Filtered by date: 10.05.2018. Clear
  • Oil prices hit record highs on looming sanctions on Iran

    Oil prices renewed their peaks as investors are trying to gauge the effect of imposing new sanctions on Iran, predicting an increasing fall in exports.

  • Summary

    Today we are seeing a nice setup on EURAUD as it is approaching our major support which coincides with a Fibonacci retracement and Fibonacci extension where we are expecting a strong bounce above that level. Similarly, we are seeing a nice setup on EURGBP as it is approaching our first support which coincides with a […]

  • EURAUD approaching support, potential bounce!

    EURAUD is approaching our first support at 1.5859 (horizontal swing low support, 78.6% Fibonacci retracement, 100% Fibonacci extension). A strong reaction could occur above this level, pushing price up to our major resistance at 1.6061 (horizontal overlap resistance, 61.8% Fibonacci extension, 76.4% Fibonacci retracement). A breakout above our intermediate resistance at 1.5962 (horizontal overlap resistance, […]

  • GBPJPY is approaching resistance, potential drop!

    GBPJPY is approaching our first resistance at 149.23 (horizontal swing high resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 147.11 (horizontal swing low support, 76.4% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance where a reaction off this level might […]

  • AUDJPY approaching resistance, potential drop!

    AUDJPY is approaching our first resistance at 81.96 (horizontal overlap resistance, 100% FibonaccI extension) 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 81.14 (horizontal swing low support). Stochastic (34,5,3) is also approaching our major resistance where a reaction […]

  • EURGBP testing support, potential bounce!

    Price is testing our first support at 0.8737 (horizontal overlap support, 50%, 61.8% Fibonacci retracement, 100% Fibonacci extension). A strong bounce might occur above this level, pushing price up to our major resistance at 0.8828 (horizontal swing high resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (55,5,3) is seeing a bullish divergence and approaching support […]