Filtered by date: 04.10.2018. Clear
  • CADCHF approaching resistance, potential drop!

    CADCHF is approaching our first resistance at 0.7715 (horizontal overlap resistance, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 0.76299 (horizontal pullback support, 23.6% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price. Trading CFDs […]

  • NZDCHF approaching support, potential bounce!

    NZDCHF is also approaching our first support at 0.644 (horizontal overlap support, 38.2% Fibonacci retracement, ascending channel support) and a strong bounce might occur above this level pushing price up to our major resistance at 0.6514 (horizontal swing high resistance, 61.8% Fibonacci extension). Stochastic (34,5,3) is also approaching support and we might see a corresponding […]

  • XAUUSD approaching support, potential bounce!

    XAUUSD is approaching our first support at 1193.73 (horizontal overlap 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 1200 (100% Fibonacci extension, 50% fibonacci retracement). Stochastic (21,5,3) is also approaching support and we might see a corresponding bounce in […]

  • GBPCAD approaching support, potential bounce!

    GBPCAD is approaching our first support at 1.6458 (horizontal swing low support, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) where a strong bounce might occur pushing price up to our major resistance at 1.6833 (horizontal overlap resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce […]

  • Summary

    Summary Today we are seeing a nice setup on GBPCAD and XAUUSDas it is approaching support where we might expect a bounce above this level. Here are some of our nice calls previously: EURJPY reversed perfectly from our first resistance and is approachning our major support target: USDCHF bounced perfectly above our first support and […]

  • Powell’s unusual “verbal stimulus” creates storm on the global bond markets

    Heads of the central bank have been probably envying Powell’s clarity in recent communication. Dollar sellers hardly believed that the hawkish leg of Fed’s course was over; the chairman made an unusual move signalling it’s too early to relax while speaking yesterday with in an extremely frank fashion regarding the policy of interest rates.

  • Is Yen About to Head North?

    Today we explain why Japanese currency could head North and discuss what’s going on with Canadian dollar.