GBPJPY is facing upside pressure from ascending trendline support on the daily and weekly timeframe. It is also taking support from the horizontal swing low support which coincides with the 127.2% Fibonacci extension as well as the 161.8% Fibonacci extension. It will probably bounce to our 1st resistance which is our horizontal swing high resistance as well as the...
The Breakout Opportunities system has just bought GBPJPY at 149.054. The system recommends entering this trade at any price between 148.654 and 149.292. The signal was issued because the GBPJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.274, suggesting that the GBPJPY may have further to rise. A stop loss has been set at the...
AUDJPY is currently facing bullish pressure as it is reacting off the ascending support line very nicely. Currently, price is in a pullback to the horizontal pullback support which coincides with the 61.8% Fibonacci retracement and 78.6% Fibonacci retracement level. If prices were to bounce up from that level, it is likely to reach 1st resistance which is our...
AUDJPY is currently facing bullish pressure as it is reacting off the ascending support line very nicely. Currently, price is in a pullback to the horizontal pullback support which coincides with the 61.8% Fibonacci retracement and 78.6% Fibonacci retracement level. If prices were to bounce up from that level, it is likely to reach 1st resistance which is our...
The Tidal Shift Strategy has just sold AUDUSD at 0.78485. The system recommends entering this trade at any price between 0.78244 and 0.78726. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at -2.04828, which suggests that the AUDUSD could be trending downwards.The 14-period...
USDCHF has broken through downtrend line on the daily timeframe . It has the potential to bounce from 1st support, which coincides with horizontal swing high and 61.8% Fibonacci extension level to the 1st resistance which is a Fibonacci confluence area of -27% Fibonacci retracement and 161.8% Fibonacci extension . If prices were to break through our first support,...
USDCHF has broken through downtrend line on the daily timeframe. It has the potential to bounce from 1st support, which coincides with horizontal swing high and 61.8% Fibonacci extension level to the 1st resistance which is a Fibonacci confluence area of -27% Fibonacci retracement and 161.8% Fibonacci extension. If prices were to break through our first support,...
The Trend Follower Strategy has just bought EURJPY at 128.944. The system recommends entering this trade at any price between 128.815 and 129.073. The signal was issued because our Speculative Sentiment Index is extremely positive, with a value of -1.602. This suggests that the EURJPY could be trending upwards.The 14-period Average True Range on a daily chart is...
