Filtered by date: 06.07.2018. Clear
  • What to expect with today’s NFP

    Data on the NFP will be made available today a few hours after the introduction of tariffs in the US and Beijing’s symmetric retaliation, which will collectively $ 34 billion worth of goods.

  • Summary

    Today we are seeing a nice setup on NZDUSD as it is approaching our first resistance which coincides with our Fibonacci retracement and Fibonacci extension where we expect a drop in price. We are also seeing a nice setup on USDCAD as it is approaching our first support which coincides with our long term ascending […]

  • CADJPY approaching support, potential bounce!

    CADJPY is broke out of our short term pullback support line and is approaching our first support at 83.85 (horizontal swing low support, 23.6% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 84.93 (78.6% Fibonacci retracement, 100% Fibonacci extension). Stochastic (34,5,3) is also approaching […]

  • EURJPY approaching resistance, potential drop!

    EURJPY is approaching our first support at 130.26 (horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement, short term descending resistance line) and a strong drop might occur below this level, pushing price down to our major support at 126.69 (horizontal swing low support, 100% Fibonacci extension, 61.8% fiboancci retracement). Stochastic (89,5,3) is also approaching […]

  • USDCAD approaching support, potential bounce!

    Price is approaching our first support at 1.3056 (horizontal pullback support, 61.8% Fibonacci extension, 23.6%, 38.2% Fibonacci retracement, short term ascending support line) and a strong bounce might occur above this level pushing price up to our major resistance at 1.3261 (horizontal pullback resistance, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also seeing a bullish divergence […]

  • NZDUSD approaching resistance, potential drop!

    Price is approaching our first resistance at 0.6832 (horizontal pullback resistance, 38.2%, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 0.6688 (horizontal swing low support, 61.8% Fibonacci extension). Stochastic (55,5,3) is also approaching resistance and we might see a corresponding […]