Filtered by date: 08.05.2018. Clear
  • Oil Fell as Investors Await Trump’s Decision on the Iran Nuclear Deal

    Oil prices gave up some of Monday’s gains after rising to a three-and-a-half-year peak, as investors are preparing for Trump’s decision on a nuclear deal with Iran, which could cause a sharp reduction of supply in the oil market.

  • Summary

    Today we are seeing a nice setup on EURJPY as it broke its support-turned-resistance level and is testing it. We expect a strong reaction to occur below this level, pushing price down to our major support. RSI is also facing bearish pressure, in line with our bearish bias. We are also seeing a nice setup […]

  • ETHUSD broke out of resistance, further potential rise!

    ETHUSD is testing our resistance-turned-support at 739.87 (horizontal overlap support) and a strong bounce might occur above this level, pushing price up to our major resistance at 807.35 (horizontal overlap resistance, 78.6% Fibonacci retracement, 61.8% Fibonacci extension). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias. RSI (34) is […]

  • EURCHF approaching support, potential bounce!

    EURCHF is approaching our first support at 1.1950 (horizontal swing low support, short term ascending support line). A strong bounce might occur above this level, pushing price up to our major resistance at 1.1979 (horizontal swing high resistance, 61.8% Fibonacci extension, 76.4% Fibonacci retracement). Stochastic is also approaching our major resistance and we might see […]

  • EURJPY approaching resistance, potential drop!

    Price is testing our first resistance at 129.96 (horizontal overlap resistance, 161.8% Fibonacci extension, Elliot wave structure). A strong reaction might occur below this level, pushing price down to our major support at 129.07 (horizontal swing low support, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bearish pressure, in line with our bearish […]

  • EURGBP approaching support, potential bounce!

    Price is approaching our first support at 0.8766 (horizontal swing low support, 50%, 61.8%, 100% Fibonacci extension, 50% Fibonacci retracement) and a strong bounce might occur above this level, pushing price up to our major resistance at 0.8833 (horizontal swing high resistance, 61.8% Fibonacci retracement). Stochastic is also approaching support which might be a good […]