Filtered by date: 30.04.2018. Clear
  • Summary

    Today we are seeing a nice setup on ASX as it is approaching our resistance which coincides with a Fibonacci retracement. We are expecting a strong drop to occur below this level, pushing price down to our major support target. Stochastic is also seeing a bearish divergence, in line with our bearish view. We are […]

  • GBPAUD is approaching support, potential rise!

    GBPAUD is approaching our first support at 1.8178 (horizontal swing low support, 38.2% Fibonacci retracement, 100% Fibonacci extension) and a strong bounce might occur above this level, pushing price up to our major resistance at 1.8465 (horizontal swing high resistance, 100% Fibonacci extension). Stochastic (89,5,3) is also approaching our support and a bounce off this […]

  • USDJPY is approaching resistance, potential drop!

    Price is approaching our first resistance at 109.73 (horizontal swing high resistance, 50% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 108.30 (horizontal swing low support, 23.6% Fibonacci retracement, 100% Fibonacci extension) which coincides with our short term ascending support line. Stochastic (55,5,3) is also […]

  • AUDNZD approaching support, potential bounce!

    AUDNZD is approaching our first support at 1.0671 (horizontal overlap support, 23.6% Fibonacci retracement). A strong bounce might occur above this level, pushing price up to our major resistance at 1.0794 (horizontal swing high resistance, 61.8% Fibonacci extension, 38.2%, 50% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure, in line with our […]

  • ASX testing resistance, potential drop!

    ASX is testing our first resistance at 5989.2 (horizontal swing high resistance, 76.4% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 5871.9 (horizontal swing low support, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also seeing a bearish divergence and is approaching our major resistance where […]

  • EUR/USD is testing different levels!

    We ponder which levels the EUR/USD pair is trying to test, and why GBP/USD has potential to go up.

  • Key economic events and reports of the upcoming week

    Monday, April 30, 2018 – Manufacturing PMI (Apr)(CNY). Pending Home Sales (MoM) (Mar)(USD).

  • Demand for safe havens declines in the wake of Korea ‘denuclearisation’ agreement

    DPRK leader Kim Jong Un and South Korean President Mun Zhe Ying signed a declaration on Friday, agreeing to work on a “full denuclearization” of the Korean peninsula.

  • Summary

    Today we are seeing a nice setup on EURJPY as it broke out of its short term ascending support line and is approaching our intermediate support. A breakout below that level might provide the bearish acceleration to our major support target. RSI is also seeing a bearish exit and bearish divergence, in line with our […]

  • USDCAD approaching resistance, potential drop!

    USDCAD is approaching our first resistance at 1.2944 (horizontal swing high resistance) and a strong reaction might occur below this level, pushing price down to our major support at 1.2817 (horizontal overlap support, 23.6% Fibonacci retracement). Stochastic (89) is also approaching major resistance and a reaction off that level might be a good precursor for […]

  • EURGBP approaching support, watch for potential bounce!

    Price is approaching our first support at 0.8687 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) and a strong bounce might occur above this level, pushing price up to our major resistance at 0.8749 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is approaching our major support where a […]

  • USDX testing resistance, potential drop!

    USDX is testing our first resistance at 91.68 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 91.00 (horizontal overlap support, 23.6% Fibonacci retracement). Stochastic (55,5,3) is also seeing a bearish divergence and is approaching its major resistance where […]

  • EURJPY broke out of support, further potential drop!

    EURJPY broke out of our short term ascending support-turned-resistance line and our support-turned resistance line at 132.15 (horizontal pullback resistance). A strong reaction might occur at this level, pushing price down to our major support at 130.78 (horizontal overlap support, 61.8% Fibonacci retracement). A breakout below our first support at 131.71 (horizontal pullback support, 38.2% […]

  • Bank of Japan Leaves Interest Rates Unchanged

    The Japanese economy hindered the determination of the Japanese central bank, which once again stood pat on any policy decision.

  • Summary

    Today we are seeing a nice setup on EURUSD as it is bouncing off our support, which coincides with a Fibonacci extension. Stochastic is also seeing a bullish divergence and is approaching support where we are expecting a rise in price should it bounce off this level. We are also seeing a nice set up […]