Filtered by date: 31.08.2018. Clear
  • Trump’s tariffs spark new wave of global uncertainty

    Asian markets lost ground on Friday amid reports that Trump is ready to open a new chapter in the trade war with China. Chinese stocks were also in the red, eliminating any modest achievements made this week.

  • GBPJPY approaching resistance, potential drop!

    GBPJPY is approaching our first resistance at 145.45 (horizontal overlap resistance, 61.8% Fibonacci retracement, 100 Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 142.84 (horizontal swing low support, 50% Fibonacci retracement). Stochastics (89,5,3) is also reacting off resistance and a reaction below this level […]

  • EURUSD approaching resistance, potential drop!

    EURUSD is approaching our first resistance at 1.17445 (horizontal swing high resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 1.1529 (horizontal swing low support, 50% Fibonacci retracement). Stochastics (89,5,3) is approaching resistance where a reaction off this level might […]

  • AUDUSD approaching support, potential bounce!

    AUDUSD is approaching our first support at 0.7244 (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 0.7312 (horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastics (89,5,3) is also seeing a bullish divergence and approaching support and a […]

  • AUDCAD approaching resistance, potential drop!

    AUDCAD is approaching our firsts resistance at 0.9471 (horizontal overlap resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension, Elliot wave structure) where a strong drop might occur below this level pushing price down to our major support at 0.9332 (100% Fibonacci extension, Elliot wave structure). Ichimoku cloud is also showing signs of bearish pressure in line […]

  • Summary

    Today we are seeing a nice setup on EURUSD and AUDCAD as it is testing our resistance where we are expecting a drop below this level. Here are some of our nice calls previously: 1. GBPCHF reversed perfectly below our first resistance to hit our take profit target: https://www.tradingview.com/chart/GBPCHF/GMtaIere-GBPCHF-testing-resistance-potential-drop/

  • EM seems to be preparing a new surprise for investors

    The dollar stages another growth attempt, after pulling back to local support at 94.40 on Wednesday. Yesterday’s attempt to hike failed as the upbeat data on GDP did not make any impression on the market. But the clouds gathering in the EM markets today, promise to unnerve traders once again.

  • EURCAD approaching resistance, potential drop!

    EURCAD is approaching our first resistance at 1.5189 (horizontal overlap resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 1.4991 (horizontal overlap support, 50% Fibonacci retracement). Stochastics (89,5,3) is also approaching resistance and a reaction below this level might see […]

  • AUDNZD approaching resistance, potential drop!

    AUDNZD is approaching our first resistance at 1.0986 (horizontal overlap resistance, 50%, 61.8% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.0861 (horizontal swing low support, 61.8% Fibonacci retracement, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bearish pressure in line with […]

  • USDJPY approaching support, potential bounce!

    USDJPY is approaching our first support at 111.47 (horizontal overlap 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 112.13 (horizontal overlap resistance, 61.8% Fibonacci extension). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish […]

  • GBPCHF testing resistance, potential drop!

    GBPCHF is approaching our first resistance at 1.2655 (horizontal overlap resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 1.2612 (horizontal swing low support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also testing our resistance and a reaction […]

  • Summary

    Today we are seeing a nice setup on USDJPY as it is approaching support where we are expecting a bounce above this level. We are also seeing a nice setup on EURCAD as it is approaching resistance where we are expecting a drop below this level. Here are some of our nice calls previously: 1. […]

  • EUR/USD: temporary recovery before heading South?

    We discuss what EUR/USD is up to in the short run and explain why USD/CAD is likely to head up.

  • Dollar to come back?

    For several days I have been writing about the comeback of US, and today it finally seems as it might happen.

  • AUDJPY approaching resistance, potential drop!

    AUDJPY is approaching our first resistance at 81.86 (horizontal overlap resistance, 23.6%, 50%, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 80.62 (horizontal swing low support, 61.8% Fibonacci retracement). Stochastics (89,5,3) is also approaching resistance and a reaction below this […]