• EURAUD approaching support, potential bounce!

    EURAUD is approaching our first support at 1.5740 (horizontal overlap support, 61.8% Fibonacci extension, 78.6% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1.6048 (horizontal pullback resistance, 50% Fibonacci extension). Stochastic (89,5,3) is also approaching support we might see a corresponding rise in price […]

  • EURAUD approaching resistance, potential drop!

    EURAUD is approaching our first resistance at 1.6148 (horizontal pullback resistance, 23.6% Fibonacci retracement) and a strong drop might occur pushing price down to our major support at 1.6074 (horizontal pullback support, 76.4% Fibonacci retracement, 100% Fibonacci extension). Stochastic (21) is also facing bearish pressure and we might see a corresponding drop in price. Trading […]

  • EURAUD is approaching support, potential bounce!

    EURAUD is approaching our first support at 1.6167 (horizontal overlap support, 61.8% Fibonacci extension, 50% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1.6260 (horizontal overlap resistance, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching support and we might see a corresponding rise in […]

  • EURAUD approaching resistance, potential drop!

    EURAUD is approaching our first resistance at 1.6265 (horizontal swing high resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.5715 (horizontal overlap support, 61.8% Fibonacci extension, 61.8%, 78.6% Fibonacci retracement, long term ascending support line). Stochastic (55,5,3) is also […]

  • EURAUD approaching resistance, potential drop!

    EURAUD is approaching our first resistance at 1.6194 (horizontal swing high resistance, 100% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 1.2892 (horizontal pullback support, 50% Fibonacci retracement, 100% Fibonacci extension). Stochastic (89,5,3) is also approaching resistance where a reaction below this level might […]

  • EURAUD approaching resistance, potential drop!

    EURAUD is approaching our first resistance at 1.5968 (horizontal overlap resistance, 76.4% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 1.5840 (horizontal swing low support, 23.6%, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also approaching our resistance and seeing a bearish divergence […]

  • EURAUD approaching resistance, potential drop!

    EURAUD is approaching our first resistance at 1.5727 (horizontal overlap resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.5540 (horizontal overlap support, 61.8% Fibonacci extension, 76.4%, 61.8% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in […]

  • EURAUD approaching resistance, potential drop!

    EURAUD is approaching our first resistance at 1.5727 (horizontal overlap resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.5540 (horizontal overlap support, 61.8% Fibonacci extension, 76.4%, 61.8% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in […]

  • EURAUD approaching resistance, potential drop!

    Price is approaching our first resistance at 1.5653 (horizontal overlap resistance, 23.6% Fibonacci retracement) where price might drop to its support at 1.5540 (76.4%, 61.8% Fibonacci retracement , horizontal pullback support). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. RSI (89) is seeing a bearish exit and we […]

  • EURAUD approaching resistance, potential drop!

    EURAUD broke out of our short term ascending support-turned-resistance line and is approaching our first resistance at 1.5885 (horizontal swing high resistance, 100% Fibonacci extension) where price might potentially drop to our major support at 1.5653 (horizontal overlap support, 38.2% Fibonacci retracement). A breakout of our intermediate support at 1.57 09 (horizontal swing low support) […]

  • 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 […]