• AUDUSD bouncing off support, further potential rise!

    AUDUSD is bouncing off our first support at 0.7652 (horizontal swing low support, 61.8% Fibonacci retracement, 76.4% Fibonacci extension) and price might be pushed up to our major resistance at 0.7745 (61.8% Fibonacci retracement, 61.8% Fibonacci extension, Horizontal pullback resistance). Stochastic (55,5,3) is also approaching our major support and a bounce off this level might […]

  • AUDUSD approaching resistance, potential drop!

    AUDUSD is approaching our first resistance at 0.7810 (horizontal swing high resistance, 61.8%, 100% Fibonacci extension, 61.8% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 0.7738 (horizontal overlap support, 100% Fibonacci extension, 50% Fibonacci retracement). Stochastic (21,5,3) is also approaching our major resistance and descending […]

  • AUDUSD approaching support, potential rise!

    Price broke out of our long term descending overlap support line and is approaching our first support at 0.7760 (horizontal swing low support). A strong bounce might occur above this level, pushing price up to our major resistance at 0.7812 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Ichimoku cloud is also showing […]

  • AUDUSD testing resistance, potential drop!

    AUDUSD is testing our first resistance at 0.7774 (horizontal overlap resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level, pushing price down to our major support at 0.7650 (horizontal swing low support). Stochastic (89,5,3) is also approaching our major resistance and is a good precursor for a potential […]

  • AUDUSD reacting off resistance, further potential drop!

    Price is reacting off our first resistance at 0.7781 (horizontal overlap resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension, long term descending resistance line) and might be pushed down to our major support at 0.7722 (horizontal overlap support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (55,5,3) is also reacting off our major resistance, a good precursor […]

  • AUDUSD approaching support, potential rise!

    AUDUSD is approaching our first support at 0.76555 (horizontal swing low support, 61.8% Fibonacci retracement, short term ascending support line). A strong bounce might occur above this level, pushing price up to our major resistance at 0.7726 (horizontal swing high resistance, 61.8%, 76.4% Fibonacci retracement, 100% Fibonacci extension). RSI (89) is bouncing above our long […]

  • AUDUSD approaching resistance, potential drop!

    AUDUSD is approaching our first resistance at 0.7704 (horizontal overlap resistance, 23.6%, 38.2%, 50% Fibonacci retracement) which coincides with the short term descending resistance line. A strong reaction might occur at this level, pushing price down to our major support at 0.7643 (horizontal swing low support, 61.8% Fibonacci extension). Stochastic (34,5,3) is also reacting off […]

  • AUDUSD approaching major support, potential for a bounce!

    AUDUSD is approaching major support at 0.7639 (Fibonacci retracement, Fibonacci extension, horizontal swing low support) and a strong bounce could occur at this level pushing prices up to major resistance at 0.7775 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance). Stochastic (89,5,3) is seeing major support above 4% where a corresponding bounce could occur. Trading CFDs […]

  • AUDUSD approaching major resistance, potential drop!

    AUDUSD is approaching our first major resistance at 0.7773 (38.2% Fibonacci retracement, horizontal overlap resistance). A strong reaction might occur at this level pushing price down to our major support at 0.7678 (horizontal swing low support). Stochastic (21,5,3) has also reacted off its major resistance at 95% and we might see a corresponding drop in […]

  • AUDUSD approaching resistance, potential drop!

    AUDUSD is approaching our first resistance at 0.7712 (horizontal overlap resistance, breakout level) and a strong reaction might occur, pushing price down to our major support at 0.7503 (horizontal swing low support, 78.6% Fibonacci retracement, 100% Fibonacci extension). We need to watch for a break out of our intermediate support level at 0.7652 (horizontal overlap […]

  • AUDUSD reacted off resistance, further potential drop!

    <img src="http: AUDUSD reacted off its major resistance level at 0.7891 (horizontal overlap resistance, 38.2%, 61.8% Fibonacci retracement, 100% Fibonacci extension). A strong reaction could occur at this level pushing price down to our next major support at 0.7830 (horizontal overlap support, 38.2% Fibonacci retracement, 100% Fibonacci extension). RSI (55) is also approaching its major […]

  • AUDUSD testing major resistance, potential drop!

    AUDUSD is testing major resistance at 0.7890 (Fibonacci retracement, horizontal overlap resistance, bearish divergence) and a strong reaction could occur from here to push prices down to 0.7775 (Fibonacci retracement, horizontal swing low support, Fibonacci extension). Stochastic (55,5,3) is seeing major resistance at 95% and a corresponding reaction could occur at this level. Trading CFDs […]

  • AUDUSD bouncing up nicely, watch for a further rise!

    AUDUSD has started to bounce above strong support at 0.7784 (Fibonacci retracement, horizontal overlap support) and a further rise could occur at this level to push price up to 0.7827 resistance (Fibonacci retracement, horizontal overlap resistance) before 0.7889 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,5,3) is seeing intermediate ascending support push price up nicely […]

  • AUDUSD testing strong resistance, potential drop!

    AUDUSD is testing strong resistance at 0.7784 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and a strong reaction could occur at this level to push price down to 0.7713 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance from 92-98% where a corresponding reaction could occur. Trading CFDs on margin carries […]

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

    AUDUSD is testing major resistance at 0.7867 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance) and a strong reaction could occur at this level to push price down to 0.7804 support (Fibonacci extension, horizontal swing low support). Stochastic (21,5,3) is seeing major resistance at 92-98% where a corresponding reaction could occur. Trading CFDs on margin […]