• Turkey recovery plan pleases investors, however, concerns remain strong

    The Turkish lira appeared to be very unstable on Thursday, swinging wildly from highs to lows. The market attempted to agree on the medium-term economic plan released yesterday, which together with the rate hike of 625 percentage points from last week, could restore confidence of investors in the future.

  • GBPCHF approaching resistance, potential drop!

    GBPCHF is approaching our first resistance at 1.2798 (horizontal swing high resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.2630 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (55,5,3) is also approaching our major resistance and seeing a bearish […]

  • EURCAD approaching resistance, potential drop!

    EURCAD is approaching our first resistance at 1.5241 (61.8%, 100% Fibonacci extension, 76.4% Fibonacci retracement) and price might drop to our major support at 1.5167 (horizontal pullback support, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully […]

  • GBPCAD approaching resistance, potential drop!

    GBPCAD is approaching our first resistance at 1.7182 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.6951 (horizontal overlap support, 100% Fibonacci extension, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also approaching our resistance and a reaction below […]

  • XAUUSD approaching resistance, watch for breakout!

    \ XAUUSD is approaching our first resistance at 1208.76 (horizontal overlap resistance, 23.6% Fibonacci retracement) and a breakout of this level might push price up to our major resistance at 1239.19 (horizontal overlap resistance, 100%, 61.8% Fibonacci extension, 38.2% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish […]

  • Summary

    Today we are seeing a nice setup on EURCAD and GBPCAD as it is approaching resistance where we are expecting a drop below this level. Here are some of our nice calls previously: NZDUSD bounced perfectly up from our first support and is approaching our major resistance: https://www.tradingview.com/chart/NZDUSD/XPKTh6sC-NZDUSD-approaching-support-potential-bounce/

  • EM markets seem to be back on their feet, while the Fed’s stance remains a question

    It seems to have become somewhat of a tradition that after a long period of QE and when the yield on Treasury bonds rises sharply, emerging markets seem to be among the first ones to bear major damage. Nominal “media reason” for this was the debt instability of these countries

  • Russian Ruble is not giving up

    We ponder whether USD/RUB has gone bearish or if it is one more trick of the Russian currency. We also wonder what is about to happen to WTI oil.

  • XAUUSD approaching resistance, potential drop!

    XAUUSD is approaching our first resistance at 1208 (horizontal overlap resistance, 61.8%, 100% Fibonacci extension, 76.4% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1197 (horizontal swing low support). Stochastic (55,5,3) is also approaching our major resistance and a reaction off this level might […]

  • NZDUSD approaching support, potential bounce!

    NZDUSD is approaching our first support at 0.6619 (horizontal overlap support, 23.6 % Fibonacci retracement, 61.8% Fibonacci extension, breakout level) where a strong bounce might occur above this level pushing price up to our major resistance at 0.6716 (horizontal overlap resistance, 100% Fibonacci extension, 38.2%, 23.6%, 61.8% Fibonacci retracement). RSI (89) is also seeing a […]

  • EURUSD approaching resistance, potential drop!

    EURUSD is approaching our first resistance at 1.1739 (horizontal swing high resistance, 61.8% Fibonacci extension, 78.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.1663 (horizontal overlap support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching our resistance and a reaction […]

  • AUDUSD approaching support, potential bounce!

    AUDUSD is approaching our first support at 0.7230 (horizontal pullback support, 23.6%, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7310 (horizontal overlap resistance, 61.8% Fibonacci extension, 76.4% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure in […]

  • Summary

    Today we are seeing a nice setup on AUDUSD and NZDUSD as it is approaching support where we are expecting a bounce above that level. Here are some of our nice calls previously: USDJPY reversed perfectly below our first resistance: https://www.tradingview.com/chart/USDJPY/sLwliZAP-USDJPY-approaching-resistance-potential-drop/

  • BoJ decision and export data curb Yen depreciation

    The Bank of Japan left the parameters of the monetary policy unchanged today, which is not surprising, given the lack of any decent inflation prospects. A little surprise was buried in the regulator’s statement, as the bank kept the wording about moderate GDP growth, which, coupled with the growth in export activity (data from Tuesday), revived trade in the yen and Japanese bonds.

  • USDJPY approaching resistance, potential drop!

    USDJPY is approaching our first resistance at 112.22 (horizontal overlap resistance, 100% fibonacci extension, 76.4% fibonacci retracement) where a strong drop might occur pushing price down to our major support at 111.28 (horizontal swing low support, 50% fibonacci retracement). Stochastic (55,5,3) is also approaching resistance and we might see a corresonding drop in price. Trading […]