Filtered by date: 19.03.2019. Clear
  • Only recession could be worse: Why the Fed’s Wednesday surprise lies between neutral to mildly bullish range.

    On the eve of the FOMC decision on Wednesday, the market is contemplating two base case scenarios: soft policy comments, while preserving the possibility of 1 rate hike this year and 1 in 2020, or an even softer bias with only 1 rate hike in 2019 with a corresponding downside revision of economic forecast.

  • AUDCAD approaching resistance, potential drop!

    AUDCAD is approaching our first resistance at 0.9487 (horizontal swing high resistance, 61.8% Fibonacci retracement, 100%, 61.8% Fibonacci extension) where a strong drop might occur below this level to our major support at 0.9423 (horizontal swing low support, 61.8% Fibonacci retracement). Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in […]

  • USDCAD approaching support, potential bounce!

    USDCAD is approaching our first support at 1.3241 (horizontal pullback support, 61.8% Fibonacci retracement, 100%, 61.8% Fibonacci extension) where a strong bounce might occur above this level to our major resistance at 1.3381 (horizontal pullback resistance, 61.8% Fibonacci retracement). Stochastic (34,5,3) is approaching support as well. Trading CFDs on margin carries high risk. Losses can […]

  • NZDJPY approaching resistance, potential drop!

    NZDJPY is approaching our first resistance at 76.62 (horizontal pullback resistance, 100%, 61.8% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur below this level to our major support at 75.22 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price. […]

  • NZDCAD approaching resistance, potential drop!

    NZDCAD is approaching our first resistance at 0.9236 (horizontal swing high resistance, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) where a strong drop might occur below this level to our major support at 0.9074 (horizontal swing low support, 100% Fibonacci extension, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding […]

  • Summary

    We are seeing a nice setup on NZDCAD and NZDJPY as it is approaching resistance where we are expecting a drop below this level. AUDNZD dropped perfectly from our first resistance to hit our major support target: https://www.tradingview.com/chart/AUDNZD/qtnSzKJ2-AUDNZD-approaching-resistance-potential-drop/