XAUUSD is approaching its resistance at 1303.25 (horizontal pullback resistance, 23.6%, 50% Fibonacci retracement, 100% Fibonacci extension, short term descending resistance line) and we expect price to drop to its major support at 1281.70 (horizontal swing low support, 61.8% Fibonacci extension).
Stochastic (34,5,3) is also approaching its resistance where we...
AUDUSD is testing our first resistance at 0.7567 (horizontal overlap resistance, 61.8% Fibonacci retracement) where price might drop to our first support at 0.7526 (horizontal swing low support, 50% Fibonacci retracement). A breakout below our short term ascending support line would provide the bearish acceleration to our major support target.
RSI (21) is also...
GBPJPY is approaching our first resistance at 147.04 (horizonal overlap resistance, 23.6% Fibonacci retracement) and price might potentially drop to its support at 145.05 (horizontal swing low support). We do have to be cautious of our intermediate support at 145.96 (horizontal swing low support, 100% Fibonacci extension, Elliot wave structure) and a breakout...
CHFJPY bounce off our first support at 110.07 (horizontal swing low support, 61.8% Fibonacci retracement, Elliot wave structure) where price might potentially rise to its first resistance at 110.66 (horizontal overlap resistance, 38.2% Fibonacci retracement).
Stochastic (55,5,3) is also approaching support and a bounce off this level might see further rise in price.
AUDUSD is testing our first resistance at 0.7576 (horizontal overlap resistance, 61.8% Fibonacci retracement) and price might potentially drop to our first support at 0.7489 (horizontal swing low support, 100% Fibonacci retracement, 61.8%, 76.4% Fibonacci retracement).
RSI (89) is also approaching resistance and a reaction off this level might be a good precursor...
USDJPY is approaching our first resistance at 110.03 (horizontal overlap resistance, 61.8% Fibonacci retracement) where price might potentially fall to our first support at 109.23 (horizontal overlap support, 78.6% Fibonacci retracement, 61.8% Fibonacci extension). A breakout below this level might push price down to our second support at 108.82 (horizontal swing...
AUDUSD is approaching our first resistance at 0.7567 (horizontal overlap resistance, 50% Fibonacci retracement) and price might potentially drop to our first support at 0.7489 (horizontal swing low support, 61.8%, 76.4% Fibonacci retracement, 100% Fibonacci extension).
RSI is also seeing a bearish exit in line with our bearish bias.
USDCHF is approaching our first resistance at 0.9955 (horizontal pullback resistance, 23.6% Fibonacci retracement) where price might potentially fall to our support at 0.9856 (horizontal pullback support, 23.6% Fibonacci retracement) which coincides with the short term ascending support line. RSI is also facing bearish pressure as it is approaching its resistance.
CADCHF is approaching our first support at 0.7722 (horizontal overlap support, 23.6% Fibonacci retracement) where price might potentially rise to our first resistance at 0.7818 (horizontal swing high resistance, 76.4% Fibonacci retracement).
Stochastic is also approaching support where a bounce off this level might see a rise in price.
NZDJPY is approaching our first support at 76.06 (horizontal overlap support, 76.4% Fibonacci retracement) where price might potentially bounce above this level and rise to our first resistance at 76.97 (horizontal overlap resistance, 61.8% Fibonacci retracement). A breakout above this level might push price up to our second resistance at 77.52 (horizontal swing...
GBPJPY broke out of our short term ascending support line and is approaching our first resistance at 149.13 (horizontal overlap resistance, 23.6% Fibonacci retracement) where price might potentially fall to our first support at 148.17 (horizontal swing low support, 61.8% Fibonacci retracement, 100% Fibonacci extension). A breakout below this level might push price...
EURGBP is approaching our first resistance at 0.8782 (horizonal swing high resistance, 61.8% Fibonacci retracement) which coincides with our ascending pullback resistance line where price might potentially react off and drop to our support at 0.8713 (Horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension).
RSI (34) is also reacting...
AUDUSD is testing our first resistance at 0.7599 (horizontal swing high resistance, 100% Fibonacci extension, 23.6% Fibonacci retracement) where price might potentially react off and drop to our first support at 0.7546 (horizontal pullback support, 50% Fibonacci retracement, 100% Fibonacci extension).
Stochastic is also reacting off resistance, a good precursor...
EURUSD is approaching our first support at 1.1717 (horizontal swing low support, 100% Fibonacci extension, 38.2% Fibonacci retracement) where it might potentially rise to our first resistance at 1.1999 (horizontal swing high resistance, 38.2% Fibonacci retracement).
Stochastic (89,5,3) is also bouncing off our support, a good precursor for a potential rise in price.
XAUUSD is approaching our first support at 1285.64 (horizontal overlap support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where we might see a corresponding bounce in price to our first resistance at 1302.42 (horizontal pullback resistance, 23.6%, 38.2% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (89) is also seeing a bullish...
GBJPY is approaching our first support at 149.13 (horizontal overlap support, 38.2%, 50% Fibonacci retracement) where price might potentially bounce above this level and rise to our first resistance at 149.95 (horizontal overlap resistance, 50% Fibonacci retracement). A breakout above this level might push price up to our second resistance at 150.64 (horizontal...
NZDUSD has reacted off our first resistance at 0.6935 (horizontal swing high resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension) where it might drop to our first resistance at 0.6872 (horizontal swing low support, 76.4% Fibonacci retracement). A breakout below this level might push price down to our second support at 0.6853 (horizontal swing low...
CADCHF bounced off our first support at 0.7718 (horizontal overlap support, 23.6% Fibonacci retracement) where it might rise to our first resistance at 0.7812 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8%, 100% Fibonacci extension). A breakout above this level might push price up to our second resistance at 0.7853 (horizontal swing high...
