Filtered by date: 16.05.2018. Clear
  • Dollar confused despite yesterday’s rise in US yields

    Based on the current information, background and the price action of the dollar, there is a growing likelihood of downside shift in risks. Cautious longs are recommended.

  • Summary

    We caught the drop perfectly for EURCHF! Bagging a super healthy risk : reward of 1:5! We also caught the drop perfectly on XAUUSD bagging a really healthy risk : reward of 1:3

  • CADCHF dropping nicely, potential for further drop!

    CADCHF has broken major support-turned-resistance level at 0.7809 (Fibonacci retracement, horizontal overlap resistance) and remains below our Ichimoku cloud signalling that there is bearish momentum. Our next resistance is at 0.7830 which is above our 61.8% Fibonacci retracement and also at a swing high resistance. Price could potentially drop all the way to major support […]

  • EURAUD testing major support, prepare for a potential bounce!

    EURAUD is testing major support at 1.5772 (long term ascending support line, Fibonacci retracement, horizontal overlap support, Fibonacci extension) and a strong bounce could occur at this level pushing price all the way up to major resistance at 1.6137 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance). We identified second support at 1.5632 which is […]

  • GBPJPY testing major resistance, potential drop!

    GBPJPY is testing major resistance at 149.18 (Fibonacci retracement, bearish divergence, horizontal overlap resistance) and a strong drop could occur at this level to push price all the way down to major support at 147.50 (Fibonacci retracement, horizontal swing low support, Fibonacci extension). Stochastic (89,5,3) is also seeing major resistance below 96% where a corresponding […]

  • USDJPY in a strong ascending channel, potential for further rise!

    USDJPY remains in a strong ascending channel and is also above our Ichimoku cloud signalling that there’s strong bullish momentum. Price could potentially drop to our first major support at 109.98 (Fibonacci retracement, Fibonacci extension, horizontal pullback support) for a bounce to at least 110.86 resistance (major 61.8% Fibonacci retracement). RSI (89) has made a […]