• Markets brace themselves in anticipation of Trump and Putin’s meeting in Helsinki

    The main story in last week’s headlines – the US-China trade spat – receded on Monday as the Chinese stock market turned the focus to economy data, while foreign investors are bracing for the results of the meeting between Trump and Putin in Helsinki.

  • Summary

    Today we are seeing a nice setup on USDCAD as it is approaching our first resistance and we expect a drop below this level. We are also seeing a nice setup on USDX as it is approaching our first resistance where we expect a further drop below this level. Here are some of our nice […]

  • USDX approaching resistance, potential drop!

    USDX is approaching our first resistance at 95.14 (horizontal overlap resistance, 76.4% Fibonacci retracement, 61.8% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 94.10 (horizontal swing low support, 61.8% Fibonacci extension, 76.4% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might see […]

  • GBPAUD approaching support, potential bounce!

    GBPAUD is approaching our first support at 1.7706 (horizontal overlap support, 50% Fibonacci retracement, 100% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 1.8242 (horizontal swing high resistance, 100% Fibonacci extension, 76.4% Fibonacci retracement). A breakout above our intermediate resistance at 1.7976 (horizontal swing […]

  • USDCHF approaching support, potential bounce!

    USDCHF is approaching our first support at 0.9984 (horizontal pullback support, 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 1.0069 (horizontal swing high resistance, 100% Fibonacci extension, 76.4% Fibonacci retracement). RSI is also seeing approaching our major support where a […]

  • USDCAD approaching resistance, potential drop!

    Price is approaching our first resistance at 1.3221 (horizontal swing high resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 1.3051 (horizontal pullback support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension). RSI (55) is also approaching our resistance and we might […]

  • Is Franc going down?

    We discuss whether USD/CHF will head South and what may happen with the index S&P500.

  • Key economic events and reports of the upcoming week

    Monday, July 16, 2018 – GDP (YoY) (Q2)(CNY), Industrial Production (YoY) (Jun)(CNY), Core Retail Sales (MoM) (Jun)(USD), Retail Sales (MoM) (Jun)(USD), CPI (QoQ) (Q2)(NZD).

  • Iran pledges to continue selling oil under sanctions

    Oil exports won’t be an easy task under fresh US sanctions, but Iran will be able to dodge any blow, said advisor of the supreme leader of Iran, Ali Akbar Velayati.

  • The PBOC attempts to keep CNY/Gold rate fixed while the dollar grows

    Starting from the beginning of 2018, the exchange rate of CNYUSD and the gold bear have a great resemblance, i.e. gold repeats the slump of Yuan.

  • Summary

    Today we are seeing a nice setup on USDCHF as it is approaching our first resistance and we expect a drop below this level. We are also seeing a nice setup on DXY as it is approaching our first resistance which coincides with our Fibonacci retracement and Fibonacci extension and we expect a drop below […]

  • EURUSD approaching resistance, potential drop!

    EURUSD is approaching our first resistance at 1.1693 (horizontal overlap resistance, 38.2% Fibonacci retracement) where a strong reaction might occur below this level pushing price down to our major support at 1.1597 (horizontal overlap support, 100% Fibonacci extension, 76.4% Fibonacci retracement). RSI (55) is also seeing a bearish exit and we might see a corresponding […]

  • CHFJPY approaching support, potential bounce!

    CHFJPY is approaching our first support at 112.27 (horizontal overlap support, 23.6% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 113.52 (horizontal swing high resistance, 100% Fibonacci extension, 50% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure in line with our […]

  • USDX approaching resistance, potential drop!

    USDX is approaching our first resistance at 95.09 (horizontal overlap resistance, 38.2%, 76.4% Fibonacci retracement, 61.8%, 100% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 94.45 (horizontal overlap support, 50% Fibonacci retracement). RSI (34) is also approaching resistance where we might see a corresponding […]

  • USDCHF approaching resistance, potential drop!

    Price is approaching our first resistance at 1.0055 (horizontal swing high resistance, 76.4% Fibonacci retracement, 100% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 0.9918 (horizontal swing low support, 76.4% Fibonacci retracement, 100% Fibonacci extension). A breakout below our intermediate support at 0.9986 (horizontal […]