EURAUD dropping nicely from channel resistance
Price has dropped perfectly from our resistance area yesterday and has risen to test our descending resistance once again. A further drop is expected below major resistance at 1.5417 (bearish channel resistance, horizontal overlap resistance, 61.8% Fibonacci retracement) to push price down towards 1.5285 support (Fibonacci extension, horizontal swing low support). Our next major level […]
EURGBP approaching channel resistance, keep an eye out on this!
EURGBP is approaching major channel resistance at 0.8972 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance, channel resistance) and a strong reaction could occur at this level to push price down to at least 0.8842 support (Fibonacci retracement, horizontal overlap support). Our next major level of resistance is at 0.9027 (major swing high resistance). Stochastic […]
AUDCAD right on pullback support!
AUDCAD is now back to pullback support where it previously broke out from. A possible bounce could occur at this level above major support at 0.9782 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a rise towards 0.9876 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (55,5,3) is making a similar pullback to ascending support […]
Bitcoin reversing nicely, watch for the break of ascending support!
Bitcoin is testing major resistance at 15194 (61.8% Fibonacci retracement, 100% Fibonacci extension, horizontal swing high resistance, bearish divergence) and we can see that there is a strong ascending trend line support that is squeezing recent price action. A break is likely to occur soon and we would increase our conviction of a potential drop […]
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