Filtered by date: 31.01.2019. Clear
  • The Fed is at markets’ beck and call, takes strong risk-averse stance

    The Fed has surpassed itself in its intent “to be of service for financial markets”, as the contrast of fresh January policy update with the December statement was really unprecedented:

  • Oil Seems to Be on The Rise

    Today we discuss the reasons for oil to jump up. We also review the current state that the British currency and American index S&P500 are now in.

  • USDCHF approaching support, potential bounce!

    USDCHF is approaching our first support, at 0.9924 (horizontal pullback support, 100% Fibonacci extension, 78.6% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 0.9939 (horizontal pullback resistance, 23.6% Fibonacci retracement). Stochastic (21,5,3) is also approaching support where we might see a corresponding drop in […]

  • AUDCAD approaching resistance, potential drop!

    AUDCAD is approaching our first resistance at 0.9550 (horizontal swing high resistance, 100% Fibonacci extension, 76.4% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 0.9526 (horizontal swing low support, 38.2% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price. […]

  • EURUSD approaching resistance, potential drop!

    EURUSD is approaching our first resistance at 1.1503 (horizontal pullback resistance, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 1.1443 (horizontal pullback support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in […]

  • USDJPY approaching resistance, potential drop!

    USDJPY is approaching our first resistance at 109.14 (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 108.74 (horizontal overlap support, 23.6% Fibonacci retracement). RSI (21) is also seeing a bearish exit where we might see a corresponding drop in price. […]

  • Summary

    We are seeing a nice setup on USDJPY and EURUSD as it is approaching resistance where we are expecting a drop below this level. GBPCAD dropped nicely below our first resistance and is reaching our major support target: https://www.tradingview.com/chart/GBPCAD/aPxQUb5g-GBPCAD-approaching-resistance-potential-drop/