Filtered by date: 12.09.2018. Clear
  • 10YR US auction may push the yields above 3%

    Yet another deluge of Treasury bonds thanks to the US Treasury happened on Wednesday, but with each new auction investors seem less and less happy with the rapidly rising bond supply. Trying to shift future consumption towards current one through tax cuts, the government was forced to increase the speed of borrowing, but expectations of a hawkish Fed increased the borrowing costs as well, making it pricier for government to raise money through debt.

  • NZDCAD approaching resistance, potential drop!

    NZDCAD is approaching our first resistance at 0.8561 (horizontal pullback resistance, 23.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.8483 (horizontal swing low support, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. RSI […]

  • GBPCHF approaching resistance, potential drop!

    GBPCHF is approaching our first resistance at 1.2853 (horizontal overlap resistance, 61.8% Fibonacci extension, 23.6%, Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.2283 (horizontal swing low support, 61.8% Fibonacci extension, 76.4% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and a reaction below […]

  • EURGBP approaching support, potential bounce!

    EURGBP is approaching our first support at 0.8886 (horizontal overlap support, long term ascending support line, 100%, 61.8% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 0.8955 (horizontal overlap resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement). Stochastic (55,5,3) is also approaching support and a […]

  • USDJPY approaching resistance, potential drop!

    USDJPY is approaching our first resistance at 111.64 (horizontal swing high resistance, descending resistance line, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 110.91 (horizontal overlap support, 61.8% Fibonacci extension). Stochastic (55,5,3) is approaching resistance where we might see a […]

  • Summary

    Today we are seeing a nice setup on USDJPY as it is approaching resistance where we expect a drop below this level. We are also seeing a nice setup on EURGBP as it is approaching support where we are expecting a bounce above this level. Here are some of our nice calls previously: EURJPY bounced […]