Filtered by date: 02.05.2018. Clear
  • Is Dollar creating additional inflation risks?

    The strengthening trend of the US Dollar met resistance just above the 92.00 level, during the New York session. This happened after Tier 1 news fell short of investors’ expectations.

  • Summary

    Today we are seeing a nice setup on USDX as it is approaching our major resistance and we are expecting a drop below this level. Stochastic is also seeing a bearish divergence, in line with our bearish bias. We are also seeing a nice setup on XAUUSD as it broke out of our resistance-turned-support and […]

  • USDX reacting off resistance, further potential drop!

    Price is reacting off our first resistance at 92.54 (horizontal overlap resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 91.78 (horizontal overlap support, 61.8% Fibonacci extension, 23.6% Fibonacci retracement). Stochastic (89,5,3) is also seeing a bearish divergence and is reacting […]

  • XAUUSD testing support, potential rise!

    Price is testing our first support at 1307.36 (horizontal overlap resistance). A strong bounce might occur above this level, pushing price up to our major resistance at 1325.27 (horizontal swing high resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement, Elliot wave structure). A breakout above our intermediate resistance at 1320.60 (horizontal overlap resistance) might provide the […]

  • EURJPY approaching resistance, potential drop!

    EURJPY is approaching our first resistance at 131.86 (horizontal pullback resistance) and a strong reaction might occur at this level, pushing price down to our major support at 130.91 (horizontal pullback support, 100% Fibonacci extension, 76.4% Fibonacci retracement). A breakout below our intermediate support level at 131.58 (horizontal overlap support, 61.8% Fibonacci extension) might provide […]

  • EURAUD testing support, watch for breakout, potential drop!

    EUAUD has broke out of our short term ascending support line and is testing our first support at 1.600 (horizontal swing low support, 38.2% Fibonacci retracement). A breakout below this level might trigger a strong reaction, pushing price down to our major support at 1.5961 (horizontal pullback support, 61.8% Fibonacci extension, 50%, 61.8% Fibonacci retracement). […]