EURUSD is falling towards a key overlap support. Price could hit the buy entry at 1.08471 and potentially reverse to bounce higher. Take profit is at 1.09116 which is an overlap resistance. Stop loss is at 1.08136 which is an overlap support that aligns with the 100% Fibonacci projection level and also sits under the 50.0% Fibonacci retracement level.
Please be...
EURJPY is falling towards a key overlap support. Price could hit the buy entry at 156.754 and potentially reverse to bounce higher. Take profit is at 158.731 which is a resistance at the 127.2% Fibonacci projection level. Stop loss is at 155.246 which is an overlap support.
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USDCAD is rising towards the buy entry at 1.32802. Could price hit this level and break out to climb higher? Take profit is at 1.33810 which is a resistance level that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 1.32366 which is an overlap support that sits under the 23.6% Fibonacci retracement level. Wait for price to pullback to the buy...
NZDUSD has hit the sell entry at 0.60964 which is a key overlap resistance aligns with the 23.6% Fibonacci retracement level and price could potentially reverse to drop lower. Take profit is at 0.60439 which is an overlap support that aligns with the 78.6% Fibonacci retracement. Stop loss is at 0.61465 which is an overlap resistance that aligns with the 50.0%...
Price bounced strongly above the 67.31 support level towards our take profit target - but how did we do it?
Join Desmond in this analysis review where he covers the reason why this setup worked nicely.
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Price reversed strongly from our resistance level to the support level at 22.20. But how did it happen?
Join Desmond in today's analysis review to have a quick recap on the elements that led to this strong reversal.
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Price has made a pullback to a key overlap resistance level at 0.8827 which also happens to be a previous 78.6% fbonacci retracement that was broken.
It's worth noting that there is strong bearish momentum from the bearish Ichimoku cloud and the lower highs being made by price.
A drop from here could see prices drop all the way to the major swing low at...
The pair heads towards another profitable month, but closes in on the levels that had prompted Japanese authorities to step in and support the Yen. Follow FXCM Senior market Specialist Nikos Tzabouras as he discusses the outlook
Based on Daily chart analysis, we can see that price is rallying towards our sell entry at 145.92 which is a pullback resistance level that aligns with 78.6% Fibo retracement. Our take profit will be 150.19 which is a resistance level. Stop loss will be at 142.00 which is a pullback support level.
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Based on the H4 chart analysis, we can see that Price is falling to our buy entry at 0.6086 which is an overlap support level that aligns with a 61.8% Fibo retracement. Our take profit will be at 0.6131 which is a pullback resistance level. Stop loss will be at 0.6024 which is slightly below a 78.6% Fibo retracement level.
Please be advised that the...
USDCAD is rising towards a key overlap resistance that sits under the 38.2% Fibonacci retracement level. Price could hit the sell entry at 1.32359 and potentially reverse to drop lower. Take profit is at 1.31305 which is a recent swing-low. Stop loss is at 1.33231 which is an overlap resistance that sits under the 61.8% Fibonacci retracement level.
Please be...
USOIL is falling towards a key overlap support. Price could hit the buy entry at 67.315 and potentially reverse to bounce higher. Take profit is at 69.934 which is an overlap resistance. Stop loss is at 65.749 which is an overlap support that sits under with the 78.6% Fibonacci projection level.
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Price is approaching a strong resistance level at 23.21 which is a pullback resistance, 50% Fibonacci retracement and a 100% Fibonacci projection.
On top of that, we have a long term descending resistance line and the bearish ichimoku cloud contributing to the bearish momentum.
A reversal from here could see prices drop all the way down to 22.22 which is a...
We're looking at DXY today and we can see that price is forming a sort of elliott wave structure - with wave 4 potentially recently finishing.
A break of 12856 which is a major overlap support could trigger the bearish acceleration down towards the 12801 level.
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Price bounced perfectly from our confluence support level and reached our target. But how did it happen? Join Desmond as he reviews how we managed to forecast the reversal with such a high degree of accuracy.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party...
We're seeing price test a major support level at 1.5907. We really like this level because it has an overlap support, 100% Fibonacci projection, 61.8% short term fibonacci retracement and 38.2% long term fibonacci retracement.
A bounce from here could see prices rise to test the 1.6122 resistance level.
Please be advised that the information presented on...
AUDJPY is falling towards an overlap support. Price could hit the buy entry at 95.371 and potentially reverse to bounce higher. Take profit is at 96.882 which is an overlap resistance. Stop loss is at 94.653 which is an overlap support that sits below the 38.2% Fibonacci retracement level.
Please be advised that the information presented on TradingView is...
