• AUDUSD has reached our target, prepare for a potential bounce!

    AUDUSD has dropped perfectly as forecasted towards our major support. Now we’re seeing major support at 0.7891 (Fibonacci retracement, horizontal overlap support, bullish divergence) and a strong bounce could occur at this level to push price up towards 0.7934 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (21,5,3) is seeing major support above 6.4% and can […]

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

    AUDUSD is testing major resistance at 0.7934 (Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to push price down to 0.7890 support (Fibonacci extension, horizontal overlap support). Stochastic (21,5,3) is seeing major resistance at 93% where a corresponding reaction could occur. Trading CFDs on margin carries high risk. Losses […]

  • 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 […]

  • AUDUSD breaking out nicely, potential further rise!

    AUDUSD has broken out of our major resistance shooting up strongly. 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 (89) has made a bullish exit […]

  • AUDUSD testing major resistance, watch for a bullish break!

    AUDUSD is testing major resistance at 0.7844 (23.6% Fibonacci retracement, horizontal overlap resistance, channel exit potential) and only a clean break above 0.7844 resistance could potentially open a move up to 0.7902 resistance (Fibonacci retracement, horizontal overlap resistance). RSI (89) has made a bullish exit from our long term descending resistance-turned-support line signaling that a […]

  • AUDUSD forming a double bottom, potential reversal!

    AUDUSD has formed a really interesting setup since yesterday. After recovering, it has started to form a double bottom reversal. Coupled with the bullish exit of our descending resistance-turned-support line, this gives us a nicely setup double bottom reversal. Our 1st support remains at 0.7891 (Fibonacci retracement, horizontal overlap support) where a strong rally could […]

  • AUDUSD forming a bearish breakout, possible shorting opportunity!

    AUDUSD has dropped strongly and broken our major support-turned-resistance level at 0.7897 (horizontal overlap resistance, breakout resistance, strong bearish channel) and a strong drop could occur from here to push price down to 0.7817 support (Fibonacci extension, Fibonacci retracement, horizontal swing low support). RSI (55) has made a long term bearish exit signaling a change […]

  • AUDUSD dropped perfectly to our support, prepare for a potential bounce!

    AUDUSD has dropped absolutely perfectly to our major support level before bouncing nicely. We now look for a potential bounce above major support at 0.7899 (Fibonacci retracement, horizontal overlap support, channel exit potential) for a bounce up to potentially 0.7986 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (34,5,3) is seeing major support above 7.9% where […]

  • AUDUSD right on pullback resistance, watch for a further drop!

    AUDUSD has broken our major ascending support line triggering further bearish momentum! We’re seeing 1st resistance at 0.8046 (Fibonacci retracement, horizontal overlap resistance) where a strong drop could occur from to push price down to 0.7958 support (Fibonacci retracement, horizontal swing low support). RSI (34) remains under bearish pressure from our descending resistance line although […]

  • AUDUSD broken major support, prepare for a big drop!

    AUDUSD has finally broken our long term ascending support channel triggering a potential strong sell off from here. Our first major resistance is at 0.8067 (Fibonacci retracement, horizontal pullback resistance) and a strong drop could occur below this level to drive price down to 0.7958 support (Fibonacci retracement, horizontal swing low support). Do be aware […]

  • AUDUSD remains in a strong ascending channel

    AUDUSD remains in our ascending support channel and is now testing major support at 0.8021 (pullback support, ascending channel support). We could expect more bullish momentum driving price all the way up to 0.8112 resistance (Fibonacci extension, horizontal swing high resistance). RSI (34) sees immediate support at 37% where we expect further bullish momentum above. […]

  • AUDUSD starting to reverse nicely, watch for the break of major support!

    AUDUSD is starting to reverse nicely! We are still in an ascending channel that stretches all the way back to December 2017 so only a break of this major channel would trigger a much more bearish move. Right now we’re seeing a close below 0.7988 as the first sign that a possible reversal could be […]

  • AUDUSD starting to reverse nicely, watch this space!

    AUDUSD has started to test our major resistance and is reversing nicely. Our major resistance remains at 0.7988 (78.6% Fibonacci retracement, horizontal swing high resistance, bearish divergence) and a strong drop could occur at this level to push price down towards 0.7883 support (23.6% Fibonacci retracement, horizontal pullback support). RSI (34) sees bearish divergence versus […]

  • AUDUSD on major resistance, potential major reversal!

    AUDUSD is testing major resistance at 0.7988 (78.6% Fibonacci retracement, horizontal swing high resistance, bearish divergence) and a strong drop could occur at this level to push price down towards 0.7883 support (23.6% Fibonacci retracement, horizontal pullback support). RSI (34) sees bearish divergence versus price signaling that a potential reversal is upcoming. Trading CFDs on […]

  • AUDUSD back to pullback resistance!

    AUDUSD has made a pullback to our breakout resistance line since breaking out of it yesterday. This is always a sign of big bears pushing price up so as to get a good entry price fearing they had miss out on the move. Our major resistance is at 0.7835 (overlap resistance, pullback resistance, breakout resistance, […]