Salzworth

Salzworth

On the H4 time frame, prices are facing bearish pressure from its resistance zone at 1.2280 in line with the 78.6% Fibonacci retracement and a pullback to this zone presents an opportunity to play a further drop to the next support target at 1.2030. This support target lines up with the 50% Fibonacci retracement. Stochastic is facing bearish pressure from its...

Salzworth

On the H1 time frame, a break below the support zone at 1.28300 presents an opportunity to play the drop. Prices are holding below the descending channel as well, in line with the bearish order flow. We could see prices push lower to the next support zone at 1.27700 in line with the graphical low.

Salzworth

On the H4 time frame, prices are facing bearish pressure from its resistance zone at 1.28500 in line with the 61.8% Fibonacci extension and a pullback to this zone presents an opportunity to play a further drop to the next support target at 1.26800. This support target lines up with the 78.6% Fibonacci retracement and 100% Fibonacci extension. Ichimoku cloud is...

Salzworth

On the H4 time frame, prices are testing the support zone at 1.0100 in line with the 100% Fibonacci extension and 50% Fibonacci retracement where we could see further upside above this level to the resistance zone at 1.04000. This resistance zone lines up with the graphical resistance turned support level, 50% Fibonacci retracement and 100% Fibonacci extension. A...

Salzworth

On the M30 time frame, prices are approaching the support zone at 1.18700, in line with the 61.8% Fibonacci retracement, graphical support and 61.8% Fibonacci extension. We could see a bounce above this demand zone to our next resistance target at 1.19300 which coincides with the 50% Fibonacci retracement. A break above this level would provide the bullish...

Salzworth

On the H4 time frame, prices are showing bearish order flow with lower lows and lower highs being formed. On the H1 time frame, a pullback to the resistance zone at 107.00, in line with the descending trend line, 78.6% Fibonacci retracement, graphical resistance level and 100% Fibonacci extension level presents an opportunity to play the drop. Our next support...

Salzworth

On the monthly and weekly time frame, prices tested and reversed off a key resistance zone at 1.3080 with bearish order flow seen on the H4 time frame, as price broke the recent market low at 1.2920. On the H4 time frame, a pullback to the resistance zone at 1.300, in line with the graphical resistance level, 61.8% Fibonacci retracement and 61.8% Fibonacci...

Salzworth

On the weekly time frame, prices are holding below a key area at 127.80 where we could see further downside below this area. On the H4 time frame, we are seeing a shift in order flow with the break of the recent low at 112.50. A pullback to the resistance area at 114.80, in line with the 61.8% Fibonacci retracement and 100% Fibonacci extension presents an...

Salzworth

On the monthly time frame, prices are testing a demand zone and holding above its ascending trend line where we could see a further upside. On the H2 time frame, prices bounced off a key support area at 1807.80, in line with the 78.6% Fibonacci retracement and 61.8% Fibonacci extension. A break above our upside confirmation level at 1832.50, which is also a key...

Salzworth

On the daily time frame, prices are holding below a key resistance level at 168.50 where we could see a reversal below this level. On the M30 time frame, prices are showing bearish order flow with the recent break of the swing low. A pullback to test the supply zone at 167.80, in line with the 61.8% Fibonacci retracement and 61.8% Fibonacci extension could present...

Salzworth

On the daily time frame, prices broke above a key resistance area signalling bullish order flow, with bullish divergence seen on the RSI. On the H2 time frame, a throwback to the support area at 1.2480, which coincides with the graphical support area, ascending trend line, 38.2% Fibonacci retracement, 1.272% and 78.6% Fibonacci extension presents an opportunity to...

Salzworth

On the monthly time frame, prices are testing a key resistance level at 136.80 where we could see further downside below this level. On the H4 time frame, prices are currently testing a key resistance zone in line with the 76.4% Fibonacci retracement, descending trend line and 78.6% Fibonacci extension. A break below the M15 demand zone at 136.00, would provide...

Salzworth

On the weekly time frame, prices are testing a key support level at 1842, where we could see further upside. On the H2 time frame, prices broke above the descending trend line, suggesting a shift from a bearish to bullish order flow. A throwback to its support area at 1824.80, in line with the 78.6% Fibonacci retracement and 61.8% Fibonacci retracement presents an...

Salzworth

On the Monthly time frame, prices are currently testing a key resistance area and the failure to break and close above the monthly resistance suggest a possible reversal. On the H4 time frame, a pullback to the resistance zone at 136.882, in line with the 1.272% Fibonacci extension and and 78.6% Fibonacci retracement presents an opportunity to play the drop....

Salzworth

On the M30 time frame, prices are holding above the ascending trend line and a pullback to the support area at 1872.15, in line with the 78.6% fibonacci retracement and 61.8% fibonacci extension presents an opportunity to play a short term bounce up to the next resistance target at 1897.44. Stochastic is approaching support as well, in line with our bullish bias.

Salzworth

On the higher time frame, prices are testing key resistance and we could be seeing limited upside here. On the H1 time frame, a pullback to test the support area at 0.7420, in line with the 100% Fibonacci extension, 38.2% Fibonacci retracement provides an opportunity to play the bounce to our resistance target at 0.74800. This resistance target lines up with the...

Salzworth

On the H4 time frame, prices are testing resistance at 1.2650, in line with the descending trend line and 50% Fibonacci retracement where we could see further downside below this level to our support target at 1.2530. This support target coincides with our Fibonacci confluence levels which include the 50% Fibonacci retracement and 100% Fibonacci extension....

Salzworth

On the H1 time frame, prices are testing support at 1917.26, in line with the 50% Fibonacci retracement, 78.6% Fibonacci extension where we could see further upside in prices, with 1942.47 as our resistance target, in line with the 78.6% Fibonacci retracement. Stochastic is approaching support as well where we could see further upside above this level.