Filtered by date: 30.11.2018. Clear
  • Fed-fueled rally fades as markets concentrate on Trump-Xi meeting

    In continuation of my Thursday discussion about the stock market rally, volatility responded curiously to Powell’s speech on Wednesday.

  • AUDUSD approaching resistance, potential drop!

    AUDUSD is approaching our first resistance at 0.7374 (horizontal swing high resistance, 100% Fibonacci extension, 76.4% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.7285 (61.8% Fibonacci extension, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and seeing a bearish divergence and we […]

  • XAUUSD approaching resistance, potential drop!

    XAUUSD is approaching our first resistance at 1234.00 (76.4% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing high resistance) where a strong drop might occur pushing price down to our major support at 1222.44 (61.8% Fibonacci extension, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance we might see a corresponding drop in price. Trading CFDs […]

  • GBPCAD approaching resistance, potential drop!

    GBPCAD is approaching our first resistance at 1.7048 (horizontal swing high resistance, 78.6% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur pushing price down to our major support at 1.6963 (61.8% Fibonacci extension, 76.4% Fibonacci retracement). Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading […]

  • NZDCAD approaching resistance, potential drop!

    NZDCAD is approaching our first resistance at 0.9228 (horizontal swing high resistance, 76.4% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur pushing price down to our major support at 0.9061 (100% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and seeing a bearish divergence where we might see a […]

  • Summary

    Today we are seeing a nice setup on AUDUSD and XAUUSD where they are approaching resistance where we are expecting a drop below this level. Here are some of our nice calls previously: US30 bounced perfectly above our first support level and is approaching our major resistance target: https://www.tradingview.com/chart/US30USD/K28Swbrc-US30-approaching-support-potential-bounce/ USDCAD dropped perfecty from our first […]

  • Powell was too “clear” which he now seems to regret

    The Fed has surrendered. Powell’s speech on Wednesday marked a steep downgrade in the Fed’s hawkish policy to a market-friendly one, since in just a month the outlook for several rate hikes has been trimmed to one, well, maybe two increases.

  • Russian Ruble Likely to Drop

    Today we discuss what Russian Ruble, oil and single currency are up to.

  • EURUSD approaching resistance, potential drop!

    EURUSD is approaching our first resistance at 1.1427 (horizontal swing high resistance, 61.8% fibonacci extension, 78.6% fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.1388 (Horizontal swing high support, 23.6% fibonacci retracement). Stochastic (55,5,3) is also approaching resistance and we might see a corresponding […]

  • USDCAD approaching support, potential bounce!

    USDCAD is approaching our first support at 1.3224 (23.6%, 76.4% fibonacci retracement, 100% fiboancci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.3381 (horizontal swing high resistance, 76.4% fiboancci retracement, 100% Fibonacci extension). Stochastic (21,5,3) is approaching support and we might see a corresponding rise […]

  • AUDJPY approaching resistance, potential drop!

    AUDJPY is approaching our first resistance at 80.03 (horizontal swing high resistance, 38.2% fibonacci retracement) and a strong drop might occur pushing price down to our major support at 82.37 (horizontal pullback support, 100% fibonacci extension, 50% fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should […]

  • UK100 approaching support, potential bounce!

    UK100 is approaching our first support at 6920 (61.8% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing low support) and a strong bounce might occur above this level pushing price up to our major resistance at 7220 (100% Fibonacci extension, 38.2%, 50% Fibonacci retracement, Horizontal overlap resistance). Stochastic (89,5,3) is also approaching support and we might […]

  • Summary

    Today we are seeing a nice setup on USDCAD and UK100 as it is approaching support where we expect a bounce above this level. Here are some of our nice calls previously: EURUSD bounced perfectly above our first support: https://www.tradingview.com/chart/EURUSD/9KqOgrgr-EURUSD-approaching-support-potential-bounce/ US30 bounced perfectly above our first support: https://www.tradingview.com/chart/US30USD/K28Swbrc-US30-approaching-support-potential-bounce/

  • Where is the dollar heading to? A review of major catalysts for the next week

    The weighted average dollar index DXY has been trending upwards from the end of September and a fair question is where the end of the rally is.

  • USDCAD approaching resistance, potential drop!

    USDCAD is approaching our first resistance at 1.3386 (Horizontal swing high resistance, 100% fibonacci extension, 76.4% fiboancci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.3247 (horizontal overlap support, 100% fibonacci extension, 23.6% fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might see […]