• 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 […]

  • AUDUSD on major resistance, potential major reversal!

    AUDUSD is testing major resistance 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 price signaling that a potential reversal is upcoming. Trading CFDs on […]

  • 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 […]

  • USDJPY dropping nicely as forecasted!

    USDJPY has dropped nicely from our pullback resistance level of 110.96 as expected (major 50% Fibonacci retracement, horizontal overlap support stretching back to mid August 2017). More bears have jumped into this trade and this could drive price down towards 109.88 support (100% Fibonacci extension, Fibonacci retracement, swing low support). RSI (34) remains in a […]

  • 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. […]

  • NZDJPY continues its rise

    NZDJPY has continued to bounce up perfectly as expected as it remains in our ascending channel. Major support remains at 80.57 (Fibonacci retracement, bullish channel support) with the next major level of resistance at 81.26 (ABC Fibonacci extension, horizontal swing high resistance). RSI (34) sees multiple bullish exits signaling that bullish momentum is still strong […]

  • Litecoin on major support, prepare for a potential bounce!

    Litecoin is seeing major support above 222.06 (horizontal swing low support, bullish divergence, Fibonacci retracement) and a strong bounce could occur at this level to push price up towards 244.57 resistance (50% Fibonacci retracement, horizontal swing high resistance). Stochastic (34,5,3) is seeing major support above 3.6% and also sees bullish divergence vs price signaling that […]

  • EURUSD bearish butterfly reversal formation!

    EURUSD is forming a strong bearish butterfly reversal formation with first major resistance at 1.2289 (ABC Fibonacci extension, bearish butterfly harmonic formation) and a strong reaction could occur at this level to drive price down towards 1.2090 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is seeing major resistance below 99% where a corresponding reaction […]

  • USDJPY major support broken!

    USDJPY is making a pullback to our major support-turned-resistance level at 110.96 (major 50% Fibonacci retracement, horizontal overlap support stretching back to mid August 2017). This could be potentially a good level to trigger a strong sell off which could drive price down towards 109.88 support (100% Fibonacci extension, Fibonacci retracement, swing low support). RSI […]

  • EURCHF forming a bearish crab reversal, keep an eye on this idea!

    EURCHF is forming a really nice bearish crab formation with first major resistance at 1.1818 (Fibonacci extension, bearish crab harmonic formation, bearish price action) and a strong reaction could occur at this level to drive price down towards 1.1783 support (Fibonacci retracement, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance below 98% where […]

  • EURAUD testing resistance, potential drop!

    EURAUD is starting to test major resistance at 1.5431 (50% Fibonacci retracement, horizontal swing high resistance) and a potential drop could occur at this level to push price back down to major support at 1.5297 (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing major resistance below 98% where a corresponding reaction could occur. Trading […]

  • Bitcoin on major support, potential bounce!

    Bitcoin is seeing major support at 12953 (ABC Fibonacci extension, horizontal swing low support) and a strong bounce could occur at this level to push price up to at least 13753 resistance (Fibonacci retracement, breakout resistance level). Stochastic (34,5,3) is seeing major support above 7.6% where a corresponding bounce could occur. Trading CFDs on margin […]