Filtered by date: 05.06.2018. Clear
  • Are AUD dynamics changing?

    Asian markets appear to have reached an equilibrium on Tuesday, as investors took a halt after the rally on Monday. Attention shifts to economic data and monetary decisions, while trade issues were promised to return to later.

  • Summary

    We see a nice set up today for AUDUSD as it reversed nicely off its channel resistance where it could potentially drop to its support. Stochastic has also reversed nicely off its resistance. Another nice set up today would be the NZDUSD where we see it testing its resistance, potentially causing a reaction and thus […]

  • NZDUSD approaching resistance, potential reversal!

    NZDUSD is approaching its resistance at 0.7053 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) a potential reaction may occur, causing price to drop to its support at 0.6968 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) Stochastic (89, 5, 3) reacted of its resistance at 97% where a similar drop could […]

  • EURJPY approaching resistance, potential reversal!

    EURJPY is approaching its resistance at 129.05 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance) where price could potentially react off, causing it to fall to its support at 125.16 (horizontal swing low support). Stochastic (34, 5, 3) is approaching its resistance at 95% where a corresponding reaction could occur. Trading CFDs on margin […]

  • AUDUSD reversed nicely from resistance, potential drop!

    AUDUSD reversed nicely from its resistance at 0.7662 (61.8% & 50% Fibonacci retracement, horizontal overlap resistance, channel resistance) where price could fall to its support at 0.7529 (76.4% & 61.8% Fibonacci retracement, horizontal overlap support). We do have to be cautious of the intermediate support at 0.7586 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap […]

  • CADJPY approaching resistance, potential reversal!

    CADJPY is testing its resistance at 85.04 (50% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse and fall to its support at 83.12 (horizontal swing low support). Stochastic (89, 5, 3) is testing resistance at 94% where a corresponding reaction could occur. Trading CFDs on margin carries high risk. Losses can exceed the […]