Filtered by date: 04.01.2019. Clear
  • The paradoxes of December’s NFP

    While Trump has shut down the government and some government agencies went on vacation, the labor ministry was able to secure funding.

  • EURCAD approaching support, potential bounce!

    EURCAD is approaching our first support at 1.5316 (horizontal pullback support, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 1.5618 (horizontal swing high resistance, 61.8% Fibonacci retracement). Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce […]

  • EURAUD approaching resistance, potential drop!

    EURAUD is approaching our first resistance at 1.6358 (horizontal swing high resistance, 50% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 1.5960 (50% fibonacci retracement, 61.8% fibonacci extension). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin […]

  • USDCAD approaching resistance, potential drop!

    USDCAD is approaching our first resistance at 1.3675 (horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 1.3301 (horizontal pullback support, 23.6% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading […]

  • EURCHF approaching resistance, potential drop!

    EURCHF is approaching our first resistance at 1.1286 (horizontal swing high resistance, 61.8% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 1.1183 (horizontal swing low support). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high […]

  • Summary

    Today we are seeing a nice setup on USDCAD and EURCHF as it is approaching resistance where we are expecting a drop below this level. Here are some of our nice calls previously: AUDJPY dropped perfectly below our first resistance to hit our major support target: https://www.tradingview.com/chart/AUDJPY/0oaF7kRY-AUDJPY-approaching-resistance-potential-drop/