Filtered by date: 06.03.2018. Clear
  • Is the RBA too optimistic?

    The Reserve Bank of Australia left interest rate unchanged at the meeting on Tuesday resisting the rally of AUD as well as on the signs of a slowdown in the real estate market.

  • GBPUSD back to strong resistance, potential for a drop

    GBPUSD is back to test our strong resistance at 1.3873 (Fibonacci retracement, horizontal pullback resistance) and a strong reaction could occur at this level to push prices down to 1.3632 support (Fibonacci retracement, horizontal pullback support). It’s nice to see that we have a strong descending resistance line that is adding to our bearish momentum. […]

  • EURUSD back to major resistance, remain bearish

    EURUSD is back to test our major resistance at 1.2363 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance, bearish divergence) and a strong reaction could occur at this level to push price down to 1.2165 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is reacting really nicely off our major resistance at 95% and […]

  • Bund back on support, potential for a bounce!

    Bund is back on major support at 159.26 (Fibonacci retracement, horizontal overlap support) and a potential bounce could occur at this level to push price up to at least 160.65 resistance (Fibonacci retracement, horizontal pullback resistance). RSI (34) is also making a nice pullback to previous resistance-turned-support line. Trading CFDs on margin carries high risk. […]

  • AUDUSD testing strong resistance, potential drop!

    AUDUSD is testing strong resistance at 0.7784 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and a strong reaction could occur at this level to push price down to 0.7713 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance from 92-98% where a corresponding reaction could occur. Trading CFDs on margin carries […]