Filtered by date: 01.06.2018. Clear
  • Hiring in the US accelerated in May due to the improved weather

    Hiring in the US likely accelerated in May due to the improved weather fostered demand for labor in the construction sector.

  • Summary

    We see a nice set up today for BCOUSD where it reversed nicely at its 1st resistance. Price could rise back to its 1st resistance before falling back down to its major support. We have also identified a bearish exit in its RSI which contributes to our bearish bias. We also see AUDUSD reversing nicely […]

  • EURAUD approaching resistance, potential reversal!

    EURAUD is approaching its resistance at 1.5498 (61.8% Fibonacci retracement, 23.6% Fibonacci retracement, horizontal overlap resistance) where it could potentially fall to its major support at 1.5375 (61.8% Fibonacci retracement). Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reaction could occur. Trading CFDs on margin carries high risk. Losses can […]

  • AUDUSD approaching resistance, potential reversal!

    AUDUSD is approaching its 1st resistance at 0.7606 (50% Fibonacci retracement, 38.2% Fibonacci retracement, 23.6% Fibonacci retracement, 100% Fibonacci extension) where it could potentially react off, causing it to fall to its major support at 0.7483 (100% Fibonacci extension, 61.8% Fibonacci retracement, 76.4% Fibonacci retracement, horizontal overlap support). Stochastic (89, 5, 3) is approaching its […]

  • XAUUSD breaking out of ascending support line, potential drop!

    XAUUSD has made a slight breakout of its ascending support line. If it breaks past its 1st support at 1297 (38.2% Fibonacci retracement, horizontal overlap support), it could be a confirmation of a further move downwards to its major support at 1288 (76.4% Fibonacci retracement, horizontal swing low support). RSI (34) is being held up […]

  • BCOUSD reversed off resistance, potential further drop!

    BCOUSD reversed nicely off its resistance at 78.43 (61.8% Fibonacci retracement, horizontal overlap resistance) where price could potentially drop further to its major support at 76.38 (61.8% Fibonacci retracement, horizontal pullback support). RSI (55) has made a bearish exit from its ascending support turned resistance line which contributes to our bearish bias. Trading CFDs on […]