Filtered by date: 28.02.2019. Clear
  • Tremendous liquidity injections into Chinese economy go to nothing, as production continues to slide

    The Chinese economy in a state of recession resembles a sieve – no matter how much you inject the liquidity, it seems to be flowing away in an unknown direction.

  • Will USD/RUB Manage to Jump?

    Today we discuss what is going on with Russian currency and currency pair GBP/USD.

  • NZDUSD approaching resistance, potential drop!

    NZDUSD is approaching our first resistance at 0.6935 (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 (89,5,3) is also approaching resistance and we might see a corresponding drop […]

  • EURCAD approaching support, potential bounce!

    EURCAD is approaching our first support at 1.4914 (horizontal overlap support, 100%, 61.8% Fibonacci extension, 78.6% Fibonacci retracement) where we might see a strong bounce above our support to our major resistance at 1.4964 (38.2% Fibonacci retracement). Stochastic (55,5,3) is also approaching support where we might see a corresponding bounce in price. Trading CFDs on […]

  • XAUUSD approaching resistance, potential drop!

    XAUUSD is approaching our first resistance at 1323.81 (23.6% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1313.19 (76.4% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries […]

  • CADJPY approaching resistance, potential drop!

    CADJPY is approaching our first resistance at 84.76 (horizontal overlap resistance, 100%, Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 83.56 (38.2% Fibonacci retracement). Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs […]

  • Summary

    We are seeing a nice setup on CADJPY and XAUUSD as it is approaching resistance where we are expecting a drop below this level. EURUSD dropped nicely from our first resistance level and is approaching our major support target: https://www.tradingview.com/chart/EURUSD/PHpSB518-EURUSD-approaching-resistance-potential-drop/