Filtered by date: 11.09.2018. Clear
  • Pound drops following job pay data as rate hike may be delayed

    Following Donald Trump’s warnings on Friday that he is ready to introduce tariffs on virtually all imports from China, the Chinese foreign minister said that China will retaliate if the US takes new actions in the trade war.

  • AUDUSD approaching support, potential bounce!

    AUDUSD is approaching our first support at 0.7106 (horizontal swing low support, 61.8%, 100% Fibonacci extension, 78.6% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 0.7197 (horizontal swing high resistance, 38.2% Fibonacci retracement). Stochastic (55,5,3) is also approaching support and seeing a bullish divergence […]

  • AUDNZD approaching resistance, potential bounce!

    AUDNZD is approaching our first support at 1.0861 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1.0986 (horizontal overlap resistance, 78.6% Fibonacci retracement). Stochastic (89,5,3) is also approaching support and a bounce off this level might […]

  • XAGUSD approaching resistance, potential drop!

    XAGUSD is approaching our first resistance at 14.39 (horizontal overlap resistance, 38.2% Fibonacci retracement, 61.8%, 100% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 13.67 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. […]

  • EURUSD approaching support, potential bounce!

    EURUSD is approaching our first support at 1.1528 (horizontal overlap support, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce m might occur above this level pushing price up to our major resistance at 1.1653 (horizontal overlap resistance, 61.8%, 100% Fibonacci extension, 78.6% Fibonacci retracement). RSI (89) is also approaching support and a bounce […]

  • Summary

    Today we are seeing a nice setup on AUDUSD and AUDNZD as it is approaching support where we are expecting a bounce above that level. Here are some of our nice calls previously: EURJPY bounced perfectly up from our first support and is reaching our major resistance target: EURGBP dropped perfectly from our first resistance […]