Filtered by date: 10.10.2018. Clear
  • Gold peg to Yuan tightens as economy outlook deteriorates

    Donald Trump repeated his biggest threat on Tuesday that China could face tariffs on all exports to the United States if it attempts to retaliate previous rounds of tariffs. Verbal pressure gains magnitude amid growing slack in the Chinese economy which becomes increasingly hard to deny. The authorities can keep unmoved countenance in front of confirmed patriots.

  • AUDUSD is approaching support, potential bounce!

    AUDUSD is approaching our first support at 0.7087 (horizontal overlap support, 50% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 0.7176 (50% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (34) is also approaching support and we might see a corresponding rise in price should it […]

  • USDCAD is approaching support, potential bounce!

    USDCAD is approaching our first support at 1.2887 (Horizontal overlap support, 50% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1.2997 (horizontal swing high resistance, 76.4% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (55,5,3) is also approaching support and we might see a corresponding rise […]

  • CADJPY approaching resistance, potential drop!

    CADJPY is approaching our first resistance at 87.47 (horizontal swing high 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 86.54 (horizontal overlap support, 50% Fibonacci retracement, 100% Fibonacci extension). RSI (89) is seeing a bearish exit and we might […]

  • XAUUSD approaching resistance, potential drop!

    XAUUSD is approaching our first resistance at 1192.86 (horizontal overlap resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 1185.48 (horizontal overlap support). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. RSI (34) […]

  • Summary

    Today we are seeing a nice setup on XAUUSD and CADJPY where we are approaching resistance where we expect a drop below this level. Here are some of our nice calls previously: USDJPY reversed perfectly below our first resistance and is approaching our majro support target: https://www.tradingview.com/chart/USDJPY/SqkdI7tn-USDJPY-approaching-resistance-potential-drop/