Filtered by date: 21.09.2018. Clear
  • Turkey recovery plan pleases investors, however, concerns remain strong

    The Turkish lira appeared to be very unstable on Thursday, swinging wildly from highs to lows. The market attempted to agree on the medium-term economic plan released yesterday, which together with the rate hike of 625 percentage points from last week, could restore confidence of investors in the future.

  • GBPCHF approaching resistance, potential drop!

    GBPCHF is approaching our first resistance at 1.2798 (horizontal swing high 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 1.2630 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (55,5,3) is also approaching our major resistance and seeing a bearish […]

  • EURCAD approaching resistance, potential drop!

    EURCAD is approaching our first resistance at 1.5241 (61.8%, 100% Fibonacci extension, 76.4% Fibonacci retracement) and price might drop to our major support at 1.5167 (horizontal pullback support, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully […]

  • GBPCAD approaching resistance, potential drop!

    GBPCAD is approaching our first resistance at 1.7182 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.6951 (horizontal overlap support, 100% Fibonacci extension, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also approaching our resistance and a reaction below […]

  • XAUUSD approaching resistance, watch for breakout!

    \ XAUUSD is approaching our first resistance at 1208.76 (horizontal overlap resistance, 23.6% Fibonacci retracement) and a breakout of this level might push price up to our major resistance at 1239.19 (horizontal overlap resistance, 100%, 61.8% Fibonacci extension, 38.2% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish […]

  • Summary

    Today we are seeing a nice setup on EURCAD and GBPCAD as it is approaching resistance where we are expecting a drop below this level. Here are some of our nice calls previously: NZDUSD bounced perfectly up from our first support and is approaching our major resistance: https://www.tradingview.com/chart/NZDUSD/XPKTh6sC-NZDUSD-approaching-support-potential-bounce/