Filtered by date: 31.10.2018. Clear
  • USDCAD approaching resistance, potential drop!

    USDCAD is approaching our first resistance at 1.3205 (61.8%, 100% Fibonancci extension, horizontal swing high resistance, 78.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.3105 (Horizontal swing low support, 61.8% fibonacci extension). Stochastic (89,5,3) is also approaching resistance and we might see a […]

  • EURJPY approaching resistance, potential drop!

    EURJPY is approaching our first resistance at 128.51 (50% fibonacci retracement, 100% fiboancci retracement, horizontal overlap resistance) where a strong drop might occur below this level pushing price up to our major support at 127.64 (Horizontal overlap support, 61.8% fibonacci extension, 50% fibonacci retracement). Stochastic (34,5,3) is approaching resistance and we might see a corresponding […]

  • NZDUSD approaching resistance, potential drop!

    NZDUSD is approaching our first resistance at 0.6578 (horizontal overlap resistance, 76.4% fibonacci retracement, 61.8% fibonacci extension) and a strong drop might occur pushing price down to our major support at 0.6521 (Horizontal swing low support, 50% fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price. Trading […]

  • USDJPY approaching support, potential bounce!

    USDJPY is approaching our first support at 112.83 (Horizontal overlap support, 23.6% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 112.48 (horizontal swing high resistance, 61.8% fibonacci extension, 78.6% fibonacci retracment). RSI (55) is also seeing a bullish breakout and we might see a […]

  • Summary

    Today we are seeing a nice setup on EURJPY and NZDUSD as it is approaching resistance where we expect a drop below this level. Here are some of our nice calls previously: EURJPY bounced perfectly above our first support to hit our resistance target: https://www.tradingview.com/chart/EURJPY/W6l2qzvy-EURJPY-approaching-support-potential-bounce/ AUDUSD dropped perfeclty from our first resistance: https://www.tradingview.com/chart/AUDUSD/v5UGGm1n-AUDUSD-approaching-resistance-potential-drop/

  • Rumors about new tariffs put more pressure on Yuan

    The PBOC temporarily rescued the Asian markets from negative territory on Tuesday, lowering the reference rate by 197 points to 6.5974 against the dollar.

  • NZDJPY approaching resistance, potential drop!

    NZDJPY is approaching our first resistance at 73.95 (horizontal overlap resistance, 61.8% Fibonacci extension, 78.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 73.58 (horizontal pullback support, 100% Fibonacci extension, 23.6% Fibonacci retracement). RSI (34) is also approaching resistance and we might see a […]

  • AUDUSD approaching resistance, potential drop!

    AUDUSD is approaching our first resistance at 0.7144 (horizontal pullback resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur pushing price down to our major support at 0.7056 (horizontal swing low support, 61.8% Fibonacci extension, 76.4% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop […]

  • CHFJPY approaching support, potential bounce!

    CHFJPY is approaching our first support at 111.90 (horizontal overlap support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 114.02 (horizontal pullback resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching support where we might see a […]

  • GBPAUD approaching support, potential bounce!

    GBPAUD is approaching our first support at 1.7972 (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 1.8249 (horizontal overlap resistance, 38.2% Fibonacci extension). Stochastic (55,5,3) is also approaching support and seeing a bullish divergence where we […]

  • Summary

    Today we are seeing a nice setup on GBPAUD and CHFJPY where they are approaching support where we are expecting a bounce above this level. Here are some of our nice calls previously: EURJPY bounced perfectly up to hit our major resitance target: https://www.tradingview.com/chart/EURJPY/W6l2qzvy-EURJPY-approaching-support-potential-bounce/ AUDUSD dropped perfectly to hit our major support target: https://www.tradingview.com/chart/AUDUSD/ANJZdK7J-AUDUSD-approaching-resistance-potential-drop/

  • What is a buyback blackout period? Can anything bring the US stock market back to life?

    The blue line signifies the yearly change in the balance sheets of world central banks. In other words, the waves on the chart are injections of money supply into the economy, i.e. cyclical swings from easing to tightening. Amazingly, every time the yearly change reached zero, central banks resumed buying assets in response to economic challenges.

  • Is Chinese Yuan About to Get Weaker?

    Today we discuss the current state of Chinese yuan, and ponder what is going on with Australian currency and index S&P500.

  • EURJPY approaching support, potential bounce!

    EURJPY is approaching our first support at 126.63 (horizontal overlap support, 100% fiboancci extension, 78.6% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 128.37 (horizontal overlap resistance, 100% fibonacci extension, 50% fibonacci retracement). Stochastic (55,5,3) is also approaching support and we might see a […]

  • NZDJPY approaching support, potential bounce!

    NZDJPY is approaching our first support at 72.43 (Horizontal swing low support, 61.8%, 100% fibonacci extension, 78.6% fiobnacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 73.57 (horizontal overlap resistance, 100% fiboancci extension, 61.8% fibonacci retracement). RSI (34) has seen a bullish exit and we […]