Filtered by date: 11.10.2018. Clear
  • S&P 500 is close to 200-SMA, markets hope that the Fed will retreat

    World stock markets plunged into gloom on Wednesday after investors questioned the steadfast posture of US stock indices. The wave of correction, the strongest since February 2018, has lashed on American stocks, reflecting the unanimous opinion of investors that Powell has “overdone” with hawkish comments in his last speech.

  • GBPUSD is approaching resistance, potential drop!

    GBPUSD is approaching our first resistance at 1.3240 (horizontal pullback resistance, 61.8%, 100% Fibonacci extension, 78.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.3138 (horizontal overlap support, 50% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop […]

  • USDJPY is approaching support, potential bounce!

    USDJPY is approaching our first support at 112.15 (Horizontal overlap support, 50% Fibonacci retracement, 100% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 112.94 (horizontal pullback resistance, 38.2% Fibonacci retracement). Stochastic (34,5,3) is also approaching support and we might see a corresponding rise in […]

  • EURCAD approaching resistance, potential drop!

    EURCAD is approaching our first resistance at 1.5090 (horizontal pullback resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.4942 (horizontal pullback support, 50% Fibonacci retracement). RSI (34) is approaching resistance and we might see a corresponding drop in price. […]

  • USDCAD approaching resistance, potential drop!

    USDCAD is approaching our first resistance at 1.3074 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 1.2934 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (34) is also facing bearish pressure and we might see a […]

  • Summary

    Today we are seeing a nice setup on USDCAD and EURCAD where we are expecting a drop below this level. Here are some of our nice calls previously: AUDJPY reversed perfectly off our first resistance and reached our major support target: https://www.tradingview.com/chart/AUDJPY/EjA9ksQh-AUDJPY-approaching-resistance-potential-drop/ CHFJPY dropped perfectly below our first resistance to hit our major support target: […]

  • Russian ruble could be targeting level 69

    Today we discuss what the Russian ruble is up to and wonder what is going to happen with Canadian currency and American index S&P500.