Filtered by date: 08.03.2018. Clear
  • Chinese position in the Trade Wars

    China will render the service and enter into a tariff duel with the US, the Chinese Foreign Minister hinted on Thursday, saying however that only a loss can be achieved from such a struggle.

  • USDJPY facing massive bearish pressure, potential further drop!

    USDJPY is experiencing massive bearish pressure from our descending resistance line and we are seeing major resistance at 106.41 (Fibonacci retracement, horizontal overlap resistance). A drop could occur from this level to push price further down to 105.29 support (Fibonacci extension, horizontal swing low support). RSI (34) sees a descending resistance line add to our […]

  • NZDUSD double bottom forming nicely, further bullish potential!

    NZDUSD is has formed a nice double bottom formation and we’re seeing major support above 0.7273 (Fibonacci retracement, horizontal overlap support, breakout level) and a strong bounce could occur from here to help price rally towards our next major resistance at 0.7341 (Fibonacci retracement, horizontal swing high resistance). RSI (89) sees ascending support hold price […]

  • Brent Crude Oil approaching support, potential for a bounce!

    BCOUSD is approaching strong support at 63.54 (Fibonacci retracement, Fibonacci extension, horizontal swing low support) and a nice bounce could potentially occur at this level to push price up to major resistance at 66.35 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance). Stochastic (34,5,3) is seeing major support above 2.1% where a corresponding bounce could […]

  • AUDJPY approaching major resistance, potential drop!

    AUDJPY is approaching strong resistance at 83.31 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push price down to major support at 81.56 (Fibonacci extension, horizontal swing low support). We do have to be cautious about our intermediate support at 82.12 (Fibonacci retracement, horizontal overlap support) […]