• EURUSD approaching support, potential bounce!

    EURUSD is approaching our first support at 1.352 (horizontal overlap support, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where we might see a strong bounce above our support to our major resistance at 1.1440 (horizontal pullback resistance, 61.8%, 76.4% Fibonacci retracement). Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price. […]

  • Summary

    We are seeing a nice setup on CADJPY and XAUUSD as it is approaching resistance where we are expecting a drop below this level. EURUSD dropped nicely from our first resistance level and is approaching our major support target: https://www.tradingview.com/chart/EURUSD/PHpSB518-EURUSD-approaching-resistance-potential-drop/

  • EURUSD approaching resistance, potential drop!

    EURUSD is approaching our first resistance at 1.1408 (horizontal pullback resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.1350 (horizontal swing low support, 61.8% Fibonacci retracement). Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop […]

  • EURUSD approaching resistance, potential drop!

    EURUSD is approaching our first resistance at 1.1375 (50%, 61.8% Fibonacci retracement, 61.8%, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 0.6869 (horizontal overlap support, 38.2% Fibonacci retracement). Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price. […]

  • EURUSD approaching resistance, potential drop!

    EURUSD is approaching our first resistance at 1.1503 (horizontal pullback resistance, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 1.1443 (horizontal pullback support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in […]

  • EURUSD approaching support, potential bounce!

    EURUSD is approaching our first support at 1.1363 (horizontal swing low support, 100% Fibonacci extension, 78.6% Fibonacci retracement, ascending channel’s support) where a strong bounce might occur above this level pushing price up to our major resistance at 1.1460 (50% Fibonacci retracement, horizontal pullback resistance). Stochastic (34,5,3) is also approaching support where we might see […]

  • EURUSD approaching resistance, potential drop!

    EURUSD is approaching our first resistance at 1.1487 (horizontal overlap resistance, 61.8% fiboancci extension, 23.6% fiboancci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.1433 (Horizontal swing low support, 38.2% fiboancci retracement). RSI (89) is also approaching resistance and we might see a corresponding drop […]

  • EURUSD approaching resistance, potential drop!

    Price is approaching our first resistance at 1.1532 (horizontal overlap resistance, 23.6% Fibonacci retracement, 100%, 61.8% Fibonacci extension) where a strong reaction could occur below this level pushing price down to our major support at 1.1369 (horizontal swing low support, 100% fibonacci extension, 61.8% fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might […]

  • EURUSD approaching resistance, potential drop!

    EURUSD is approaching our first resistance at 1.1532 (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 1.1369 (Horizontal swing low support, 100% fibonacci extension, 61.8% fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might […]

  • EURUSD approaching resistance, potential drop!

    EURUSD is approaching our first resistance at 1.1401 (horizontal swing high resistance, 78.6% fibonacci retracement, 100% fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 1.1322 (61.8% fibonacci extension, 61.8% fibonacci retracement). Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop […]

  • EURUSD approaching resistance, potential drop!

    EURUSD is approaching our first support at 1.1379 (horizontal swing high support, 78.4% fibonacci retracement, 100% fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 1.1379 (61.8% fibonacci extension, 61.8% fibonacci retracement, horizontal swing high resistance). Stochastic (34,5,3) is also approaching support and we might […]

  • EURUSD approaching support, potential bounce!

    EURUSD is approaching our first support at 1.1308 (61.8%, 100% fibonacci extension, horizontal swing low support, 76.4% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1.1394 (61.8% fibonacci retracement, horizontal swing high resistance). Stochastic (55,5,3) is also approaching support and we might see a […]

  • EURUSD approaching resistance, potential drop!

    EURUSD is approaching our first resistance at 1.1427 (horizontal swing high resistance, 61.8% fibonacci extension, 78.6% fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.1388 (Horizontal swing high support, 23.6% fibonacci retracement). Stochastic (55,5,3) is also approaching resistance and we might see a corresponding […]

  • EURUSD approaching support, potential bounce!

    EURUSD is approaching our first support at 1.1278 (100% fibonacci extension, 76.4% fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 1.1426 (horizontal swing high resistance, 61.8% fibonacci extension, 78.6% fibonacci retracemen, descending channel resistance). Stochastic (89,5,3) is approaching support and we might see a […]

  • EURUSD approaching resistance, potential drop!

    EURUSD is approaching our first resistance at 1.1434 (76.4% Fibonacci retracement, 100% Fibonacci extension, descending channel resistance) where a strong drop might occur pushing price down to our major support at 1.1184 (100% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (21,5,3) is also approaching resistance we might see a corresponding drop in price. Trading CFDs on […]