Filtered by date: 01.02.2019. Clear
  • Preparing for January Payrolls: why the NFP could be a particularly market-moving event today

    The Labor Department is due to release a monthly update on the US jobs market today. Taking into account the Federal Reserve’s warning on Wednesday that the policy “will rely on incoming data” and cagey vision of the upper bound of neutral rate, an upside surprise in labor data may become the powerful catalyst for upward shift of rate hike expectations. Fed’s “patience” in raising rates does not necessarily mean they gave up tightening plans completely. We have to keep this mind.

  • USDJPY approaching resistance, potential drop!

    USDJPY is approaching our first resistance at 109.14 (horizontal pullback resistance, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 108.74 (horizontal swing low support, 61.8% Fibonacci retracement). Stochastic (21,5,3) is approaching resistance where we might see a drop in price. […]

  • GBPCAD approaching support, potential bounce!

    GBPCAD is approaching our first support at 1.7056 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.7292 (horizontal swing high resistance, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching support where we might see a corresponding […]

  • USDCAD approaching support, potential bounce!

    USDCAD is approaching our first support level at 1.3052 (horizontal swing low 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 1.3208 (horizontal pullback resistance, 50% Fibonacci retracement). Stochastic (55,5,3) is also approaching support where we might see a corresponding […]

  • EURCHF approaching support potential bounce!

    EURCHF is approaching our first support at 1.1344 (horizontal pullback support, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.1385 (50% Fibonacci retracement). Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price. Trading CFDs […]

  • Summary

    We are seeing a nice setup on EURCHF and USDCAD as it is approaching support where we are expecting a bounce above this level. USDCHF bounced perfectly from our first support to hit our resistance target: https://www.tradingview.com/chart/USDCHF/3grdTxxq-USDCHF-approaching-support-potential-bounce/