MEX_Exchange

MEX_Exchange

Buy above 0.8694. Stop loss at 0.8661. Take profit at 0.8782. Reason for the trading strategy (technically): EURGBP broke out of its descending resistance-turned-support line where we look to buy on weakness at 0.8694 (multiple swing low support). We expect prices to push up all the way to its resistance at 0.8782 (38.2% Fibonacci retracement, horizontal swing...

MEX_Exchange

Sell below 6938. Stop loss at 7189. Take profit at 6426. We see price testing its support turned resistance at 6938 (50% Fibonacci retracement, horizontal overlap resistance) where we expect to see it drop to its support at 6426 (61.8% Fibonacci extension, horizontal swing low support). We do have to be cautious of the intermediate support at 6523 (61.8% Fibonacci...

MEX_Exchange

Buy above 1.5879. Stop loss at 1.5839. Take profit at 1.5976. Reason for the trading strategy (technically): EURAUD is approaching its support area at 1.5879 (61.8% Fibonacci extension, 100% Fibonacci extension, horizontal swing low support) where we expect to see a bounce, pushing price up all the way to its resistance at 1.5976 (50% Fibonacci retracement,...

MEX_Exchange

Sell below 6907. Stop loss at 7196. Take profit at 6426. Reason for the trading strategy (technically): We see price testing its support turned resistance at 6907 (50% Fibonacci retracement, horizontal overlap resistance) where we expect to see it drop to its support at 6426 (61.8% Fibonacci extension, horizontal swing low support). We do have to be cautious of...

MEX_Exchange

Buy above 1.2561. Stop loss at 1.2458. Take profit at 1.2726. Reason for the trading strategy (technically): USDCAD is approaching its support area at 1.2561 (100% Fibonacci extension, 61.8% Fibonacci retracement, 78.6% Fibonacci extension, horizontal overlap support) where we expect to see a bounce, pushing price up to its resistance at 1.2726 (100% Fibonacci...

MEX_Exchange

Sell Below 85.25. Stop loss at 86.06. Take profit at 83.51. Reason for the trading strategy (technically): CADJPY is approaching its major resistance at 85.25 (100% Fibonacci extension, 61.8% Fibonacci extension, 61.8% Fibonacci retracement, 50% Fibonacci retracement, horizontal swing high resistance) where we expect to see a reversal, causing price to push down...

MEX_Exchange

USDCHF broke out of its ascending support-turned-resistance line and is testing its resistance at 0.9578 (38.2% Fibonacci retracement, 23.6% Fibonacci retracement) where we expect to see price push all the way down to its support at 0.9525 (horizontal swing low support). We do have to be cautious of the intermediate support at 0.9553 (76.4% Fibonacci retracement)....

MEX_Exchange

NZDUSD is testing its resistance at 0.7322 (100% Fibonacci extension, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where we expect to see a reversal, pushing price down to its support at 0.7247 (100% Fibonacci extension, 61.8% Fibonacci extension, 61.8% Fibonacci retracement x2, 50% Fibonacci retracement, horizontal overlap support). We do have to be...

MEX_Exchange

Price broke out of its descending resistance-turned-support line where we see it rising to its resistance at 7499 (horizontal swing high resistance). We do have to be cautious of the intermediate resistance identified at 7182 (61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) approaching its support at 3.2% before making a bounce up.

MEX_Exchange

USDJPY tested its major support at 106.64 (61.8% Fibonacci extension, 50% Fibonacci retracement, 61.8% Fibonacci retracement, horizontal overlap support, ascending support line) where we expect to see price pushing up all the way to its resistance at 107.50 (horizontal swing high resistance). We do have to be cautious of its intermediate resistance identified at...

MEX_Exchange

CADJPY is approaching its support at 83.468 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where we expect to see a bounce, pushing price all the way up to its resistance at 84.764 (38.2% Fibonacci retracement). We do have to be cautious of the intermediate resistance at 84.277 (100% Fibonacci extension, horizontal swing high...

MEX_Exchange

Price bounced off its support at 81.975 (50% Fibonacci retracement, 38.2% Fibonacci retracement) where we expect to see a further rise to its next resistance at 82.590 (50% Fibonacci retracement, multiple swing high resistance). Stochastic (34, 5, 3) made a corresponding bounce off its support at 5.7% where it still has a lot of upside potential.

MEX_Exchange

Price bounced nicely off its major support at 1.2735 (61.8% Fibonacci extension, 61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where we see it rising to its resistance at 1.2938 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance). We do have to be cautious of the intermediate resistance at...

MEX_Exchange

Price broke out of its descending resistance-turned-support line where we see it rising to its resistance at 7708 (50% Fibonacci retracement, 23.6% Fibonacci retracement, horizontal overlap resistance). We do have to be cautious of the intermediate resistance identified at 7479 (38.2% Fibonacci retracement, horizontal overlap resistance). RSI (89) shows a...

MEX_Exchange

Price is approaching our major resistance at 107.43 (horizontal overlap resistance, 100% Fibonacci extension) and we prepare to buy if price breaks out above this level. A strong rally might occur, pushing price up to our major resistance at 109.21 (100% Fibonacci extension, 50% Fibonacci retracement, triple bottom exit potential). A breakout of our intermediate...

MEX_Exchange

Price is approaching our major support at 0.7653 (horizontal overlap support, 76.4% Fibonacci retracement, 100% Fibonacci extension). A strong bounce might occur at this level, pushing price up to our major resistance at 0.7843 (76.4% Fibonacci retracement, horizontal overlap resistance, 100% Fibonacci extension). Stochastic (89,5,3) is also approaching our...

MEX_Exchange

Price is approaching our major support at 1.3990 (horizontal overlap support, 50%, 76.4% Fibonacci retracement, 61.8% Fibonacci extension). A strong bounce might occur above this level, pushing price up to our major resistance at 1.4199 (horizontal swing high resistance, 78.6% Fibonacci retracement). A breakout of our intermediate resistance at 1.4092 (horizontal...

MEX_Exchange

EURUSD is approaching its support at 1.2169 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, 38.2% Fibonacci retracement, horizontal swing low support) where we expect to see a bounce, pushing price up all the way to its resistance at 1.2446 (100% Fibonacci extension, 76.4% Fibonacci retracement, multiple swingh high resistance). We have also identified...