• Are Global Central banks in a “stealth” gold-buying mode?

    While the dollar is being dumped in the short-term presumably on expectations of a happy end to trade negotiations, and the yen is sinking after warnings from the head of the Bank of Japan, Kuroda, gold seems to be taking the opportunity to swiftly update medium-term peaks

  • GBPCAD approaching resistance, potential drop!

    GBPCAD is approaching our first resistance at 1.7260 (Horizontal swing high resistance, 100% fibonacci extension, 50% fibonacci retracement) and a strong drop might occur pushing price down to our major support at 1.7139 (Horizontal pullback support, 50% fibonacci retracement). Stochastic (89, 5, 3) is also approaching resistance and we might see a corresponding drop in […]

  • EU50 approaching resistance, potential drop!

    EU50 is approaching our first resistance at 3272 (50% fibonacci retracement, 100% fibonacci extension, horizontal overlap resistance) and a strong drop might occur pushing price down to our major support at 3128 (38.2% fibonacci retracement). Stochastic (55, 5, 3) is also approaching resistance and we might see a corresponding drop in price should it react […]

  • AUDCHF approaching resistance, potential drop!

    AUDCHF is approaching our first resistance at 0.7186 (Horizontal overlap resistance, 61.8% fibonacci retracement, 61.8% fibonacci extension) and a strong drop might occur pushing price down to our major support at 0.7160 (Horizontal swing low support, 38.2% Fiboancci retracement). Stochastic (55, 5, 3) is also approaching resistance and we might see a corresponding drop in […]

  • XAGUSD approaching resistance, potential drop!

    XAGUSD is approaching our first resistance at 16.259 (Horizontal pullback resistance, 61.8% fibonacci retracement) and a strong drop might occur pushing price down to our major support at 15.577(horizontal swing low support, 61.8% fibonacci retracement). Stochastic (89, 5, 3) is also approaching resistance and we might see a corresponding drop in price should it react […]

  • Summary

    Today we are seeing a nice setup on XAGUSD and AUDCHF as it is approaching resistance where we expect a drop below this level. Here are some of our nice calls previously: NZDUSD bounced from our first support to hit our major resistance target: https://www.tradingview.com/chart/NZDUSD/ehcY4bnt-NZDUSD-approaching-support-potential-bounce/

  • BoJ doubles down on easing commitment, sending the Yen lower

    The head of the Bank of Japan, Haruhiko Kuroda, said on Tuesday that the central bank is ready to increase stimulus if periods of sharp yen appreciation could hurt the economy and derail BoJ plans to achieve a target inflation rate of 2%.

  • USDCAD approaching support, potential bounce!

    USDCAD is approaching our first support at 1.3165 (Horizontal swing low support, 100% fiboancci extension, 50% Fibonacci retracement) and a strong bounce might occur pushing price up to our major resistance at 1.3269 (Horizontal overlap resistance, 50% fibonacci retracement). Stochastic (55, 5, 3) is also approaching support and we might see a corresponding rise in […]

  • AUDCAD approaching support, potential bounce!

    AUDCAD is approaching our first support at 0.9396 (100%, 61.8% Fibonacci extension, horizontal swing low support, 76.4% fibonacci retracement) and a strong bounce might occur pushing price up to our major resistance at 0.9428 (horizontal pullback resistance, 38.2% fibonacci retracement). Stochastic (34, 5, 3) is also approaching support and we might see a corresponding rise […]

  • SPX approaching resistance, potential drop!

    SPX is approaching our first resistance at 2817 (78.6% fibonacci retracement, 100% fibonacci extension, horizontal swing high resistance) and a strong drop might occur pushing price down to our major support at 2616 (38.2% fibonacci retracement). Stochastic (89, 5, 3) is also approaching resistance and we might see a corresponding drop in price should it […]

  • NZDUSD approaching support, potential bounce!

    NZDUSD is approaching our first support at 0.6817 (horizontal swing low support, 38.2% fibonacci retracement, 100% fibonacci extension) and a strong bounce might occur pushing price up to our major resistance at 0.6867 (61.8% fibonacci retracement, 61.8% fibonacci extension). Stochastic (34, 5, 3) is also approaching support and we might see a corresponding rise in […]

  • Summary

    Today we are seeing a nice setup on AUDUSD and SPX as it is approaching resistance where we expect a drop below this level. Here are some of our nice calls previously: AUDUSD dropped from our first resistance to hit our major support target: https://www.tradingview.com/chart/AUDUSD/q8dTSXsf-AUDUSD-approaching-resistance-potential-drop/ USDCAD bounce above our first support: https://www.tradingview.com/chart/USDCAD/gO2zN4iH-USDCAD-approaching-support-potential-bounce/

  • Two ECB officials see bearish shift in the policy if weak growth persists

    Several ECB policymakers made comments on Friday and Monday that were disappointing for the euro.

  • USDCAD approaching support, potential bounce!

    USDCAD is approaching our first support 1.3198 (Horizontal swing low support, 100% fiboancci extension, 50% Fibonacci retracement) and a strong bounce might occur pushing price up to our major resistance at 1.3269 (Horizontal overlap resistance, 50% fibonacci retracement). Stochastic (34, 5, 3) is also approaching support and we might see a corresponding rise in price […]

  • NZDUSD approaching resistance, potential drop!

    NZDUSD is approaching our first resistance at 0.6935 (Horizontal swing high resistance, 100% fibonacci extension, 50% fibonacci retracement) and a strong drop might occur pushing price down to our major support at 0.6879 (38.2% fibonacci retracement). Stochastic (34, 5, 3) is also approaching resistance and we might see a corresponding drop in price should it […]