EURUSD is testing our first resistance (horizontal pullback resistance) at 1.1719 and a strong reaction might occur below this level pushing price down to our major support at 1.1556 (horizontal swing low support).
RSI is also approaching our resistance and a reaction off this level might be a good precursor for a potential drop in price.
Trading CFDs on margin...
XAUUSD is approaching our first resistance at 1301.3 (horizontal pullback resistance, 38.2% Fibonacci retracement) which coincides with our short-term descending resistance line. A strong reaction might occur below this level, pushing price down to our major support at 1283.99 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish pressure...
GBPJPY dropped perfectly from our resistance and has reacted off our first resistance at 148.43 (horizontal overlap resistance) and a strong reaction might occur causing price to drop to our major support at 147.14 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
RSI (89) is also seeing a...
CHFJPY broke out of our short term ascending support-turned-resistance line and is approaching our first support at 111.21 (horizontal overlap support, 23.6% Fibonacci retracement). A breakout below this level might trigger a strong reaction and push price down to our major support at 110.76 (horizontal swing low support, 38.2% Fibonacci retracement). Ichimoku...
CADCHF is approaching our first support at 0.7716 (horizontal swing low support, 23.6% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 0.7818 (horizontal swing high resistance, 76.4% Fibonacci retracement).
Stochastic is also approaching our major support and a bounce off this level might be a...
AUDUSD is approaching our first support at 0.7542 (horizontal pullback support, short term ascending support line, 61.8% Fibonacci retracement) where a strong bounce might occur above the level pushing price up to our major resistance at 0.7599 (horizontal swing high resistance, 100% Fibonacci extension, 50% Fibonacci retracement).
Stochastic (21,5,3) is also...
BTCUSD is approaching our first resistance at 8375 (horizontal overlap resistance) and a strong reaction might occur pushing price down to our major support at 7944 (horizontal swing low support).
RSI is also seeing a bearish exit in line with our bearish bias.
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Losses can exceed the initial investment so please ensure...
EURGBP reacted off our first resistance at 0.8782 (horizontal swing high resistance, 61.8% Fibonacci retracement) and price might potentially fall to our major support at 0.8713 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension).
RSI (34) is also approaching our resistance and a reaction off this level might be a good precursor...
XAUUSD is approaching our first support at 1286.39 (horizontal swing low support, 61.8% Fibonacci retracement). A strong bounce might occur above this level pushing price up to our major resistance at 1301.80 (horizontal swing high resistance, 61.8 % Fibonacci extension).
Stochastic is also approaching support and seeing a bullish divergence in line with our...
AUDCAD is approaching our first support at 0.9665 (horizontal overlap support) and a strong bounce might occur above this level pushing price up to our major resistance at 0.9740 (horizontal overlap resistance, 61.8% Fibonacci retracement). A breakout above our intermediate resistance at 0.9709 (horizontal overlap resistance, 23.6% Fibonacci retracement) might...
CADJPY is testing major resistance at 86.26 (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance, pullback to descending resistance) and a strong reaction could occur at this level to push prices all the way down to major support at 85.86 (Fibonacci retracement, horizontal overlap support).
RSI (55) sees descending resistance line provide...
CADCHF is testing major support at 0.7716 (Fibonacci retracement, horizontal overlap support, bullish price action, bullish divergence) and a strong bounce could occur at this level to push prices all the way up to major resistance at 0.7851 (Fibonacci extension, horizontal swing high resistance).
Stochastic (55,5,3) is seeing major support above 6.4% where a...
AUDCAD is fast approaching major resistance at 0.9705 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push prices all the way down to major support at 0.9644 (Fibonacci retracement, horizontal pullback support).
Stochastic (89,5,3) is seeing major resistance at 91% where a corresponding...
GBPJPY is testing major resistance at 149.86 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push prices all the way down to major support at 147.14 (Fibonacci extension, horizontal swing low support).
Stochastic (55,5,3) is seeing major resistance below 94% where a corresponding...
NZDCHF is seeing major support at 0.6858 (Fibonacci extension, bullish harmonic formation, horizontal swing low support) and a strong bounce could occur at this level to push prices up to major resistance at 0.6929 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance).
Stochastic (55,5,3) is seeing major support above 2.7% where a...
USDJPY is testing major resistance at 110.95 (Fibonacci retracement, Fibonacci extension, Elliott wave structure, bearish harmonic formation) and a strong drop could occur from here to push price all the way down to major support at 108.89 (Fibonacci retracement, horizontal swing low support). We do have to be wary of intermediate support at 110.00.
Stochastic...
AUDJPY is testing major resistance at 83.36 ( Fibonacci retracement , Fibonacci extension , horizontal overlap resistance, descending resistance, bearish divergence) and a strong drop could occur from here pushing price down to major support at 82.25 ( Fibonacci extension , horizontal swing low support).
Stochastic (55,5,3) is seeing major resistance below 96%...
XAUUSD is seeing major support above 1285 ( Fibonacci retracement , fibonacci extension , bullish divergence ) and a strong bounce could occur at this level to push prices all teh way up to major resistance at 1302 ( Fibonacci retracement , fiubonacci extension, horizontal pullback resistance).
Stochastic (55,5,3) also sees major support above 2.7% where a...
