• EURCHF testing resistance, potential drop!

    Price is testing our first resistance at 1.1270 (horizontal pullback resistance, 100% fibonacci extension, 38.2%, 50% fibonacci retracement, short term descending resistance line) where a strong drop might occur pushing price down to our major support at 1.1223 (horizontal swing low support, 76.4% fibonacci retracement). Stochastic (34,5,3) is also approaching resistance where we might see […]

  • EURCHF approaching resistance, potential drop!

    EURCHF is approaching our first resistance at 1.1365 (horizontal pullback resistance, short term descending resistance line, 61.8% Fibonacci retracement, 23.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.1244 (horizontal overlap support). RSI (89) is also approaching resistance and a reaction below this level […]

  • EURCHF approaching resistance, potential drop!

    EURCHF is approaching our first resistance at 1.1446 (horizontal overlap resistance, 23.6%, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.1247 (horizontal swing low support) Stochastic (55,5,3) is also approaching resistance and a reaction below this level might see a corresponding drop in […]

  • EURCHF approaching resistance, potential drop!

    EURCHF is approaching our first resistance at 1.1629 (horizontal overlap resistance, 61.8% fibonacci extension, 38.2% fibonacci retracement) where a strong reaction might occur below this level, pushing price down to our major support at 1.1537 (horizontal swing low support, 100% fibonacci extension, 76.4% fibonacci retracement). RSI (55) is also seeing a bearish exit and we […]

  • EURCHF approaching resistance, potential drop!

    EURCHF is testing our first resistance at 1.1600 (horizontal overlap resistance, 23.6% Fibonacci retracement) and a strong reaction might occur below this level pushing price down to our major support at 1.1540 (horizontal swing low support, 100% Fibonacci extension, 50%, 76.4% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line with […]

  • EURCHF approaching support, potential bounce!

    Price is approaching our first support at 1.1602 (horizontal overlap support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension, long term ascending support line) and a strong bounce might occur below this level pushing price up to our major resistance at 1.1766 (horizontal overlap resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension). Stochastic (89,5,3) is also approaching our […]

  • EURCHF approaching resistance, potential drop!

    EURCHF is approaching our first resistance at 1.1657 (horizontal swing high resistance, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 1.1591 (horizontal pullback support, 38.2% Fibonacci retracement, short term ascending support line). RSI (89) is also seeing a bearish exit where we might […]

  • EURCHF approaching support, potential bounce!

    EURCHF is approaching our first support at 1.1511 (horizontal swing low support, 50% fibonacci retracement) and a strong bounce might occur pushing price up to our major resistance at 1.1582 (horizontal swing pullback resistance, 50% fibonacci retracement, 100%, 61.8% fibonacci extension). Stochastic (55,5,3) is also approaching support and we might see a corresponding rise in […]

  • EURCHF approaching support, potential bounce!

    EURCHF is approaching our first support at 1.1581 (horizontal overlap support, 23.6%, 38.2%, 61.8% Fibonacci retracement, 61.8% 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 1.1658 (horizonal swing high resistance, 61.8% Fibonacci extension). Stochastic (55,5,3) is […]

  • EURCHF approaching resistance, potential drop!

    EURCHF is approaching our first resistance at 1.1530 (horizontal overlap resistance, 23.6% Fibonacci retracement) which coincides with our short term descending resistance line. A strong reaction might occur below this level pushing price down to our major support at 1.1367 (horizontal swing low support). RSI (55) is also approaching resistance where a reaction off this […]

  • EURCHF approaching resistance, potential drop!

    EURCHF broke out of our short term ascending support line and is approaching our first resistance at 1.1941 (horizontal overlap resistance, 100% Fibonacci extension, 23.6% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 1.1867 (horizontal swing low support, 100% Fibonacci extension). A breakout below our […]

  • EURCHF approaching resistance, potential drop!

    EURCHF is approaching our first resistance at 1.1955 (horizontal swing high resistance, 78.6% Fibonacci retracement) which coincides with our short term descending resistance line. A strong reaction might occur below this level, pushing price down to our major support at 1.1898 (horizontal overlap support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (55,5,3) is also approaching […]

  • EURCHF approaching support, potential bounce!

    EURCHF is approaching our first support at 1.1950 (horizontal swing low support, short term ascending support line). A strong bounce might occur above this level, pushing price up to our major resistance at 1.1979 (horizontal swing high resistance, 61.8% Fibonacci extension, 76.4% Fibonacci retracement). Stochastic is also approaching our major resistance and we might see […]

  • EURCHF approaching support, watch for breakout!

    EURCHF is testing our short term ascending support line and facing bearish pressure from our short term descending resistance line. A breakout below our ascending support line and our first support at 1.1937 (horizontal swing low support, 23.6% Fibonacci retracement) might provide the bearish acceleration to our major support at 1.1889 (horizontal swing pullback support, […]

  • EURCHF approaching major resistance, potential reversal

    EURCHF is approaching major resistance at 1.1560 (Fibonacci retracement, horizontal pullback resistance, descending resistance) and a strong reaction could occur at this level to push price down towards 1.1455 support (Fibonacci extension, horizontal swing low support). Stochastic (55,5,3) is seeing major resistance at 96% where a corresponding reaction could occur. Trading CFDs on margin carries […]