Filtered by date: 30.09.2018. Clear
  • Key economic events and reports of the upcoming week

    Monday, October 1, 2018 – Tankan Large Manufacturers Index (Q3)(JPY), German Manufacturing PMI (Sep)(EUR), Manufacturing PMI (Sep)(GBP), ISM Manufacturing PMI (Sep)(USD).

  • Saudi Arabia prepares more drilling capacities to offset market imbalances

    Saudi Arabia’s state-owned oil and gas company Saudi Aramco will increase oil production capacity by about 550,000 barrels per day in the fourth quarter of this year, which will allow it to increase production if needed, a source said.

  • Could more bad surprises be coming for the US economy?

    With each fresh portion of data on the US economy, investors become increasingly aware that after the triumphant second quarter, it becomes harder to achieve things. Orders for capital goods declined in August, cutting off the positive trend of the previous four months. Strained manufacturing sector due to tariffs contributed to a vexing gap between exports and imports (- $75.5billion, with a forecast of – $70.6 billion).

  • AUDNZD approaching support, potential bounce!

    AUDNZD is approaching our first support at 1.0861 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 1.0994 (horizontal overlap resistance, 100% Fibonacci extension). Stochastic (89,5,3) is also approaching support and we might see a corresponding rise […]

  • CADCHF approaching resistance, potential drop!

    CADCHF is approaching our first resistance at 0.7531 (horizontal overlap resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.7438 (horizontal swing low support). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should […]

  • EURUSD approaching support, potential bounce!

    EURUSD is approaching our first support at 1.1622 (horizontal swing low support, 61.8% Fibonacci retracement) and a strong bounce might occur below this level pushing price up to our major resistance at 132.26 (horizontal overlap resistance, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching support and we might see a corresponding rise in price should […]

  • AUDCAD approaching support, potential bounce!

    AUDCAD is approaching our first support at 0.9381 (horizontal swing low support, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.9422 (horizontal overlap resistance, 38.2% Fibonacci retracement). Stochastic (34,5,3) is also approaching support and we might see a corresponding bounce […]

  • Summary

    Today we are seeing a nice setup AUDCAD and EURUSD as it is approaching support where we are expecting a bounce above this level. Here are some of our nice calls previously: XAUUSD dropped perfectly to hit our major support target: https://www.tradingview.com/chart/USDJPY/q4dVvvdC-XAUUSD-approaching-resistance-potential-drop/

  • Fed’s hawkish policy keeps the Dollar fit

    Fed’s eight rate hike had probably been anticipated since the start of policy tightening in 2015 and Powell did not disappoint investors this time. However, the Fed’s statement and Powell’s remarks were in contradiction with each other, which led to a racy price action of the FX market and bonds.

  • Is Euro About to Get Support and Head Up?

    We discuss the common features of Euro and Pound charts that can make them head up and discuss which strong levels the European index STOXX50 is about to approach.

  • EURCHF is approaching resistance, potential drop!

    EURCHF is approaching our first resistance at 1.1383 (horizontal swing high resistance, 100% Fibonacci extension, 76.4%, 38.2% Fibonacci retracement) and strong drop might occur below this level pushing price down to our major support at 1.1259 (horizontal swing low support, 78.6% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding […]

  • GBPUSD approaching resistance, potential drop!

    GBPUSD is approaching our first resistance at 1.3202(horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.3115 (horizontal overlap support, 61.8% Fibonacci retracement). Stochastic (34,5, 3) is also approaching resistance and seeing a bearish divergence where we […]

  • EURJPY approaching support, potential bounce!

    EURJPY is approaching our first support at 31.89 (horizontal swing low support, 61.8%, 100% Fibonacci extension, 23.6% Fibonacci retracement) and a strong bounce might occur below this level pushing price up to our major resistance at 132.26 (horizontal overlap resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement). Stochastic (34,5,3) is also approaching support and we might […]

  • USDX approaching resistance, potential drop!

    USDX is approaching our first resistance at 94.37 (horizontal overlap resistance, 50% Fibonacci retracement, 100% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 94.00(horizontal swing low support, 76.4% Fibonacci retracement). Stochastic (55,5,3) is approaching resistance and we might see a corresponding drop in price […]

  • Summary

    Today we are seeing a nice setup on dollar index and GBPUSD as it is approaching resistance where we are expecting a drop below this level. Here are some of our nice calls previously: GBPCHF reversed nicely at our first resistance and is approaching our major support target: https://www.tradingview.com/chart/GBPCHF/wGzjYec8-GBPCHF-approaching-resistance-potential-drop/ AUDNZD bounced perfectly up from our […]