• 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 […]

  • Dollar edges down, while oil hovers near $70 highs

    The dollar started the week with a decline, despite positive data on consumer inflation.

  • EUR/USD is heading North; oil is facing strong resistance

    We discuss where the EUR/USD pair is heading to and which is oil’s strongest level. We also ponder why the Japanese currency is so much behind other asset classes.

  • USDJPY major support broken!

    USDJPY has finally broken major support at 110.96 (major 50% Fibonacci retracement, horizontal overlap support stretching back to mid August 2017). This could potentially trigger a strong sell off which could drive price down towards 109.88 support (100% Fibonacci extension, Fibonacci retracement, swing low support). RSI (34) remains in a descending channel showing that there […]

  • 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 […]

  • Key economic events market will watch in the following week

    Take a look at what the next week has in store for the markets

  • Dollar has finished the week in the red zone

    The medium-term forecast of the Dollar, remains unchanged as it is declining to level 90.00.

  • Will the US inflation surprise the FED?

    The minutes of the ECB meeting will probably show a cautious position of the bank regarding the forecast of stimulating the economy

  • 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 […]