Filtered by date: 05.03.2018. Clear
  • Market overview – a challenge for the RBA, trade wars and the policy of the Bank of Japan

    Real estate is the main driver of consumer demand in Australia and the recent fears of a possible bubble in the market created pressure for the Reserve Bank of Australia.

  • Where is the EUR/USD heading to?

    We start the week off by taking a closer look at EUR/USD and ponder over the GBP/USD movements.

  • EURUSD testing major resistance, potential for a nice reversal!

    EURUSD is testing major resistance at 1.2363 (Fibonacci retracement, horizontal swing high resistance, bearish divergence, Fibonacci extension) and a strong reaction could occur at this level to push price all the way down to major support at 1.2165 (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance at 95% where a corresponding […]

  • USDCAD is testing major resistance, potential for a big drop!

    USDCAD is now testing major resistance at 1.2910 (Fibonacci extension, horizontal swing high resistance) and a strong reaction could occur at this level to push price all the way down to 1.2628 support (Fibonacci retracement, horizontal overlap support, Fibonacci extension). Stochastic (34,5,3) is seeing major resistance at 96% where a corresponding reaction could occur. Trading […]

  • Ripple is reacting off major resistance, potential for further bearishness!

    XRPUSD has reacted nicely off our major resistance at 1.0314 (Fibonacci retracement, horizontal overlap resistance) and a strong reaction could push price further down to 0.9558 support (Fibonacci retracement, horizontal pullback support). Stochastic (21,5,3) is seeing a nice reaction off our major resistance at 89% and has good downside potential for the corresponding drop that […]

  • NZDJPY approaching major support, prepare for a potential bounce!

    NZDJPY is approaching major support at 76.08 (Fibonacci extension, horizontal swing low support, Elliott wave structure) and a potential bounce could occur at this level to drive price up to 77.66 resistance (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension). Stochastic (34,5,3) is seeing major support at 1.7% where a corresponding bounce could occur. Trading CFDs […]

  • Bitcoin right below resistance, watch for a potential bullish breakout!

    Bitcoin is seeing major resistance at 11694 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance) which needs to be broken to open a potential rise to 12985 resistance (Fibonacci retracement, horizontal overlap resistance). It’s important to note that we’ve seen a bullish exit of our long term descending resistance-turned-support line too signaling a change in […]