Filtered by date: 21.01.2019. Clear
  • Chinese data shows some positive surprises, but markets remain wary

    Chinese economy continued to lose steam in the fourth quarter of 2018 due to the growing constraints in consumer spending amid worsening household optimism and the shock in external demand caused by US tariffs. Output in China posted the weakest growth in almost 30 years, forcing Beijing to put the economy back in a strong dependence on debt.

  • Is the Russian Ruble About to Jump Up?

    Today we discuss what the Russian currency is up to and analyze oil price chart. We also ponder where single currency is going to head.

  • UK100 approaching resistance, potential drop!

    UK100 is approaching our first resistance at 7013 (50%, 78.6% fibonacci retracement, 61.8% fibonacci extension, horizontal swing high resistance) and a strong drop might occur below this level pushing price down to our major support at 6771 (61.8% fibonacci extension, 50% fibonacci retracement, horizontal pullback support). Stochastic (83,5,3) is also approaching resistance and we might […]

  • NZDCHF approaching resistance, potential drop!

    NZDCHF is approaching our first resistance at 0.6742 (Horizontal pullback resistance, 50% Fibonacci retracement, 100% Fiboancci extension) and a strong drop might occur pushing price down to our major support at 0.6591 (Horizontal swing low support). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off […]

  • SPX approaching resistance, potential drop!

    SPX is approaching our first resistance at 2703 (100% fibonacci extension, 76.4% fibonacci retracement, horizontal swing high resistance) and a strong drop might occur pushing price down to our major support at 2508 (50% fibonacci retracement, horizontal pullback support). RSI (34) is also approaching resistance and we might see a corresponding drop in price should […]

  • AUDJPY approaching resistance, potential drop!

    AUDJPY is approaching our first resistance at 78.84 (horizontal pullback resistance, 161.8% Fibonacci extension, 61.8% Fibonacci retracement) and a strong drop might occur pushing price down to our major support at 75.94 (38.2% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this […]

  • Summary

    Today we are seeing a nice setup on SPX and NZDCHF as it is approaching resistance where we expect a drop below this level. Here are some of our nice calls previously: NZDUSD drop nicely below our first resistance: https://www.tradingview.com/chart/NZDUSD/ZUEesWPV-NZDUSD-approaching-resistance-potential-drop/ GBPUSD drop nicely below our first resistance: https://www.tradingview.com/chart/GBPUSD/HwuRF6mC-GBPUSD-approaching-resistance-potential-drop/