Filtered by date: 03.07.2018. Clear
  • A limited retread for the dollar

    The dollar gave way to other majors on Tuesday, but its retreat was limited due to a temporary reawakening of the appetite for risk on the markets.

  • Summary

    1. Today we are seeing a nice setup on GBPJPY as it is approaching or first resistance which coincides with our Fibonacci retracement and Fibonacci extension and our short term descending resistance line where we expect a drop to occur below this level. Stochastic is also approaching support where we might see a potential drop […]

  • GBPJPY approaching resistance, potential drop!

    GBPJPY is approaching our first resistance at 146.49 (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension, short term descending resistance line) and a strong reaction might occur below this level, pushing price down to our major support at 143.75 (horizontal swing low support, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching resistance and we […]

  • AUDJPY approaching resistance, potential drop!

    AUDJPY is approaching our first resistance at 82.13 (horizontal swing high resistance, 61.8%, 100% Fibonacci extension, 38.2% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 80.48 (horizontal swing low support). A breakout below our intermediate support at 80.81 (horizontal swing low support, 100% Fibonacci […]

  • USDCAD approaching resistance, potential drop!

    Price is approaching our first resistance at 1.3261 (horizontal overlap resistance, 50% Fibonacci retracement) where a strong reaction might occur below this level pushing price down to our major support at 1.3056 (horizontal pullback support, 38.2% Fibonacci retracement, short term ascending support line). Ichimoku cloud is also showing signs of bearish pressure in line with […]

  • USDJPY approaching resistance, potential drop!

    USDJPY is approaching our first resistance at 112.00 (horizontal pullback resistance, 76.4% Fibonacci retracement, 61.8%, 100% Fibonacci extension, long term descending resistance line) and a strong reaction might occur below this level pushing price down to our major support at 109.21 (horizontal swing low support, 38.2%, 76.4% Fibonacci retracement). Stochastic (55,5,3) is approaching its resistance […]