Filtered by date: 25.01.2019. Clear
  • Euro growth runs out of steam after Draghi, Dollar may be preparing for a jump

    As I noted in my pre-ECB analysis yesterday, Draghi could push euro to the red, and it seems that indeed took the opportunity.

  • EURAUD approaching resistance, potential drop!

    EURAUD is approaching our first resistance at 1.6158 (Horizontal swing high resistance, 50% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 1.5813 (Horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price. […]

  • GBPJPY testing resistance, potential drop!

    GBPJPY is testing our first resistance at 145.51 (horizontal swing high resistance, 78.6% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 142.48 (Horizontal pullback support, 50% Fibonacci retracement). Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin […]

  • GBPCAD approaching resistance, potential drop!

    GBPCAD is approaching our first resistance at 1.7526 (horizontal swing high resistance, 78.6% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur pushing price down to our major support at 1.7055 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price. […]

  • EURCAD approaching support, potential bounce!

    EURCAD is approaching our first support at 1.4971 (ascending channel’s support, 76.4% Fibonacci, retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.5296 (horizontal swing high resistance, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching our support where we might see a corresponding […]

  • Summary

    We are seeing a nice setup on GBPCAD and GBPJPY where we are seeing a potential drop below this level. Here are some of our nice calls previously: CHFJPY reversed nicely below our first resistance and is near our profit target before bouncing up again: https://www.tradingview.com/chart/CHFJPY/dgkyg60E-CHFJPY-approaching-resistance-potential-drop/ EURCAD droped perfectly below our first resistance to hit […]