Filtered by date: 02.07.2018. Clear
  • Oil prices enter the red zone

    Oil prices entered the red zone on Monday following Trump’s insistent requests to raise OPEC production by another 2 million barrels, providing unexpected information on the additional supply growth which was previously not made available through the decision of OPEC.

  • Did gold finally find the support?

    We discuss what the gold is going to be up to next week and why the rate of USD/JPY will soon head down.

  • Summary

    Summary 1. Today we are seeing a nice setup on AUDNZD as it is approaching or first resistance which coincides with our Fibonacci retracement and Fibonacci extension where we expect a drop to occur below this level. Stochastic is also approaching support where we might see a potential drop in price should it react off […]

  • EURAUD approaching resistance, potential drop!

    EURAUD is approaching our first resistance at 1.5969 (horizontal pullback resistance, 76.4% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 1.5443 (horizontal swing low support, 61.8% Fibonacci extension, 76.4% Fibonacci retracement). A breakout below our intermediate support at 1.5645 (horizontal overlap support, 50% Fibonacci […]

  • USDJPY approaching resistance, potential drop!

    USDJPY is approaching our first resistance at 111.96 (horizontal pullback resistance, 61.8%, 100% Fibonacci extension, 78.6% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 109.31 (horizontal swing low support, 38.2%, 76.4% Fibonacci retracement). Stochastic (89,5,3) is also approaching our resistance line and we might […]

  • AUDNZD approaching resistance, potential drop!

    AUDNZD is approaching our first resistance at 1.0957 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 1.0775 (horizontal swing low support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (55,5,3) is approaching resistance we might see a […]

  • AUDUSD approaching resistance, potential drop!

    AUDUSD is approaching our first resistance at 0.7487 (horizontal pullback resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 0.7161 (horizontal swing low support, 100% Fibonacci extension, 76.4% Fibonacci retracement). A breakout below our intermediate support at 0.7325 (horizontal swing […]