Filtered by date: 05.04.2019. Clear
  • Lagging” ADP calculation could underestimate actual jobs growth

    Non-farm Payrolls probably rebounded in March, making up for a murky February reading. Back in February the reading hit a 17-month low, with only 20K jobs added. Usually the start of spring supports activity in construction while manufacturing PMIs signaled about continuing revival in production sector.

  • BCOUSD approaching resistance, potential drop!

    BCOUSD is approaching our first resistance at 70.94 (horizontal pullback resistance, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 68.48 (50% Fibonacci retracement, horizontal pullback support). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs […]

  • AUDUSD approaching resistance, potential drop!

    AUDUSD is approaching our first resistance at 0.7145 (horizontal swing high resistance, 78.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.7111 (38.2% Fibonacci retracement, 100% Fibonacci extension). Stochastic is also approaching resistance where we might see a corresponding drop in price. Trading CFDs […]

  • Nikkei approaching resistance, potential drop!

    Nikkei is approaching our first resistance at 22690 (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 20855 (50% Fibonacci retracement, horizontal swing low support). Stochastic (21,5,3) is also approaching resistance where we might see a corresponding […]

  • USDJPY approaching resistance, potential drop!

    USDJPY is approaching our first resistance at 111.63 (horizontal swing high resistance, 76.4% Fibonacci retracement, 100%, 161.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 110.91 (38.2% Fibonacci retracement, horizontal pullback support). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding […]

  • Summary

    We are seeing a nice setup on Nikkei and USDJPY as it is approaching resistance where we are expecting a drop below this level. USDCHF dropped perfectly to hit our first support target: https://www.tradingview.com/chart/USDCHF/Ews9ONKf-USDCHF-approaching-resistance-potential-drop/