• Case for a bullish view on Pound after May’s fiasco

    The British Parliament rejected Teresa May’s plan on Britain’s divorce with the EU. It was the government’s biggest failure since 1924, a vote showed.

  • GBPAUD approaching resistance, potential bounce!

    GBPAUD is approaching our first resistance at 1.7957 (Horizontal overlap resistance, 100% fibonacci extension, 50% fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.7835 (38.2% Fiboancci retracement). Stochastic (55,5,3) is also approaching resistance and we might see a corresponding fall in price should it […]

  • USDCHF approaching resistance, potential bounce!

    USDCHF is approaching our first resistance at 0.9897 (horizontal swing high resistance, 61.8% fibonacci retracement, 61.8% fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 0.9825 (61.8% fiboancci extension, 38.2% fiboancci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding fall […]

  • CADJPY approaching resistance, potential drop!

    CADJPY is approaching our first resistance at 81.98 (Horizontal swing high resistance, 61.8%, 78.6% Fibonacci retracement, 100%, 61.8% fiboancci extension, Descending channel’s resistance) and a strong drop might occur below this level pushing price down to our major support at 81.59 (61.8% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance and we might see a […]

  • ASX approaching resistance, potential drop!

    ASX is approaching our first resistance at 5838 (100% fibonacci extension, 78.6% fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 5601 (50% fibonacci retracement, 61.8% fibonacci extension). Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price should it […]

  • Summary

    Today we are seeing a nice setup on USDCHF and CADJPY as it is approaching resistance where we expect a drop below this level. Here are some of our nice calls previously: EURCHF reversed nicely above our first support to hit our major resistance target: https://www.tradingview.com/chart/EURCHF/pLlJkkXN-EURCHF-approaching-support-potential-bounce/ EU50 reversed nicely below our first resistance: https://www.tradingview.com/chart/EU50EUR/aoiDOj1F-EU50-approaching-resistance-potential-drop/

  • Markets unsure of PBOC’s creativity in easing

    Chinese banks increased lending in December, data showed on Tuesday.

  • AUDCHF approaching resistance, potential bounce!

    AUDCHF is approaching our first resistance at 0.7113 (horizontal overlap resistance, 61.8% fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.6954 (horizontal swing low support, 38.2% fiboancci retracement). Stochastic (55,5,3) is also approaching resistance and we might see a corresponding bounce in price should […]

  • EURCHF approaching support, potential bounce!

    EURCHF is approaching our first support at 1.1237 (horizontal swing low support, 61.8%, 100% fiboancci extension, 78.6% fibonacci retracement) and a strong bounce might occur below this level pushing price down to our major resistance at 1.1287 (Horizontal swing low support, 38.2% fiboancci retracement). Stochastic (34,5,3) is also approaching support and we might see a […]

  • AEX approaching resistance, potential drop!

    AEX is approaching our first resistance at 501.3 (78.6%, 50% fibonacci retracement, horizontal overlap resistance) and a strong drop might occur below this level pushing price down to our major support at 477.2 (78.6% fibonacci retracement, 61.8% fibonacci extension,horizontal swing low retracement). Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop […]

  • EU50 approaching resistance, potential drop!

    EU50 is approaching our first resistance at 3087 (50% fibonacci retracement, 100% fibonacci extension, horizontal swing high resistance) and a strong drop might occur below this level pushing price down to our major support at 3016 (38.2% fibonacci retracement, horizontal overlap resistance). Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop […]

  • Summary

    Today we are seeing a nice setup on EU50 and AEX as it is approaching resistance where we expect a drop below this level. Here are some of our nice calls previously: EURNZD reversed nicely below our first resistance to before rising to test first resistance: https://www.tradingview.com/chart/EURUSD/n5KRNIwa-EURUSD-approaching-resistance-potential-drop/

  • Advance exports: Why Chinese trade data entered the red zone

    The global outlook was deeply impacted by the drastic drop in Chinese trade in December. The data on Monday showed that both exports and imports declined, with the pace of decline rising to the highest levels it has been in more than two years.

  • The Russian Ruble Potentially About to Jump Up

    Today we discuss the current status and future perspectives of the Russian currency and describe what American stock index S&P500 is now worth. We also analyze the tricky moves of the Japanese yen.

  • USDCHF approaching resistance, potential bounce!

    USDCHF is approaching our first resistance at 0.9898 (horizontal swing high resistance, 61.8% fibonacci retracement, 61.8% fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 0.9826 (61.8% fiboancci extension, 38.2% fiboancci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding bounce […]