Filtered by date: 11.07.2018. Clear
  • Summary

    Today we are seeing a nice setup on AUDUSD as it is approaching resistance where we expect a further drop below this level. Stochastic is also reacting off its resistance in line with our bearish bias. We are also seeing a nice setup on EURJPY where it is approaching our resistance where we might see […]

  • EURJPY approaching resistance, potential drop!

    EURJPY is approaching our first resistance at 131.36 (horizontal swing high resistance, 50%, 76.4% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 127.59 (horizontal swing low support, 61.8% Fibonacci extension, 78.6% Fibonacci retracement). Stochastic (55,5,3) is also approaching our resistance and […]

  • AUDUSD approaching resistance, potential drop!

    AUDUSD is approaching our first resistance at 0.74632 (horizontal overlap resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 0.7311 (horizontal swing low support). Stochastic (89,5,3) is also approaching our resistance and a reaction below this level might see a […]

  • AUDJPY approaching support, potential bounce!

    Price is approaching our first support at 82.10 (horizontal pullback support, 100% Fibonacci extension , 38.2% Fibonacci retracement , short term ascending support line) where a strong bounce might occur above this level pushing price up to our major resistance at 83.18 (horizontal swing high resistance 61.8% Fibonacci extension , 61.8% Fibonacci retracement ). Stochastic […]

  • NZDJPY approaching resistance, potential drop!

    Price is approaching our first resistance at 76.17 (horizontal swing high resistance, 38.2%, 50% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong reaction might occur below this level pushing price down to our major support at 74.91 (horizontal pullback support, 100% Fibonacci extension ). Stochastic (55,5,3) is also reacting off resistance where we […]

  • Are tariffs a real threat or are they a bluff?

    US stock indices closed in positive territory on Tuesday (S&P 500 + 0.58%, DOW + 0.35%), with traders focusing on the corporate earnings report to be released on Friday.