Filtered by date: 18.10.2018. Clear
  • Chinese slack comes back to forefront as the Fed maintains confident about economy outlook

    US dollar rose to a weekly high on Thursday, after the minutes of the Fed meeting in September pointed to the unanimous opinion of committee members about the need to tighten policies.

  • Is gold about to head up?

    Today we discuss what the gold is currently up to, and ponder why Australian currency keeps going down and what is going to happen with American index S&P500 anytime soon.

  • GBPUSD approaching support, potential bounce!

    GBPUSD is approaching our first support at 1.3024 (horizontal swing low support, 61.8%, 100% fibonacci extension, 76.4% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1.3134 (Horizontal overlap resistance, 50% fibonacci retracement). Stochastic (89,5,3) is also approaching support and we might see a corresponding […]

  • USDJPY approaching resistance, potential drop!

    USDJPY is approaching our first resistance at 112.82 (38.2% fibonacci retracement, 100% fibonacci extension, horizontal pullback resistance) and a strong drop might occur pushing price down to our major support at 112.08 (Horizontal swing low support, 61.8% fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should […]

  • EURGBP approaching resistance, potential drop!

    EURGBP is approaching our first resistance at 0.8858 (horizontal pullback resistance, 38.2%, 50% fibonacci retracement, 100% fibonacci extension) and a strong drop might occur pushing price down to our major support at 0.8724 (100% fibonacci extension, horizontal swing low support, 76.4% fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding […]

  • NZDJPY approaching support, potential bounce!

    NZDJPY is approaching our first support at 73.48 (horizontal overlap support, 38.2% fibonacci retracement, 100% fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 74.13 (horizontal swing high resistance). Stochastic (34,5,3) is also approaching support and we might see a corresponding bounce in price should […]

  • Summary

    Today we are seeing a nice setup on USDCAD and GBPJPY as it is approaching support where we expect a bounce above this level. Here are some of our nice calls previously: USDCAD bounced perfectly above our first support and is approaching our resistance target: https://www.tradingview.com/chart/USDCAD/cktLOa3S-USDCAD-approaching-support-potential-bounce/ GBPJPY dropped perfectly below our first resistance to hit […]