Filtered by date: 02.02.2018. Clear
  • USDJPY testing major resistance, keep an eye on this setup!

    USDJPY is now testing major resistance at 109.76 (Fibonacci retracement, horizontal swing high resistance) and a strong reaction could occur at this level to push price down to 108.33 support (Fibonacci extension, horizontal swing low support). Our next level of resistance is at 110.36 (above multiple Fibonacci retracements, above pullback resistance). Stochastic (55,5,3) is seeing […]

  • Ripple is approaching major support, watch for a potential bounce!

    Ripple has dropped strongly and is now approaching major support at 0.8224 (Fibonacci extension, Elliott wave structure, horizontal swing low support, bullish divergence) and a strong bounce could occur at this level to push price up to at least 1.1511 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,5,3) is seeing major support above 8.4% where […]

  • Bitcoin has dropped perfectly to our support as expected, prepare for a potential bounce!

    Bitcoin has dropped absolutely perfectly to our major support level as expected. We now see our 1st major support at 8890 (Multiple ABC Fibonacci extension, horizontal swing low support) and a strong bounce could occur at this level to push price up to at least 11970 resistance (Fibonacci retracement, horizontal swing high resistance). Stochastic (34,5,3) […]

  • Litecoin has reached our support as expected, prepare for a potential bounce!

    Litecoin has dropped further as expected and is now testing first major support at 135 (Fibonacci extension, horizontal swing low support) and a bounce could occur at this level to see an intermediate corrective bounce up to 165 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,5,3) is seeing major support above 5.6% where a corresponding […]

  • Ethereum has broken major support! Keep an eye out on this trade!

    Ethereum has broken major support-turned-resistance at 995 triggering a bearish exit. Our 1st resistance is at 995 (Fibonacci retracement, horizontal pullback resistance, breakout level) where a strong drop could occur from pushing price all the way down to 769. We have to be careful about 931 support level as price has bounced off that area […]

  • AUDUSD right on pullback resistance, watch for a further drop!

    AUDUSD has broken our major ascending support line triggering further bearish momentum! We’re seeing 1st resistance at 0.8046 (Fibonacci retracement, horizontal overlap resistance) where a strong drop could occur from to push price down to 0.7958 support (Fibonacci retracement, horizontal swing low support). RSI (34) remains under bearish pressure from our descending resistance line although […]

  • Will the unemployment decline finally feed into wage growth?

    Job growth has hopefully accelerated in the US, as labour market wages rose in line with the solid economic recovery seen the whole last year.