• GBPAUD approaching support, potential bounce!

    GBPAUD is approaching our first support at 1.8052 (horizontal pullback support, 38.2%, 50% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction might occur above this level pushing price up to our major resistance at 1.8250 (Horizontal overlap resistance, 61.8% Fibonacci retracement). Stochastic (55,5,3) is also approaching support where we might see a corresponding rise […]

  • GBPAUD approaching support, potential bounce!

    GBPAUD is approaching our first support at 1.7949 (horizontal pullback support, 61.8% Fibonacci extension, 23.6% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.8168 (horizontal pullback resistance, 61.8%, 100% Fibonacci extension, 76.4% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure in […]

  • GBPAUD approaching resistance, potential drop!

    GBPAUD is approaching our first resistance at 1.7651 (horizontal pullback resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.7325 (horizontal swing low support, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching our major resistance where we might see a […]

  • GBPAUD approaching resistance, potential drop!

    GBPAUD is approaching our first resistance at 1.7633 (horizontal swing high resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 1.7293 (horizontal swing low support, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching resistance and a reaction below this level […]

  • GBPAUD approaching resistance, potential drop!

    Price is approaching our first resistance at 1.7709 (horizontal overlap resistance, 61.8%, 100% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.7530 (horizontal swing low support, 76.4% Fibonacci retracement, Elliot wave structure, 100% Fibonacci extension). Ichimoku cloud is also showing signs […]

  • GBPAUD approaching support, potential bounce!

    GBPAUD is approaching our first support at 1.7706 (horizontal overlap support, 50% Fibonacci retracement, 100% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 1.8242 (horizontal swing high resistance, 100% Fibonacci extension, 76.4% Fibonacci retracement). A breakout above our intermediate resistance at 1.7976 (horizontal swing […]

  • GBPAUD approaching resistance, potential drop!

    GBPAUD is approaching our first resistance at 1.8084 (horizontal swing high resistance, 61.8% Fibonacci retracement, 161.8%, 100% Fibonacci extension, Elliot wave structure) and a strong reaction might occur below this level, pushing price down to our major support at 1.7769 (horizontal overlap support, 50% Fibonacci retracement). A breakout below our short term ascending line might […]

  • GBPAUD approaching resistance, potential drop!

    GBPAUD is approaching our first resistance at 1.7593 (horizontal overlap resistance, 100% Fibonacci extension, 23.6% Fibonacci retracement) and a strong reaction might occur below this level pushing price down to our major support at 1.7479 (horizontal swing low support, 76.4% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line with our […]

  • GBPAUD testing resistance, potential drop!

    GBPAUD is testing our first resistance at 1.8208 (horizontal swing high resistance, 50%, 76.4% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 1.7933 (horizontal swing low support). RSI is also approaching our major resistance where a reaction off that level might be a good precursor […]

  • GBPAUD approaching resistance, potential drop!

    GBPAUD is approaching our first resistance at 1.8101 (horizontal pullback resistance, breakout level) and a strong reaction might occur below this level, pushing price down to our major support at 1.7980 (horizontal pullback support, 100% Fibonacci extension, 38.2% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure, in line with our bearish bias. […]

  • GBPAUD is approaching support, potential rise!

    GBPAUD is approaching our first support at 1.8178 (horizontal swing low support, 38.2% Fibonacci retracement, 100% Fibonacci extension) and a strong bounce might occur above this level, pushing price up to our major resistance at 1.8465 (horizontal swing high resistance, 100% Fibonacci extension). Stochastic (89,5,3) is also approaching our support and a bounce off this […]

  • GBPAUD testing resistance, potential drop!

    GBPAUD is approaching our short term descending resistance line and first resistance at 1.8470 (horizontal swing high resistance, 100% Fibonacci extension). A strong reaction might occur below that level, pushing price down to our major support at 1.8356 (horizontal overlap support, 38.2% Fibonacci retracement). RSI (89) is also approaching our major resistance and a reaction […]

  • GBPAUD approaching resistance, potential drop!

    GBPAUD is approaching our first resistance at 1.8508 (horizontal swing high resistance, 100% Fibonacci extension). A strong reaction might occur below this level, pushing price down to our major support at 1.8376 (horizontal pullback support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) which coincides with our long term ascending support line. Stochastic (55,5,3) is also approaching […]

  • GBPAUD testing strong resistance once again, potential for a drop!

    GBPAUD is testing major resistance at 1.7847 (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to push price down to 1.7439 support (Fibonacci retracement, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance at 96% where a corresponding reaction could occur. Trading CFDs on margin carries […]

  • GBPAUD testing major resistance, watch for a reversal

    GBPAUD is testing major resistance at 1.7974 (Fibonacci extension, horizontal swing high resistance, bearish price action, bearish divergence) and a strong reaction could occur at this level to drive price down to 1.7439 support (Fibonacci retracement, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance at 96% and a corresponding reaction could occur at […]