Filtered by date: 16.07.2018. Clear
  • Markets brace themselves in anticipation of Trump and Putin’s meeting in Helsinki

    The main story in last week’s headlines – the US-China trade spat – receded on Monday as the Chinese stock market turned the focus to economy data, while foreign investors are bracing for the results of the meeting between Trump and Putin in Helsinki.

  • Summary

    Today we are seeing a nice setup on USDCAD as it is approaching our first resistance and we expect a drop below this level. We are also seeing a nice setup on USDX as it is approaching our first resistance where we expect a further drop below this level. Here are some of our nice […]

  • USDX approaching resistance, potential drop!

    USDX is approaching our first resistance at 95.14 (horizontal overlap resistance, 76.4% Fibonacci retracement, 61.8% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 94.10 (horizontal swing low support, 61.8% Fibonacci extension, 76.4% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might see […]

  • GBPAUD approaching support, potential bounce!

    GBPAUD is approaching our first support at 1.7706 (horizontal overlap support, 50% Fibonacci retracement, 100% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 1.8242 (horizontal swing high resistance, 100% Fibonacci extension, 76.4% Fibonacci retracement). A breakout above our intermediate resistance at 1.7976 (horizontal swing […]

  • USDCHF approaching support, potential bounce!

    USDCHF is approaching our first support at 0.9984 (horizontal pullback support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.0069 (horizontal swing high resistance, 100% Fibonacci extension, 76.4% Fibonacci retracement). RSI is also seeing approaching our major support where a […]

  • USDCAD approaching resistance, potential drop!

    Price is approaching our first resistance at 1.3221 (horizontal swing high resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 1.3051 (horizontal pullback support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension). RSI (55) is also approaching our resistance and we might […]

  • Is Franc going down?

    We discuss whether USD/CHF will head South and what may happen with the index S&P500.