Filtered by date: 02.10.2018. Clear
  • Italian rumors – the only source of pressure on the euro?

    Generally speaking, the dip in price pressure on the resource market provides, in my opinion, an insight into how the manufacturing sector responded to inflation outbreak by slowly increasing output which helped to dissipate price pressure which occurred in a discreet fashion.

  • USDCHF approaching support, potential bounce!

    USDCHF is approaching our first support at 0.9788 (horizontal pullback support, 23.6% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 0.9954 (horizontal swing high resistance, 78.6% Fibonacci retracement). Ichimokucloud is also showing signs of bullish pressure in line with our bullish pressure. Stochastic (34,5,3) […]

  • GBPAUD approaching support, potential bounce!

    GBPAUD is approaching our first support at 1.7934 (horizontal swing low support, 61.8%, 100% Fibonacci extension, 76.4% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1.1811 (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (55,5,3) is also approaching support where we might […]

  • USDJPY approaching support, potential bounce!

    USDJPY is approaching our first support at 113.03 (horizontal pullback support, 23.6% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major support at 115.38 (horizontal swing high resistance, 61.8% Fibonacci extension, 76.4% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure in line with our […]

  • NZDCHF approaching resistance, potential drop!

    NZDUSD is approaching our first resistance a 0.6511 (horizontal pullback resistance, 100% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.6444 (horizontal overlap support, 50%, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop […]

  • Summary

    Today we are seeing a nice setup on USJDPY and USDCHF as it is approaching support where we might expect a bounce above this level. Here are some of our nice calls previously: NZDUSD reversed perfectly from our first resistance and is approachning our major support target: https://www.tradingview.com/chart/NZDUSD/bZlsrx0f-NZDUSD-approaching-resistance-potential-drop/ GBPUSD reversed nicely from our first resistance: […]