• Consumption slack adds to Chinese problems; industrial data beats estimates on fiscal support

    The data on Chinese economy released today offered a mixed impression about the government’s attempts to fix inefficiencies and ease recession risks. Slowing retail sales was unexpectedly countered by uptick in industrial output and investment in fixed assets which is quite surprising and worrying at the same time.

  • GBPJPY approaching resistance, potential drop!

    GBPJPY is approaching our first resistance at 149.73 (horizontal swing high resistance, 61.8% fibonacci retracement, 100%, 61.8% fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 146.12 (Horizontal swing low support, 50% fibonacci retracement, 100% fibonacci extension). Stochastic (34,5,3) is also approaching resistance and we […]

  • EURUSD approaching resistance, potential drop!

    EURUSD is approaching our first resistance at 1.1358 (Horizontal overlap resistance, 100% fibonacci extension, 50% fiboancci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.1252 (Horizontal overlap support, 76.4% fiboancci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in […]

  • CHFJPY approaching resistance, potential drop!

    CHFJPY is approaching our first resistance at 114.08 (Horizontal overlap resistance, 61.8% fibonacci extension, 38.2% fibonacci retracement) and a strong drop might occur pushing price down to our major support at 112.51 (Horizontal swing low support, 61.8% fibonacci retracement). Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price should […]

  • USDCAD approaching resistance, potential drop!

    USDCAD is approaching our first resistance at 1.3266 (Horizontal overlap resistance, 78.6% fibonacci retracement, 100% fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 1.3142 (Horizontal overlap support, 61.8% Fibonacci retracement, 100% fibonacci extension). Stochastic (34,5,3) is also approaching resistance and we might see a […]

  • Summary

    Today we are seeing a nice setup on USDCAD and CHFJPY as it is approaching resistance where we expect a drop below this level. Here are some of our nice calls previously: GBPUSD bounced perfectly above our first support: https://www.tradingview.com/chart/GBPUSD/cnUg89WP-GBPUSD-approaching-support-potential-bounce/ EURCAD bounced perfectly above our first support to hit our major resistance target: https://www.tradingview.com/chart/EURCAD/Lj9DLrV6-EURCAD-approaching-support-potential-bounce/

  • Trump is ready for tariffs on cars, sends shocking waves to the stock market

    The US Department of Commerce examined the import conditions for cars and parts for the presence “national threats” and sent Washington recommendations for possible improvements.

  • EURJPY approaching support, potential bounce!

    EURJPY is approaching our first support at 126.64 (horizontal swing low support, 78.6% fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 128.73 (61.8% fibonacci extension, 61.8% fibonacci retracement). Stochastic (34,5,3) is approaching support and we might see a corresponding rise in price should it […]

  • GBPUSD approaching support, potential bounce!

    GBPUSD is approaching our first support at 1.2829 (Horizontal overlap support, 61.8 fibonacci extension, 76.4% fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 1.3095 (61.8% Fibonacci extension, 78.6% Fibonacci retracement). Stochastic (34,5,3) is approaching support and we might see a corresponding rise in price […]

  • EURCAD approaching support, potential bounce!

    EURCAD is approaching our first support at 1.4847 (Horizontal swing low support, 78.6% fiboancci retracement, 61.8% fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.4923 (horizontal pullback resistance, 100% fibonacci extension, 38.2% fibonacci retracement). Stochastic (89,5,3) is approaching support and we might see a […]

  • NZDUSD approaching support, potential bounce!

    NZDUSD is approaching our first support at 0.6697 (Horizontal pullback support, 100% fibonacci extension, 38.2% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 0.6820 (Horizontal swing high resistance, 61.8 fibonacci retracement). Stochastic (34,5,3) is also approaching support and we might see a corresponding bounce […]

  • Summary

    Today we are seeing a nice setup on NZDUSD and GBPUSD as it is approaching support where we expect a bounce above this level. Here are some of our nice calls previously: CADCHF reversed perfectly above our first support to hit our resistance target: https://www.tradingview.com/chart/CADCHF/MMfIthJo-CADCHF-approaching-support-potential-bounce/ NZDJPY dropping perfectly below our first resistance: https://www.tradingview.com/chart/NZDJPY/FYMwTkee-NZDJPY-approaching-resistance-potential-drop/

  • The specter of QE returns to Euro

    Oil prices jumped more than 1.5% after Saudi Arabia, the largest producer of OPEC, announced support measures for the falling market.

  • How Far Will Russian Ruble Drop?

    Today we discuss what is going to happen with Russian currency anytime soon, and what the gold is currently up to.

  • NZDJPY approaching resistance, potential drop!

    NZDJPY is approaching our first resistance at 78.08 (50%, 61.8% fibonacci retracement, horizontal swing high resistance, 100% fiboancci extension, descending channel resistance) and a strong drop might occur below this level pushing price down to our major support at 75.60 (Horizontal pullback support, 61.8% fiboancci extension, 38.2% fibonacci retracement). Stochastic (55,5,3) is also approaching resistance […]