Filtered by date: 04.06.2018. Clear
  • Euro rises against the Dollar following NFP report

    The common currency rose against the dollar despite upbeat NFP report released last Friday: unemployment in the US renewed the record falling to 3.8%, wage growth more than justified the forecasts, the level of labor participation decreased, which exerted less pressure on wages.

  • Will S&P 500 head up if USD/CAD goes down?

    We discuss what USD/CAD is up to and where American index S&P 500 might be heading next.

  • Summary

    We see a nice set up today for EURGBP as it bounced nicely off its support where it could potentially rise to its resistance. Stochastic saw a similar bounce off its support. Another nice set up today would be the SPX500 where we see it testing its resistance, potentially causing a reaction and thus pushing […]

  • BCOUSD approaching support, potential bounce!

    BCOUSD is approaching support at 76.27 (100% Fibonacci extension, 61.8% Fibonacci retracement, Elliot Wave structure) where it could potentially bounce off from and rise to its resistance at 78.38 (61.8% Fibonacci retracement, horizontal overlap resistance). Stochastic (55, 5, 3) is approaching its support at 5.17% where a corresponding bounce could occur. Trading CFDs on margin […]

  • SPX500 testing resistance, potential reversal!

    SPX500 is testing its resistance at 2739 (76.4% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse, causing price to fall to its major support at 2679 (38.2% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) is testing its resistance at 97% where a corresponding reaction could occur. Trading CFDs on margin carries […]

  • EURGBP bounced nicely off support, potential to rise further!

    EURGBP bounced nicely from its support at 0.8726 (76.4% Fibonacci retracement, 38.2% Fibonacci retracement, horizontal overlap support) where price could potentially rise further to its resistance at 0.8795 (61.8% Fibonacci extension, horizontal overlap resistance). We do have to be cautious of the intermediate resistance at 0.8759 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance). […]

  • CADJPY approaching resistance, potential reversal!

    CADJPY is approaching its resistance at 84.94 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where a potential react could occur, causing price to fall to its support at 80.58 (horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 94% where a corresponding reaction could occur. Trading CFDs on margin […]