• Funding or government shutdown

    Debates on government financing sent the dollar lower this week.

  • Oil slide may continue next week as US output gains pace

    Oil prices fell on Friday, as traders hurried to take short positions on the black gold after its rise to a key resistance level this week.

  • USDCHF testing strong support, prepare for a potential bounce

    USDCHF is testing major support at 0.9589 (ABC Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) and a strong bounce could occur at this level to drive price up to at least 0.9695 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (55,5,3) is seeing major support above 0.5% where a potential corresponding bounce could occur. […]

  • EURJPY facing tremendous bearish pressure, keep your eye out on this trade!

    EURJPY is facing tremendous bearish pressure below 135.95 (Fibonacci retracement, Fibonacci extension, bearish divergence) and a strong drop could occur at this level to push price down towards 134.55 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is seeing really strong bearish divergence vs price and this could signal a major reversal. Trading CFDs on […]

  • EURAUD testing major support, could be seeing a bounce!

    EURAUD is now testing major support at 1.5267 (Fibonacci retracement, horizontal swing low support, pullback to descending support) and a bounce could occur at this level to push price up to at least 1.5354 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (55,5,3) is seeing major support above 2.8% and a corresponding bounce could occur at […]

  • AUDJPY experiencing major resistance, potential upcoming drop!

    Price is now testing major resistance at 89.00 (Fibonacci extension, horizontal swing high resistance, bearish harmonic formation) and a potential major reversal could occur at this level to push price down towards 88.43 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is seeing major resistance below 98% where a corresponding reaction could occur. Trading CFDs […]

  • Gold on pullback resistance, potential bearish setup!

    Gold has made a pullback to our previously broken major ascending support-turned-resistance line and this has triggered a potential bearish drop from here below major resistance at 1332 (Fibonacci retracement, horizontal breakout level, pullback resistance) towards 1305 support (38.2% Fibonacci retracement, horizontal pullback support). Stochastic (55,5,3) is seeing major resistance below 99% where we still […]

  • Silver on pullback resistance, possible re-entry point

    Silver has broken our long term ascending support-turned-resistance line stretching all the way back to December 2017 and has made a pullback to this level. This is always a good sign that bears are forcing their way back into the position. This break of our long term support-turned-resistance line has triggered a potential bearish drop […]

  • Upbeat Chinese data props up global risk sentiment

    Asian stocks posted mixed results, as investors are gradually taking their profits over concerns of a correction, following the major rally since the beginning of the year.

  • Will Bitcoin eventually fail or correct?

    We ponder whether we should rely on the newspaper headlines about Bitcoin soon to become a thing of the past, and see what’s going to happen with oil.

  • EURJPY continues to test major resistance, lining up a potential reversal

    EURJPY continues to test major resistance at 135.95 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong drop could occur from this level to push price down towards 134.55 support (Fibonacci retracement, horizontal pullback support). Stochastic (55,5,3) is seeing major resistance at 98% and has some good downside potential to go for our bearish […]

  • NZDUSD approaching channel support once again, potential bounce

    NZDUSD is approaching major support once again at 0.7239 (channel support, 50% Fibonacci retracement, horizontal swing low support) and a bounce could occur at this level pushing price up to at least 0.7328 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (21,5,3) is seeing major support above 1.9% where further bullish action could be expected. […]

  • AUDUSD starting to reverse nicely, watch this space!

    AUDUSD has started to test our major resistance and is reversing nicely. Our major resistance remains at 0.7988 (78.6% Fibonacci retracement, horizontal swing high resistance, bearish divergence) and a strong drop could occur at this level to push price down towards 0.7883 support (23.6% Fibonacci retracement, horizontal pullback support). RSI (34) sees bearish divergence versus […]

  • EURUSD reversing nicely, potential further drop!

    EURUSD has started to drop perfectly from our major resistance level. Now major resistance is changed to 1.2208 (Fibonacci retracement, horizontal overlap resistance, breakout level) and a further drop from this level could occur pushing price down to 1.2090 support (Fibonacci retracement, horizontal pullback support). Stochastic (55,5,3) is seeing major resistance below 97% and has […]

  • USDJPY testing major resistance, intermediate correction could occur!

    USDJPY is now testing major resistance at 111.41 (Fibonacci retracement, horizontal swing high resistance, bearish harmonic formation) and a drop from here could occur pushing price down to at least 110.60 support (Fibonacci retracement, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance below 97% where a corresponding drop could occur. Trading CFDs on […]