Filtered by date: 05.02.2018. Clear
  • Are stock markets are going into a global sell-off?

    The beginning of the week turned out to be quite unpleasant for the stock indices, as the world Central Bank signals have accelerated the curtailment of softening programs. This caused the stock markets around the world to take flight.

  • Is Gold heading down?

    We discuss what Gold is up to, and where is index S&P500 might be heading.

  • GBPAUD approaching major resistance, prepare for a strong reaction!

    GBPAUD is approaching major resistance at 1.7974 (ABC Fibonacci extension, 61.8% Fibonacci extension, horizontal swing high resistance) and a strong reaction could occur at this level to push price down towards 1.7439 (Fibonacci retracement, Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance below 96% where a corresponding reaction could occur. Trading […]

  • NZDUSD hovering above major support, watch for a bearish break!

    NZDUSD is hovering nicely above major support at 0.7276 (Fibonacci retracement, horizontal swing low support) and a break of this level could trigger a mega drop towards 0.7184 support (Fibonacci retracement, horizontal overlap support). It is important to wait for the candlestick to at least close below our 1st support level to potentially trigger the […]

  • USDJPY reacting off major resistance, watch for a potential further drop!

    USDJPY is now reacting off major resistance at 110.29 (Fibonacci retracement Fibonacci extension, horizontal overlap resistance) and a further drop could occur from this level to drive price lower. We’re seeing intermediate support from our ascending support line and 109 (horizontal overlap support, Fibonacci retracement) and a break of this level could trigger a much […]

  • Ripple continues to test major support, watch for a potential bounce!

    Ripple continues to test 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 a corresponding bounce could […]

  • Bitcoin testing major support, watch for a potential bounce!

    Bitcoin is now testing major support at 8108 (ABC Fibonacci extension, 61.8% Fibonacci extension, horizontal swing low support) and a potential bounce could occur at this level to drive price up to at least 11822 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance). Stochastic (55,5,3) is seeing major support above 7.7% where a corresponding bounce […]

  • EURJPY approaching major support, watch for a potential bounce!

    EURJPY is reacting off major resistance at 137.42 and a drop could occur all the way down to 136.21 which is our first major support level (Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap support). A bounce could occur at this level to drive price up to at least 137.42 resistance (Fibonacci extension, horizontal swing high […]

  • Brent Crude Oil starting to break major support, watch for a potential drop!

    Brent crude oil is testing major support at 68.50 (Fibonacci retracement, horizontal overlap support) and a break of this level could potentially drive price all the way down to 65.96 (Fibonacci retracement, horizontal overlap support). It is important to keep an eye out on our long term ascending support line too which could serve as […]

  • AUDUSD dropped perfectly to our support, prepare for a potential bounce!

    AUDUSD has dropped absolutely perfectly to our major support level before bouncing nicely. We now look for a potential bounce above major support at 0.7899 (Fibonacci retracement, horizontal overlap support, channel exit potential) for a bounce up to potentially 0.7986 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (34,5,3) is seeing major support above 7.9% where […]