Filtered by date: 03.10.2018. Clear
  • Italy folds to EU’s pressure but the war of words seems to not be over

    After two days of heavy sell-off on the euro and Italian bonds as a sign of market dissent with the fiscal course the Italian government, the latter finally came to their senses. As expected, the Italian populists made concessions and announced that they are ready to reduce the budget deficit to 2% in the near future. By 2019, it should be reduced to 2.2% and by 2020 to 2.0%. Of course, this hardly comes in line with EU expectations, although it seems to be a solid argument for euro sceptics to pause pressure on the euro.

  • EURJPY approaching resistance, potential drop!

    EURJPY is approaching our first resistance at 132.08 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement, descending channel resistance) and a strong drop might occur pushing price down to our major support at 131.03 (horizontal swing low support, 61.8% Fibonacci extension). Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop […]

  • EURUSD approaching support, potential bounce!

    EURUSD is approaching our first support at 1.1518(horizontal swing low 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 1.1661 (horizontal overlap resistance, 50% Fibonacci retracement). Stochastic (55,5,3) is also approaching support where we might see a corresponding bounce in […]

  • XAUUSD approaching resistance, potential drop!

    XAUUSD is approaching our first resistance at 1214.20 (horizontal swing high resistance, 61.8% Fibonacci extension) and a strong drop might occur pushing price down to our major support at 1203.35 (horizontal overlap pullback support, 38.2% Fibonacci retracement). Stochastic Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you […]

  • EURCHF approaching resistance, potential drop!

    EURCHF is approaching our first resistance at 1.1460 (horizontal swing high resistance, 100% Fibonacci extension, 50% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.1369 (horizontal swing low support, 61.8% 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 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/NZDCHF/eLRioXmC-NZDUSD-approaching-resistance-potential-drop/