• AUDUSD approaching support, potential bounce!

    AUDUSD is approaching our first support at 0.7163 (61.8% fibonacci retracement, horizontal overlap support) and a strong bounce might occur above this level pushing price up to our major resistance at 0.7163 (Horizontal pullback resistance, 50% fibonacci retracement, 61.8% fibonacci extension). Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in […]

  • USDJPY approaching resistance, potential drop!

    USDJPY is approaching our first resistance at 113.35 (Horizontal overlap resistance, 61.8% fibonacci extension, 23.6%, 50% fiboancci retracement) and a strong drop might occur below this level pushing price down to our major support at 112.66 (100% fibonacci extension, 61.8% fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop […]

  • USDCAD approaching resistance, potential drop!

    USDCAD is approaching our first resistance at 1.3442 (ascending channel resistance, 61.8% fibonacci extension, horizontal swing high resistance) and a strong drop might occur below this level pushing price down to our major support at 112.66 (horizontal swing low support, 61.8% fibonacci extension, 76.4% fibonacci retracement). Stochastic (34,5,3) is also approaching resistance and we might […]

  • ASX approaching support, potential bounce!

    ASX is approaching our first support at 5546 (61.8% fibonacci extension, 50% fibonacci retracement, Horizontal swing low support) and a strong bounce might occur above this level pushing price up to our major resistance at 5950 (100% Fibonacci extension, 50% fibonacci retracement, Horizontal overlap resistance). Stochastic (89,5,3) is also approaching support and we might see […]

  • Summary

    Today we are seeing a nice setup on AUDUSD and ASX as it is approaching support where we expect a bounce above this level. Here are some of our nice calls previously: CADJPY dropped perfectly below our first resistance: https://www.tradingview.com/chart/CADJPY/mK1NvAgU-CADJPY-approaching-resistance-potential-drop/ AUDCAD bounced perfectly above out first support to hit our major resistance target: https://www.tradingview.com/chart/AUDCAD/T21YEeAp-AUDCAD-approaching-support-potential-bounce/

  • Meng’s life charges possibly require political interference

    A trade agreement with China should be reached by March 1 or new tariffs will be introduced, said US Trade Representative Robert Lightizer on Sunday, thus specifying the final deadline for negotiations with China.

  • Will the Russian Ruble Head Up?

    Today we discuss the current state of Russian Ruble, Canadian currency and American index S&P500.

  • AUDCAD approaching support, potential bounce!

    AUDCAD is approaching our first support at 0.9523 (horizontal swing low support, 38.2% fibonacci retracemen, 61.8% fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 0.9674 (61.8% Fiboancci retracement, 61.8% Fiboancci extension). Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce […]

  • CADJPY approaching resistance, potential drop!

    CADJPY is approaching our first resistance at 84.90 (Horizontal overlap resistance, 61.8% fibonacci extension, 23.6%, 50% fiboancci retracement) and a strong drop might occur below this level pushing price down to our major support at 83.58 (horizontal swing low support). Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price […]

  • HK33HKD approaching support, potential bounce!

    HK33HKD is approaching our first support at 25039 (61.8% Fibonacci extension, 76.4% Fibonacci retracemen, horizontal swing low support) and a strong bounce might occur above this level pushing price up to our major resistance at 28000 (38.2% Fibonacci retracement, Horizontal swing high resistance). Stochastic (55,5,3) is also approaching support and we might see a corresponding […]

  • UK100 approaching support, potential bounce!

    UK100 is approaching our first support at 6685 (50% fibonacci retracement, 61.8% fibonacci extension, horizontal swing low support, descending support line) and a strong bounce might occur above this level pushing price up to our major resistance at 5949 (100% fibonacci extension, 50% fibonacci retracement, horizontal pullback resistance). Stochastic (89,5,3) is also approaching support and […]

  • Summary

    Today we are seeing a nice setup on NZDUSD and ASX as it is approaching support where we expect a bounce above this level. Here are some of our nice calls previously: CADJPY dropped perfectly from our first resistance: https://www.tradingview.com/chart/CADJPY/ZHMMHMxM-CADJPY-approaching-resistance-potential-drop/ CADCHF bounced perfectly above out first support to hit our major resistance target: https://www.tradingview.com/chart/CADCHF/wkHh1H6M-CADCHF-approaching-support-potential-bounce/

  • Key economic events and reports of the upcoming week

    Monday, December 10, 2018 – GDP (MoM)(GBP), Manufacturing Production (MoM) (Oct)(GBP), JOLTs Job Openings (Oct)(USD).

  • Gold rallies ahead of Fed meeting as Powell maintains bullish view on the economy

    Gold prices rose, while the dollar was trading sideways during the Asian session on Friday after Federal Reserve head Jerome Powell issued a bullish assessment of the US economy on Thursday.

  • A short guide: How to use data on the T-bills to estimate future Fed rate hikes?

    Amid growing jittery that the Fed made a mistake picking up the quarterly pace of rate hikes and reluctantly admits its flaw, the US term structure of interest rates earns back the status of a “reliable predictor” of a looming slowdown.