Filtered by date: 23.05.2018. Clear
  • Swiss franc and Japanese yen rise against the dollar

    Swiss franc and Japanese yen, the traditional safe heavens, rose against the dollar on Wednesday, as markets were swept by a wave of caution against the backdrop of Italian political trouble and the disruptive changes brought about by the historic meeting between the United States and Korea, as Trump hinted.

  • Summary

    Today we are seeing a nice setup on AUDUSD as it is testing our short term ascending support line which coincides with our first pullback support where a strong bounce might occur pushing price up to our major resistance. Stochastic is also approaching support and a bounce off this level might be a good precursor […]

  • GBPJPY dropped perfectly, potential for further bearish movement

    GBPJPY dropped perfectly from our resistance and has reacted off our first resistance at 148.43 (horizontal overlap resistance) and a strong reaction might occur causing price to drop to our major support at 147.14 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. RSI (89) […]

  • CHFJPY approaching support, watch for potential breakout!

    CHFJPY broke out of our short term ascending support-turned-resistance line and is approaching our first support at 111.21 (horizontal overlap support, 23.6% Fibonacci retracement). A breakout below this level might trigger a strong reaction and push price down to our major support at 110.76 (horizontal swing low support, 38.2% Fibonacci retracement). Ichimoku cloud is also […]

  • CADCHF approaching support, potential bounce!

    CADCHF is approaching our first support at 0.7716 (horizontal swing low support, 23.6% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 0.7818 (horizontal swing high resistance, 76.4% Fibonacci retracement). Stochastic is also approaching our major support and a bounce off this level might be […]

  • AUDUSD is approaching support, potential bounce!

    AUDUSD is approaching our first support at 0.7542 (horizontal pullback support, short term ascending support line, 61.8% Fibonacci retracement) where a strong bounce might occur above the level pushing price up to our major resistance at 0.7599 (horizontal swing high resistance, 100% Fibonacci extension, 50% Fibonacci retracement). Stochastic (21,5,3) is also approaching support and a […]