Filtered by date: 18.09.2018. Clear
  • Turkish lira declines further – Brief overview of share buybacks in US

    Turkish lira resumed decline on Monday despite the rate hike by Turkish CB to 24%, which seems to have been expected to raise costs for lira bearish positions, i.e. make them less profitable

  • NZDUSD approaching resistance, potential drop!

    NZDUSD is approaching our first resistance at 0.6594 (horizontal swing high resistance, 38.2%, 78.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 0.6551 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance and we might see a […]

  • GBPJPY approaching resistance, potential drop!

    GBPJPY is approaching our first resistance at 148.39 (long term descending resistance line, 100% Fibonacci extension, 61.8%, 50% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 145.59 (horizontal pullback support, 38.2%, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and a reaction below […]

  • AUDJPY approaching resistance, potential drop!

    AUDJPY is approaching our first resistance at 80.71 (horizontal overlap resistance, 100% Fibonacci extension, 38.2%, 61.8% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 79.74 (horizontal swing low support, 50% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching resistance and a reaction […]

  • USDJPY approaching resistance, potential drop!

    USDJPY is approaching our first resistance at 112.42 (100% Fibonacci extension, 78.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 111.17 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and a reaction below this level might […]

  • Summary

    Today we are seeing a nice setup on USDJPY and AUDJPY as it is approaching resistance where we are expecting a drop below this level. Here are some of our nice calls previously: EURUSD bounced perfectly above our first support to hit our major resistance target: USDJPY bounce perfectly from our first resistance and is […]