• USDCHF approaching support, potential bounce!

    USDCHF is approaching our firsts support at 0.9798 (horizontal swing low support, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 1.006 (horizontal swing high resistance, 61.8% Fibonacci extension, 76.4% Fibonacci retracement). Stochastic (55,5,3) is also approaching support and we might […]

  • GBPCHF approaching support, potential bounce!

    GBPCHF is approaching our first support at 1.2865 (horizontal swing low support, 38.2% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.3090 (horizontal overlap resistance, 78.6% Fibonacci retracement). RSI (89) is approaching support and we might see a corresponding rise in […]

  • GBPJPY approaching resistance, potential drop!

    GBJPY is approaching our first resistance at 147.16 (horizontal overlap resistance, 23.6% Fibonacci retracement) and a strong drop might occur pushing price down to our major support at 144.86 (horizontal overlap support, 50% Fibonacci retracement). RSI (55) is also seeing a bearish exit and we might see a corresponding drop in price. Ichimoku cloud is […]

  • XAUUSD approaching support, potential bounce!

    XAUUSD is approaching our first support at 1215.87 (horizontal overlap support, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 1238.09 (horizontal pullback resistance, 38.2% Fibonacci retracement). RSI (55) is also seeing a bullish exit and Ichimoku cloud is also showing […]

  • Summary

    Today we are seeing a nice setup on XAUUSD and USDCHF as it is approaching support where we expect a bounce above this level. Here are some of our nice calls previously: USDCAD reversed perfectly below our first resistance and is approaching our major support target: https://www.tradingview.com/chart/USDCAD/QEnA1ZHA-USDCAD-is-approaching-resistance-potential-drop/

  • The Fed is waiting for inflation but it’s not here yet

    The Fed is waiting for inflation but it’s not here yet. Excluding fuel prices, import prices remained unchanged in September, the Ministry of Commerce reported on Friday. Export prices saw no changes in September, after declining by 0.2% and 0.5% over the previous two months.

  • USDCAD is approaching resistance, potential drop!

    USDCAD is approaching our first resistance at 1.3074 (horizontal swing high resistance, 76.4% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.2934 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price […]

  • NZDCAD approaching resistance, potential drop!

    NZDCAD is approaching our first resistance at 0.8510 (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 0.8374 (horizontal swing low support, 76.4% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop […]

  • GBPJPY approaching resistance, potential drop!

    GBJPY is approaching our first resistance at 147.16 (horizontal overlap resistance, 23.6% Fibonacci retracement) and a strong drop might occur pushing price down to our major support at 144.86 (horizontal overlap support, 50% Fibonacci retracement). RSI (55) is also seeing a bearish exit and we might see a corresponding drop in price. Ichimoku cloud is […]

  • CHFJPY approaching resistance, potential drop!

    CHFJPY is approaching our first resistance at 113.26 (horizontal pullback resistance, breakout level) and a price might potentially drop to our major support at 112.16 (horizontal pullback support, 61.8% Fibonacci extension, 61.8%, 78.6% Fibonacci retracement, long term ascending support line). RSI (89) is also seeing a bearish exit and we might see a corresponding drop […]

  • Summary

    Today we are seeing a nice setup on CHFJPY and GBPJPY as it is approaching resistance where we are expecting a drop below this level. Here are some of our nice calls previously: EURGBP bounced perfectly up from our first support and is approaching our major resistance target: https://www.tradingview.com/chart/EURGBP/ZmRSDtlt-EURGBP-approaching-support-potential-bounce/ GBPJPY reversed nicely below our first […]

  • Key economic events and reports of the upcoming week

    Monday, October 15, 2018 – Core Retail Sales (MoM) (Sep)(USD), CPI (QoQ) (Q3)(NZD).

  • Brunson’s upcoming release sends relief waves to USDTRY

    Turkish currency strengthened against the dollar on Friday, the eve of the hearing on the case of American pastor Andrew Brunson who was arrested in Ankara. The diplomatic spat following Brunson’s detention ruined relations between the United States and Turkey.

  • Will the Fed continue to hike rate aggressively?

    The stock market crashes, growing trade tensions with China, low growth forecasts from the IMF, and even Trump’s verbal attacks are likely to not be able to stop the “insane” Fed from further rate hikes.

  • GBPJPY is approaching resistance, potential drop!

    GBPJPY is approaching our first resistance at 149.59 (horizontal swing high resistance, 100% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 147.07 (horizontal overlap support, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should […]