Filtered by date: 19.09.2018. Clear
  • BoJ decision and export data curb Yen depreciation

    The Bank of Japan left the parameters of the monetary policy unchanged today, which is not surprising, given the lack of any decent inflation prospects. A little surprise was buried in the regulator’s statement, as the bank kept the wording about moderate GDP growth, which, coupled with the growth in export activity (data from Tuesday), revived trade in the yen and Japanese bonds.

  • USDJPY approaching resistance, potential drop!

    USDJPY is approaching our first resistance at 112.22 (horizontal overlap resistance, 100% fibonacci extension, 76.4% fibonacci retracement) where a strong drop might occur pushing price down to our major support at 111.28 (horizontal swing low support, 50% fibonacci retracement). Stochastic (55,5,3) is also approaching resistance and we might see a corresonding drop in price. Trading […]

  • EURCAD approaching support, potential bounce!

    EURCAD is approaching our first support at 1.5083 (horizontal swing low support, 61.8% fibonacci extension, 50% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1.5191 (61.8% fibonacci extension, 61.8% fibonacci retracement). Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce […]

  • EURUSD approaching support, potential bounce!

    EURUSD is approaching our first support at 1.1613 (horizontal overlap support, 61.8%, 100% fibonacci extension, 61.8% fibonacci retracement, short term ascending support line) and a strong bounce might occur above this level pushing price up to our major resistance at 1.1732 (horizontal swing high resistance, 61.8% fibonacci extension). Stochastic (21,5,3) is also approaching support and […]

  • EURCHF testing resistance, potential drop!

    Price is testing our first resistance at 1.1270 (horizontal pullback resistance, 100% fibonacci extension, 38.2%, 50% fibonacci retracement, short term descending resistance line) where a strong drop might occur pushing price down to our major support at 1.1223 (horizontal swing low support, 76.4% fibonacci retracement). Stochastic (34,5,3) is also approaching resistance where we might see […]

  • Summary

    Today we are seeing a nice setup on EURUSD and EURCAD as it is approaching support where we are expecting a bounce above this level. Here are our nice calls previously: USDJPY bounced perfectly up our first support to hit our major resistance target: https://www.tradingview.com/chart/USDJPY/lqEeB4XE-USDJPY-approaching-support-potential-bounce/