• NZDJPY approaching resistance, potential drop!

    NZDJPY is approaching our first resistance at 77.76 (horizontal swing high resistance, 100% Fibonacci extension, 76.4% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 75.71 (horizontal pullback support, 100% Fibonacci extension, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and seeing a bearish […]

  • USDCHF approaching resistance, potential drop!

    USDCHF is approaching our first resistance at 1.0082 (horizontal swing high resistance, 61.8%, 50% Fibonacci retracement, 100% Fibonacci extension, descending channel resistance) where a strong drop might occur pushing price down to our major support at 1.0019 (100% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (21,5,3) is also approaching resistance and ichimoku cloud is seeing bearish […]

  • USDJPY approaching resistance, potential drop!

    USDJPY is approaching our first resistance at 113.65 (horizontal pullback resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur pushing price down to our major support at 112.97 (horizontal swing low support, 100% Fibonacci extension, 76.4% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop […]

  • EURCAD approaching support, potential bounce!

    EURCAD is approaching our first support at 1.4883 (horizontal overlap support, 78.6% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.4934 (horizontal swing high resistance, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce […]

  • Summary

    Today we are seeing a nice setup on USDCHF and USDJPY where they are approaching resistance where we are expecting a bounce above this level. Here are some of our nice calls previously: USDJPY reversed perfectly below our first resistance and is approaching our major support target: https://www.tradingview.com/chart/USDJPY/WGbxFNXU-USDJPY-approaching-resistance-potential-drop/ EURCAD reversed perfectly below our first resistance […]

  • Perfect “Open Mouth” operations performed by the Fed’s Powell

    US stock market was somewhat spooked on Wednesday with Powell’s “invariably positive” attitude toward the US economy, which means that the rate hike process will go on as planned.

  • Oil is likely to jump up

    Today we discuss the large-scale oil drop and the chance that it will leap. We also ponder what is going with British currency and cross rate of EUR/GBP.

  • EURCAD approaching resistance, potential drop!

    EURCAD is approaching our first resistance at 1.5050 (horizontal swing high resistance, 76.4% fibonacci retracement, 100% fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 1.4908 (horizontal swing low support, 100% fibonacci extension, 76.4% fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might […]

  • USDJPY approaching resistance, potential drop!

    USDJPY is approaching our first resistance at 113.65 (61.8% Fibonacci extension, horizontal pullback resistance, 38.2% fiboancci retracement) and a strong drop might occur below this level pushing price down to our major support at 112.97 (Horizontal swing low support, 100% fibonacci extension, 76.4% fibonacci retracement). Price broke through ichimoku cloud support and we are also […]

  • NZDJPY approaching resistance, potential drop!

    NZDJPY is approaching our first resistance at 77.83 (Horizontal swing high resistance, 61.8% and 50% fibonacci retracement, 100% fibonacci extension and a decreasing channel resistance) and a strong drop might occur pushing price down to our major support at 75.44 (Horizontal pullback support, 61.8% fibonacci extension, 50% fibonacci retracement). Stochastic (55,5,3) is also approaching resistance […]

  • EURUSD approaching resistance, potential drop!

    EURUSD is approaching our first resistance at 1.1358 (horizontal pullback resistance, 100% fiboancci extension, 50% fiboancci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.1187 (61.8%, 100% Fiboancci extension, 61.8% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop […]

  • Summary

    Today we are seeing a nice setup on USDCAD and GBPNZD as it is approaching support where we expect a bounce above this level. Here are some of our nice calls previously: EURJPY bounced perfectly above our first support to hit our resistance target: https://www.tradingview.com/chart/EURJPY/73xwmpCj-EURJPY-approaching-support-potential-bounce/ NZDUSD dropped perfectly from our first resistance to hit our […]

  • Consumption slack adds to Chinese problems; industrial data beats estimates on fiscal support

    The data on Chinese economy released today offered a mixed impression about the government’s attempts to fix inefficiencies and ease recession risks. Slowing retail sales was unexpectedly countered by uptick in industrial output and investment in fixed assets which is quite surprising and worrying at the same time.

  • GBPJPY approaching resistance, potential drop!

    GBPJPY is approaching our first resistance at 149.73 (horizontal swing high resistance, 61.8% fibonacci retracement, 100%, 61.8% fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 146.12 (Horizontal swing low support, 50% fibonacci retracement, 100% fibonacci extension). Stochastic (34,5,3) is also approaching resistance and we […]

  • EURUSD approaching resistance, potential drop!

    EURUSD is approaching our first resistance at 1.1358 (Horizontal overlap resistance, 100% fibonacci extension, 50% fiboancci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.1252 (Horizontal overlap support, 76.4% fiboancci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in […]