• GBPJPY approaching resistance, potential drop!

    GBPJPY is approaching our first resistance at 143.39 (horizontal pullback resistance, 23.6%, 38.2% fibonacci retracement, 61.8% fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 139.30 (horizontal swing low support, 100% fibonacci extension, elliot wave structure). Stochastic (89,5,3) is also approaching resistance and a reaction […]

  • USDCAD approaching support, potential bounce!

    USDCAD is approaching our first support at 1.3007 (horizontal swing low support, 78.6% fibonacci retracement, long term ascending support line) and a strong bounce might occur above this level pushing price up to our major resistance at 1.3091 (horizontal swing high resistance, 50% fibonacci retracement). Stochastic (89,5,3) is also approaching support and a bounce off […]

  • NZDUSD approaching resistance, potential drop!

    NZDUSD is approaching our first resistance at 0.6718 (horizontal pullback resistance, 61.8% fibonacci retracement, 100% fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 0.6613 (horizontal overlap support, 61.8% fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and a reaction below this level might see […]

  • NZDJPY approaching resistance, potential drop!

    NZDJPY is approaching our first resistance at 74.15 (horizontal pullback resistance, 61.8% fibonacci extension, 38.2% fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 72.38 (horizontal swing low support). Stochastic (89,5,3) is also approaching resistance and a reaction off this level might see a corresponding […]

  • Summary

    Today we are seeing a nice setup on NZDJPY and GBPJPY as it is approaching resistance where we are expecting a drop below this level. Here are some of our nice calls previously: 1. AUDCHF reversed perfectly down from our first resistance and is approaching our major support target: https://www.tradingview.com/chart/AUDCHF/LCVrIL0m-AUDCHF-approaching-resistance-potential-drop/

  • Trump’s criticizes the Fed

    Trump’s public complaint that came out of nowhere about the Fed’s policy unexpectedly took the dollar off balance on Tuesday. According to him, he was not surprised by the policy of increasing rates by his own protege Powell.

  • Key takeaways of this week’s financial news

    Global stock markets began a week with growth amid reports that China and the United States will hold talks, with the initiative coming from the United States.

  • EURUSD approaching resistance, potential drop!

    EURUSD is approaching our first resistance at 1.1627 (horizontal overlap resistance, 100% Fibonacci extension, 23.6%, 50% Fibonacci retracement, long term ascending support-turned-resistance line) and a strong drop might occur below this level pushing price down to our major support at 1.1202 (horizontal swing low support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also […]

  • EURCHF approaching resistance, potential drop!

    EURCHF is approaching our first resistance at 1.1446 (horizontal overlap resistance, 23.6%, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.1247 (horizontal swing low support) Stochastic (55,5,3) is also approaching resistance and a reaction below this level might see a corresponding drop in […]

  • NZDUSD approaching resistance, potential drop!

    NZDUSD is approaching our first resistance at 0.6718 (horizontal pullback resistance, 23.6%, 61.8% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 0.6552 (horizontal swing low support). Stochastic (89,5,3) is also approaching our resistance and a reaction below this level might see […]

  • Summary

    Today we are seeing a nice setup on EURCHF and NZDUSD as it is approaching resistance where we are expecting a drop below that level. Here are some of our nice calls previously: USDCHF reversed perfectly from our first resistance and is approaching our major support target: https://www.tradingview.com/chart/USDCHF/rLTWC5X7-USDCHF-approaching-resistance-potential-drop/

  • Gold is heading down!

    In this post, we discuss where gold pulls back down when downtrend gets stronger, and why WTI oil won’t head up anymore.

  • Summary

    Today we are seeing a nice setup on CHFJPY as it is approaching support we expecting a bounce above that level. We are also seeing a nice setup on AUDCHF as it is approaching resistance where we expect a drop below that level. Here are some of our nice calls previously: GBPAUD reversed perfectly from […]

  • EURAUD approaching resistance, potential drop!

    EURAUD is approaching our first resistance at 1.5727 (horizontal overlap resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.5540 (horizontal overlap support, 61.8% Fibonacci extension, 76.4%, 61.8% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in […]

  • CHFJPY approaching support, potential bounce!

    CHFJPY is approaching our first support at 110.34 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci extension, long term ascending support line) and a strong bounce might occur above this level pushing price up to our major resistance at 112.05 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8%, 100% Fibonacci extension). RSI (34) is […]