Market analysis from FXCM
GBPUSD is falling towards the buy entry at 1.26703 which is an overlap support and could potentially reverse from this level to bounce higher. Stop loss is at 1.25865 which lies below a swing-low support. Take profit is at 1.27794 which is an overlap resistance that sits under the 50.0% Fibonacci retracement level. Please be advised that the information...
Price is starting to react to the 23.6% fibo retracement level, which we can find an opportunity to buy back up to the retest of the ascending trendline that has been broken. Our stop loss is at 0.8683, which is placed beyond the 50% fibo retracement level, which is also an overlap support level. Take profit is at 0.8828, which is an overlap resistance level, and...
Price is approaching our sell entry at 0.6464, which is a an overlap resistance level and at the 38.2% fibo retracement level. Our stop loss is at 0.6533, which is placed slightly beyond the 61.8% fibo retracement level and it is essentially at the pullback resistance level. Take profit is at 0.6385, which is at the multi-swing low support level. Please be...
The Kiwi is rising towards the sell entry at 0.59851 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level and could potentially reverse from here to drop lower. Stop loss is at 0.60504 which is a pullback resistance that sits above the 61.8% Fibonacci retracement level. Take profit is at 0.59082 which is a multiple sing-low...
USDJPY is falling towards the buy entry at 145.073 which is an overlap support that aligns with the 78.6% Fibonacci projection level and could potentially reverse from here to bounce higher. Stop loss is at 143.734 which is a pullback support level that sits below the 50.0% Fibonacci retracement level. Take profit is between 143.300 and 146.560 which is a...
Price is approaching our sell entry at 4401.43, which is a pullback resistance level, and at the 23.6% fibo retracement. Our stop loss is at 4449.30, which is placed slightly above the 38.2% fibo retracement and it is also a pullback resistance level. Take profit is at 4341.27, which is a multi-swing low support level. Please be advised that the information...
Price has reached our sell entry at 107.66, and this aligns with the 50% fibo retracement and 100% fibo projection, which shows that there is fibo confluence. Furthermore, we can see that our sell entry is at the neckline of the double top pattern, which confirms our bearish bias. Our stop loss is at 108.23, which is the multi-swing high resistance level. Take...
GBPCAD is falling towards the buy entry at 1.71744 which is a pullback support that aligns with the 38.2% Fibonacci retracement level and could potentially reverse from here to bounce higher. Stop loss is at 1.71243 which is an overlap support level that sits below the 50.0% Fibonacci retracement level. Take profit is at 1.72641 which is an overlap resistance...
USDCAD is falling towards the buy entry at 1.34963 which is an overlap support that aligns with the 38.2% Fibonacci retracement level and could potentially reverse from here to bounce higher. Stop loss is at 1.34593 which is a pullback support level that sits below the 50.0% Fibonacci retracement level. Take profit is at 1.35697 which is a swing-high...
Based on the H4 chart analysis, we can see that price is falling to our buy entry at 145.06 , which is a pullback support level aligning with the 61.8% Fibonacci projection. Our take profit will be at 146.55 which is a swing high resistance level. The stop loss will be placed at 144.41 which is just slightly below the 38.2% Fibonacci retracement and 78.6%...
CHFJPY is falling towards the buy entry at 165.402 which is an overlap support that aligns with the 23.6% Fibonacci retracement level and could potentially reverse from here to bounce higher. Stop loss is at 163.980 which is an overlap support that sits under the 50.0% Fibonacci retracement level. Take profit is between 166.30 and 166.70 which is an over...
GBPUSD is falling towards the buy entry at 1.26993 which is an overlap support that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here to bounce higher. Stop loss is at 1.2640 which is an support that sits under a confluence of Fibonacci levels i.e. the 78.6% retracement and the 61.8% projection levels. Take profit is at...
USOIL is trading close to the buy entry at 80.424 which is an overlap support and could potentially reverse from this level to bounce higher. Stop loss is at 78.676 which is a swing-low overlap support. Take profit is at 82.667 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level. Please be advised that the information presented...
CADJPY is falling towards the buy entry at 107.659 which is an overlap support and could potentially reverse from this level to bounce higher. Stop loss is at 106.925 which is an overlap support that sits under the 50.0% Fibonacci retracement level. Take profit is at 108.704 which is a pullback resistance. Please be advised that the information presented on...
NAS100 is rising towards the sell entry at 14995.37 which is an overlap resistance and could potentially reverse from this level to drop lower. Stop loss is at 15124.07 which is a pullback resistance that sits above the 61.8% Fibonacci retracement level. Take profit is at 14720.41 which is a swing-low support that aligns with a confluence of Fibonacci levels...
EURUSD is falling towards the buy entry at 1.08742 which is a recent swing-low and could potentially reverse from this level to bounce higher. Stop loss is at 1.08388 which is an overlap support level that aligns with the 61.8% Fibonacci projection level. Take profit is at 1.09432 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement...
Price is reacting off our sell entry at 159.15, which is right below the 61.8% fibo projection. Price is forming a head and shoulder pattern, which indicates that it could be a bearish reversal. Our stop loss is at 159.94, placed slightly above the 127.2% fibo extension level. Take profit is at the pullback support level at 157.96. Please be advised that the...
Price is approaching our sell entry at 0.8821, which aligns with the 61.8% fibo projection, as well as it being a overlap resistance level. Our stop loss is at the 61.8% fibo retracement, and it is also a pullback resistance level. Take profit will be at 0.8712, which is a multi-swing low support level. Please be advised that the information presented on...