Filtered by date: 18.07.2018. Clear
  • Dollar rallies following US Fed Chairman’s Congress statements

    It is evident that the dollar has left behind its peers in the race , while the the spread between Treasury bonds sunk to new lows following Fed Chairman Powell’s composed position before the Congress, where he said that the US economy is expected to grow steadily in future years.

  • Summary

    Today we are seeing a nice setup on USDJPY as it is approaching our first resistance where we expect a drop to occur below this level. We are also seeing a nice setup on CHFJPY as it is approaching resistance where we are expecting a drop to occur below this level. Here are some of […]

  • USDJPY approaching resistance, potential drop!

    Price is approaching our first resistance at 113.36 (horizontal swing high resistance, 61.8% Fibonacci retracement) where a strong reaction might occur below this level pushing price down to our major support at 111.36 (horizontal pullback support, 23.6%, 50% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (34,5,3) is also seeing a bearish divergence an is reacting off […]

  • CHFJPY approaching resistance, potential drop!

    CHFJPY is approaching our first resistance at 113.32 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where price might potentially drop to our major support at 111.26 (horizontal swing low support, 61.8% Fibonacci retracement, 100% Fibonacci extension). Stochastic (55,5,3) is also seeing a bearish divergence and is approaching resistance and we might see a […]

  • GBPCHF approaching support, potential bounce!

    Price is approaching our first support at 1.3023 (horizontal swing low support, 38.2% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.3270 (horizontal swing high resistance, 100% Fibonacci extension). Stochastic (55,5,3) is also approaching our major support where a bounce off […]

  • USDCHF approaching support, potential bounce!

    Price is approaching our first support at 0.9990 (horizontal pullback support, 23.6% Fibonacci retracement) and a strong bounce might occur below this level pushing price up to our major resistance at 1.0059 (horizontal swing high resistance, 61.8%, 100% Fibonacci extension). RSI (89) is also approaching support where we might see a corresponding rise in price […]