Filtered by date: 01.03.2019. Clear
  • UK factories are preparing for “Brexit winter”

    Despite the relatively bright consumer picture in the UK, the factories associate Brexit with strong uncertainty.

  • EURUSD approaching support, potential bounce!

    EURUSD is approaching our first support at 1.352 (horizontal overlap support, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where we might see a strong bounce above our support to our major resistance at 1.1440 (horizontal pullback resistance, 61.8%, 76.4% Fibonacci retracement). Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price. […]

  • GBPUSD approaching support, potential bounce!

    GBPUSD is approaching our first support at 1.3212 (horizontal pullback support, 100% Fibonacci extension, 23.6%, 38.2% Fibonacci retracement) where we might see a strong bounce above our support to our major resistance at 1.3350 (swing high resistance). Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price. Trading CFDs on […]

  • NZDJPY approaching resistance, potential drop!

    NZDJPY is approaching our first resistance at 76.66 (76.4% Fibonacci retracement, 61.8% Fibonacci extension, horizontal pullback resistance) where a strong drop might occur below this level pushing price down to our major support at 74.98 (horizontal swing low support, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop […]

  • CADJPY approaching resistance, potential drop!

    CADJPY is approaching our first resistance at 84.86 (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 83.55 (Horizontal overlap support, 38.2% Fibonacci retracement). Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in […]

  • Summary

    We are seeing a nice setup on NZDJPY and CADJPY as it is approaching resistance where we might be seeing a drop below this level. XAUUSD dropped nicely from our first resistance level and is approaching our major support target: https://www.tradingview.com/chart/XAUUSD/PVCy3MIu-XAUUSD-approaching-resistance-potential-drop/