EURUSD has started to drop nicely, potential for further drop!
EURUSD has started to drop really nicely after breaking our ascending support line and our Ichimoku cloud. We see potential for further downside movement below our major resistance at 1.2270 (breakout level, pullback resistance). Our next major level of support is at 1.2083 (Fibonacci retracement, horizontal pullback support). Trading CFDs on margin carries high risk. […]
Silver testing major support, potential for a bounce!
XAGUSD is testing major support at 16.36 (Fibonacci retracement, horizontal swing low support) and a potential bounce could occur at this level to push price up to 16.71 resistance (Fibonacci retracement, horizontal swing high resistance, Fibonacci extension). Stochastic (34,5,3) is also seeing major support above 4.3% where a corresponding bounce could occur to push price […]
NZDUSD potential for further drop, but require a recovery first.
NZDUSD has continued to drop strongly since yesterday. It could potentially drop further from here but we would need to see some sort of recovery first towards 1st major resistance at 0.7276 (Fibonacci retracement, horizontal overlap resistance, breakout level). If price recovers to that area, then we could see a further drop towards 0.7183 support […]
Bitcoin testing major resistance, potential drop!
Bitcoin is testing major resistance at 10913 (descending resistance line, horizontal swing high resistance, bearish Ichimoku cloud) and a strong reaction could occur from this level to push price down towards 9179 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing major resistance below 93% where a corresponding reaction could occur. Trading CFDs on […]
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