• EURAUD approaching support, potential bounce!

    EURAUD is approaching our first support at 1.5807 (horizontal swing low support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) and a strong bounce might occur below this level pushing price up to our major resistance at 1.6149 (horizontal swing high resistance, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching support and we might see a corresponding […]

  • NZDUSD approaching support, potential bounce!

    NZDUSD is approaching our first support at 0.6714 (horizontal swing low support, 61.8% Fibonacci retracement, 50% Fibonacci retrracement) and a strong bounce might occur below this level pushing price up to our major resistance at 0.67831 (horizontal swing high resistance, 50% fiboancci retracement). Stochastic (89,5,3) is also approaching support and we might see a corresponding […]

  • AEX approaching resistance, potential drop!

    AEX is approaching our first resistance at 510 (61.8% fibonacci retracement, 61.8% fibonacci extension, descending channel resistance, horizontal overlap resistance) and a strong drop might occur below this level pushing price down to our major support at 485 (61.8% fibonacci retracement, 61.8% fibonacci extension). Stochastic (55,5,3) is also approaching resistance and we might see a […]

  • HSI approaching resistance, potential drop!

    HSI is approaching our first resistance at 27249 (78.6%, 38.2% fibonacci retracement, 100% fibonacci extension, horizontal swing high resistance) and a strong drop might occur below this level pushing price down to our major support at 25883 (61.8% fibonacci retracement, 61.8% fibonacci extension). Stochastic (55,5,3) is also approaching resistance and we might see a corresponding […]

  • Summary

    Today we are seeing a nice setup on HSI and AEX as it is approaching resistance where we expect a drop below this level. Here are some of our nice calls previously: EURUSD reversed nicely from our first support: https://www.tradingview.com/chart/EURUSD/mO4utut0-EURUSD-approaching-support-potential-bounce/

  • Chinese data shows some positive surprises, but markets remain wary

    Chinese economy continued to lose steam in the fourth quarter of 2018 due to the growing constraints in consumer spending amid worsening household optimism and the shock in external demand caused by US tariffs. Output in China posted the weakest growth in almost 30 years, forcing Beijing to put the economy back in a strong dependence on debt.

  • Is the Russian Ruble About to Jump Up?

    Today we discuss what the Russian currency is up to and analyze oil price chart. We also ponder where single currency is going to head.

  • UK100 approaching resistance, potential drop!

    UK100 is approaching our first resistance at 7013 (50%, 78.6% fibonacci retracement, 61.8% fibonacci extension, horizontal swing high resistance) and a strong drop might occur below this level pushing price down to our major support at 6771 (61.8% fibonacci extension, 50% fibonacci retracement, horizontal pullback support). Stochastic (83,5,3) is also approaching resistance and we might […]

  • NZDCHF approaching resistance, potential drop!

    NZDCHF is approaching our first resistance at 0.6742 (Horizontal pullback resistance, 50% Fibonacci retracement, 100% Fiboancci extension) and a strong drop might occur pushing price down to our major support at 0.6591 (Horizontal swing low support). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off […]

  • SPX approaching resistance, potential drop!

    SPX is approaching our first resistance at 2703 (100% fibonacci extension, 76.4% fibonacci retracement, horizontal swing high resistance) and a strong drop might occur pushing price down to our major support at 2508 (50% fibonacci retracement, horizontal pullback support). RSI (34) is also approaching resistance and we might see a corresponding drop in price should […]

  • AUDJPY approaching resistance, potential drop!

    AUDJPY is approaching our first resistance at 78.84 (horizontal pullback resistance, 161.8% Fibonacci extension, 61.8% Fibonacci retracement) and a strong drop might occur pushing price down to our major support at 75.94 (38.2% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this […]

  • Summary

    Today we are seeing a nice setup on SPX and NZDCHF as it is approaching resistance where we expect a drop below this level. Here are some of our nice calls previously: NZDUSD drop nicely below our first resistance: https://www.tradingview.com/chart/NZDUSD/ZUEesWPV-NZDUSD-approaching-resistance-potential-drop/ GBPUSD drop nicely below our first resistance: https://www.tradingview.com/chart/GBPUSD/HwuRF6mC-GBPUSD-approaching-resistance-potential-drop/

  • Key economic events and reports of the upcoming week

    Monday, January 21, 2019 – GDP (YoY) (Q4)(CNY), Industrial Production (YoY) (Dec)(CNY).

  • ECB may postpone rate hike due to weakness in economic data

    The European Central Bank is expected to postpone the hike of deposit rate till the fourth quarter – it’s longer than expected just a month ago, according to economists surveyed by Reuters, who also said that the probability of a recession in the eurozone has increased.

  • The Road to Financial Success: Lessons from George Soros

    George Soros is famously known as the man who “broke the Bank of England.” He earned this title in 1992, when he made more than a billion dollars shorting the pound sterling. As the manager of the Quantum Endowment Hedge Fund with more than $27 billion in assets under management, he is deemed a legend of trading and investment and there are many things we can learn from him.