Filtered by date: 23.07.2018. Clear
  • USDCNY renewed rally on Monday

    USDCNY renewed rally on Monday, despite the Chinese saying that they will not be using a weak yuan to support exporters. It seems that even verbal intervention could not help stop the fall of the yuan.

  • Summary

    We see a nice set up today for NZDUSD as it has reacted off its descending channel resistance and we look to see it fall to its major support. Another nice set up today would be CADJPY where it has reversed off its resistance and we look for it to fall further to its support. […]

  • AUDJPY Approaching Support, Potential Bounce!

    AUDJPY is approaching its support at 82.11 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce up to its resistance at 83.26 (61.8% Fibonacci retracement, horizontal overlap resistance). Stochastic (89, 5, 3) is approaching its support at 1.36% where a corresponding bounce could occur. Trading CFDs on margin carries high […]

  • NZDUSD Reversed Off Descending Channel Resistance!

    NZDUSD reversed off at its resistance area at 0.68315 (100% & 61.8% Fibonacci extension, 76.4%F Fibonacci retracement, horizontal swing high resistance, descending channel resistance) where it could potentially fall to its support at 0.6774 (50% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) has reversed off its resistance at 95% where a corresponding drop […]

  • USDJPY approaching support, potential bounce!

    USDJPY is approaching our first support at 111.25 (horizontal pullback support, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong bounce could occur pushing price up to our resistance at 114.86 (horizontal swing high resistance, 100%, 61.8% Fibonacci extension, 76.4% Fibonacci retracement). RSI (34) is approaching support where we might see a corresponding rise in […]

  • CADJPY approaching resistance, potential drop!

    CADJPY is approaching our first resistance at 85.79 (horizontal overlap resistance, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) where a strong reaction might occur below this level pushing price down to our major support at 82.33 (horizontal swing low support, 61.8%, 100% Fibonacci extension, 76.4% Fibonacci retracement). A breakout below our intermediate support at 83.29 (horizontal […]

  • What is USD/JPY up to?

    We discuss what Japanese yen and oil are up to.