• 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 […]

  • Gold major support broken, possible bearish drop!

    Gold has broken a 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 have good downside potential. Trading […]

  • CADJPY has bounced perfectly, further potential upside expected

    Price has bounced up perfectly from our major support at 88.57 previously. Major support is now at 89.37 (Fibonacci retracement, horizontal pullback overlap support) and a potential bounce could occur from here pushing price further up to 90.37 resistance (Fibonacci retracement, Fibonacci extension). Stochastic (89,5,3) is seeing major support above 1.9% where a potential corresponding […]

  • Silver has broken major support, prepare for a possible drop!

    Silver has broken our long term ascending support-turned-resistance line stretching all the way back to December 2017. This has triggered a potential bearish drop from here below 17.03 (Fibonacci retracement, horizontal pullback resistance, bearish exit) for a push down to 16.21 support (Fibonacci retracement, horizontal pullback support). Trading CFDs on margin carries high risk. Losses […]

  • EURJPY testing major resistance, potential reversal!

    EURJPY is testing 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 move. […]

  • NZDJPY broken major channel, potential bearish reversal

    NZDJPY has broken our major ascending channel support triggering a potential bearish exit. Our major resistance level is at 80.40 (Fibonacci retracement, pullback resistance) and a strong reversal could occur from here to push price down towards 80.02 (swing low support, Fibonacci retracement) before 79.50 (Fibonacci retracement, Fibonacci extension, horizontal swing low support). Trading CFDs […]

  • Bund on major support, potential upcoming bounce!

    Bund is seeing major support above 160.40 (100% Fibonacci extension, 78.6% Fibonacci retracement) and a potential bounce could occur at this level to drive price up to at least 161.88 (38.2% Fibonacci retracement, horizontal pullback resistance, 61.8% Fibonacci extension). Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure […]

  • Ripple on major support, prepare for a bounce!

    Ripple is testing major support at 0.8614 (78.6% Fibonacci retracement, horizontal overlap support, channel support)and a strong bounce could occur at this level to push price up towards 1.5341 resistance (50% Fibonacci retracement, horizontal pullback resistance). Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand […]

  • EURAUD facing strong resistance, potential upcoming drop!

    EURAUD is testing major resistance at 1.5423 (50% Fibonacci retracement, horizontal swing high resistance, bearish descending channel) and a strong reaction could occur at this level to push it down towards 1.5310 support (50% Fibonacci retracement, horizontal pullback support). RSI (34) sees a descending channel signaling intermediate downside pressure. Trading CFDs on margin carries high […]

  • Bitcoin on major support, potential bounce!

    Bitcoin is seeing major support at 10427 (ABC Fibonacci extension, major 50% Fibonacci retracement) and a bounce could occur at this level pushing price up to at least 12844 (38.2% Fibonacci retracement, horizontal pullback resistance) before 14488 (61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic (34,5,3) is seeing major support above 7.6% where a corresponding […]

  • USDCHF bullish crab formation, keep an eye out!

    USDCHF is forming a bullish crab formation with first major support at 0.9605 (ABC Fibonacci extension, bullish harmonic crab formation) and a strong bounce could occur at this level to push price up towards 0.9695 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (34,5,3) is seeing major support above 0.4% where a corresponding bounce could occur. […]