On the M30 time frame, prices are approaching the resistance zone at 1.2400 where we could see a reversal below this level. The 1.2400 resistance zone coincides with the graphical resistance zone and 78.6% Fibonacci retracement and descending channel’s resistance. Stochastic is approaching its resistance at 89.84 as well, where we could see a reversal in prices.
On the M30 time frame, prices are holding in a descending channel and approaching the resistance zone at 1.0880, in line with the 61.8% Fibonacci retracement. A pullback to this zone presents an opportunity to play the drop to the support zone at 1.0800, in line with the graphical low. Prices are facing bearish pressure from the Ichimoku cloud as well, supporting...
On the H1 time frame, prices are approaching the resistance zone at 1942.50, in line with the graphical resistance zone, 78.6% Fibonacci retracement and Fibonacci extension. We could see a reversal below this zone to the support zone at 1913.00, which coincides with the graphical support and 61.8% Fibonacci retracement. Prices are holding below the ichimoku cloud...
On the H4 timeframe, prices are ranging between 1.3450 and 1.3350. A pullback to 1.3450 could see prices break below the support zone at 1.3350 to the next one at 1.3320, in line with the 78.6% Fibonacci retracement. Prices are lying below the Ichimoku Cloud as well, supporting our bearish bias.
On the M30 time frame, prices are approaching the resistance zone at 0.6500 where we could see a reversal below this level. The 0.6500 resistance zone coincides with the graphical support-turned-resistance zone and 61.8% Fibonacci retracement. Stochastic is facing bearish pressure from its resistance at 95.25 as well, where we could see a reversal in prices.
On the H1 time frame, prices are approaching the support zone at 128.80, in line with the Fibonacci confluence levels and a throwback to this zone could present an opportunity to play the bounce to the resistance zone at 130.50. Stochastic is approaching support at 3.90 supporting the bullish bias. A change in market structure on the lower time frames, following...
On the H1 time frame, prices are testing the resistance zone at 1.0920, in line with the 78.6% Fibonacci extension where we could see a reversal below this level to the support zone at 1.0860. Stochastic is testing resistance at 98.05 as well, supporting the bearish bias.
On the H4 time frame, prices are testing the resistance zone at 1.2450. A break below the downside confirmation level at 1.2250, which is also the support zone that coincides with the Fibonacci confluence levels could provide the bearish acceleration to the 1.2100 demand area. Stochastic is facing bearish pressure from its resistance as well where we could see a...
On the H1 time frame, a pullback to the supply zone at 0.6980, in line with the graphical resistance zone and Fibonacci confluence levels could see a further downside below this zone to the support zone at 0.6840. This 0.6840 support zone coincides with the ascending trend line and Fibonacci confluence levels. Prices are holding below the Ichimoku cloud,...
On the H4 time frame, prices are showing bearish market structure with lower lows and lower highs being formed. A pullback to the resistance zone at 142.20, in line with the graphical resistance zone and Fibonacci confluence levels could present an opportunity to play the drop to the support zone at 137.50. Prices are holding below a descending channel as well and...
On the M30 time frame, prices are approaching the support zone at 1909.50, in line with the 61.8% Fibonacci retracement and extension levels, where a throwback to this zone could present an opportunity to play the bounce. Prices are holding above the Ichimoku cloud, supporting the bullish bias.
On the M30 time frame, prices are approaching the supply zone at 0.6990, in line with the graphical resistance zone and Fibonacci confluence levels where we could see a further downside below this zone to the support zone at 0.6940. Stochastic is facing bearish pressure from its resistance at 88.57 as well, supporting the bearish bias.
On the H1 time frame, a pullback to the resistance zone at 1.0850, in line with the graphical resistance zone and Fibonacci confluence levels could present an opportunity to play the drop to the support zone at 1.0770. Prices are holding below the 20EMA, supporting the bearish bias.
On the H1 time frame, prices are testing a key resistance zone at 1.3450. The current squeeze in Bollinger bands could be followed by higher volatility. A break of the 1.3450 level would be an upside confirmation, which presents an opportunity to play the breakout to the next resistance zone that coincides with the 61.8% Fibonacci retracement at 1.3550.
On the H4 time frame, prices are approaching the support zone at 0.9250, in line with the 50% Fibonacci retracement level, where a throwback to this zone could present an opportunity to play the bounce. Stochastic is approaching support at 8.23 and showing a bullish divergence.
On the M30 time frame, prices are testing the supply zone at 1880.00, in line with the graphical resistance zone and 50% Fibonacci retracement where we could see a further downside below this zone to the support zone at 1868.00. Stochastic is facing bearish pressure from its resistance at 97.63 as well, supporting the bearish bias.
On the M30 time frame, prices are showing bearish order flow with lower highs and lower lows being formed. A pullback to the resistance zone at 1.2180 in line with the graphical resistance zone and 78.6% Fibonacci retracement could present an opportunity to play the drop to the support zone at 1.2100. Stochastic is approaching resistance where we could see further...
On the M30 time frame, prices are showing bearish order flow with lower highs and lower lows being formed. A pullback to the resistance zone at 0.6910, in line with the graphical resistance zone and 38.2% Fibonacci retracement could present an opportunity to play the drop to the support zone at 0.6850. Stochastic is testing resistance and seeing a bearish...