Filtered by date: 07.02.2019. Clear
  • What to expect from the Bank of England today?

    It is clear that with the looming deadline for UK’s withdrawal from the EU, the horizon of policy guidance, which the BoE can offer to the markets, is proportionally reducing.

  • GBPJPY approaching resistance, potential drop!

    GBPJPY is approaching our first resistance at 146.02 (horizontal overlap resistance, 50%, 61.8% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 141.83 (horizontal pullback support, 50% Fibonacci retracement). Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure […]

  • CADJPY approaching support, potential bounce!

    CADJPY is approaching our first support at 82.47 (Horizontal swing low support, 100% Fibonacci extension, 23.6% Fibonacci retracment) where a strong bounce might occur above this level pushing price up to our major resistance at 73.06 (Horizontal overlap resistance, 38.2% Fibonacci retracement). Stochastic (55,5,3) is approaching support and we might see a corresponding rise in […]

  • EURGBP approaching resistance, potential drop!

    EURGBP is approaching our first resistance at 0.8857 (horizontal swing high resistance, 50% Fibonacci retracement, 100% fibonacci extension) and a strong drop might occur pushing price down to our major support at 0.8765 (38.2% Fibonacci retracement). Stochastic (89, 5, 3) is also approaching resistance and we might see a corresponding drop in price should it […]

  • CHFJPY approaching support, potential bounce!

    CHFJPY is approaching our first support at 109.34 (Horizontal swing low support, 76.4% Fibonacci retracement, 100% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 109.73 (Horizontal overlap resistance, 38.2% Fibonacci retracement). Stochastic (34,5,3) is also approaching support and we might see a corresponding bounce […]

  • Summary

    Today we are seeing a nice setup on EURGBP and GBPJPY as it is approaching resistance where we expect a drop below this level. Here are some of our nice calls previously: GBPAUD bounced perfectly from our first support to hit our major resistance target: https://www.tradingview.com/chart/GBPAUD/1zhaIyZB-GBPAUD-approaching-support-potential-bounce/ EURGBP bounced perfectly from our first support to hit […]

  • Is Oil About to Jump Up?

    Today we review the oil prices as well as current state of Swiss franc and single currency.