• Gold Broke the Triangle! Could it Drop?

    Today we discuss what gold, the British pound and Australian currency are currently up to.

  • NIKKEI approaching resistance, potential drop!

    NIKKEI is approaching our first resistance at 22290.7 (61.8% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 21472.4 (61.8% Fibonacci retracement , 100% Fibonacci extension , horizontal pullback support). Stochastic is approaching resistance as well where we might see […]

  • ASX approaching support, potential bounce!

    ASX is approaching our first support at 6238.2 (horizontal swing low support, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 6306.1 (horizontal swing high resistance). Stochastic is also approaching support where we might see a corresponding bounce in price. Trading […]

  • GBPUSD approaching support, potential bounce!

    GBPUSD is approaching our first support at 1.3000 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level to our first support level at 1.3136 (horizontal swing high resistance, 38.2% Fibonacci retracement). Stochastic is also approaching support where we might see a corresponding bounce in price. […]

  • USDCAD approaching resistance, potential drop!

    USDCAD is approaching our first resistance at 1.3399 (horizontal swing high resistance, 76.4% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.3339 (50% Fibonacci retracement). Stochastic is also approaching resistance where we might see a corresponding drop in price. Trading CFDs […]

  • Summary

    We are seeing a nice setup on GBPUSD and ASX as it is approaching support where we are expecting a bounce above this level. Here are some of our nice calls previously: USDCAD bounced nicely from our first support https://www.tradingview.com/chart/USDJPY/raaFUFZi-USDCAD-approaching-support-potential-bounce/ USDJPY reversed nicely from our first resistance as well: https://www.tradingview.com/chart/USDJPY/50XE97fQ-USDJPY-approaching-resistance-potential-drop/

  • Chinese Economy’s “Good News” May Be Bad News for Stocks

    The source of genuine fundamental improvements in the Chinese economy can only come from the manufacturing sector…

  • NIKKEI approaching resistance, potential drop!

    NIKKEI is approaching our first resistance at 22290.7 (61.8% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 21472.4 (61.8% Fibonacci retracement , 100% Fibonacci extension , horizontal pullback support). Stochastic is approaching resistance as well where we might see […]

  • XAGUSD approaching support, potential bounce!

    XAGUSD is approaching our first support at 14.86 (horizontal swing low support, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 15.14 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal pullback resistance). Stochastic is also approaching support where we might see a corresponding bounce in […]

  • USDCAD approaching support, potential bounce!

    USDCAD is approaching our first support at 1.3294 (horizontal swing low support, 100% Fibonacci extension, 78.6% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 1.3389 (61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic is also approaching support where we might see a corresponding bounce […]

  • USDJPY approaching resistance, potential drop!

    USDJPY is approaching our first resistance at 112.12 (horizontal swing high resistance, 76.4% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 111.35 (61.8% Fibonacci retracement). Stochastic is also approaching resistance where we might see a corresponding drop in price. Trading CFDs […]

  • Summary

    We are seeing a nice setup on USDJPY and Nikkei as it is approaching resistance where we are expecting a drop below this level. USDJPY reversed perfectly from our first resistance: https://www.tradingview.com/chart/USDJPY/amK1tLhw-USDJPY-approaching-resistance-potential-drop/

  • NIKKEI approaching resistance, potential drop!

    NIKKEI is approaching our first resistance at 22290.7 (61.8% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 21472.4 (61.8% Fibonacci retracement , 100% Fibonacci extension , horizontal pullback support). Stochastic is approaching resistance as well where we might see […]

  • HSI approaching resistance, potential drop!

    HSI is approaching our first resistance at 30025.0 (horizontal pullback resistance, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 27903.0 (100% Fibonacci extension, 38.2% Fibonacci retracement, Horizontal pullback support). Stochastic is also approaching resistance and seeing a bearish divergence where we might see […]

  • XAUUSD approaching support, potential bounce!

    XAUUSD is approaching our first support at 1283.93 (horizontal swing low support, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1300.42 (61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic is also approaching support where we might see a corresponding bounce in price. Trading CFDs […]