• Turkish lira declines further – Brief overview of share buybacks in US

    Turkish lira resumed decline on Monday despite the rate hike by Turkish CB to 24%, which seems to have been expected to raise costs for lira bearish positions, i.e. make them less profitable

  • NZDUSD approaching resistance, potential drop!

    NZDUSD is approaching our first resistance at 0.6594 (horizontal swing high resistance, 38.2%, 78.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 0.6551 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance and we might see a […]

  • GBPJPY approaching resistance, potential drop!

    GBPJPY is approaching our first resistance at 148.39 (long term descending resistance line, 100% Fibonacci extension, 61.8%, 50% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 145.59 (horizontal pullback support, 38.2%, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and a reaction below […]

  • AUDJPY approaching resistance, potential drop!

    AUDJPY is approaching our first resistance at 80.71 (horizontal overlap resistance, 100% Fibonacci extension, 38.2%, 61.8% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 79.74 (horizontal swing low support, 50% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching resistance and a reaction […]

  • USDJPY approaching resistance, potential drop!

    USDJPY is approaching our first resistance at 112.42 (100% Fibonacci extension, 78.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 111.17 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and a reaction below this level might […]

  • Summary

    Today we are seeing a nice setup on USDJPY and AUDJPY as it is approaching resistance where we are expecting a drop below this level. Here are some of our nice calls previously: EURUSD bounced perfectly above our first support to hit our major resistance target: USDJPY bounce perfectly from our first resistance and is […]

  • Russian Ruble forms a fine bullish trap

    In this post, we discuss what is going to happen to the Russian Ruble and where the European index is heading. We also analyze the future of cross rate of EUR/AUD.

  • EURUSD approaching support, potential bounce!

    EURUSD is approaching our support at 1.1607 (horizontal overlap support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) and price might potentially rise up to our major resistance at 1.1672 (horizontal pullback resistance, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching support and a bounce off this level might see a corresponding rise in price. Trading CFDs […]

  • USDJPY approaching support, potential bounce!

    USDJPY is approaching our first support at 111.75 (horizontal pullback support, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur pushing price up to our major resistance at 112.42 (76.4% Fibonacci retracement, 100% Fibonacci extension, long term descending resistance line). RSI (89) is also seeing a bullish exit and we might see […]

  • GBPCHF approaching resistance, potential drop!

    GBPCCHF is approaching our first resistance at 1.2863 (horizontal overlap resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement, descending channel resistance) and a strong drop might occur below this level pushing price down to our major support at 1.2283 (61.8% Fibonacci extension, horizontal swing low support, 76.4% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and […]

  • EURGBP approaching support, potential bounce!

    EURGBP is approaching our first support at 0.8885 (horizontal overlap support, 100%, 61.8% Fibonacci extension, short term ascending support line) and a strong bounce might occur above this level pushing price up to our major resistance at 0.8943 (horizontal overlap resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching support where a […]

  • Summary

    Today we are seeing a nice setup on EURGBP and EURUSD as it is approaching support where we are expecting a bounce above this level. Here are some of our nice calls previously: USDCAD bounced perfectly from our first support to hit our major resistance target: EURCAD reversed nicely from our first resistance and is […]

  • Key economic events and reports of the upcoming week

    Take a look at what global markets have in store for the upcoming week.

  • Gold prices stall as Trump curbs optimism on trade talks

    Gold prices rose on Friday morning as US President Donald Trump curbed upbeat beliefs on the resumption of trade talks between Washington and Beijing.

  • Time to start worrying about your dollar longs?

    The ECB held a meeting yesterday and, although the forecasts for the GDP were indeed lowered, the market turned a deaf ear to the bearish part of the report as it was information that was rather anticipated. The market focused instead on Draghi’s verbal assessment of economic recovery and comments on inflation.