• BCOUSD approaching support, potential bounce!

    BCOUSD is approaching our first support at 73.27 (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 75.62 (horizontal swing high resistance, 61.8% Fibonacci extension). Stochastic is also approaching support where we might see a corresponding bounce in price. Trading CFDs […]

  • BCOUSD approaching support, potential bounce!

    BCOUSD is approaching our first support at 73.27 (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 74.98 (61.8% Fibonacci extension). RSI is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high […]

  • Summary

    We are seeing a nice setup on USDCAD where we are expecting a drop below our first resistance level and XAUUSD where it is approaching support where we are expecting a bounce this level. BCOUSD reversed perfectly from our first resistance: https://www.tradingview.com/chart/USDJPY/HgJOkPUZ-BCOUSD-approaching-resistance-potential-drop/

  • BCOUSD approaching resistance, potential drop!

    BCOUSD is approaching our first resistance at 72.09 (horizontal swing high resistance, 100%, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 70.70 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, Horizontal swing low support). Stochastic is also approaching resistance and seeing a bearish divergence where […]

  • BCOUSD approaching resistance, potential drop!

    BCOUSD is approaching our first resistance at 70.94 (horizontal pullback resistance, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 68.48 (50% Fibonacci retracement, horizontal pullback support). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs […]

  • BCOUSD approaching resistance, potential drop!

    BCOUSD is approaching our first resistance at 70.94 (horizontal pullback resistance, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 68.48 (50% Fibonacci retracement, horizontal pullback support). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs […]

  • BCOUSD approaching resistance, potential drop!

    BCOUSD is approaching our first resistance at 68.73 (horizontal swing high resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 66.34 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding […]

  • BCOUSD made a bullish exit from its descending line!

    BCOUSD has made a bullish exit from its descending resistance turned support line where it could potentially rise to its major resistance at 76.44 (50% Fibonacci retracement, horizontal overlap resistance) after bouncing off its support at 75.20 (horizontal overlap support). RSI (89) has made a bullish exit from its descending channel and the ichimoku cloud […]

  • BCOUSD approaching support, potential bounce!

    BCOUSD is approaching support at 76.27 (100% Fibonacci extension, 61.8% Fibonacci retracement, Elliot Wave structure) where it could potentially bounce off from and rise to its resistance at 78.38 (61.8% Fibonacci retracement, horizontal overlap resistance). Stochastic (55, 5, 3) is approaching its support at 5.17% where a corresponding bounce could occur. Trading CFDs on margin […]

  • BCOUSD reversed off resistance, potential further drop!

    BCOUSD reversed nicely off its resistance at 78.43 (61.8% Fibonacci retracement, horizontal overlap resistance) where price could potentially drop further to its major support at 76.38 (61.8% Fibonacci retracement, horizontal pullback support). RSI (55) has made a bearish exit from its ascending support turned resistance line which contributes to our bearish bias. Trading CFDs on […]

  • Brent Crude Oil approaching support, potential for a bounce!

    BCOUSD is approaching strong support at 63.54 (Fibonacci retracement, Fibonacci extension, horizontal swing low support) and a nice bounce could potentially occur at this level to push price up to major resistance at 66.35 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance). Stochastic (34,5,3) is seeing major support above 2.1% where a corresponding bounce could […]

  • Bitcoin dropping strongly, approaching major support!

    Bitcoin is dropping really strongly and is approaching major support at 9109 (Multiple Fibonacci retracement, horizontal overlap support, Fibonacci extension) and a strong bounce could occur at this level to push price up to at least 11772 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (34,5,3) is seeing major support at 7.2% and a corresponding […]

  • Brent Crude Oil testing major resistance, potential for a drop!

    Brent Crude Oil (BCOUSD) is tesing major resistance at 66.64 (Fibonacci extension, Fibonacci retracement, horizontal pullback resistance) and a strong reaction could occur at this level to push price back down to 64.31 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing major resistance at 98% where a corresponding reaction could occur. Trading CFDs […]