Filtered by date: 26.09.2018. Clear
  • Will the Fed maintain its accommodative approach today?

    Today attention is focused on the dollar, however, moderate fluctuations of major currency pairs indicate a lack of consensus in the market on the outcome of the Fed meeting. Essentially, the US economy boasts a robust growth, but the expectations about how long the party will last are fragile, while it is also necessary to keep an eye on worrisome developments on the economic landscape. Among these we can note the slowdown of inflation in August, troubles of the manufacturing sector and cooling US housing market.

  • EURCHF is approaching resistance, potential drop!

    EURCHF is approaching our first resistance at 1.1383 (horizontal swing high resistance, 100% Fibonacci extension, 76.4%, 38.2% Fibonacci retracement) and strong drop might occur below this level pushing price down to our major support at 1.1259 (horizontal swing low support, 78.6% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding […]

  • GBPJPY approaching resistance, potential drop!

    GBPJPY is approaching our first resistance at 149.30(horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 140.80 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (89,5, 3) is also approaching resistance where we might see a corresponding […]

  • AUDNZD approaching support, potential bounce!

    AUDNZD is approaching our first support at 1.0861 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement) and a strong drop might occur below this level pushing price up to our major resistance at 1.0994 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching support and we might see […]

  • GBPCHF approaching resistance, potential drop!

    GBPCHF is approaching our first resistance at 1.2798 (horizontal swing high resistance, 23.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.250 (horizontal swing low support, 100% Fibonacci extensions). Stochastic (89,5,3) is approaching resistance and we might see a corresponding drop in price should […]

  • Summary

    Today we are seeing a nice setup on GBPCHF and GBPJPY as it is approaching resistance where we are expecting a drop below this level. Here are some of our nice calls previously: USDCAD reversed nicely at our first resistance and is approaching our major support target: https://www.tradingview.com/chart/USDJPY/n9hhveaz-USDCAD-is-approaching-resistance-potential-drop/ CHFJPY bounced perfectly up from our first […]