Filtered by date: 13.07.2018. Clear
  • The PBOC attempts to keep CNY/Gold rate fixed while the dollar grows

    Starting from the beginning of 2018, the exchange rate of CNYUSD and the gold bear have a great resemblance, i.e. gold repeats the slump of Yuan.

  • Summary

    Today we are seeing a nice setup on USDCHF as it is approaching our first resistance and we expect a drop below this level. We are also seeing a nice setup on DXY as it is approaching our first resistance which coincides with our Fibonacci retracement and Fibonacci extension and we expect a drop below […]

  • EURUSD approaching resistance, potential drop!

    EURUSD is approaching our first resistance at 1.1693 (horizontal overlap resistance, 38.2% Fibonacci retracement) where a strong reaction might occur below this level pushing price down to our major support at 1.1597 (horizontal overlap support, 100% Fibonacci extension, 76.4% Fibonacci retracement). RSI (55) is also seeing a bearish exit and we might see a corresponding […]

  • CHFJPY approaching support, potential bounce!

    CHFJPY is approaching our first support at 112.27 (horizontal overlap support, 23.6% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 113.52 (horizontal swing high resistance, 100% Fibonacci extension, 50% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure in line with our […]

  • USDX approaching resistance, potential drop!

    USDX is approaching our first resistance at 95.09 (horizontal overlap resistance, 38.2%, 76.4% Fibonacci retracement, 61.8%, 100% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 94.45 (horizontal overlap support, 50% Fibonacci retracement). RSI (34) is also approaching resistance where we might see a corresponding […]

  • USDCHF approaching resistance, potential drop!

    Price is approaching our first resistance at 1.0055 (horizontal swing high resistance, 76.4% Fibonacci retracement, 100% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 0.9918 (horizontal swing low support, 76.4% Fibonacci retracement, 100% Fibonacci extension). A breakout below our intermediate support at 0.9986 (horizontal […]