Filtered by date: 27.02.2019. Clear
  • US-North Korea Summit may finally bring peace to the Korean peninsula.

    Asian stocks strengthened to 5-month highs on Wednesday, and the dollar is trying to bounce from three-week lows after the comments of Fed Chairman Jeremy Powell, once again indicating that the US Central Bank will “be patient” in determining the course of monetary policy this year.

  • NZDUSD approaching resistance, potential drop!

    NZDUSD is approaching our first resistance at 0.6936 (horizontal swing high resistance, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 0.6897 (horizontal pullback support, 61.8% Fibonacci retracement). Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop […]

  • EURUSD approaching resistance, potential drop!

    EURUSD is approaching our first resistance at 1.1408 (horizontal pullback resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.1350 (horizontal swing low support, 61.8% Fibonacci retracement). Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop […]

  • EURAUD approaching resistance, potential drop!

    EURAUD is approaching our first resistance at 1.5916 (50% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.5863 (50% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries […]

  • GBPCAD approaching resistance, potential drop!

    GBPCAD is approaching our first resistance at 1.7502 (horizontal swing high resistance, 100%, 61.8% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.7263 (horizontal pullback support, 50% Fibonacci retracement). Stochastic (34,5,3) is also approaching resistance where we might see a corresponding […]

  • Summary

    We are seeing a nice setup on GBPCAD and EURAUD as it is approaching resistance where we are expecting a drop below this level. EURCAD dropped nicely from our first resistance level and is approaching our major support target: https://www.tradingview.com/chart/EURCAD/qh5nE4jf-EURCAD-approaching-resistance-potential-drop/