• Will the Russian Ruble go up?

    We discuss where the pair USD/RUB is about to head, and what is going to happen to Australian and Canadian dollars.

  • Summary

    Today we are seeing a nice setup on AUDNZD as it is testing our first resistance where we are expecting a drop below that level. Stochastic is also testing our resistance where a reaction off that level might see a corresponding drop in price. We are also seeing a nice setup on USDCAD as it […]

  • AUDNZD approaching resistance, potential drop!

    Price is approaching our first resistance at 1.0779 (Horizontal pullback resistance, 38.2%, 50% Fibonacci retracement) where a strong reaction might occur below this level pushing price down to our major support at 1.0666 (horizontal swing low support, 61.8% Fibonacci extension, 76.4% Fibonacci retracement). Stochastic (55,5,3) is also approaching its resistance and a reaction off this […]

  • USDCHF approaching resistance, potential drop!

    Price is approaching our first resistance at 1.0014 (78.6% Fibonacci retracement, 61.8%, 100% Fibonacci extension, Elliot wave structure) where a strong reaction might occur below this level pushing price down to our major support at 0.9912 (horizontal overlap support, 100% Fibonacci extension, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also approaching its resistance and a reaction […]

  • CHFJPY approaching resistance, potential drop!

    Price is approaching our first resistance at 111.16 (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 110.24 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (34,5,3) is also approaching its resistance and a […]

  • USDCAD approaching resistance, potential drop!

    Price is approaching our first resistance at 1.3383 (horizontal pullback 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 1.2721 (horizontal swing low support, 100% Fibonacci extension, 50%, 76.4% Fibonacci retracement). A breakout below our intermediate support at 1.3063 (horizontal […]

  • Summary

    Today we are seeing a nice setup on USDCHF as it is approaching support where we are expecting a bounce above this level. RSI is also approaching our support and a bounce above this level might see a corresponding rise in price. We are also seeing a nice setup on EURAUD as it is approaching […]

  • EURJPY approaching resistance, watch for potential drop!

    Price is approaching our first resistance at 127.70 (horizontal overlap resistance, 23.6%, 38.2% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction might occur below this level, pushing price down to our major support at 126.26 (horizontal overlap support, 100% Fibonacci extension76.5% Fibonacci retracement). RSI (21) is also seeing facing bearish pressure from our resistance […]

  • EURUSD approaching resistance, watch for potential drop!

    Price is approaching our first resistance at 1.1640 (horizontal overlap resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction might occur below this level, pushing price down to our major support at 1.1530 (horizontal swing low support, 100% Fibonacci extension). RSI (21) is also seeing facing bearish pressure from our resistance line and […]

  • USDCHF approaching support, potential bounce!

    Price is approaching our first support at 0.9912 (horizontal overlap support, 38.2% Fibonacci retracement, Elliot wave structure, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.000 (61.8%, 100% Fibonacci extension, 78.6% Fibonacci retracement). RSI (34) is also approaching support where a bounce off […]

  • EURAUD approaching resistance, potential drop!

    Price is approaching our first resistance at 1.5777 (horizontal overlap resistance, 50% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 1.5454 (horizontal swing low support, 61.8% Fibonacci retracement). Stochastic (55,5,3) is also seeing a bearish divergence and is approaching our resistance where a reaction […]

  • Summary

    Today we are seeing a nice setup on AUDJPY as it is approaching our first support where we expect a bounce above that level. Stochastic is also seeing a bullish divergence in line with our bullish bias. We are also seeing a nice setup on AUDNZD as it is approaching our first major support where […]

  • USDJPY approaching resistance, potential drop!

    USDJPY is approaching our first resistance at 111.42 (horizontal overlap resistance, 50%, 61.8% Fibonacci retracement) and price might drop to our major support at 108.12 (horizontal swing low support, 100% Fibonacci extension). Stochastic (89,5,3) is also approaching our resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. […]

  • EURUSD approaching resistance, potential drop!

    EURUSD is approaching our first resistance at 1.1657 (horizontal pullback resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension) and price might drop to our major support at 1.1512 (horizontal swing low support). Stochastic (55,5,3) is also approaching our resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses […]

  • AUDNZD approaching support, potential bounce!

    Price is approaching our first support at 1.0666 (horizontal overlap support, 61.8% Fibonacci retracement) where price might rise up to our major resistance at 1.0779 (horizontal pullback resistance, 100% Fibonacci extension, 38.2%, 50% Fibonacci retracement). A breakout above our intermediate resistance at 1.0747 (horizontal swing high resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) might provide […]