Filtered by date: 15.01.2018. Clear
  • Dollar edges down, while oil hovers near $70 highs

    The dollar started the week with a decline, despite positive data on consumer inflation.

  • EUR/USD is heading North; oil is facing strong resistance

    We discuss where the EUR/USD pair is heading to and which is oil’s strongest level. We also ponder why the Japanese currency is so much behind other asset classes.

  • USDJPY major support broken!

    USDJPY has finally broken major support at 110.96 (major 50% Fibonacci retracement, horizontal overlap support stretching back to mid August 2017). This could potentially trigger a strong sell off which could drive price down towards 109.88 support (100% Fibonacci extension, Fibonacci retracement, swing low support). RSI (34) remains in a descending channel showing that there […]

  • NZDJPY remains in a strong ascending channel

    NZDJPY remains in a strong ascending support channel stretching back to the beginning of December 2017. Our first major support is at 80.26 (Fibonacci retracement, horizontal overlap support, channel support) and a bounce could occur at this level to push price up towards 81.25 resistance (Fibonacci extension, horizontal swing high resistance). RSI (55) sees major […]

  • EURAUD forming a double top reversal!

    EURAUD has started to form a really strong reversal signal with a double top being confirmed at 1.5378 (23.6% Fibonacci confirmation level, horizontal pullback resistance). A potential drop could occur from here towards 1.5311 support (above 50% Fibonacci support, horizontal overlap support, double top reversal potential). RSI (34) sees a couple of recent bearish exits […]

  • CADJPY bouncing nicely, more bullish momentum expected!

    CADJPY has started to bounce off perfectly above our major support at 88.50 (61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap support) and a strong bounce could occur at this level to push price up towards 90.37 resistance (61.8% Fibonacci retracement). We are seeing intermediate resistance at 89.65 (38.2% Fibonacci retracement) too. Stochastic (34,5,3) is […]