Filtered by date: 25.10.2018. Clear
  • What to pay attention to ahead of ECB policy decision today

    European economic data has been precluding the ECB from adding confidence in the tone for relatively long time.

  • Oil is going up, but probably not for long

    Today we discuss what is happening with the oil, British currency and Japanese yen.

  • CHFJPY approaching support, potential bounce!

    CHFJPY is approaching our first support at 112.50 (horizontal pullback support, long term ascending support line, 61.8% fibonacci extension, 61.8% fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 114.05 (Horizontal pullback support, 100% fibonacci extension, 61.8% fibonacci retracement). Stochastic (55,5,3) is seeing a bullish […]

  • NZDJPY approaching support, potential bounce!

    NZDJPY is approaching our first support at 72.79 (Horizontal swing low support, 76.4% fibonacci retracement, 100% Fiboancci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 73.54 (horizontal swing low support, 50% fibonacci retracement). Stochastic (89,5,3) is approaching support and we might see a corresponding rise […]

  • NZDCAD approaching resistance, potential drop!

    NZDCAD is approaching our first resistance at 0.8508 (Horizontal overlap resistance, 23.6% fiboancci retracement) and a strong drop might occur pushing price down to our major support at 0.8429 (61.8% Fibonacci extension). RSI (89) is also seeing a bearish exit and we might see a corresponding drop in price. Trading CFDs on margin carries high […]

  • EURGBP approaching resistance, potential drop!

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

  • Summary

    Today we are seeing a nice setup on CHFJPY and NZDJPY as it is approaching support where we expect a bounce above this level. Here are some of our nice calls previously: USDCAD dropped perfectly from our first resistance to hit our major support target: https://www.tradingview.com/chart/USDCAD/0ZkjcElW-USDCAD-approaching-resistance-potential-drop/ GBPCHF dropped perfectly below our first resistance to hit […]