• AUDUSD is approaching support, potential bounce!

    AUDUSD is approaching our first support at 0.7087 (horizontal overlap support, 50% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 0.7176 (50% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (34) is also approaching support and we might see a corresponding rise in price should it […]

  • AUDUSD approaching support, potential bounce!

    AUDUSD is approaching our first support at 0.7230 (horizontal pullback support, 23.6%, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7310 (horizontal overlap resistance, 61.8% Fibonacci extension, 76.4% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure in […]

  • AUDUSD approaching resistance, potential drop!

    AUDUSD is approaching our first resistance at 0.7239 (horizontal overlap resistance, 61.8% Fibonacci extension, 50%, 23.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at (swing low support, 100% Fibonacci extension). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in […]

  • AUDUSD approaching support, potential bounce!

    AUDUSD is approaching our first support at 0.7106 (horizontal swing low support, 61.8%, 100% Fibonacci extension, 78.6% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 0.7197 (horizontal swing high resistance, 38.2% Fibonacci retracement). Stochastic (55,5,3) is also approaching support and seeing a bullish divergence […]

  • AUDUSD approaching resistance, potential drop!

    AUDUSD is approaching our first resistance at 0.72192 (horizontal overlap resistance, 61.8%, 100% Fibonacci extension, 23.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.7142 (horizontal swing low support). Stochastic (21,5,3) is also approaching resistance and we might see a corresponding drop in price. […]

  • AUDUSD approaching support, potential bounce!

    AUDUSD is approaching our first support at 0.7244 (horizontal swing low support, 76.4% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7312 (horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastics (89,5,3) is also seeing a bullish divergence and approaching support and a […]

  • AUDUSD approaching resistance, potential drop!

    AUDUSD is approaching our first resistance at 0.7437 (horizontal swing high resistance, 78.6% Fibonacci retracement, 61.8%, 100% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 0.7383 (horizontal swing low support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic 89,5,3) is also approaching resistance and a […]

  • AUDUSD approaching resistance, potential drop!

    Price is approaching our first resistance at 0.7480 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong reaction might occur below this level, pushing price down to our major support at 0.7359 (horizontal swing low support, 100% Fibonacci extension, 76.4% Fibonacci retracement). Stochastic (89,5,3) is also approaching our resistance and a reaction […]

  • AUDUSD approaching support, potential bounce!

    AUDUSD is approaching our first support at 0.7400 (horizontal swing low support, 50% Fibonacci retracement, short term ascending support line) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7469 (horizontal swing high resistance, 61.8%, 100% Fibonacci extension). Stochastic (34,5,3) is also approaching our support where a […]

  • AUDUSD approaching resistance, potential drop!

    AUDUSD is approaching our first resistance at 0.74632 (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 0.7311 (horizontal swing low support). Stochastic (89,5,3) is also approaching our resistance and a reaction below this level might see a […]

  • AUDUSD approaching resistance, potential drop!

    AUDUSD is approaching our first resistance at 0.7487 (horizontal pullback resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 0.7161 (horizontal swing low support, 100% Fibonacci extension, 76.4% Fibonacci retracement). A breakout below our intermediate support at 0.7325 (horizontal swing […]

  • AUDUSD approaching resistance, potential drop!

    Price is approaching our first resistance at 1.0779 (horizontal overlap resistance, 38.2%, 50% Fibonacci retracement, 100% Fibonacci extension, Elliot wave structure) where a strong reaction might occur below this level pushing price down to our major support at 1.0602 (horizontal overlap support, 100% Fibonacci extension, 76.4% Fibonacci retracement). A breakout below our intermediate support at […]

  • 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 […]