Filtered by date: 09.10.2018. Clear
  • Yuan starts to feel the pain of the Chinese economy’s slowdown

    Chinese authorities hiked the exchange reference rate of USDCNY to 6.9019 yuan on Tuesday. From the perspective of traders this became the guidance to short yuan further, which they actually did. This also stirred more concerns about the growing weakness of the Chinese economy.

  • EURAUD is approaching support, potential bounce!

    EURAUD is approaching our first support at 1.6167 (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 1.6260 (horizontal overlap resistance, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching support and we might see a corresponding rise in […]

  • EURGBP is approaching support, potential bounce!

    EURGBP is approaching our first support at 0.8274 (Horizontal swing low support, 100% Fibonacci extension, 76.4% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 0.8855 (horizontal pullback resistance, 50%, 38.2% Fibonacci retracement, 100% Fibonacci extension). Stochastic (89,5,3) is also approaching support and we might […]

  • EURJPY approaching resistance, potential drop!

    EURJPY is approaching our first resistance at 130.33 (horizontal pullback resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 128.03 (horizontal swing low support, 61.8% Fibonacci retracement). RSI (89) is seeing a bearish exit and we might see a corresponding […]

  • USDJPY approaching resistance, potential drop!

    USDJPY is approaching our first resistance at 113.47 (horizontal pullback resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 112.15 (horizontal overlap support, 100% Fibonacci extension, 50% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line […]

  • Summary

    Today we are seeing a nice setup on USDJPY and EURJPY as it is approaching resistance where we are expecting a drop below this level. Here are some of our nice calls previously: XAUUSD dropped perfectly from our first resistance to hit our major support target: https://www.tradingview.com/chart/XAUUSD/7HS8ulyh-XAUUSD-approaching-resistance-potential-drop/ CHFJPY dropped nicely below our first resistance and […]