Filtered by date: 19.10.2018. Clear
  • Sinking Chinese ship to stay afloat for a while thanks to PBOC measures

    For five months in a row, macroeconomic data had been questioning the stability of the Chinese economy and September was no exception. The data for September failed to bring calm into the masses, once again stressing that the addiction to credit is rapidly developing into a dysfunction of the manufacturing sector.

  • NZDCAD approaching resistance, potential drop!

    NZDCAD is approaching our first resistance at 0.8595 (horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.8463 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance and seeing a bearish divergence and we […]

  • CHFJPY approaching support, potential bounce!

    CHFJPY is approaching our first support at 112.16 (horizontal pullback support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension, short term ascending support line) where a strong bounce might occur above this level pushing price up to our major resistance at 114.20 (horizontal pullback resistance). Stochastic (55,5,3) is approaching support and seeing a bullish divergence and we […]

  • GBPAUD approaching resistance, potential drop!

    GBPAUD is approaching our first resistance at 1.8388 (horizontal pullback resistance, 23.6% Fibonacci retracement) and a strong drop might occur pushing price down to our major support at 1.8015 (horizontal swing low support, 50% Fibonacci retracement). RSI (89) is also seeing a bearish exit and we might see a corresponding drop in price. Trading CFDs […]

  • EURAUD approaching resistance, potential drop!

    EURAUD is approaching our first resistance at 1.6148 (horizontal pullback resistance, 23.6% Fibonacci retracement) and a strong drop might occur pushing price down to our major support at 1.6074 (horizontal pullback support, 76.4% Fibonacci retracement, 100% Fibonacci extension). Stochastic (21) is also facing bearish pressure and we might see a corresponding drop in price. Trading […]

  • Summary

    Today we are seeing a nice setup on GBPAUD and EURAUD as it is approaching resistance where we are expecting a drop below this level. Here are some of our nice calls previously: USDJPY reversed perfectly below our first resistance to hit our major support target: https://www.tradingview.com/chart/USDJPY/4L0BP74U-USDJPY-approaching-resistance-potential-drop/ USDCAD bounced perfectly above our first support to […]