• NZDJPY remains in a strong ascending channel

    NZDJPY remains in a strong ascending support channel stretching back to the beginning of December 2017. Our first major support is at 80.26 (Fibonacci retracement, horizontal overlap support, channel support) and a bounce could occur at this level to push price up towards 81.25 resistance (Fibonacci extension, horizontal swing high resistance). RSI (55) sees major […]

  • EURAUD forming a double top reversal!

    EURAUD has started to form a really strong reversal signal with a double top being confirmed at 1.5378 (23.6% Fibonacci confirmation level, horizontal pullback resistance). A potential drop could occur from here towards 1.5311 support (above 50% Fibonacci support, horizontal overlap support, double top reversal potential). RSI (34) sees a couple of recent bearish exits […]

  • CADJPY bouncing nicely, more bullish momentum expected!

    CADJPY has started to bounce off perfectly above our major support at 88.50 (61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap support) and a strong bounce could occur at this level to push price up towards 90.37 resistance (61.8% Fibonacci retracement). We are seeing intermediate resistance at 89.65 (38.2% Fibonacci retracement) too. Stochastic (34,5,3) is […]

  • Ripple facing tremendous bearish pressure!

    Ripple continues its drop and is seeing tremendous bearish pressure as it maintains its bearish channel formation. With continued bearish pressure, we see the first major level of resistance at 2.2225 (38.2% Fibonacci retracement, 50% Fibonacci retracement, horizontal overlap resistance, channel resistance) and a further drop could occur below this level towards first intermediate support […]

  • EURUSD forming a bearish bat formation, look for the reversal!

    EURUSD has started to form a really strong reversal signal at 1.2058 (Fibonacci retracement, bearish bat harmonic formation, swing high resistance, bearish divergence, bearish price action) and all these point towards a potential drop towards 1.2011 intermediate support (38.2% Fibonacci retracement, horizontal pullback support) before 1.1972 major support (61.8% Fibonacci retracement, horizontal pullback support). Stochastic […]

  • Ethereum forming a major head and shoulders reversal!

    Ethereum is forming a really strong major reversal signal with a head and shoulders formation. A break of major neckline support at 1096 (38.2% Fibonacci retracement, horizontal overlap support, neckline support) could trigger a strong move down towards 917 support (61.8% Fibonacci retracement, horizontal swing low support). If price breaks this major level of support, […]

  • CADJPY on major support, prepare for a bounce!

    CADJPY is now testing major support at 88.50 (61.8% Fibonacci retracement, 61.8% Fiboancci extension, horizontal overlap support) and a strong bounce could occur at this level to push price up towards 90.37 resistance (61.8% Fibonacci retracement). We are seeing intermediate resistance at 89.65 (38.2% Fibonacci retracement) too. Stochastic (34,5,3) is also seeing major support at […]

  • AUDUSD back to pullback resistance!

    AUDUSD has made a pullback to our breakout resistance line since breaking out of it yesterday. This is always a sign of big bears pushing price up so as to get a good entry price fearing they had miss out on the move. Our major resistance is at 0.7835 (overlap resistance, pullback resistance, breakout resistance, […]

  • NZDUSD back to resistance, possible strong reversal lining up!

    NZDUSD is back to testing our major resistance level at 0.7239 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance, bearish divergence, bearish price action) and a strong reaction could occur at this level to push price down to at least 0.7031 support (50% Fibonacci retracement, horizontal pullback support. It is worth noting that […]

  • Gold remaining under bearish pressure for a potential reversal!

    Gold has continues to test major resistance at 1332 (76.4% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance). An ascending support line continues to push price against this major resistance causing it to squeeze. A major move in either direction tends to happen in such situations. If price breaks below our ascending support line, this […]

  • Silver being squeezed for a major move!

    Silver is seeing major resistance below 17.21 (61.8% Fibonacci retracement, horizontal swing high resistance) while an ascending support line continues to hold price up and squeeze it against this major resistance. A major move can occur in both directions in such scenarios. If price manages to break and close below our ascending support line, this […]

  • AUDUSD has broken major support!

    AUDUSD has broken a strong ascending support-turned-resistance line triggering a major bearish move. Our resistance is at 0.7835 (overlap resistance, pullback resistance, breakout resistance) and a possible drop could push price down to at least 0.7731 (38.2% Fibonacci retracement, horizontal support). Stochastic (55,5,3) is seeing a recent bearish breakout of its ascending support-turn-resistance line as […]

  • USDJPY hovering above major support, watch for a bounce!

    USDJPY is hovering over major support at 112.02 (Fibonacci extension, Fibonacci retracement, bullish alternate bat harmonic formation) and a strong bounce could occur at this level to push price up towards 112.93 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,5,3) is seeing major support above 2.9% where a corresponding bounce could occur. Trading CFDs on […]

  • Bitcoin testing major support, possible upcoming bounce!

    Bitcoin is testing major support at 14200 (61.8% Fibonacci retracement, horizontal overlap support, bullish divergence) and a possible bounce could occur at this level. However there’s strong descending resistance holding price down really well. Only a clean break of this resistance level would add conviction to the rise we’re expecting. RSI (34) sees bullish divergence […]

  • EURAUD back to resistance, possible reversal

    EURAUD is now back to testing major resistance at 1.5285 (38.2% Fibonacci retracement, 61.8% Fibonacci retracement, horizontal pullback resistance). Price could not break through this level since yesterday and price action seems to be stalling around this area. A possible drop could occur at this level in line with our bearish channel to push price […]