Filtered by date: 04.09.2018. Clear
  • AUD is doomed for slump after dovish RBA

    Asian markets kept sliding on Tuesday while the dollar remained stable as the markets are threatened by the escalation of conflict between the US and China and the problems of emerging markets. The emergency austerity measures taken by Argentina indicate an imminent crisis of fiscal policy as the state gradually halts the fulfillment of some of its crucial obligations.

  • USDCAD approaching resistance, potential drop!

    USDCAD is approaching our first resistance at 1.3114 (horizontal overlap resistance, 100% Fibonacci extension, 76.4% Fibonacci retracement, descending channel resistance) where a strong drop might occur below this level pushing price down to our major support at 1.2863 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (55,5,3) is also approaching our resistance […]

  • CADJPY approaching support, potential bounce!

    CADJPY is approaching our first support at 84.81 (horizontal overlap support, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur pushing it up to our major resistance at 85.86 (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 […]

  • EURCAD approaching resistance, potential drop!

    EURCAD is approaching our first resistance at 1.5213 (c) and a strong drop might occur below this level pushing price down to our major support at 1.4992 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (89,5,3) is also seeing a bearish divergence and approaching resistance where a reaction below this level might see a corresponding […]

  • NZDUSD approaching resistance, potential drop!

    NZDUSD is approaching our is approaching our first resistance at 0.6620 (horizontal overlap resistance, 100% Fibonacci extension, 23.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.6568 (horizontal overlap support, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bearish pressure in line […]

  • 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. AUDNZD bounced perfectly up from our first support and is approaching our major resistance target: https://www.tradingview.com/chart/USDJPY/snto3h3q-AUDNZD-approaching-support-potential-bounce/ 2. GBPJPY dropped perfectly below […]