Filtered by date: 14.05.2018. Clear
  • Weak Consumer Inflation Data Weigh on the Dollar

    The US dollar tumbled in the second part of last week and continued to develop a correction on Monday after the market was upset by weak data on consumer inflation in the US released last week.

  • Is S&P 500 about to go up?

    We discuss the future course of the US S&P 500 index and EURCAD.

  • Summary

    We are seeing a nice setup on USDCAD as it is testing our first resistance and we expect price to drop to our major support target. Ichimoku cloud is also seeing signs of bearish pressure, in line with our bearish bias. XAUUSD is also approaching our major resistance and descending resistance line where we expect […]

  • CADCHF approaching support, potential bounce!

    CADCHF is approaching our first support at 0.7758 (horizontal overlap support, 61.8% Fibonacci extension, 23.6% Fibonacci retracement). A strong bounce might occur above that level, pushing price up to our major resistance at 0.7910 (horizontal swing high resistance, 61.8%, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bullish pressure, in line with our […]

  • USDCAD approaching resistance, potential drop!

    USDCAD is approaching our first resistance at 1.2814 (horizontal overlap resistance, 23.6% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 1.2647 (horizontal overlap support, 76.4% Fibonacci retracement, 61.8% Fibonacci extension). A breakout below our intermediate support at 1.2730 (horizontal swing low support) might provide the […]

  • EURCHF approaching resistance, potential drop!

    EURCHF is approaching our first resistance at 1.1955 (horizontal swing high resistance, 78.6% 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 1.1898 (horizontal overlap support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (55,5,3) is also approaching […]

  • XAUUSD approaching resistance, potential drop!

    XAUUSD is approaching our first resistance at 1325.87 (horizontal swing high resistance, 100% Fibonacci extension, 38.2% 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 1302.72 (horizontal swing low support, 161.8% Fibonacci retracement). A breakout below our […]