Filtered by date: 31.05.2018. Clear
  • Italian turmoil ebbs, euro trims losses

    Asian stock markets rebounded from a two-month low on Thursday, while the euro is developing a correction upward amid a temporary truce of Italian political forces, weak US data and a unexpected surge in German inflation.

  • Will EUR/USD head North?

    We discuss why EUR/USD could head up and whether the European currency will keep going down.

  • Summary

    Today we are seeing a nice setup on CADJPY as it is approaching our resistance which coincides with a Fibonacci retracement and Fibonacci extension where we expect a drop in price. We are also seeing a nice setup on NZDUSD as it is approaching our first resistance where we expect a drop in price. Stochastic […]

  • EURCHF approaching resistance, potential drop!

    EURCHF is approaching our first resistance at 1.1530 (horizontal overlap resistance, 23.6% Fibonacci retracement) which coincides with our short term descending resistance line. A strong reaction might occur below this level pushing price down to our major support at 1.1367 (horizontal swing low support). RSI (55) is also approaching resistance where a reaction off this […]

  • NZDUSD approaching resistance, potential drop!

    NZDUSD is approaching our first resistance at 0.6993 (horizontal overlap resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level, pushing price down to our major support at 0.6886 (horizontal swing low support, 76.4% Fibonacci retracement). Stochastic (55,5,3) is also reacting off our resistance and we might see a […]

  • AUDUSD approaching resistance, potential drop!

    AUDUSD is approaching our first resistance at 0.7580 (horizontal swing high resistance, 78.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 0.7486 (horizontal swing low support, 61.8% Fibonacci retracement). Stochastic (34,5,3) is also reacting off our resistance and we might see […]

  • CADJPY approaching resistance, potential drop!

    CADJPY is approaching our first resistance at 85.06 (horizontal overlap resistance, 50% Fibonacci retracement, 61.8% Fibonacci retracement) and a strong reaction might occur below this level pushing price down to our major support at 83.07 (horizontal swing low support, 61.8% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line with our […]

  • A trade war between China and the US?

    Risks for the dollar appear to have increased markedly today following new threats for a trade war between China and the United States.

  • Summary

    Today we are seeing a nice setup on XAUUSD as it is testing our first resistance which coincides with our short-term descending resistance line where we expect price to drop below this level to our major support. RSI is also seeing a bearish exit in line with our bearish bias. We are also seeing a […]

  • CHFJPY is approaching resistance, potential drop!

    CHFJPY is approaching our first resistance at 109.69 (horizontal overlap resistance, 23.6%, 38.2% Fibonacci retracement) and price might potentially drop to our major support at 108.90 (horizontal swing low support, 61.8%, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. RSI is also approaching our major […]

  • CADCHF approaching resistance, potential drop!

    CADCHF is approaching our first resistance at 0.7668 (horizontal overlap resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 0.7565 (horizontal swing low support, 50% Fibonacci retracement). RSI (89) is also approaching our major resistance where we might see a […]

  • GBPJPY approaching support, potential bounce!

    GBPJPY is approaching our support at 143.08 (Horizontal overlap support, 78.6% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this leve, pushing price up to our resistance at 146.20 (horizontal pullback resistance, 100% Fibonacci extension, 50% Fibonacci retracement). Stochastic (55,5,3) is also seeing a bullish divergence and is approaching its support […]

  • XAUUSD approaching resistance, potential drop!

    XAUUSD is approaching our first resistance at 1304.00 (horizontal swing high resistance, short term descending resistance line, 78.6% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 1288.55 (horizontal swing low support, 76.4% Fibonacci retracement). A breakout below our intermediate support at 1297.49 (horizontal overlap support, […]

  • Investors looking for protection amidst Italian crisis

    Investors are looking for protection from the Italian crisis in US Treasury bonds: the yield on 10-year Treasury notes fell from the psychological mark of 3% to 2.83%.

  • Summary

    Today we are seeing a nice setup on AUDJPY as it is testing our resistance which coincides with a Fibonacci retracement and Fibonacci extension. RSI is also seeing a bearish exit in line with our bearish view. We are also seeing a nice setup on USDCHF as it is testing our resistance where we are […]