AUDUSD back to pullback resistance!
AUDUSD has made a pullback to our breakout resistance line since breaking out of it yesterday. This is always a sign of big bears pushing price up so as to get a good entry price fearing they had miss out on the move. Our major resistance is at 0.7835 (overlap resistance, pullback resistance, breakout resistance, […]
NZDUSD back to resistance, possible strong reversal lining up!
NZDUSD is back to testing our major resistance level at 0.7239 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance, bearish divergence, bearish price action) and a strong reaction could occur at this level to push price down to at least 0.7031 support (50% Fibonacci retracement, horizontal pullback support. It is worth noting that […]
Gold remaining under bearish pressure for a potential reversal!
Gold has continues to test major resistance at 1332 (76.4% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance). An ascending support line continues to push price against this major resistance causing it to squeeze. A major move in either direction tends to happen in such situations. If price breaks below our ascending support line, this […]
Silver being squeezed for a major move!
Silver is seeing major resistance below 17.21 (61.8% Fibonacci retracement, horizontal swing high resistance) while an ascending support line continues to hold price up and squeeze it against this major resistance. A major move can occur in both directions in such scenarios. If price manages to break and close below our ascending support line, this […]
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