Filtered by date: 05.07.2018. Clear
  • The tariff war game is strong

    Chinese authorities reacted immediately after US’ tariff threats warning that Beijing will be taking retaliatory measures against imposed tariffs. The exchange of threats between the two largest economies is yet to stir uncontrollable panic, but it is likely that this calmness will only last until the first issues in the macroeconomic data

  • Summary

    Today we are seeing a nice setup on EURGBP as it is approaching our first resistance where we expect a drop below that level to our major support which coincides with the long term ascending support line. GBPUSD as it is approaching our resistance and we are expecting a drop below that level. Here are […]

  • GBPUSD approaching resistance, potential drop!

    GBPUSD is approaching our first resistance at 1.3264 (horizontal overlap resistance, 50% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 1.3104 (horizontal overlap support, 61.8% Fibonacci extension, 76.4% Fibonacci retracement). Stochastic (89, 5, 3) is also reacting off our resistance and […]

  • AUDNZD approaching resistance, potential drop!

    AUDNZD is approaching our first support at 1.0894 (horizontal overlap support) and a breakout might occur below this level pushing price down to our major support at 1.0830 (horizontal overlap support, 61.8% Fibonacci extension, 50% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. RSI (34) is […]

  • EURAUD approaching resistance, potential drop!

    Price is approaching our first resistance at 1.5958 (horizontal overlap resistance, 76.4%, 78.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 1.5618 (horizontal overlap support, 50% Fibonacci retracement). RSI (55) is also seeing a bearish exit and we might see a […]

  • EURGBP approaching resistance, potential drop!

    Price is approaching our first resistance at 0.8833 (horizontal overlap resistance, 38.2% Fibonacci retracement) and a strong reaction might occur below this level pushing price down to our major support at 0.8773 (horizontal overlap support, 100% Fibonacci extension, 61.8% Fibonacci retracement, long term ascending support line). Ichimoku cloud is also showing signs of bearish pressure […]