Filtered by date: 14.09.2018. Clear
  • Time to start worrying about your dollar longs?

    The ECB held a meeting yesterday and, although the forecasts for the GDP were indeed lowered, the market turned a deaf ear to the bearish part of the report as it was information that was rather anticipated. The market focused instead on Draghi’s verbal assessment of economic recovery and comments on inflation.

  • USDCAD approaching first support, potential bounce!

    USCAD is approaching our first support at 1.2966 (horizontal overlap support, 76.4%, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur above this level pushing price up to our major resistance at 1.3039 (Horizontal pullback resistance, 23.6% Fibonacci retracement). Stochastic (89,5,3) is also approaching support where we might see a corresponding rise […]

  • EURCAD approaching resistance, potential drop!

    EURCAD is approaching our first resistance at 1.1519 (horizontal overlap resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 1.5093 (horizontal swing low support, 50% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line with our […]

  • NZDCAD approaching resistance, potential drop!

    NZDCAD is approaching our first resistance at 0.8560 (horizontal pullback resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 0.8500 (horizontal swing low support). RSI (34) is also approaching our descending resistance line and a reaction below this level might […]

  • EURCHF approaching resistance, potential drop!

    EURCHF is approaching our first resistance at 1.1365 (horizontal pullback resistance, short term descending resistance line, 61.8% Fibonacci retracement, 23.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.1244 (horizontal overlap support). RSI (89) is also approaching resistance and a reaction below this level […]

  • Summary

    Today we are seeing a nice setup on EURCHF and NZDCAD as it is approaching resistance where we are expecting a drop below this level. Here are some of our nice calls previously: USDX dropped perfectly from our first resistance and is approaching our major support target: