Filtered by date: 10.05.2019. Clear
  • British hard data has barely helped Pound to defend 1.30 level

    The “one-off action” of British manufacturing sector to support the economy took place in the first quarter, showed data on Friday. Firms have accelerated the shipment of finished products, expecting that after Brexit conditions for this will be less favourable. The data helped the pound to defend the level of 1.30, however, the call to increase longs on British currency was quite low-key.

  • AUDJPY Approaching Resistance, Prepare For A Drop

    AUDJPY is approaching its resistance at 78.07 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop to its support at 76.35 (horizontal swing low support). Stochastic (55, 5, 3) is approaching its support where a corresponding bounce could occur. Trading CFDs on margin carries high risk. Losses can exceed […]

  • EURJPY Approaching Resistance, Prepare For A Drop

    EURJPY is approaching its resistance at 124.33 (61.8% Fibonacci extension, 61.8% & 38.2% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop to its support at 122.52 (100% Fibonacci extension *2, 61.8% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) is approaching resistance where a drop could occur. Trading CFDs on […]

  • XAGUSD testing key resistance, could possibly drop

    XAGUSD is approaching our first resistance at 14.98 (61.8% Fibonacci extension,23.6% Fibonacci retracement, horizontal swing high support) where it could potentially bounce to its resistance at 14.36(horizontal swing high resistance, 61.8% Fibonacci extension, 78.6% Fibonacci retracement). Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand […]

  • XAUUSD testing key resistance, could possibly drop!

    XAUUSD is approaching our first resistance at 1288.77(horizontal swing high resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1266.73 (horizontal swing low support, , 61.8% Fibonacci extension). Stochastic is also approaching resistance. Trading CFDs on margin carries high risk. […]

  • Summary

    We are seeing a nice setup EURJPY and AUDJPY as it is approaching our resistance level Here are some of our nice calls previously: EURJPY bounced nicely: https://www.tradingview.com/chart/EURCHF/VDVTiKBJ-EURJPY-Approaching-Support-Prepare-For-A-Bounce/