• Away from the Cold War mentality

    POTUS Donald Trump invited his Russian peer Vladimir Putin to visit Washington this fall, the White House said on Thursday, despite the disdain for American leader both from Democrats and his colleagues in Party

  • Markets see a Yuan depreciation while Dollar declines following Trump’s statements

    The Chinese government gave the green light for a controlled yuan depreciation, refraining from aggressive interventions.

  • Summary

    Today we are seeing a nice setup on CADCHF as it is approaching support where we are expecting a bounce above this level. We are also seeing a nice setup on USDJPY where it is approaching our first resistance where we expect a drop below this level. 1. CHFJPY reversed nicely below our first resistance […]

  • USDJPY approaching resistance, potential drop!

    Price is approaching our first resistance at 113.80 (horizontal swing high resistance, 61.8% Fibonacci retracement) where a strong reaction might occur below this level pushing price down to our major support at 111.35 (horizontal pullback support, 23.6%, 50% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching resistance and a reaction below this level […]

  • EURCHF approaching support, potential bounce!

    Price is approaching our first support at 1.1602 (horizontal overlap support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension, long term ascending support line) and a strong bounce might occur below this level pushing price up to our major resistance at 1.1766 (horizontal overlap resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension). Stochastic (89,5,3) is also approaching our […]

  • GBPCHF approaching resistance, potential drop!

    GBPCHF is approaching our first resistance at 1.3087 (horizontal pullback resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction might occur below this level, pushing price down to our major support at 1.2922 (61.8% Fibonacci extension). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. RSI (34) […]

  • CADCHF approaching support, potential bounce!

    Price is approaching our first support at 0.7530 (horizontal swing low support, 50% Fibonacci retracement, 61.8% Fibonacci extension) and a strong bounce might occur below this level pushing price up to our major resistance at 0.7587 (horizontal swing high resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching our support and a […]

  • Bitcoin is moving forward

    We discuss what American index S&P500 is up to and ponder what is going on with cross rate of currency pair EUR/GBP and Bitcoin.

  • Summary

    Today we are seeing a nice setup on CADJPY as it is approaching our first resistance where we are expecting a drop below that level. We are also seeing a nice setup on CHFJPY as it is approaching our first resistance where we are also expecting a drop below that level. Here are some of […]

  • CHFJPY approaching resistance, potential drop!

    Price is approaching our first resistance at 113.28 (horizontal overlap resistance, 100% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 112.04 (horizontal overlap support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching our resistance and we might see a corresponding drop […]

  • GBPAUD approaching resistance, potential drop!

    Price is approaching our first resistance at 1.7709 (horizontal overlap resistance, 61.8%, 100% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.7530 (horizontal swing low support, 76.4% Fibonacci retracement, Elliot wave structure, 100% Fibonacci extension). Ichimoku cloud is also showing signs […]

  • CADJPY approaching resistance, potential drop!

    CADJPY is approaching our first resistance at 85.92 (horizontal overlap resistance, 100% Fibonacci extension, 76.4% Fibonacci retracement) where price might potentially drop to our major support at 85.18 (horizontal overlap support, 23.6% Fibonacci retracement). RSI (89) is also seeing a bearish exit and we might see a corresponding drop in price if it reacts off […]

  • AUDJPY approaching resistance, watch for breakout!

    Price is approaching our first resistance at 83.71 (horizontal swing high resistance, 78.6% Fibonacci retracement) and a breakout above this level might push price up to our major resistance at 84.58 (horizontal swing high resistance, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias. RSI (89) […]

  • Dollar rallies following US Fed Chairman’s Congress statements

    It is evident that the dollar has left behind its peers in the race , while the the spread between Treasury bonds sunk to new lows following Fed Chairman Powell’s composed position before the Congress, where he said that the US economy is expected to grow steadily in future years.

  • Summary

    Today we are seeing a nice setup on USDJPY as it is approaching our first resistance where we expect a drop to occur below this level. We are also seeing a nice setup on CHFJPY as it is approaching resistance where we are expecting a drop to occur below this level. Here are some of […]