Filtered by date: 29.03.2018. Clear
  • Dollar is waiting for growth

    The head of the Federal Reserve Bank of Philadelphia express his attitude towards the FRS economic growth plan. Pointing out that tree rate increases are needed in 2018, instead of planned two.

  • Nikkei testing major resistance, potential for a big drop!

    Nikkei (JPN225) is testing major resistance at 21409 (Fibonacci retracement, Fibonacci extension, descending resistance) and a strong reaction could occur from here to push prices down to major support at 20276 (Fibonacci extension, horizontal swing low support). We have to be cautious of intermediate support at 20759 (Fibonacci retracement, horizontal overlap support as price might […]

  • EURGBP has bounced off major support, potential rally!

    EURGBP has bounced off major support at 0.8689 (Fibonacci extension, multiple horizontal swing low support) and it has also broke out of a recent descending resistance line signalling that we could be seeing more bullish momentum. Price could rise up to our next major resistance at 0.8847 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension). Stochastic […]

  • CADJPY reversing from major resistance, potential for a big drop!

    CADJPY is reversing nicely from our major resistance level at 82.73 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance, bearish divergence) and a strong drop could occur from here. We’re seeing intermediate support at 82.40 (horizontal overlap support, Fibonacci retracement) which needs to be broken to trigger a bigger drop down to major support at 81.33 […]

  • AUDUSD approaching major support, potential for a bounce!

    AUDUSD is approaching major support at 0.7639 (Fibonacci retracement, Fibonacci extension, horizontal swing low support) and a strong bounce could occur at this level pushing prices up to major resistance at 0.7775 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance). Stochastic (89,5,3) is seeing major support above 4% where a corresponding bounce could occur. Trading CFDs […]

  • NZDUSD testing support, potential rise!

    NZDUSD is testing our first support at 0.7261 (horizontal overlap support, 61.8% Fibonacci extension, 38.2%, 61.8% Fibonacci retracement). A strong bounce might occur at this level pushing price up to our major resistance at 0.73273 (100% Fibonacci extension, horizontal overlap resistance). A breakout of our intermediate resistance level at 0.7303 (horizontal overlap resistance, 76.4% Fibonacci […]

  • USDJPY approaching support, watch for breakout!

    USDJPY is approaching our first support at 105.26 (horizontal overlap support, 50% Fibonacci retracement, 100% Fibonacci extension). A breakout of this level might cause a strong reaction, pushing price down to our major support at 104.62 (horizontal swing low support, 61.8% Fibonacci extension). RSI (89) is also seeing a short squeeze and is approaching its […]

  • AUDNZD testing resistance, potential rise on breakout!

    AUDNZD is testing our first resistance at 1.0585 (horizontal pullback resistance) which coincides with our short term descending resistance line. If price breaks out of this level, a strong rally might occur pushing price up to our major resistance at 1.0627 (horizontal swing high resistance, 38.2%, 50% Fibonacci retracement, 61.8% 100% Fibonacci extension). RSI (89) […]

  • AUDJPY is testing resistance, potential drop!

    AUDJPY is testing our first resistance at 81.39 (50% Fibonacci retracement, horizontal overlap resistance, 61.8% Fibonacci extension) which coincides with the long term descending resistance line. A strong reaction might occur at this level pushing price down to our major support at 80.58 (Horizontal swing low support, 61.8% Fibonacci extension). RSI (55) is also approaching […]

  • Is it a good time to trade the USD?

    Trump’s administration moved from the stage of threats to the stage of negotiations with China,

  • AUDJPY is testing resistance, potential drop!

    AUDJPY is testing our first resistance at 81.86 (horizontal overlap resistance, 100% Fibonacci extension, 38.2%, 61.8% Fibonacci retracement) which coincides with the long term descending resistance line. A strong reaction might occur at this level pushing price down to our major support at 80.95 (Horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement). A […]

  • NZDUSD is approaching resistance, potential drop!

    NZDUSD is approaching our first resistance at 0.7304 (horizontal overlap resistance, 76.4% Fibonacci retracement, 100% Fibonacci extension) which coincides with our long term descending resistance line. A strong reaction might occur at this level pushing price down to our major support at 0.7230 (50% Fibonacci retracement, horizontal swing low support). A breakout of our intermediate […]

  • USDJPY watch for breakout!

    USDJPY broke out of its horizontal resistance-turned-support level at 105.60 (horizontal overlap support, breakout level). A strong bounce could occur at this level pushing price up to our major resistance at 106.67 (horizontal swing high resistance, 76.4% Fibonacci retracement, 100% Fibonacci extension) which coincides with the long term descending resistance line. A breakout of our […]

  • AUDNZD approaching resistance, potential drop!

    AUDNZD is approaching our first resistance at 1.0627 (23.6%, 38.2% Fibonacci retracement, horizontal overlap resistance, 100% Fibonacci extension). A strong reaction might occur at this level pushing price down to our major support level at 1.0516 (61.8%, 100% Fibonacci extension, Elliot wave structure). A breakout of our intermediate support at 1.0586 (horizontal swing low support) […]

  • Is the Canadian Dollar about to go down?

    We discuss what’s going to happen with EURGBP and the cross rate of USDCAD.