• NZDCHF seeing major support, potential for a nice bounce!

    NZDCHF is seeing major support at 0.6858 (Fibonacci extension, bullish harmonic formation, horizontal swing low support) and a strong bounce could occur at this level to push prices up to major resistance at 0.6929 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance). Stochastic (55,5,3) is seeing major support above 2.7% where a corresponding bounce could occur. […]

  • Gold looking poised for a major bounce!

    XAUUSD is seeing major support above 1285 ( Fibonacci retracement , fibonacci extension , bullish divergence ) and a strong bounce could occur at this level to push prices all teh way up to major resistance at 1302 ( Fibonacci retracement , fiubonacci extension, horizontal pullback resistance). Stochastic (55,5,3) also sees major support above 2.7% […]

  • AUDJPY lining up for a nice potential drop!

    AUDJPY is testing major resistance at 83.36 ( Fibonacci retracement , Fibonacci extension , horizontal overlap resistance, descending resistance, bearish divergence) and a strong drop could occur from here pushing price down to major support at 82.25 ( Fibonacci extension , horizontal swing low support). Stochastic (55,5,3) is seeing major resistance below 96% where a […]

  • USDJPY testing major resistance, potential to plunge!

    USDJPY is testing major resistance at 110.95 (Fibonacci retracement, Fibonacci extension, Elliott wave structure, bearish harmonic formation) and a strong drop could occur from here to push price all the way down to major support at 108.89 (Fibonacci retracement, horizontal swing low support). We do have to be wary of intermediate support at 110.00. Stochastic […]

  • Bitcoin under heavy pressure, potential for further drop!

    Bitcoin is seeing major resistance at 8506 (Fibonacci retracement, Fibonacci extension, small horizontal overlap resistance, price action, descending resistance and bearish ichimoku cloud). This all points to further downside potential on Bitcoin. If price drops from here, it could potentially drop to major support at 8122 (Fibonacci extension, horizontal swing low support). Stochastic (21,5,3) is […]

  • AUDUSD testing major resistance, prepare for a potential drop!

    AUDUSD is testing major resistance at 0.7542 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push price down to 0.7476 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support). Stochastic (21,5,3) is seeing major resistance at 92% where a corresponding reaction could occur. Trading CFDs on margin […]

  • EURUSD has made a bullish exit, potential rally!

    EURUSD has broke major resistance-turned-support at 1.1819 (23.6% Fibonacci retracement, horizontal overlap support, bullish exit of descending resistance) and this has triggered a potential bullish exit that could see price rise all the way to major resistance at 1.1873 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance). Stochastic (34,5,3) is seeing major support above 3.9% […]

  • NZDUSD testing major channel resistance, potential for a strong drop!

    NZDUSD is testing major channel resistance at 0.6936 (Fibonacci retracement, Fibonacci extension, price action, channel resistance) and a strong drop could occur at this level to push prices all the way down to major support at 0.6852 (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is also seeing major resistance at 91% where a corresponding […]

  • Summary

    We caught the drop perfectly for EURCHF! Bagging a super healthy risk : reward of 1:5! We also caught the drop perfectly on XAUUSD bagging a really healthy risk : reward of 1:3

  • CADCHF dropping nicely, potential for further drop!

    CADCHF has broken major support-turned-resistance level at 0.7809 (Fibonacci retracement, horizontal overlap resistance) and remains below our Ichimoku cloud signalling that there is bearish momentum. Our next resistance is at 0.7830 which is above our 61.8% Fibonacci retracement and also at a swing high resistance. Price could potentially drop all the way to major support […]

  • EURAUD testing major support, prepare for a potential bounce!

    EURAUD is testing major support at 1.5772 (long term ascending support line, Fibonacci retracement, horizontal overlap support, Fibonacci extension) and a strong bounce could occur at this level pushing price all the way up to major resistance at 1.6137 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance). We identified second support at 1.5632 which is […]

  • GBPJPY testing major resistance, potential drop!

    GBPJPY is testing major resistance at 149.18 (Fibonacci retracement, bearish divergence, horizontal overlap resistance) and a strong drop could occur at this level to push price all the way down to major support at 147.50 (Fibonacci retracement, horizontal swing low support, Fibonacci extension). Stochastic (89,5,3) is also seeing major resistance below 96% where a corresponding […]

  • USDJPY in a strong ascending channel, potential for further rise!

    USDJPY remains in a strong ascending channel and is also above our Ichimoku cloud signalling that there’s strong bullish momentum. Price could potentially drop to our first major support at 109.98 (Fibonacci retracement, Fibonacci extension, horizontal pullback support) for a bounce to at least 110.86 resistance (major 61.8% Fibonacci retracement). RSI (89) has made a […]

  • Summary

    Today we are seeing a nice setup on USDCAD as it is approaching our resistance which coincides with a Fibonacci extension level and we are expecting a drop to occur below that level. We are also seeing a nice setup on EURCHF as it is approaching broke out of our short term ascending support line […]

  • XAUUSD approaching resistance, potential drop!

    XAUUSD is approaching our first resistance at 1315.07 (horizontal swing high resistance, 23.6% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 1308.61 (horizontal swing low support, 161.8% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure, in line with our bearish bias. RSI […]