• EURAUD approaching resistance, potential drop!

    Price is approaching our first resistance at 1.5849 (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 1.5654 (horizontal overlap support, 38.2% Fibonacci extension). RSI (89) is also seeing a bearish exit and we might see a corresponding […]

  • EURAUD approaching resistance, potential drop!

    Price is approaching our first resistance at 1.5958 (horizontal overlap resistance, 76.4%, 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 1.5618 (horizontal overlap support, 50% Fibonacci retracement). RSI (55) is also seeing a bearish exit and we might see a […]

  • EURAUD approaching resistance, potential drop!

    EURAUD is approaching our first resistance at 1.5969 (horizontal pullback resistance, 76.4% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 1.5443 (horizontal swing low support, 61.8% Fibonacci extension, 76.4% Fibonacci retracement). A breakout below our intermediate support at 1.5645 (horizontal overlap support, 50% Fibonacci […]

  • EURAUD approaching resistance, potential drop!

    Price is approaching our first resistance at 1.5777 (horizontal overlap resistance, 50% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 1.5454 (horizontal swing low support, 61.8% Fibonacci retracement). Stochastic (55,5,3) is also seeing a bearish divergence and is approaching our resistance where a reaction […]

  • EURAUD approaching resistance, potential drop!

    EURAUD is approaching our first resistance at 1.5693 (horizontal swing high resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 1.5279 (horizontal swing low support, 100% Fibonacci extension, Elliot wave structure). RSI (55) is also seeing approaching our major resistance […]

  • EURAUD approaching resistance, potential drop!

    EURAUD is approaching its resistance at 1.5623 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where it could potentially react off, causing price to fall to its support at 1.5458 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) Stochastic (55, 5, 3) is approaching resistance where we might see a corresponding […]

  • EURAUD approaching resistance, potential drop!

    EURAUD is approaching our first resistance at 1.5468 (horizontal pullback resistance, 23.6% Fibonacci retracement) and a strong reaction might occur below this level pushing price down to our major support at 1.5402 (horizontal overlap support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish […]

  • EURAUD approaching resistance, potential reversal!

    EURAUD is approaching its resistance at 1.5498 (61.8% Fibonacci retracement, 23.6% Fibonacci retracement, horizontal overlap resistance) where it could potentially fall to its major support at 1.5375 (61.8% Fibonacci retracement). Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reaction could occur. Trading CFDs on margin carries high risk. Losses can […]

  • EURAUD testing major support, prepare for a potential bounce!

    EURAUD is testing major support at 1.5772 (long term ascending support line, Fibonacci retracement, horizontal overlap support, Fibonacci extension) and a strong bounce could occur at this level pushing price all the way up to major resistance at 1.6137 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance). We identified second support at 1.5632 which is […]

  • EURAUD approaching support, potential bounce!

    EURAUD is approaching our first support at 1.5859 (horizontal swing low support, 78.6% Fibonacci retracement, 100% Fibonacci extension). A strong reaction could occur above this level, pushing price up to our major resistance at 1.6061 (horizontal overlap resistance, 61.8% Fibonacci extension, 76.4% Fibonacci retracement). A breakout above our intermediate resistance at 1.5962 (horizontal overlap resistance, […]

  • EURAUD testing resistance, potential drop!

    Price is testing our first resistance at 1.5955 (horizontal overlap resistance, 38.2% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 1.5854 (horizontal swing low support, 78.6% Fibonacci retracement, 100% Fibonacci extension). Stochastic (21,5,3) is also approaching our resistance and we might see a corresponding drop […]

  • EURAUD testing support, potential bounce!

    EURAUD is approaching our first support at 1.5881 (horizontal swing low support, 100% Fibonacci extension) which coincides with our short term ascending support line. A strong bounce might occur above this level, pushing price up to our major resistance at 1.5966 (horizontal overlap resistance, 38.2%, 50% Fibonacci retracement). Stochastic (34,5,3) is also seeing a bullish […]

  • EURAUD testing support, potential bounce!

    Price is testing our first support at 1.5925 (horizontal pullback support, 61.8%, 76.4% Fibonacci retracement) which coincides with our long term ascending support line. A strong bounce might occur above this level, pushing price up to our major resistance at 1.6003 (horizontal overlap resistance, 38.2% Fibonacci retracement) which coincides with the short term descending resistance […]

  • EURAUD testing support, watch for breakout, potential drop!

    EUAUD has broke out of our short term ascending support line and is testing our first support at 1.600 (horizontal swing low support, 38.2% Fibonacci retracement). A breakout below this level might trigger a strong reaction, pushing price down to our major support at 1.5961 (horizontal pullback support, 61.8% Fibonacci extension, 50%, 61.8% Fibonacci retracement). […]

  • EURAUD testing support, potential rise!

    EURAUD is testing our first support at 1.6061 (horizontal pullback support, 23.6% Fibonacci retracement). A strong bounce might occur above this level, pushing price up to our major resistance at 1.6130 (horizontal overlap resistance, 61.8% Fibonacci extension). RSI (89) is also seeing a bullish exit and is approaching our short term ascending support line where […]