• USDCHF approaching support, potential bounce!

    USDCHF is approaching our first support at 0.9848 (100%, 61.8% fibonacci extension, 50% fibonacci retracement, horizontal swing low support) and a strong bounce might occur above this level pushing price up to our major resistance at 1.0019 (100%, 61.8% fibonacci extension, 50% fibonacci retracement, horizontal swing low support). Stochastic (55,5,3) is also approaching support and […]

  • NZDJPY approaching resistance, potential drop!

    NZDJPY is approaching our first resistance at 77.45 (horizontal pullback support, 61.8% fibonacci extension, 61.8% , 38.2% fibonacci retracement) and a strong drop might occur above this level pushing price down to our major support at 76.85 (100% fibonacci extension, 76.8% fibonacci retracement). Stochastic (34,5,3) is also approaching resistance and we might see a corresponding […]

  • GBPAUD approaching resistance, potential drop!

    GBPAUD is approaching our first resistance at 1.7618 (61.8% fibonacci retracement, 23.6% fibonacci extension, horizontal overlap resistance) and a strong drop might occur below this level pushing price down to our major support at 1.7349 (61.8% fibonacci extension, 78.6% fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in […]

  • AEX approaching support, potential bounce!

    AEX is approaching our first support at 475.2 (50% fibonacci retracement, 100% fibonacci extension, horizontal overlap support) and a strong bounce might occur above this level pushing price up to our major resistance at 534.4 (61.8% fibonacci retracement, 100% fibonacci extension, horizontal overlap resistance). Stochastic (89,5,3) is also approaching support and we might see a […]

  • Summary

    Today we are seeing a nice setup on USDCHF and AEX as it is approaching support where we expect a bounce above this level. Here are some of our nice calls previously: UK100 dropped perfectly below our first resistance: https://www.tradingview.com/chart/UK100GBP/6BXzfsp5-UK100-approaching-resistance-potential-drop/

  • The uptick in consumer spending could prompt the Fed to be more confident

    November retail sales in the US surprisingly beat the growth forecast, as was shown by government data made available on Friday.

  • CADJPY approaching support, potential bounce!

    CADJPY is approaching our first support at 84.69 (50% fibonacci retracement, 61.8% fibonacci extension, horizontal overlap support) and a strong bounce might occur above this level pushing price up to our major resistance at 85.22 (61.8% fibonacci extension, 61.8% fibonacci retracement, horizontal swing high resistance). Stochastic (34,5,3) is also approaching support and we might see […]

  • EURUSD approaching resistance, potential drop!

    EURUSD is approaching our first support at 1.1379 (horizontal swing high support, 78.4% fibonacci retracement, 100% fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 1.1379 (61.8% fibonacci extension, 61.8% fibonacci retracement, horizontal swing high resistance). Stochastic (34,5,3) is also approaching support and we might […]

  • UK100 approaching resistance, potential drop!

    UK100 is approaching our first resistance at 6915 (100% fibonacci extension, 50% fibonacci retracement, horizontal overlap resistance) and a strong drop might occur below this level pushing price down to our major support at 6685 (50% fibonacci retracement, horizontal swing low support). Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop […]

  • ASX approaching support, potential bounce!

    ASX is approaching our first support at 5520 (61.8% fibonacci extension, 50% fibonacci retracement, Horizontal swing low support) and a strong bounce might occur above this level pushing price up to our major resistance at 5950 (100% Fibonacci extension, 50% fibonacci retracement, Horizontal overlap resistance). Stochastic (89,5,3) is also approaching support and we might see […]

  • Summary

    Today we are seeing a nice setup on CADJPY and ASX as it is approaching support where we expect a bounce above this level. Here are some of our nice calls previously: HSI dropped perfectly below our first resistance: https://www.tradingview.com/chart/USDJPY/DI9xaZ2u-HSI-testing-resistance-potential-drop USDJPY dropped perfectly below our first resistance: https://www.tradingview.com/chart/USDJPY/9kHELnwF-USDJPY-approaching-resistance-potential-drop/

  • USD/RUB Seems to Be Slowly Heading Up

    Today we discuss what the Russian Ruble is up to and where the oil and European currency are about to head.

  • Key economic events and reports of the upcoming week

    Monday, December 17, 2018 – CPI (YoY) (Nov)(EUR).

  • European economy is losing momentum; slower growth is predicted in Q4

    According to the government data released on Friday, the pace of expansion of eurozone business activity in December slowed to the lowest level in four years.

  • ECB halts QE but quite unsure about rate hike timeframe

    The ECB decided to completely quit the lavish asset purchase program at the meeting on Thursday, which was in line with expectations, but retained flexibility in other monetary tools, providing a vague forecast for the rate hike next year.