• Key economic events and reports of the upcoming week

    Monday, December 17, 2018 – CPI (YoY) (Nov)(EUR).

  • European economy is losing momentum; slower growth is predicted in Q4

    According to the government data released on Friday, the pace of expansion of eurozone business activity in December slowed to the lowest level in four years.

  • ECB halts QE but quite unsure about rate hike timeframe

    The ECB decided to completely quit the lavish asset purchase program at the meeting on Thursday, which was in line with expectations, but retained flexibility in other monetary tools, providing a vague forecast for the rate hike next year.

  • AEX approaching resistance, potential drop!

    AEX is approaching our first resistance at 516.8 (horizontal pullback resistance, 100% fibonacci extension, 61.8% fibonacci retracement) where a strong drop might occur pushing price down to our major support at 494.2 (100% fibonacci extension, 61.8% fibonacci retracement, horizontal swing low support). Stochastic (55,5,3) is also approaching resistance and we might see a corresonding drop […]

  • EURCAD approaching support, potential bounce!

    EURCAD is approaching our first support at 1.5136 (horizontal swing low resistance, 61.8% fibonacci extension, 78.6% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1.5222 (61.8% fibonacci extension, horizontal swing high resistance). Stochastic (55,5,3) is also approaching support and we might see a corresponding […]

  • USDJPY approaching resistance, potential drop!

    USDJPY is approaching our first resistance at 113.7 (horizontal swing high resistance, 100% fibonacci extension, 78.6% fibonacci retracement) where a strong drop might occur pushing price down to our major support at 112.5 (61.8% fibonacci extension, 78.6% fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a corresonding drop in price. Trading […]

  • HSI testing resistance, potential drop!

    Price is testing our first resistance at 26619 61.8% fibonacci retracement, 61.8% fibonacci extension, horizontal swing high resistance) where a strong drop might occur pushing price down to our major support at 25562 78.6%, 61.8% fibonacci retracement, 61.8% fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is also approaching resistance where we might see a […]

  • Summary

    Today we are seeing a nice setup on USDJPY and HSI as it is approaching resistance where we are expecting a drop below this level. Here are our nice calls previously: CADJPY dropped perfectly from our first resistance: https://www.tradingview.com/chart/CADJPY/roUI1xKe-CADJPY-approaching-resistance-potential-drop/

  • Oil likely to drop after a little push

    Today we discuss what is most likely to happen to oil rates and the European currency.

  • AUDCAD approaching support, potential bounce!

    AUDCAD is approaching our first support at 0.9629 (horizontal swing low support, 32.8% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 0.9726 (100%, 61.8% fibonacci extension, 76.4% fibonacci retracement, horizontal swing high resistance). Stochastic (34,5,3) is also approaching support and we might see a […]

  • EURNZD approaching resistance, potential drop!

    EURNZD is approaching our first resistance at 1.6621 (horizontal swing high resistnace, 76.4% fibonacci retracement, 61.8% fibonaaci extension) and a strong drop might occur below this level pushing price down to our major support at 1.6468 (6138% fibonacci extension, 76.4% fibonacci retracement). Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop […]

  • CHFJPY approaching resistance, potential drop!

    CHFJPY is approaching our first resistance at 114.33 (horizontal swing high resistance, 100% fibonacci extension, 61.8% fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 113.96 (horizontal swing low support, 61.8% fibonacci extension, 23.6% fibonacci retracement). Stochastic (34,5,3) is also approaching resistance and we might […]

  • CADJPY approaching resistance, potential drop!

    CADJPY is approaching our first resistance at 85.19 (100%, 61.8% fibonacci extension, 61.8% fibonacci retracement, horizontal overlap resistance) and a strong drop might occur below this level pushing price down to our major support at 113.96 (100% fibonacci extension, 61.% fibonacci retracement, horizontal swing low support). Stochastic (55,5,3) is also approaching resistance and we might […]

  • Summary

    Today we are seeing a nice setup on CADJPY and CHFJPY as it is approaching resistance where we expect a drop below this level. Here are some of our nice calls previously: EURUSD bounced perfectly above our first support: https://www.tradingview.com/chart/USDJPY/yX43icU5-EURUSD-approaching-support-potential-bounce/ SPX bounced perfectly above our first support: https://www.tradingview.com/chart/SPX500USD/9QVrJuxz-SPX500-approaching-support-potential-bounce/

  • November US CPI may follow lackluster wages, Fed to call off March rate hike

    The Asian and European markets rose on Wednesday thanks to positive comments from the US president regarding the trade deal, freeing Huawei top manager Meng on bail.