Market analysis from easyMarkets
GBPJPY is approaching our first resistance at 148.20 (horizontal overlap resistance, 50%, 76.4% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 146.25 (horizontal swing low support, 38.2% Fibonacci retracement, 100% Fibonacci extension). Stochastic (55,3) is also approaching our major...
AUDUSD is approaching our first support at 0.7555 (horizontal overlap support, 61.8%, 76.4% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level, pushing price up to our major resistance at 0.7617 (horizonal overlap resistance, 50% Fibonacci retracement, 100% Fibonacci extension). Stochastic (55,5,3) is also...
NZDUSD is approaching our first support at 0.6992 (horizontal overlap support, 38.2%, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level, pushing price up to our major resistance at 0.7039 (horizonal swing high resistance, 61.8% Fibonacci retracement). Stochastic (55,5,3) is also approaching our support where...
USDCHF is approaching our first resistance at 0.9891 (horizontal swing high resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) and a strong reaction might occur below this level pushing price down to our major support at 0.9840 (horizontal swing low support, 50% Fibonacci retracement, 100% Fibonacci extension). Stochastic (55,5,3) is also...
NZDJPY is approaching our first resistance at 77.62 (horizontal overlap resistance, 61.8% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 76.17 (horizontal pullback support, 50% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching our major resistance and a...
EURJPY is approaching our first resistance at 131.41 (horizontal swing high resistance, 50%, 76.4% Fibonacci retracement, 61.8% Fibonacci extension). A strong reaction might occur below this level, pushing price down to our major support at 128.18 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (55,5,3) is also approaching our resistance and...
DXY broke out of our short-term descending resistance-turned-support line and is approaching our first support at 93.72 (horizontal overlap support, 23.6% Fibonacci retracement) where a strong bounce might occur above this level, pushing price up to our major resistance at 94.30 (horizonal swing high resistance, 61.8% Fibonacci retracement). RSI (55) is also...
AUDJPY is approaching our first resistance at 84.78 (horizontal swing high resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement) and a strong reaction might occur below this level pushing price down to our major support at 82.78 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (55,5,3) is also approaching our resistance and a...
USDCAD is approaching our first support at 1.2891 (horizontal overlap support, 50% Fibonacci retracement, short term ascending support line) where a strong bounce might occur above this level pushing price up to our major resistance at 1.3072 (61.8% Fibonacci extension). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias. RSI...
XAUUSD is approaching our first resistance at 1306.62 (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8%, 100% Fibonacci extension). A strong reaction might occur below this level pushing price down to our major support at 1282.10 (horizontal swing low support). RSI (55) is also testing our long-term descending resistance line and is seeing a...
EURUSD is approaching our first support at 1.1732 (horizontal swing low support, 38.2% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1.1995 (horizontal overlap resistance, 50% Fibonacci retracement). A breakout above our intermediate resistance at 1.1839 (horizontal overlap resistance, 100%...
AUDUSD is approaching our first resistance at 0.7663 (horizontal overlap resistance, 61.8% Fibonacci retracement) where a strong reaction might occur below this level pushing price down to our major support at 0.7473 (horizontal swing low support, 76.4% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also seeing a bearish divergence and...
XAGUSD (Silver) is testing major resistance at 16.85 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance) and a strong drop could occur at this level to push prices all the way down to major support at 16.29 (Fibonacci retracement, horizontal swing low support). Stochastic (55,5,3) is seeing major resistance at 93% where a corresponding...
USDCHF has finally broken our support-turned-resistance at 0.9831 triggering a strong bearish drop from here. We are aided by strong bearish momentum from our bearish channel and our bearish Ichimoku cloud. We are waiting for some strength to push prices back up to resistance at 0.9831 (Fibonacci retracement, horizontal pullback resistance, breakout level). ...
EURJPY is testing strong resistance at 130.21 (Fibonacci retracement, horizontal overlap resistance, bearish divergence) and a strong drop could occur from here to push prices all the way down to major support at 125.16 (Fibonacci extension, horizontal swing low support). Stochastic (21,5,3) is seeing major resistance at 95% where a corresponding reaction could...
Bitcoin is testing major resistance at 7738 (Fibonacci retracement, horizontal swing high resistance) and a strong reaction could occur at this level to push prices all the way down to major support at 7529 (Fibonacci retracement, horizontal overlap support). Stochastic (55,5,3) is seeing major resistance at 90% where a corresponding reaction could occur. ...
CADJPY is testing major support at 85.04 (Fibonacci retracement, horizontal overlap support, bullish ichimoku cloud) and a strong bounce could occur at this level to push prices all the way up to major resistance at 85.83 (horizontal overlap resistance). We do have to be wary of intermediate resistance at 85.53 (Fibonacci retracement, horizontal swing high...
XAGUSD is testing major resistance at 16.66 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance) and a strong reaction could occur at this level to push prices all the way down to major support at 16.29 (Fibonacci extension, horizontal swing low support). Stochastic (55,5,3) is seeing major resistance at 96% where a corresponding reaction...