Filtered by date: 06.11.2018. Clear
  • Mid-term elections keep global markets in suspense

    The index of economic activity in US manufacturing and services sectors came at 60.3 points in October, beating the expectations of 59 points.

  • CHFJPY approaching resistance, potential drop!

    CHFJPY is approaching our first resistance at 113.97 (Horizontal pullback resistance, 38.2% fibonacci retracement, 61.8% fibonacci extension) where a strong drop might occur pushing price down to our major support at 112.22 (horizontal swing low support, 76.4% fibonacci retracement). Stochastic (34,5,3) is also approaching resistance and we might see a corresonding drop in price. Trading […]

  • XAGUSD approaching resistance, potential drop!

    XAGUSD is approaching our first resistance at 15.20 (Horizontal pullback resistance, 61.8%, 100% fibonacci extension, 38.2% fibonaccci retracement) where a strong drop might occur pushing price down to our major support at 14.58 (Horizontal overlap support, 61.8% fibonacci extension, 61.8% fibonaccci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a corresonding drop […]

  • AUDUSD approaching resistance, potential drop!

    AUDUSD is approaching our first resistance at 0.7293 (horizontal swing high resistance, 100% fibonacci extension, 23.6% fibonacci retracement, descending channel resistance) where a strong drop might occur pushing price down to our major support at 0.7152 (horizontal pullback support, 100% fibonacci extension, 50% fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might see […]

  • GBPJPY approaching resistance, potential drop!

    Price is testing our first resistance at 148.91 (horizontal swing high resistance, 61.8% fibonacci extension, 50% fibonacci retracement, descending channel resistance) where a strong drop might occur pushing price down to our major support at 145.14 (61.8% fibonacci retracement, 61.8% fibonacci extension ). Stochastic (55,5,3) is also approaching resistance where we might see a corresonding […]

  • Summary

    Today we are seeing a nice setup on GBPJPY and CHFJPY as it is approaching resistance where we are expecting a drop below this level. Here are our nice calls previously: XAUUSD dropped perfectly below our first resistance: https://www.tradingview.com/chart/XAUUSD/mDwMVZY1-XAUUSD-approaching-resistance-potential-drop/