Filtered by date: 07.11.2018. Clear
  • Strengthening of the Democrats sends relief waves over the US stock market

    US Congress elections were deemed as the main source of “headwinds” for Trump’s somewhat reckless policies, so the market was in no hurry to make guesses on the long-term consequences of the president’s threats and initiatives, betting on the temporary freedom of White House’s power.

  • EURUSD approaching resistance, potential drop!

    EURUSD is approaching our first resistance at 1.1453 (horizontal overlap resistance, 100% fibonacci extension, 50% fiboancci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.1301 (horizontal swing low support, 61.8% fibonacci extension). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop […]

  • USDCAD approaching resistance, potential drop!

    USDCAD is approaching our first resistance at 1.3205 (horizontal swing high resistance, 61.8%, 100% fiboancci extension, 78.6% fiboancci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.3078 (horizontal swing low support, 76.4% fiboancci retracement, ascending channel support). Stochastic (34,5,3) is also approaching resistance and we […]

  • AUDCAD approaching resistance, potential drop!

    AUDCAD is approaching our first resistance at 0.9518 (Horizontal swing high resistance, 38.2%, 50% Fibonacci retracement, 100% fibonacci extension, descending channel resistance) and a strong drop might occur pushing price down to our major support at 0.9346 (horizontal pullback support, 50% fibonacci retracement). Stochastic (55,5,3) is also approaching resistance and we might see a corresponding […]

  • Summary

    Today we are seeing a nice setup on USDCAD and AUDCAD as it is approaching support where we expect a bounce above this level. Here are some of our nice calls previously: USDCHF bounced perfectly above our first support: https://www.tradingview.com/chart/USDCAD/QEWVk6IB-USDCAD-approaching-support-potential-bounce/

  • GBPUSD approaching resistance, potential drop!

    GBPUSD is approaching our first resistance at 1.3302 (Horizontal swing high resistance, 100% fiboancci extension, 38.2% fiboancci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.2961 (Horizontal swing low support, 61.8% fiboancci extension, 61.8% fiboancci retracement). Stochastic (89,5,3) is also approaching resistance and we might […]