• 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 […]

  • 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 […]

  • Summary

    Today we are seeing a nice setup on USDCHF as it is approaching our first resistance which coincides with our long term descending resistance line and we expect a drop below this level. We are also seeing a nice setup on GBPJPY as it is testing our first resistance and we are expecting a drop […]

  • EURCHF approaching resistance, potential drop!

    EURCHF is approaching our first resistance at 1.1657 (horizontal swing high resistance, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 1.1591 (horizontal pullback support, 38.2% Fibonacci retracement, short term ascending support line). RSI (89) is also seeing a bearish exit where we might […]

  • AUDJPY approaching resistance, potential drop!

    AUDJPY is approaching our first resistance at 83.188 (horizontal swing high resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) and a strong reaction might occur below this level pushing price down to our major support at 82.104 (horizontal overlap support, 38.2% Fibonacci retracement, 100% Fibonacci extension, short term ascending support line). RSI (89) is also seeing […]

  • GBPJPY approaching resistance, potential drop!

    GBPJPY is approaching our first resistance at 148.18 (horizontal overlap resistance, 38.2%, 50% Fibonacci retracement, 61.8%, 100% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 145.56 (horizontal overlap support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching resistance where we might […]

  • USDCHF approaching resistance, potential drop!

    USDCHF is approaching our first resistance at 0.9965 (horizontal swing high resistance, 78.6% Fibonacci retracement) which coincides with our long term descending resistance line where a strong reaction might occur below this level pushing price down to our major support at 0.9907 (horizontal swing low support, 100% Fibonacci extension, 50% Fibonacci retracement). Stochastic (89,5,3) is […]