FXCM

02:59

FXCM Broker

The SPX500 has moved into an area where there is overhead resistance. If the short-term momentum holds with the stochastic remaining in its upper quartile, the index should overcome the resistance. However, a swift turnaround in the stochastic will see the overhead resistance holding out. This video is intended for the users of Stratos Markets Limited, Stratos...

FXCM Broker

The S&P 500 (SPX500) could rise towards a pullback resistance and potentially reverse off this level to drop lower. Sell entry is at 5,205.39 which is a pullback resistance that aligns with the 78.6% Fibonacci retracement level. Stop loss is at 5,250.00 which is a level that sits above the 127.2% a pullback resistance. Take profit is at 5,119.65 which is a...

FXCM Broker

The Reserve Bank of Australia raised its 2024 inflation forecast on Tuesday and appeared more concerned around achieving its 2-3% target. Despite considering the case for a hike, policymakers decided to hold rates at 4.35% for fourth straight meeting. The Aussie reacted lower, as markets likely expected a more hawkish language from the RBA, given the upgraded...

FXCM Broker

The DAX (GER30) could fall towards a pullback support and potentially bounce off this level to climb higher to extend the bullish momentum. Buy entry is at 18,486.50 which is a pullback support. Stop loss is at 18,400.00 which is a level that lies underneath a pullback support. Take profit is at 18,711.28 which is a resistance that aligns with the 100.0%...

FXCM Broker

GBP/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 195.44 which is a pullback resistance that sits above the 61.8% Fibonacci retracement level. Stop loss is at 197.55 which is a level that sits above a pullback resistance. Take profit is at 191.71 which is a pullback support. High Risk...

FXCM Broker

The Bank of England (BoE) will release its monetary policy report at 11 am GMT followed by Governor Andrew Bailey's press conference at 11:30 am GMT. Should we see a dovish outcome from this latest meeting, it could trigger a strong sell-off in the Pound. Sell entry is at 1.2472 which is a potential breakout level. Stop loss is at 1.2545 which is a level that...