Filtered by date: 14.03.2019. Clear
  • Lunar Year weighs on February data but the outlook remains dim

    Industrial production growth in China slowed to a 17-year low in the first two months of this year, fueling expectations that the “difficult child” of the Chinese economy will draw more attention from the authorities, mainly in the form of financial support.

  • Could the Ruble Break the Level of 65?

    Today we discuss what Russian ruble is currently up to and ponder what is happening to the stock index S&P500 and gold.

  • Brexit and its Impact on the FX Market

    The UK and the EU are soon hoping to agree on the basis for the UK to withdraw from the Union, before the 29th of March 2019.

  • CADJPY approaching resistance, potential drop!

    CADJPY is approaching our first resistance at 84.09 (horizontal swing high resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level to our major support at 83.29 (horizontal pullback support, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading […]

  • NZDCHF approaching resistance, potential drop!

    NZDCHF is approaching our first resistance at 0.6947 (horizontal swing high resistance, 100% Fibonacci extension, 78.6% Fibonacci retracement) where a strong drop might occur below this level to our major support at 0.6779 (horizontal swing low support, 38.2% fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price. […]

  • USDCHF approaching support, potential bounce!

    USDCHF is approaching our first support at 1.001 (horizontal pullback support, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level to our major resistance at 1.0071 (horizontal pullback resistance, 50% Fibonacci retracement). Stochastic (89,5,3) is approaching support as well. Trading CFDs on margin carries high risk. Losses can exceed […]

  • NZDJPY approaching resistance, potential drop!

    NZDJPY is approaching our first resistance at 76.62 (horizontal pullback resistance, 61.8%, 100% Fibonacci extension, 76.4% Fibonacci retracement) where a strong drop might occur below this level to our major support at 77.22 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price. […]

  • Summary

    We are seeing a nice setup on USDCHF as it is approaching support where we are expecting a bounce above this level. We are also seeing a nice setup on NZDJPY as it is approaching resistance where we are expecting a drop below this level.