• VIX collapses to long-term mean indicates return of market bulls

    VIX virtually collapsed on Tuesday, dropping by 17.28%, indicating how quickly the volatility sellers took up their usual business, betting on halt of the storm in the US stock market. Why invent something new if there is statistical arbitrage and mean-reverse strategies that still work?

  • CADJPY approaching resistance, potential drop!

    CADJPY is approaching our first resistance at 87.42 (horizontal swing high 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 86.47 (horizontal pullback support, 50% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop […]

  • GBPNZD approaching support, potential bounce!

    GBPNZD is approaching our first support at 2.000 (horizontal pullback support, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 2.0198 (horizontal pullback resistance, 50% Fibonacci retracement, 100% Fibonacci extension). Stochastic (89,5,3) is approaching support and we might see a corresponding […]

  • AUDNZD approaching resistance, potential drop!

    AUDNZD is approaching our first resistance at 1.0857 (horizontal pullback resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur pushing price down to our major support at 1.0780 (horizontal overlap support, 76.4% Fibonacci retracement). RSI (55) is also seeing a bearish exit and we might see a corresponding drop in price. […]

  • USDCAD approaching support, potential bounce!

    USDCAD is approaching our first support at 1.2887 (horizontal swing low support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1.3074 (horizontal swing high resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching support and we might […]

  • 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: GBPCHF bounced perfectly above our first support to hit our resistance target: https://www.tradingview.com/chart/GBPCHF/tujK47KV-GBPCHF-approaching-support-potential-bounce/ USDCAD dropped perfectly from our first resistance to hit our […]

  • USDCHF approaching support, potential bounce!

    USDCHF is approaching our firsts support at 0.9798 (horizontal swing low support, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 1.006 (horizontal swing high resistance, 61.8% Fibonacci extension, 76.4% Fibonacci retracement). Stochastic (55,5,3) is also approaching support and we might […]

  • GBPCHF approaching support, potential bounce!

    GBPCHF is approaching our first support at 1.2865 (horizontal swing low support, 38.2% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.3090 (horizontal overlap resistance, 78.6% Fibonacci retracement). RSI (89) is approaching support and we might see a corresponding rise in […]

  • GBPJPY approaching resistance, potential drop!

    GBJPY is approaching our first resistance at 147.16 (horizontal overlap resistance, 23.6% Fibonacci retracement) and a strong drop might occur pushing price down to our major support at 144.86 (horizontal overlap support, 50% Fibonacci retracement). RSI (55) is also seeing a bearish exit and we might see a corresponding drop in price. Ichimoku cloud is […]

  • XAUUSD approaching support, potential bounce!

    XAUUSD is approaching our first support at 1215.87 (horizontal overlap support, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 1238.09 (horizontal pullback resistance, 38.2% Fibonacci retracement). RSI (55) is also seeing a bullish exit and Ichimoku cloud is also showing […]

  • Summary

    Today we are seeing a nice setup on XAUUSD and USDCHF as it is approaching support where we expect a bounce above this level. Here are some of our nice calls previously: USDCAD reversed perfectly below our first resistance and is approaching our major support target: https://www.tradingview.com/chart/USDCAD/QEnA1ZHA-USDCAD-is-approaching-resistance-potential-drop/

  • The Fed is waiting for inflation but it’s not here yet

    The Fed is waiting for inflation but it’s not here yet. Excluding fuel prices, import prices remained unchanged in September, the Ministry of Commerce reported on Friday. Export prices saw no changes in September, after declining by 0.2% and 0.5% over the previous two months.

  • USDCAD is approaching resistance, potential drop!

    USDCAD is approaching our first resistance at 1.3074 (horizontal swing high resistance, 76.4% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.2934 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price […]

  • NZDCAD approaching resistance, potential drop!

    NZDCAD is approaching our first resistance at 0.8510 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.8374 (horizontal swing low support, 76.4% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop […]

  • GBPJPY approaching resistance, potential drop!

    GBJPY is approaching our first resistance at 147.16 (horizontal overlap resistance, 23.6% Fibonacci retracement) and a strong drop might occur pushing price down to our major support at 144.86 (horizontal overlap support, 50% Fibonacci retracement). RSI (55) is also seeing a bearish exit and we might see a corresponding drop in price. Ichimoku cloud is […]