• AUDUSD approaching support, potential bounce!

    AUDUSD is approaching our first support at 0.7428 (horizontal swing low support, 61.8% Fibonacci extension). A strong bounce might occur above this level pushing price up to our major resistance at 0.7483 (horizontal pullback resistance, 100% Fibonacci extension, 23.6% Fibonacci retracement). Stochastic (89,5,3) is also approaching support where we might see a rise in price […]

  • AUDUSD approaching resistance, potential drop!

    AUDUSD is approaching our first resistance at 0.7612 (horizontal overlap resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) and is testing our short term ascending pullback resistance line where price might potentially drop to our major support at 0.7561 (horizontal swing low support). RSI (55) is approaching our resistance and a reaction off this level might […]

  • AUDUSD reversed nicely from resistance, potential drop!

    AUDUSD reversed nicely from its resistance at 0.7662 (61.8% & 50% Fibonacci retracement, horizontal overlap resistance, channel resistance) where price could fall to its support at 0.7529 (76.4% & 61.8% Fibonacci retracement, horizontal overlap support). We do have to be cautious of the intermediate support at 0.7586 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap […]

  • AUDUSD approaching resistance, potential reversal!

    AUDUSD is approaching its 1st resistance at 0.7606 (50% Fibonacci retracement, 38.2% Fibonacci retracement, 23.6% Fibonacci retracement, 100% Fibonacci extension) where it could potentially react off, causing it to fall to its major support at 0.7483 (100% Fibonacci extension, 61.8% Fibonacci retracement, 76.4% Fibonacci retracement, horizontal overlap support). Stochastic (89, 5, 3) is approaching its […]

  • AUDUSD approaching resistance, potential drop!

    AUDUSD is approaching our first resistance at 0.7580 (horizontal swing high resistance, 78.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 0.7486 (horizontal swing low support, 61.8% Fibonacci retracement). Stochastic (34,5,3) is also reacting off our resistance and we might see […]

  • AUDUSD broke out of support, further potential drop!

    AUDUSD broke out of our short term ascending support line and is testing our first resistance at 0.7567 (horizontal overlap resistance, 61.8% Fibonacci retracement) where a strong reaction might occur below this level, pushing price down to our first support at 0.7525 (horizontal swing low support, 50% Fibonacci retracement). A breakout below our short term […]

  • AUDUSD is approaching support, potential bounce!

    AUDUSD is approaching our first support at 0.7542 (horizontal pullback support, short term ascending support line, 61.8% Fibonacci retracement) where a strong bounce might occur above the level pushing price up to our major resistance at 0.7599 (horizontal swing high resistance, 100% Fibonacci extension, 50% Fibonacci retracement). Stochastic (21,5,3) is also approaching support and a […]

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

    AUDUSD is testing major resistance at 0.7542 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push price down to 0.7476 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support). Stochastic (21,5,3) is seeing major resistance at 92% where a corresponding reaction could occur. Trading CFDs on margin […]

  • 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 […]