Filtered by date: 12.03.2018. Clear
  • Will the week start on a rough patch for the Dollar?

    A relief rally took over Asian markets on Monday after the report on non-farm employment dispelled concerns over tbe US economic growth.

  • USDJPY has reached our first target, potential for further rise!

    USDJPY has shot up to our first forecasted resistance target. We’re now seeing that it has made another bullish exit of our long term descending resistance line and has formed a potential double bottom reversal. A strong bounce could occur above 106.41 support ( Fibonacci retracement, horizontal overlap support, bullish exit level) for a push […]

  • Ripple is testing major resistance, potential for a strong drop!

    XRPUSD is testing major resistance at 0.8320 (Fibonacci retracement, horizontal overlap resistance) and a strong drop could occur from here to push prices down to 0.7461 support (Fibonacci extension, horizontal swing low support). Our next major resistance is at 0.8756 (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,5,3) is seeing strong resistance below 90% where a […]

  • NZDJPY has made a bullish exit, potential for strong rally!

    NZDJPY has made a bullish exit of our descending channel and could rally strongly from here. A strong rally could occur above major support at 77.66 (Fibonacci retracement, horizontal overlap support, breakout level) towards 79.24 resistance (Fibonacci retracement, horizontal overlap resistance). RSI (89) has made a similar bullish exit signaling a change in momentum from […]

  • GBPUSD under heavy pressure, potential for further drop

    GBPUSD remains under strong bearish pressure from our descending resistance line and a further drop could occur below 1.3910 resistance (Fibonacci retracement, horizontal swing high resistance, descending resistance) for a push down towards 1.3632 support (Fibonacci retracement, horizontal pullback support). RSI (34) sees our descending resistance line correspondingly holding price down really well. Trading CFDs […]