Filtered by date: 11.05.2018. Clear
  • Dollar Slumps on Downbeat Inflation Data

    Soft inflation data in the US weakened the greenback, although not as much as expected.

  • Summary

    Today we are seeing a nice setup on USDJPY as it is approaching our short term ascending support line and we are expecting a bounce off that level. RSI is also approaching our support and we might see a corresponding rise in price should it bounce off that level. We are also seeing a nice […]

  • AUDNZD approaching resistance, potential drop!

    AUDNZD is approaching our first resistance at 1.0842 (horizontal swing high resistance, 61.8% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 1.066 (horizontal overlap support, 50% Fibonacci retracement). A breakout below our intermediate support at 1.075 (horizontal pullback support, 23.6% , 50% Fibonacci retracement) […]

  • AUDJPY approaching resistance, potential drop!

    Price is approaching our first resistance at 82.59 (horizontal swing high resistance, 50% Fibonacci retracement) and a strong drop might occur below this level, pushing price down to our major support at 81.19 (horizontal swing low support, 61.8% Fibonacci extension, 78.6% Fibonacci retracement). A breakout below our intermediate support at 81.98 (horizontal overlap support, 38.2% […]

  • USDJPY approaching support, potential bounce!

    Price is approaching our first support at 109.24 (horizontal overlap support, short term ascending support line, 61.8% Fibonacci retracement). A strong bounce might occur above this level, pushing price up to our major resistance at 110.33 (horizontal overlap resistance, 61.8% Fibonacci retracement). A breakout above our intermediate resistance at 109.97 (horizontal swing high resistance, 50% […]

  • XAUUSD approaching resistance, potential drop!

    Price is approaching our first resistance at 1325.87 (horizontal swing high resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension) and a strong drop might occur below this level, pushing price down to our major support at 1302.72 (horizontal swing low support). Stochastic (89,5,3) is also approaching our major resistance where a reaction off this level might […]