Filtered by date: 01.10.2018. Clear
  • Will the NAFTA deal boost risk appetite?

    The news that Canada will be a member of trilateral NAFTA pact may allow bulls to push this week on the “happy end” scenario in Trump’s protectionist undertaking. The progress in tough negotiations was quite a surprising piece of information, given Canada’s economic and political sensitivity on the remaining controversies.

  • XAUUSD approaching support, potential bounce!

    XAUUSD is approaching our first support at 1181.28 (horizontal overlap support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1194.23 (horizontal overlap resistance, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also approaching support and we might see a corresponding rise in […]

  • NZDUSD approaching resistance, potential drop!

    NZDUSD is approaching our first resistance at 0.6632(horizontal overlap resistance, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.6548 (horizontal overlap support, 76.4% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. RSI (55,5,3) is […]

  • GBPUSD approaching resistance, potential drop!

    GBPUSD is approaching our first resistance at 1.3059 (horizontal overlap resistance, 23.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.2911 (horizontal swing low support, 61.8%, 76.4% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. […]

  • EURUSD approaching support, potential bounce!

    EURUSD is approaching our first support at 1.1509 (horizontal swing low 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 1.1654 (horizontal pullback resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching support and a strong bounce […]

  • Summary

    Today we are seeing a nice setup EURUSD as it is approaching support where we expect a bounce above this level. We are also seeing a nice setup on GBPUSD as it is approaching resistance where we expect a drop below this level. Here are some of our nice calls previously: GBPCAD reversed perfectly from […]