Filtered by date: 04.03.2019. Clear
  • Is the Fed’s “patient” approach poorly timed?

    Nothing can augment the market’s reaction to positive news better than waiting for the Monday opening to actually produce this reaction.

  • Oil Appears to Be Dropping But for How Long?

    Today we discuss what is going on with oil, British currency and stock market index S&P500.

  • GBPNZD approaching support, potential bounce!

    GBPNZD is approaching our first support at 1.9333 (horizontal swing low support, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where we might see a strong bounce above our support to our major resistance at 1.9568 (100% Fibonacci extension). Stochastic (21,5,3) is also approaching support where we might see a corresponding bounce in price. Trading CFDs on […]

  • USDCHF approaching resistance, potential drop!

    USDCHF is approaching our first resistance at 1.0032 (horizontal overlap 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 0.9993 (38.2% fibonacci retracement). Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs […]

  • AUDUSD approaching support, potential bounce!

    AUDUSD is approaching our first support at 0.7057 (horizontal swing low support, 61.8%, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7143 (horizontal overlap resistance, 61.8% Fibonacci retracement). Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price. […]

  • NZDUSD approaching support, potential bounce!

    NZDUSD is approaching our first support at 0.6768 (horizontal overlap support, 61.8%, 100% Fibonacci extension, 76.4% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 0.6850 (horizontal swing high resistance, 61.8% Fibonacci retracement). Stochastic (34,5,3) is also seeing a bullish divergence and approaching support where […]

  • Summary

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