FXCM

FXCM

The US30, FXCM’s DJI CFD, is in the bullish area on the daily chart on the left. We note that the hourly has pulled back to support (green shaded area). If price bounces from here, a bullish cross of EMAs and stochastic potentially align short-term traders with the daily. If signals occur, movement of stochastic to 80 level, and maintenance of that level,...

FXCM

AUD/JPY is holding below the descending trendline and approaching the sell entry at 80.181 which is in line with our horizontal overlap resistance and 23.6% Fibonacci retracement . Price is likely to resist off this level to take support at 79.443 in line with -27.2 % Fibonacci retracement . Our bearish view is further strengthen by how price is holding below the...

FXCM

EURUSD reversing from recent highs. With price holding below our entry at 1.18751, where we have graphical overlap resistance and 38.2% Fibonacci retracement , a short term drop towards our target at 1.18306 where we have 61.8% FIbonacci retracement , ascending trendline support and graphical overlap support could be possible. Stochastics is also approaching...

FXCM

Price is consolidating under 161.8% Fibonacci Extension resistance. If the price action can close above this level, we could potentially see XAGUSD swing towards resistance at 26. 05 , in-line with 50% Fibonacci Retracement and 200% Fibonacci Extension . If the price action is not able to close above 25.66, we could potentially see the price drop to support at...

FXCM

Price is at strong support area , in-line with 78.6% Fibonacci Extension and ascending trendline support where we could potentially see it bounce to 0.74298, in-line with 50% Fibonacci Retracement and 100% Fibonacci Extension . If price drop from pivot ,it would potentially swing towards support at 0.73116, in-line with 78.6% Fibonacci Retracement and 127.2%...

FXCM

Price IS approaching pivot in line with the horizontal swing low support and the 61.8 % Fibonacci extension level. Should price break this level, we can expect price to plunge further to take support at the 100% Fibonacci extension and the 161.8% Fibonacci retracement . Our bearish bias is further supported by how price is holding below the EMA . Any opinions,...