Filtered by date: 15.10.2018. Clear
  • The Fed is waiting for inflation but it’s not here yet

    The Fed is waiting for inflation but it’s not here yet. Excluding fuel prices, import prices remained unchanged in September, the Ministry of Commerce reported on Friday. Export prices saw no changes in September, after declining by 0.2% and 0.5% over the previous two months.

  • USDCAD is approaching resistance, potential drop!

    USDCAD is approaching our first resistance at 1.3074 (horizontal swing high resistance, 76.4% Fibonacci retracement) 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 (89,5,3) is also approaching resistance and we might see a corresponding drop in price […]

  • NZDCAD approaching resistance, potential drop!

    NZDCAD is approaching our first resistance at 0.8510 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.8374 (horizontal swing low support, 76.4% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop […]

  • GBPJPY approaching resistance, potential drop!

    GBJPY is approaching our first resistance at 147.16 (horizontal overlap resistance, 23.6% Fibonacci retracement) and a strong drop might occur pushing price down to our major support at 144.86 (horizontal overlap support, 50% Fibonacci retracement). RSI (55) is also seeing a bearish exit and we might see a corresponding drop in price. Ichimoku cloud is […]

  • CHFJPY approaching resistance, potential drop!

    CHFJPY is approaching our first resistance at 113.26 (horizontal pullback resistance, breakout level) and a price might potentially drop to our major support at 112.16 (horizontal pullback support, 61.8% Fibonacci extension, 61.8%, 78.6% Fibonacci retracement, long term ascending support line). RSI (89) is also seeing a bearish exit and we might see a corresponding drop […]

  • Summary

    Today we are seeing a nice setup on CHFJPY and GBPJPY as it is approaching resistance where we are expecting a drop below this level. Here are some of our nice calls previously: EURGBP bounced perfectly up from our first support and is approaching our major resistance target: https://www.tradingview.com/chart/EURGBP/ZmRSDtlt-EURGBP-approaching-support-potential-bounce/ GBPJPY reversed nicely below our first […]