Filtered by date: 17.07.2018. Clear
  • An overview of the oil market, US stocks and UK labor statistics

    Asian stock markets declined on Tuesday partly due to the drop in the energy market, from where the rout spread to Asian energy sector.

  • Summary

    Today we are seeing a nice setup on USDCAD as it is approaching our first support where we expect a bounce above this level. We are also seeing a nice setup on EURAUD as it is approaching resistance where we are expecting a drop below this level. Here are some of our nice calls previously: […]

  • AUDUSD approaching support, potential bounce!

    AUDUSD is approaching our first support at 0.7400 (horizontal swing low support, 50% Fibonacci retracement, short term ascending support line) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7469 (horizontal swing high resistance, 61.8%, 100% Fibonacci extension). Stochastic (34,5,3) is also approaching our support where a […]

  • EURAUD approaching resistance, potential drop!

    EURAUD broke out of our short term ascending support-turned-resistance line and is approaching our first resistance at 1.5885 (horizontal swing high resistance, 100% Fibonacci extension) where price might potentially drop to our major support at 1.5653 (horizontal overlap support, 38.2% Fibonacci retracement). A breakout of our intermediate support at 1.57 09 (horizontal swing low support) […]

  • USDCHF approaching support, potential bounce!

    USDCHF is approaching our first support at 0.9963 (horizontal overlap support, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.0067 (horizontal swing high resistance, 61.8% Fibonacci extension). Stochastic (55,5,3) is also approaching our major support where a bounce off this […]

  • USDCAD approaching support, potential bounce!

    Price is approaching our first support at 1.3070 (horizontal overlap support, 23.6%, 38.2% Fibonacci retracement) and a strong bounce might occur below this level pushing price up to our major resistance at 1.3321 (horizontal swing high resistance, 61.8% Fibonacci extension, 78.6% Fibonacci retracement). RSI (89) is also seeing a bullish exit and we might see […]