Filtered by date: 07.09.2018. Clear
  • US Payrolls may have prepared a downside surprise for you

    The dollar edges lower on Friday as expected, the calls for strengthening are likely to stop acting as there are no big hopes for the NFP report. Job growth in the US is likely to have accelerated in August, unemployment is expected to fall to 3.8%, which is the lowest in 18 years. As I said yesterday, expectations for the US economy are already too high, so an increment to positive mood won’t come easy and the dollar is harder to surprise with good data.

  • CADJPY approaching support, potential bounce!

    CADJPY is approaching our first resistance at 83.21 (horizontal overlap support, long term ascending support line, 61.8%, 100% Fibonacci extension, 76.4% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 84.71 (horizontal swing high resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also […]

  • EURAUD approaching resistance, potential drop!

    EURAUD is approaching our first resistance at 1.6265 (horizontal swing high resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.5715 (horizontal overlap support, 61.8% Fibonacci extension, 61.8%, 78.6% Fibonacci retracement, long term ascending support line). Stochastic (55,5,3) is also […]

  • NZDJPY approaching resistance, potential drop!

    NZDJPY is approaching our first resistance at 72.86 (horizontal pullback resistance, 23.6% Fibonacci retracement, 61.8%, 78.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 72.38 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. […]

  • USDJPY approaching resistance, potential drop!

    USDJPY is approaching our first resistance at 110.69 (horizontal pullback resistance, 23.6% fiobnacci retracement, 100% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 110.28 (horizontal swing low support, 76.4% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line with our […]

  • Summary

    Today we are seeing a nice setup on USDJPY and NZDJPY as it is approaching resistance where we are expecting a drop below this level. Here are some of our nice calls previously: NZDUSD reversed nicely below our resistance and is approaching our major support target: https://www.tradingview.com/chart/NZDUSD/bdXbsYph-NZDUSD-approaching-resistance-potential-drop/ AUDUSD reversed nicely below our first resistance and […]