Filtered by date: 10.09.2018. Clear
  • NFP review and some notes about the ECB meeting due this week

    Surprisingly, the greenback was offered support from the economic front on Friday, after the unemployment report confirmed the firm tread of the US economy. However, the systematic reassessment of job creation in August, according to data for the past seven years, convinces us to look at the revised data in September to get a more accurate picture of the labor market.

  • EUR/USD: Going Up or Down?

    We discuss the reasons behind the sing currency’s likelihood of heading up. We also review the current state of British currency and Russian ruble.

  • EURJPY approaching support, potential bounce!

    EURJPY is approaching our first support at 127.942(horizontal overlap support, 61.8% Fibonacci extension, 50% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 129.69 (horizontal swing high resistance, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching support and a bounce off this level might see […]

  • GBPCAD approaching resistance, potential drop!

    GBPCAD is approaching our first resistance at 1.7059 (horizontal overlap resistance, 61.8% Fibonacci extension, 23.6%, 38.2% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.6862 (horizontal swing low support, 100% Fibonacci). Stochastic (89,5,3) is seeing a bearish divergence and is also approaching resistance and […]

  • EURGBP approaching resistance, potential drop!

    EURGBP is approaching our first resistance at 0.8951 (horizontal pullback resistance, 23.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.8886 (horizontal overlap support, 50% Fibonacci retracement, 61.8%, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bearish pressure in line with our […]

  • USDJPY approaching resistance, potential drop!

    USDJPY is approaching our first resistance at 111.20 (horizontal overlap resistance, 61.8% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 110.47 (horizontal overlap support, 61.8% Fibonacci extesion). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. RSI (89) […]

  • Summary

    Today we are seeing a nice setup on USDJPY and EURGBP as it is approaching resistance where we are expecting a drop below this level. Here are some of our nice calls previously: NZDJPY dropped perfectly from our first resistance to hit our major support target: AUDUSD reversed nicely below our first resistance to hit […]