Filtered by date: 12.04.2019. Clear
  • No trace of “trade truce” in Chinese exports data

    The growth of Chinese exports in March offset decline in the first two months thanks to a combination of political, seasonal and economic factors. However, this recipe was useless to support imports, which is led by a prolonged decline in domestic consumption due to a fall in consumer confidence in China.

  • HSI approaching resistance, potential drop!

    HSI is approaching our first resistance at 30079.5 (horizontal pullback resistance, 38.2% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 29570.6 (38.2% Fibonacci retracement , 61.8% Fibonacci extension , horizontal pullback support). Trading CFDs on margin carries high risk. […]

  • Nikkei approaching resistance, potential drop!

    Nikkei is approaching our first resistance at 21823.8 (76.4% Fibonacci retracement, horizontal swing high resistance, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 21414.3 (61.8% Fibonacci extension, 50% Fibonacci retracement, Horizontal pullback support). Stochastic is also approaching resistance where we might see a […]

  • USDJPY approaching resistance, potential drop!

    USDJPY is approaching our first resistance at 112.16 (78.6% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance) where a strong drop might occur below this level pushing price down to our major support at 111.38 (61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price. Trading CFDs […]

  • USDCAD approaching resistance, potential drop!

    USDCAD is approaching our first resistance at 1.3396 (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 01.3327 (61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (34,5,3) is also approaching resistance and seeing a bearish divergence where we might […]

  • Summary

    We are seeing a nice setup on USDJPY and USDCAD where we are expecting a drop below this level. XAUUSD reversed perfectly from our first resistance: https://www.tradingview.com/chart/USDJPY/p26r0Ns5-USDCAD-approaching-resistance-potential-drop/