Filtered by date: 12.03.2019. Clear
  • Retail sales still miss welcomed rebound in car sales

    In the first quarter of 2019, the US economy did not perform a miracle. Retail sales rose a mere 0.2% in January, after the little tragedy in December, when the seasonally favorable month was marked by surprisingly sluggish consumer activity. The revised value for December was probably the biggest negative point of yesterday’s report.

  • EURCHF approaching support, potential bounce!

    EURCHF is approaching our first support at 1.1369 (horizontal pullback support, 23.6% Fibonacci retracement) where a strong bounce might occur above this level to our major resistance at 1.1406 (100% Fibonacci extension, horizontal swing high resistance). Ichmoku cloud is showing signs of bullish bias as well. Trading CFDs on margin carries high risk. Losses can […]

  • GBPNZD approaching resistance, potential drop!

    GBPNZD is approaching our first resistance at 1.9421 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.1332 (61.8% Fibonacci retracement). Stochastic (21,5,3) is also approaching resistance where we might see a drop in price. Trading CFDs […]

  • NZDCHF approaching resistance, potential drop!

    NZDCHF is approaching our first resistance at 0.6945 (horizontal swing high resistance, 76.4% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.9278 (horizontal swing low support, 38.2% Fibonacci retracement). Stochastic (34,5,3) is also approaching resistance where we might see a drop […]

  • EURNZD approaching support, potential bounce!

    EURNZD is approaching our first support at 1.6327 (horizontal swing low support, 100% Fibonacci extension) where a strong bounce might occur above this level to our major resistance at 1.6529 (23.6% Fibonacci retracement). Stochastic (34,5,3) is also approaching our support where we might see a bounce in price. Trading CFDs on margin carries high risk. […]

  • Summary

    We are seeing a nice setup on NZDCHF and GBPNZD as it is approaching resistance where we are expecting a drop below this level.