USD/CAD is falling towards a potential breakout level and could potentially drop lower from here. Sell entry is at 1.34684 which is a potential breakout level ( wait for the 1-hour candle to close below 1.34684 for confirmation ). Stop loss is at 1.35083 which is an overlap resistance. Take profit is at 1.34378 which is a multi-swing-low support. High Risk...
WTI oil (USOIL) is falling towards an ascending trendline and could potentially break under this level to drop lower. Sell entry is at 82.329 which is a potential breakout level ( wait for the 1-hour candle to close under 82.329 for confirmation ). Stop loss is at 84.520 which is a level that sits above the recent pullback resistance. Take profit is between...
CHF/JPY could fall towards an overlap support and potentially bounce off this level to climb higher. Buy entry is at 169.724 which is an overlap support. Stop loss is at 169.100 which is a level that lies underneath an overlap support. Take profit is at 170.612 which is a swing-high resistance. High Risk Investment Warning Trading Forex/CFDs on margin...
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The Aussie (AUD/USD) could rise towards a potential breakout level and climb higher from here should we see a hawkish monetary policy statement at 3:30 am GMT as well as a hawkish press conference by RBA Governor Michele Bullock at 4:30 am GMT. Buy entry is at 0.65826 which is a potential breakout level. Stop loss is at 0.65220 which is a level that lies...
EUR/JPY could fall towards a potential breakout level and drop lower from here should we see the BoJ finally raises interest rates today (19th March). Sell entry is at 161.877 which is a potential breakout level. Stop loss is at 162.800 which is a level that sits above an overlap resistance. Take profit is at 160.380 which is a pullback support that aligns...
News commentary and technical analysis, everyday Tuesday & Thursday 10 minutes before Wall Street opens, by FXCM’s Senior Financial Editorial Writer Nikos Tzabouras
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The Kiwi (NZD/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.60745 which is a pullback support that aligns close to the 100.0% Fibonacci projection level. Stop loss is at 0.60280 which is a level that lies underneath a multi-swing-low support. Take profit is at 0.61364 which is an...
WTI oil (USOIL) could fall towards an overlap support and potentially bounce off this level to climb higher. Buy entry is at 80.206 which is an overlap support. Stop loss is at 76.500 which is a level that lies underneath a pullback support. Take profit is at 83.301 which is an overlap resistance that aligns close to the 161.8% Fibonacci extension level. High...
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USD/CAD is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 1.34378 which is a pullback support. Stop loss is at 1.34000 which is a level that lies underneath a pullback support. Take profit is at 1.35053 which is a pullback resistance that lies beneath the 50.0% Fibonacci retracement level. High...
CAD/JPY is rising towards a potential breakout level and could breakthrough this level to climb higher. Buy entry is at 109.764 which is a potential breakout level (wait for the 1-hour candle to close above 109.764 for confirmation). Stop loss is at 109.000 which is a level that lies underneath a pullback support. Take profit is at 110.564 which is a pullback...
AUD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 97.325 which is a pullback support that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 96.750 which is a level that lies underneath a swing-low support. Take profit is at 98.129 which is a pullback resistance that aligns...
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EURJPY is rising towards an overlap resistance, price could potentially reverse from this level and drop towards the support level. Sell entry is at 161.722 which is an overlap resistance that aligns closely with the 50% Fibonacci retracement. Stop loss is at 163.451 which a swing-high resistance. Take profit is at 160.256 which is the overlap support. High...
US30 is rising towards a potential breakout level and could breakthrough this level to climb higher. Buy entry is at 38898.40 which is a potential breakout level, price could bounce off this level and rise to resistance. Stop loss is at 38776.96 which is an overlap support that aligns closely with the 61.8% Fibonacci retracement level. Take profit is at...
The Kiwi (NZD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.61974 which is a pullback resistance. Stop loss is at 0.62330 which is a level that sits above a multi-swing-high resistance. Take profit is at 0.61460 which is a pullback support that aligns close to the 50.0% Fibonacci...