Filtered by date: 23.10.2018. Clear
  • Oil prices fall as Saudi Arabia assumes a dominant role in energy market

    Sanctions on Iranian oil and the risks of political isolation of Saudi Arabia after the murder of a journalist have created a ground for reflection about the supply shortage as a new, permanent reality.

  • GBPCHF approaching resistance, potential drop!

    GBPCHF is approaching our first resistance at 1.2954 (Horizontal pullback resistance, 23.6% fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.2819 (100% fibonacci extension). RSI (89) is also approaching resistance and we might see a corresponding drop in price should it react off this […]

  • USDCAD approaching resistance, potential drop!

    USDCAD is approaching our first resistance at 1.3120 (Horizontal pullback resistance, 76.4% fibonacci retracement, 100% fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 1.2991 (Horizontal pullback support, 100% fibonacci extension, 38.2% fibonacci retracment). Stochastic (55,5,3) is also approaching resistance and we might see a […]

  • USDJPY approaching resistance, potential drop!

    USDJPY is approaching our first resistance at 112.82 Horizontal overlap resistance, 100% fibonacci extension, 38.2% fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 112.11 (Horizontal swing low support, 100% fibonacci extension, 61.8% fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might see […]

  • NZDCHF approaching support, potential bounce!

    NZDCHF is approaching our first support at 0.6501 (Horizontal overlap support, 38.2% fibonacci retracement, 61.8% fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 0.6610 Horizontal swing high resistance, 38.2% fibonacci retracement). Stochastic (21,5,3) is also approaching support and we might see a corresponding bounce […]

  • Summary

    Today we are seeing a nice setup on USDCAD and USDJPY as it is approaching resistance where we expect a drop below this level. Here are some of our nice calls previously: XAUUSD reversed nicely below our first resistance: https://www.tradingview.com/chart/USDJPY/zBoKKt0B-XAUUSD-approaching-resistance-potential-drop/ EURGBP dropped perfectly from our first resistance: https://www.tradingview.com/chart/EURGBP/io041ldS-EURGBP-approaching-resistance-potential-drop/