Filtered by date: 08.10.2018. Clear
  • PBOC RR illustrates deepening problems in the Chinese economy

    The employment situation in the United States continued to develop in September in accordance with the definition of a healthy labor market. The unemployment rate fell by 0.2% to 3.7%, wages increased by 0.3% compared to August. The number of new jobs increased by 134K, which did not meet expectations, but the stability of the dollar after the report proves that the market attributed weakness to the deterioration of weather on the East Coast.

  • Oil seems to be following a downtrend

    Today we discuss what is going on with the oil, silver and British pound.

  • XAUUSD approaching resistance, potential drop!

    XAUUSD is approaching our first resistance at 1197(horizontal pullback resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1193 (horizontal overlap support, 100%, 61.8% Fibonacci extension, 50% Fibonacci retracement). Ichimokucloud is also showing signs of bearish pressure in line with […]

  • USDCHF approaching resistance, potential drop!

    USDCHF is approaching our first resistance at 1.0085 (horizontal swing high resistance, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.9857 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding […]

  • CHFJPY approaching resistance, potential drop!

    CHFJPY is approaching our first resistance at 115.27(horizontal pullback resistance, 23.6% Fibonacci retracement, descending channel resistance) where a strong drop might occur below this level pushing price down to our major support at 113.32 (horizontal overlap support, 50% Fibonacci retracement, 61.8% Fibonacci extension). RSI (89) is seeing a bearish exit and we might see a […]

  • AUDJPY approaching resistance, potential drop!

    AUDJPY broke out of our support at 80.59 (horizontal overlap resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 79.51(horizontal overlap support, 100% Fibonacci extension, 78.6% Fibonacci retracement). RSI (89) is also seeing a bearish exit and we might see […]

  • Summary

    Today we are seeing a nice setup on AUDJPY and CHFJPYas 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: