Filtered by date: 03.09.2018. Clear
  • High expectations on NFP as a platform for greenback rally

    As I have previously suggested, the dollar seemed fundamentally undervalued and at the end of last week there was a correction after what could be called a ridiculous sell-off. Powell’s soft position and the lull on the tariff front only temporarily helped keep the focus on domestic factors of other major currencies, but on Friday the attention was drawn to the dollar again.

  • The Swiss Franc gone bearish!

    We discuss whether an increase in rate of USD/CHF signifies a drop in the Dollar’s rate. We also forecast what is going to happen with single currency (EUR/USD).

  • AUDNZD approaching support, potential bounce!

    AUDNZD is approaching our first support at 1.0858 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur pushing it up to our major resistance at 1.098 (horizontal overlap resistance, 38.2% Fibonacci retracement). Stochastic (55,5,3) is approaching support where we might see a corresponding rise in price should it […]

  • AUDJPY approaching support, potential bounce!

    AUDJPY is approaching our first support at 79.18 (horizontal overlap support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur pushing it up to our major resistance at 80.60 (61.8% Fibonacci retracement, horizontal pullback resistance). Stochastic (55,5,3) is approaching support where we might see a corresponding rise in price should it bounce […]

  • GBPAUD approaching support, potential bounce!

    GBPAUD is approaching our first support at 1.7949 (horizontal pullback support, 61.8% Fibonacci extension, 23.6% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.8168 (horizontal pullback resistance, 61.8%, 100% Fibonacci extension, 76.4% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure in […]

  • CADCHF approaching support, potential bounce!

    CADCHF is approaching our first support at 0.7409 (horizontal overlap support, 100%, 161.8% Fibonacci extension) and a strong bounce might occur pushing price up to our major resistance at 0.7501 (61.8%, 100% Fibonacci extension, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also approaching support and a bounce off this level might see a corresponding bounce in […]

  • Summary

    Today we are seeing a nice setup on CADCHF and GBPAUD as it is approaching support where we are expecting a bounce above this level. Here are some of our nice calls previously: 1. AUDCAD reversed perfectly below our first resistance and is approaching take profit target: 2. EURUSD reversed perfectly below our first resistance […]