Filtered by date: 02.04.2019. Clear
  • Should we dismiss February retail sales data again? What about other reports?

    After some dire January retail sales figures following the US Government Shutdown, February’s data was expected to recoup some of the emotional balance of investors.

  • BXY approaching resistance, potential drop!

    BXY is approaching our first resistance at 7.0216 (horizontal overlap 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 6.9631 (61.8% Fibonacci retracement, horizontal swing low support). Stochastic is also approaching resistance where we might see a corresponding drop in […]

  • CXY approaching resistance, potential drop!

    CXY is approaching our first resistance at 7.0544 (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 6.9899 (50% Fibonacci retracement, horizontal overlap support). Stochastic is also approaching resistance where we might see a corresponding drop in price. […]

  • XAGUSD approaching support, potential bounce!

    XAGUSD is approaching our first support at 14.8020 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce to our major resistance at 15.20565 (horizontal overlap resistance, 50% Fibonacci retracement) might occur. Stochastic is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries […]

  • EURUSD approaching support, potential bounce!

    EURUSD is approaching our first support at 1.1187 (horizontal swing low support, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce to our major resistance at 1.1283 (horizontal overlap resistance, 38.2% Fibonacci retracement) might occur. Stochastic is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries […]

  • Summary

    We are seeing a nice setup on CXY and BXY as it is approaching resistance where we are expecting a drop below this level. NZDUSD dropped perfectly below our first resistance: https://www.tradingview.com/chart/NZDUSD/rLrTn5eo-NZDUSD-approaching-resistance-potential-drop/