Market analysis from IC Markets
XAGUSD is approaching its resistance at 15.09 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it is could reverse down to its support at 15.01 (horizontal pullback support). Stochastic (89, 5, 3) is approaching its resistance at 92% where a corresponding reversal is expected.
USDJPY reversed off its resistance at 112.16 (61.8% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing high resistance) where it is could drop further to its support at 111.38 (61.8% Fibonacci retracement). Stochastic (89, 5, 3) reversed off its resistance at 96% where a corresponding drop could occur.
CHFJPY is approaching its support at 110.61 (100% Fibonacci extension, horizontal swing low support) where it could potentially bounce to its resistance at 110.92 (horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at where a corresponding bounce could occur.
GBPUSD is approaching its support at 1.3004 (61.8% Fibonacci extension, horizontal swing low support) where it could potentially bounce to its resistance at 1.3065 (50% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at where a corresponding bounce could occur.
AUDUSD is approaching its support at 0.7150 (61.8% & 100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.7181 (horizontal swing high resistance). Stochastic (89, 5, 3) is approaching its support at where a corresponding bounce could occur.
CADCHF is testing its resistance at 0.7545 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is could reverse down to its support at 0.7515 (61.8% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding reversal is expected.
EURGBP is approaching its resistance at 0.8696 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is could reverse down to its support at 0.8582 (61.8% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
EURUSD bounced nicely off its support at 1.1279 (61.8%, 50% & 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1.1320 (horizontal swing high resistance). Stochastic (55, 5, 3) is bounced off its support at 6.4% where a corresponding rise could occur.
USDCAD is approaching its resistance at 1.3406 (61.8% & 100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance) where it is could reverse down to its support at 1.3355 (50% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding reversal is expected.
XAUUSD is approaching its support at 1283.90 (61.8% Fibonacci extension, horizontal swing low support) where it could potentially bounce to its resistance at 1296.27 (50% Fibonacci retracement). Stochastic (89, 5, 3) is approaching its support at 2.3% where a corresponding bounce could occur.
EURJPY reversed off its resistance at 126.71 (100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing high resistance) where it is could drop further to its support at 125.59 (61.8% Fibonacci retracement, horizontal pullback support). Stochastic (89, 5, 3) reversed off its resistance at 96% where a corresponding drop could occur.
GBPJPY reversed off its resistance at 146.98 (100% & 61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is could drop further to its support at 145.69 (61.8% Fibonacci retracement, horizontal pullback support). Stochastic (89, 5, 3) reversed off its resistance at 95% where a corresponding drop could occur.
NZDUSD is testing its resistance at 0.6798 (61.8% & 38.2% Fibonacci retracement, horizontal swing high resistance) where it is could reverse down to its support at 0.6748 (61.8% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
AUDCHF is testing its resistance at 0.7204 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance) where it is could reverse down to its support at 0.7138 (horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected.
XAGUSD is approaching its support at 14.88 (61.8% & 100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 15.31 (horizontal swing high resistance). Stochastic (89, 5, 3) is approaching its support at 1.5% where a corresponding bounce could occur.
EURJPY is testing its resistance at 126.68 (100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing high resistance) where it is could reverse down to its support at 125.59 (horizontal pullback support). Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
GBPJPY is approaching its resistance at 147.02 (61.8% & 100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal pullback resistance) where it is could reverse down to its support at 145.69 (horizontal pullback support). Stochastic (89, 5, 3) is approaching its resistance at 95% where a corresponding reversal is expected.
NZDUSD bounced nicely off its support at 0.6723 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.6765 (61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is bounced off its support at 2.05% where a corresponding rise could occur.