Price is approaching our first support in line with our horizontal swing low support and fibonacci confluence levels where we could see a bounce above this level.
Price is facing bearish pressure from 1st resistance where the 61.8% and 38% fib retracement are. Price could likely reverse from here towards 1st support. Stochastics also shows bearish pressure.
Price is facing bullish pressure from our first support, in line with our 23.6% fibonacci retracement and horizontal overlap support where we could see a further bounce up to test our first resistance target. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
EURUSD could pullback to 38% fib retracement and drop from there~
Price is approaching our first support in line with our horizontal overlap support, 61.8% & 161.8% fibonacci retracement where we could see a further bounce above this level.
AUDJPY dropped nicely and is likely to bounce from 1st support, where the graphical overlap, 61.8% fib retracement, 127% fib extension are. Potential target could be at graphical swing high is. Stochastics also shows a bullish momentum is building.
Price is testing support where we could see a bounce above this level to our first resistance target. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
XAUUSD is seeing a further bounce from key support !
Price is approaching our first support at 0.72251, in line with 61.8% Fibonacci extension, 61.8% Fibonacci retracement and horizontal swing low support, where we could see a further bounce above this level to our first resistance at 0.72678, in line with our 100% Fibonacci extension, 50% Fibonacci retracement and horizontal swing high resistance. Price continues...
XAUUSD dropped nicely and is likely to bounce from 1st support, where the graphical overlap, 61.8% fib retracement, 100% fib extension are. Potential target could be at graphical swing high is. Stochastics also shows a bullish momentum is building.
Price is approaching our first support at 0.77689, in line with 61.8% Fibonacci retracement, 100% Fibonacci extension and horizontal swing low support, where we could see a further bounce above this level to our first resistance at 0.78198, in line with our 50% Fibonacci extension and horizontal swing high resistance. Ichimoku cloud is showing signs of bullish...
XAUUSD is retreating from recent top and is likely to reverse further 1st resistance, where the graphical swing high is. Potential target could be at where the 100% fib extension and 61.8% fib retracement are. MACD shows a bearish momentum is building.
Price is facing bullish pressure from our first support in line with our ascending trend line, 61.8% fibonacci retracement and 78.6% fibonacci extension where we could see a further bounce above this level to our first resistance target. Ichimoku cloud is showing signs of bullish pressure as well in line with our bullish bias.
AUDJPY is retreating from recent top and is likely to drop below 1st resistance, where the 50% and 76% fib retracement are. Potential target could be at where the 78% fib extension is. RSI is also showing a descending trend in price.
Price is testing the descending trendline resistance and could reverse from our first resistance, in line with our horizontal swing high resistance, 78.6% Fibonacci retracement and 38.2% Fibonacci extension, towards our first support, in line with our 78.6% Fibonacci extension and horizontal swing low support. Price continues to trend below the Ichimoku cloud as...
Price is facing bullish pressure from our first support in line with our ascending trendline, horizontal overlap support, 23.6% fibonacci retracement and 61.8% fibonacci extension where we could see a bounce above this level to our first resistance target. 50 EMA and Ichimoku cloud are showing signs of bullish pressure as well, in line with our bullish bias.
AUDJPY is retreating from recent top and is likely to retest the EMA(34) and trendline support. A bounce could occur above our 1st support towards 1st resistance.
EURCHF is holding below descending trendline resistance and 1st resistance at 1.08464. A further push down towards recent swing low and 1st support at 1.08225 can be expected. It is worth noting that price is also holding below EMA (34), showing bearish pressure in line with our analysis. Trading CFDs on margin carries high risk. Losses can exceed the initial...