Filtered by date: 28.01.2019. Clear
  • XAUCNY peg is back – What does this mean for the market sentiment?

    The PBOC unexpectedly lifted the Yuan reference exchange rate against the dollar on Monday, sending a favorable signal to investors before the start of the next round of talks between the United States and China this week.

  • Euro on The Rise

    Today we discuss what is going on with single currency, Russian ruble and American index S&P500.

  • USDCHF approaching support, potential bounce!

    USDCHF is approaching our first support at 0.99211 (Horizontal pullback support, 100% fibonacci extension, 23.6% fibonacci retracement, Elliot wave structure) and a strong bounce might occur below this level pushing price up to our major resistance at 0.9988 (Horizontal swing high resistance). Stochastic (34,5,3) is also approaching support and we might see a corresponding bounce […]

  • UK100 approaching support, potential bounce!

    UK100 is approaching our first support at 6771 (61.8%, 100% fibonacci extension, 50% fibonacci retracement, horizontal overlap support) and a strong bounce might occur below this level pushing price up to our major resistance at 7002 (76.4% fibonacci retracement, horizontal swing high resistance). Stochastic (89,5,3) is also approaching support and we might see a corresponding […]

  • GBPCAD approaching resistance, potential drop!

    GBPCAD is approaching our first resistance at 1.7549 (100% Fibonacci extension, 50%, 78.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.7055 (61.8% Fibonacci retracement, Horizontal swing low support). Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price […]

  • SPX approaching resistance, potential drop!

    SPX is approaching our first resistance at 2703 (100% fibonacci extension, 76.4% fibonacci retracemen, horizontal swing high resistance) and a strong drop might occur below this level pushing price down to our major support at 2508 (50% fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop […]

  • Summary

    Today we are seeing a nice setup on SPX and GBPCAD as it is approaching resistance where we expect a drop below this level. Here are some of our nice calls previously: GBPCAD reversed nicely from our first resistance: https://www.tradingview.com/chart/GBPCAD/Fn7Q552U-GBPCAD-approaching-resistance-potential-drop/ EURCAD reversed nicely from our first resistance to hit our major support target: https://www.tradingview.com/chart/EURCAD/jlsuClja-EURCAD-approaching-resistance-potential-drop/