Filtered by date: 05.10.2018. Clear
  • Powell’s hawkish remarks might warrant somewhat solid job figures

    The “star day” of the US labor market has arrived, and the labor department will provide us with a fresh insight about its shape in the monthly report today. New jobs are expected to fall from 201K in August to 185K in September, which corresponds to an average of three months at 185K. However, in conditions of low unemployment and inflated stock market thanks to fiscal stimulus, the data will.

  • GBPUSD approaching resistance, potential drop!

    GBPUSD is approaching our first resistance at 1.3074 (horizontal overlap resistance, 100% Fibonacci extension, 38.2%, 50% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.2904 (horizontal swing low support, 61.8% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line with […]

  • EURUSD approaching resistance, potential drop!

    EURUSD is approaching our first resistance at 1.1515 (horizontal overlap resistance, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 1.1409 (horizontal overlap support, 78.6% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. RSI (89) […]

  • CADJPY approaching resistance, potential drop!

    CADJPY is approaching our first resistance at 89.45 (horizontal swing high resistance, 100% Fibonacci extension, 78.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 86.45 (horizontal overlap support, 50% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching resistance and we might see […]

  • AUDJPY testing resistance, potential drop!

    AUDJPY broke out of our support at 80.61 (horizontal overlap resistance, 100%, 61.8% Fibonacci extension, 50% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 79.53 (horizontal pullback support, 100% Fibonacci extension, 78.6% Fibonacci retracement). RSI (34) is also seeing a bearish exit and we […]

  • Summary

    Today we are seeing a nice setup on AUDJPY and CADJPYas it is approaching resistance where we expect a drop below this level. Here are some of our nice calls previously: CADCHF reversed perfectly below our first resistance and is approaching our major support: XAUUSD bounced perfectly above our support to hit our major resistance […]