Filtered by date: 25.05.2018. Clear
  • British households reduced consumer spending amidst reduced capital investment from firms

    British households reduced consumer spending while firms appear to have reduced capital investment, showed data for the first quarter confirming that the harsh end of winter was an obstacle to the expansion of economic activity.

  • Summary

    Today we are seeing a nice setup on AUDUSD as it is testing our short term ascending support line and we are expecting a breakout below this level. We are also seeing a nice setup XAUUSD as it is testing our first resistance which coincides with our short term descending resistance line, where we are […]

  • XAUUSD approaching resistance, potential drop!

    XAUUSD is approaching our first resistance at 1304.16 (horizontal pullback resistance, 50% Fibonacci retracement, 100% Fibonacci extension) where price might potentially drop to our major support at 1283.99 (horizontal swing low support). Stochastic (21,5,3) is also approaching our resistance and a reaction off this level might be a good precursor for a potential drop in […]

  • CADJPY broke out of support, further potential drop!

    CADJPY broke out of its short term ascending support line and is testing our first resistance at 85.13 (horizontal overlap resistance) and a strong reaction might occur below this level pushing price down to our major support at 80.58 (horizontal swing low support). RSI is also seeing a bearish exit and Ichimoku cloud is showing […]

  • XAGUSD approaching resistance, potential drop!

    XAGUSD is approaching our first resistance at 16.83 (horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where price might potentially drop to our major support at 16.33 (horizontal swing low support). Stochastic (55,5,3) is also testing our resistance and a reaction off this level might be a good precursor for a potential drop […]

  • AUDUSD broke out of support, further potential drop!

    AUDUSD broke out of our short term ascending support line and is testing our first resistance at 0.7567 (horizontal overlap resistance, 61.8% Fibonacci retracement) where a strong reaction might occur below this level, pushing price down to our first support at 0.7525 (horizontal swing low support, 50% Fibonacci retracement). A breakout below our short term […]