Filtered by date: 28.02.2018. Clear
  • Oil market shows positive results

    Oil market shows signs of growth due to lowered OPEC productions, however, shale extraction in the United States can change the market direction.

  • EURUSD has started to drop nicely, potential for further drop!

    EURUSD has started to drop really nicely after breaking our ascending support line and our Ichimoku cloud. We see potential for further downside movement below our major resistance at 1.2270 (breakout level, pullback resistance). Our next major level of support is at 1.2083 (Fibonacci retracement, horizontal pullback support). Trading CFDs on margin carries high risk. […]

  • Silver testing major support, potential for a bounce!

    XAGUSD is testing major support at 16.36 (Fibonacci retracement, horizontal swing low support) and a potential bounce could occur at this level to push price up to 16.71 resistance (Fibonacci retracement, horizontal swing high resistance, Fibonacci extension). Stochastic (34,5,3) is also seeing major support above 4.3% where a corresponding bounce could occur to push price […]

  • NZDUSD potential for further drop, but require a recovery first.

    NZDUSD has continued to drop strongly since yesterday. It could potentially drop further from here but we would need to see some sort of recovery first towards 1st major resistance at 0.7276 (Fibonacci retracement, horizontal overlap resistance, breakout level). If price recovers to that area, then we could see a further drop towards 0.7183 support […]

  • Bitcoin testing major resistance, potential drop!

    Bitcoin is testing major resistance at 10913 (descending resistance line, horizontal swing high resistance, bearish Ichimoku cloud) and a strong reaction could occur from this level to push price down towards 9179 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing major resistance below 93% where a corresponding reaction could occur. Trading CFDs on […]

  • Strong Brexit dissent is still in place

    Draghi’s statement contained a softer appeal than discussed, which, may force the British financial intermediaries to pack their bags.

  • CADCHF testing major resistance, potential breakout!

    CADCHF is testing major resistance at 0.7412 (Fibonacci retracement, horizontal swing high resistance) and it’s starting to break out of our triangle formation. Our next major resistance is at 0.7434 which is a fibonacci extension, retracement and swing high resistance level. If price does drop, we’re seeing it potentially going all teh way down to […]

  • USDJPY testing major resistance, potential drop!

    USDJPY is approaching our first major resistance at 107.14 (100% Fibonacci extension level, horizontal swing high resistance, 38.2% and 50% Fibonacci retracement level). We believe this is a major resistance zone as it coincides with the long term descending resistance line. A strong reaction could occur at this level, pushing price down to the next […]

  • NZDUSD testing major support once again!

    NZDUSD is testing major support once again at 0.7278 (Fibonacci retracement, fibonacci extension, horizontal overlap support) and a bounce could occur at this level to push price up to at least 0.7346 resistance (Fibonacci retracement, horizontal swing high resistance) We do have to be wary of the descending resistance line and only a break of […]

  • Bitcoin has broken strong resistance, potential rally!

    Bitcoin has broken our descending resistance-turned-support line triggering a bullish exit. A strong rally could occur above 1st major support at 9857 (breakout level, horizontal overlap support, fibonacci retracement) all the way up to major resistance at 11772 (Fibonacci retracement, horizontal swing high resistance). RSI (34) has made a similar bullish exit from its descending […]

  • How long will the Euro high last?

    Capital outflows from the European stock market caused the Euro to rise against other currencies, while the Dollar declined due to the rally in bond demand and optimism in the stock market.

  • Is EUR/USD about to go down?

    We discuss what EUR/USD is up to, as well as ponder current state of the index S&P 500 and Russian Ruble.

  • EURUSD breaking out of long term support, potential for a big drop!

    EURUSD has broken major ascending support line triggering a potential drop. Our 1st resistance is at 1.2360 (Fibonacci retracement, breakout level) and a strong drop could occur from here to push price down to 1.2083 support (Fibonacci retracement, horizontal pullback support). Trading CFDs on margin carries high risk. Losses can exceed the initial investment so […]

  • Etherium target reached perfectly, prepare for another reversal!

    Etherium has dropped perfectly to our major support previously. We now forecast it to make a recovery to 910 resistance where another reaction could occur (Fibonacci retracement, horizontal overlap resistance, descending resistance momentum). Our major support is at 781 (Fibonacci retracement, Fibonacci extension, horizontal swing low support). Stochastic (21,5,3) is seeing major resistance below 96% […]

  • USDCAD testing major resistance, potential upcoming reversal!

    USDCAD is testing major resistance at 1.2755 (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance, fake bullish exit) and a strong reaction could occur from here to push price down to 1.2448 support (Fibonacci retracement, horizontal swing low support). Stochastic (34,5,3) is reacting nicely off our 95% resistance with good downside potential. Trading CFDs on margin […]