Technical Analysis:
As you can see, USOIL value has increased since the end of 2020 and it has reached 65$. The commodities price action shows Bearish Divergence with MACD.
USOIL retraces to Fibonacci 38% and Fibonacci Golden Zone and if they support, then bounces from them, hence the price moves toward the levels of 65.83$ and 76.00$ and ultimately the higher...
GBPJPY is falling towards a pullback support; price could hit the buy entry at 179.773 and potentially reverse to bounce higher.
Take profit is at 182.122 which is an overlap resistance.
Stop loss is at 177.877 which is a 38.2% Fibonacci retracement level.
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USDCAD is approaching a swing-low support; price could hit the buy entry at 1.30992 and potentially reverse to bounce higher.
Take profit is at 1.32233 which is a multi-swing-high resistance that aligns under the 50.0% Fibonacci retracement level.
Stop loss is at 1.30573 which is a support area that aligns with a confluence of 2 Fibonacci projection levels at...
EURGBP is rising towards a key overlap resistance that aligns with the 38.2% Fibonacci retracement level.
Price could hit the sell entry at 0.86486 and potentially reverse from this level to drop lower. Take profit is at 0.85102 which is a recent swing-low support.
Stop loss is at 0.87286 which is an overlap resistance that aligns with the 61.8% Fibonacci...
AUDJPY is approaching a key pullback support that aligns above a confluence of Fibonacci levels i.e. the 61.8% Fibonacci retracement and projection levels. Price could hit the buy entry at 93.361 and potentially reverse to bounce higher.
Take profit is at 95.253 which is an overlap resistance that aligns under the 61.8% Fibonacci retracement level.
Stop loss is...
USDCAD is rising towards a key resistance that aligns with the 50.0% Fibonacci retracement level. Price could hit the sell entry at 1.32430 and potentially reverse from this level to drop lower. Take profit is at 1.30992 which is a recent swing-low support. Stop loss is at 1.33031 which is a pullback resistance that aligns above the 61.8% Fibonacci projection...
AUDUSD is approaching a key pullback support that aligns above the 38.2% Fibonacci retracement level. Price could hit the buy entry at 0.68045 and potentially reverse to bounce higher.
Take profit is at 0.68927 which is an overlap resistance.
Stop loss is at 0.67204 which is a pullback support that aligns above the 61.8% Fibonacci retracement level.
Please be...
AUDUSD is approaching a key pullback support that aligns above the 38.2% Fibonacci retracement level. Price could hit the buy entry at 0.68045 and potentially reverse to bounce higher.
Take profit is at 0.68927 which is an overlap resistance.
Stop loss is at 0.67204 which is a pullback support that aligns above the 61.8% Fibonacci retracement level.
Please be...
USDCAD is rising towards a key resistance that aligns with the 50.0% Fibonacci retracement level. Price could hit the sell entry at 1.32430 and potentially reverse from this level to drop lower. Take profit is at 1.30992 which is a recent swing-low support. Stop loss is at 1.33031 which is a pullback resistance that aligns above the 61.8% Fibonacci projection...
AUDUSD is rising towards a key resistance. Price could hit the sell entry at 0.68858, which is a swing-high resistance, and potentially reverse from this level to drop lower. Take profit is at 0.67964 which is a pullback support. Stop loss is at 0.69360 which is a pullback resistance that aligns close to the 78.6% Fibonacci projection level.
Please be advised...
The Kiwi (NZDUSD) is rising towards a key overlap resistance. Price could hit the sell entry at 0.63790, which is an overlap resistance that aligns close to the 127.2% Fibonacci extension level, and potentially reverse from this level to drop lower. Take profit is at 0.62964 which is a pullback support. Stop loss is at 0.64327 which is a pullback resistance that...
AUDUSD is rising towards a key overlap resistance. Price could hit the sell entry at 0.68816, which is a swing-high resistance, and potentially reverse from this level to drop lower. Take profit is at 0.67939 which is a pullback support. Stop loss is at 0.69360 which is a pullback resistance that aligns close to the 78.6% Fibonacci projection level.
Please be...
Here's a Free Technical Analysis on the USDCAD!
Price Action Analysis
On the Daily Timerame, U.S. Dollar / Canadian Dollar has moved above the EMA200, indicating a bullish trend. Simultaneously, The chart forms a symmetrical triangle pattern, usually a sign of trend continuation. The MACD Indicator/Histogram turns positive, signaling a possible bullish bias...
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Euro to USD is in a falling/descending wedge and has been for years against the dollar. In October of 2020 Euro had a failed breakout and came back down into the wedge. The apex of the wedge is nearing and I believe the EURO will break out of this wedge with a measured move of 1.48...
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Euro to USD is in a descending wedge and has been for years against the dollar. In October of 2020 Euro had a failed breakout and came back down into the wedge. The apex of the wedge is nearing and I believe the EURO will break out of this wedge with a measured move of 1.48 and...
🟡 Hey, everyone. Hope you are doing well. Let's see what happens to EURUSD. So the price touched 1.0632 1.065 zone after the correction and reacted positively, this area was a strong supply range and now, despite organizational support, it can become a demanding range (conversion levels), the next important levels are also marked on the chart. This analysis...
