 0.5943, which is an overlap resistance level, aligning with the 50% fibo retracement and 61.8% fibo projection. Our stop loss is at 0.6001, which is a multi-swing high resistance level. Take profit is at 0.5871, which is a multi-swing low support level. High Risk Investment Warning...
Price is reacting off our buy entry at 34532.1, which is an overlap support level, and at the 50% fibo retracement. Our stop loss is at 34225.2, which is a pullback support level and slightly below the 78.6% fibo retracement. Take profit is at 34867.1, which is a swing high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a...
AUDUSD is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.64383 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 0.64862 which is a resistance level that aligns with the 78.6% Fibonacci retracement level and sits above the high on 4th...
USDCAD is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 1.36034 which is a pullback support that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 1.34850 which is a level that aligns under an overlap support level and a recent swing-low. Take profit is at 1.37331 which is a...
NZDJPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 86.184 which is a pullback support that aligns with a confluence of Fibonacci levels i.e. the -27.2% expansion and the 100.0% projection levels. Stop loss is at 85.500 which is a level that sits under the 78.6% Fibonacci retracement level and...
EURNZD is rising towards a swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.83561 which is a swing-high resistance. Stop loss is at 1.84800 which is a level that sits above the 127.2% Fibonacci extension level and the swing-high resistance on 21st August. Take profit is at 1.81010 which is a swing-low support...