Filtered by date: 24.09.2018. Clear
  • The comeback of bonds after years of heavy QE seems to have put pressure on the US stock market

    Asian markets appear to have traded in a somewhat depressed mode on Monday, due to decision of the Chinese delegation to cancel trade talks which has reinforced fears that none of the opponents want to concede in the trade war.

  • Is Dow Jones About to Head Down?

    We ponder whether American index Dow Jones is finally about to head down, and discuss at what point the currency pair USD/CAD should head North.

  • EURUSD is approaching resistance, potential drop!

    EURUSD is approaching our first resistance at 1.1787 (horizontal swing high resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.1622 (horizontal swing low support, 38.2% Fibonacci retracement). Stochastic (55,5,3) is also approaching our major resistance and a reaction off […]

  • USDJPY approaching support, potential bounce!

    USDJPY is approaching our first support at 112.39 (horizontal overlap support, 100% Fibonacci extension, 23.6% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 113.11 (horizontal swing high resistance). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias. Trading […]

  • GBPCAD approaching resistance, potential drop!

    GBPCAD is approaching our first resistance at 1.6937(horizontal overlap resistance, 23.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.6827 (50% Fibonacci retracement). RSI (89) is also seeing a bearish exit and we might see a corresponding drop in price. Trading CFDs on margin […]

  • NZDUSD approaching resistance, potential drop!

    NZDUSD is approaching our first resistance at 0.6722 (horizontal overlap resistance, 100% Fibonacci extension, 61.8%, 38.2%, 23.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.6619 (horizontal overlap support, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding […]

  • Summary

    Today we are seeing a nice setup on NZDUSD and GBPCADas it is approaching resistance where we are expecting a drop below this level. Here are some of our nice calls previously: GBPCHF dropped perfectly from our first resistance to hit our major support target: https://www.tradingview.com/chart/GBPCHF/RuknDQzm-GBPCHF-approaching-resistance-potential-drop/ GBPCAD dropped perfectly from our first resistance to hit […]