Filtered by date: 31.07.2018. Clear
  • BoJ July meeting review

    Evidently having learnt from the Fed’s 2013 experience, the Japanese regulator was very cautious in its policy updates today.

  • Summary

    Today we are seeing a nice setup on AUDCAD as it is approaching resistance where we are expecting a drop below that level. We are also seeing a nice setup on USDCHF as it is approaching support where we are expecting a bounce above this level. 1. CADCHF dropped perfectly to hit our major support […]

  • AUDCHF approaching support, potential bounce!

    Price is approaching our first support at 0.7316 (Horizontal swing low support, 76.4% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7392 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8%, 100% Fibonacci extension). Stochastic (55,5,3) is also approaching support and a […]

  • USDCHF approaching support, potential bounce!

    Price is approaching our first support at 0.9857 (Horizontal swing low support, 76.4% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 0.9904 (horizontal pullback resistance, 23.6%, 38.2% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (55,5,3) is also approaching support and a bounce off this level […]

  • AUDCAD approaching resistance, potential drop!

    AUDCAD is approaching our first resistance at 0.97072 (horizontal overlap resistance, 50%, 38.2% Fibonacci retracement, 100% Fibonacci extension) where price might potentially drop to our major support at 0.9633 (horizontal swing low support, 78.6% Fibonacci retracement). Stochastic (21,5,3) is also approaching resistance and we might see a corresponding drop in price. Trading CFDs on margin […]

  • EURCAD approaching resistance, potential drop!

    Price is approaching our first resistance at 1.5321 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong reaction might occur below this level, pushing price down to our major support at 1.5173 (horizontal swing low support, 61.8%, 100% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (55,5,3) is also approaching our resistance and a […]