• Will the Oil rally become sustainable again?

    The Oil market finished on a strong, at the weak Dollar additionally created an impression of growth, but the gloomy prospects of overproduction force investors to take any positive news with great caution.

  • Will BOJ listen to the investors?

    Japanese government debt appreciated in price on Friday following the take-off of the US bonds in the debt market.

  • Will there be a Dollar rate hike in March?

    The financials markets reaction yesterday to the CPI data makes investors cautious. Inflation accelerated to 0.5% in January, significantly exceeding the forecast of 0.3% – this almost guarantees a March rate hike, but the Dollar is falling rapidly.

  • Silver is testing major resistance, watch for a potential reversal

    Silver has been rising strong and is now testing major 50% resistance at 16.91 (Fibonacci retracement, Elliott wave structure, horizontal swing high resistance) and a strong reaction could occur at this level to push price all the way down to 16.48 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing major resistance at 95% […]

  • Litecoin shot up perfectly as forecasted, potential for further rise

    Litecoin has shot up perfectly as forecasted and hit our major resistance level before slowing down. Another rise could occur above 214.38 support (Fibonacci retracement, horizontal overlap resistance) to push price up further to 264.42 resistance (Fibonacci retracement, horizontal swing high resistance, Fibonacci extension). RSI (34) is clearly above our major support lines which will […]

  • CADCHF on major channel resistance, possible further drop

    CADCHF is now testing our long term channel resistance once again and a further drop could occur from this level as it has respected the channel so well so far. Our 1st resistance is at 0.7438 (Fibonacci retracement, horizontal overlap resistance) and our next support is all the way down at 0.7368 (Fibonacci extension). Trading […]

  • Bitcoin has reached our major resistance, watch for a potential reversal!

    Bitcoin has shot up and reached our major resistance level at 9848 (near 10,000 psychological level, Fibonacci retracement, horizontal overlap resistance) and a strong reversal could occur at this level to push price down to 7938 support (Fibonacci retracement, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance at 92% where a corresponding reaction […]

  • Will the US inflation figures disappoint the market?

    Inflationary pressure in the US increased due to the gasoline prices and higher rental fees.

  • Litecoin testing major resistance, watch for the break!

    Litecoin is testing major resistance at 172.58 and a break above this level could trigger a move all the way u p to 213.62 (Fibonacci retracement, horizontal overlap resistance). We do have to be careful about strong intermediate resistance at 196.16. We can see a bit of a squeeze happening too with our ascending support […]

  • Bitcoin has made a bullish exit, prepare for a potential rise!

    Bitcoin has made a bullish exit from our long term descending resistance-turned-support line which is a strong signal that a rise could occur from here. Our first major support is at 8587 (breakout level) and our next major resistance is at 9848 (Fibonacci retracement, horizontal pullback resistance). Trading CFDs on margin carries high risk. Losses […]

  • EURGBP testing major resistance, potential reversal!

    EURGBP is now testing major resistance at 0.8911 (38.2% Fibonacci retracement, horizontal swing high resistance, Fibonacci extension) and a strong reaction could occur at this level to push price down to at least 0.8747 support (Fibonacci retracement, horizontal swing low support). Stochastic (21,5,3) is seeing major resistance at 95% where a corresponding reaction could occur. […]

  • AUDUSD rising nicely, potential for further rise!

    AUDUSD continues to rise nicely after breaking out of our major resistance-turned-support level at 0.7844. A further rise could occur pushing price all the way up to 0.7902 resistance (Fibonacci retracement, horizontal overlap resistance). Our 1st major support would be 0.7844 (Fibonacci retracement, horizontal overlap support) with our next support at 0.7818. RSI (34) has […]

  • Silver right on major resistance, watch for a potential reversal!

    Silver is now testing major resistance at 16.56 (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance, Elliott wave corrective structure) and a strong reaction could occur at this level to push price all the way down to 16.19 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance at 95% where a corresponding […]

  • EURCHF approaching major resistance, potential reversal

    EURCHF is approaching major resistance at 1.1560 (Fibonacci retracement, horizontal pullback resistance, descending resistance) and a strong reaction could occur at this level to push price down towards 1.1455 support (Fibonacci extension, horizontal swing low support). Stochastic (55,5,3) is seeing major resistance at 96% where a corresponding reaction could occur. Trading CFDs on margin carries […]

  • EURAUD starting to breakdown, watch for a potential plummet!

    EURAUD has finally broken our major support-turned-resistance line at 1.5639 (Fibonacci retracement, horizontal overlap resistance) and a strong drop could occur from here that could push price all the way down to 1.5494 (Fibonacci retracement, horizontal pullback support). RSI (89) is still holding well above our ascending support line and only a break of this […]