• CADCHF has made a bullish exit, potential for a mega reversal!

    CADCHF has made a bullish exit of its long term descending channel, this is a huge sign for a potential bullish reversal. Our 1st support is at our breakout level of 0.7386 and we can see two major resistance levels at 0.7439 (Fibonacci retracement, horizontal overlap resistance) and 0.7469 (Fibonacci retracement, horizontal overlap resistance). RSI […]

  • EURGBP is reacting nicely off major resistance, huge bearish potential.

    EURGBP has reacted nicely off major resistance at 0.8911 (Fibonacci retracement, horizontal swing high resistance) and a strong reaction could continue from this level to push price down towards 0.8747 support (Fibonacci retracement, horizontal swing low support). Stochastic (55,5,3) is seeing major resistance at 95% where it reacted nicely off. Huge downside potential for a […]

  • AUDUSD has reached our target, prepare for a potential bounce!

    AUDUSD has dropped perfectly as forecasted towards our major support. Now we’re seeing major support at 0.7891 (Fibonacci retracement, horizontal overlap support, bullish divergence) and a strong bounce could occur at this level to push price up towards 0.7934 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (21,5,3) is seeing major support above 6.4% and can […]

  • Etherium being squeezed, watch for a potential bearish breakout!

    Desmond’s Technical Analysis Etherium is currently being squeezed against major resistance at 987 due to our ascending support line pushing it up bit by bit. We can see major resistance at 987 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at that level to push price down towards 781 support […]

  • Is EUR/USD about to go down?

    We ponder what the single currency is up to and discuss what’s going to happen on the oil market in the near future.

  • Silver now testing strong support, watch for a potential bounce!

    Silver is now testing major support at 16.63 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and a strong bounce could occur at this level to push price up towards 16.96 resistance (Fibonacci retracement, horizontal swing high resistance). Stochastic (34,5,3) is seeing major support at 7% where a corresponding bounce could occur. Trading CFDs on margin […]

  • Litecoin forming a consolidation pattern, prepare for another bounce

    Litecoin is now consolidating really nicely within a wedge formation. We prepare for a potential bounce above 212 major support (horizontal overlap support, Fibonacci retracement) with our next major resistance at 264.42 (Fibonacci retracement, horizontal swing high resistance). Stochastic (21,5,3) can see an ascending support hold prices up and our bullish bias really well. Trading […]

  • AUDUSD testing strong resistance, prepare for a potential drop!

    AUDUSD is testing major resistance at 0.7934 (Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to push price down to 0.7890 support (Fibonacci extension, horizontal overlap support). Stochastic (21,5,3) is seeing major resistance at 93% where a corresponding reaction could occur. Trading CFDs on margin carries high risk. Losses […]

  • Bitcoin has continued to rise, watch for further potential upside!

    Bitcoin has continued to rise nicely and we’re seeing an ascending support line hold up prices really well. Our 1st major support is at 10319 (Fibonacci retracement, horizontal overlap support, ascending support) and a strong bounce could occur at this level to further push price up towards 12970 major resistance (Fibonacci retracement, horizontal overlap resistance). […]

  • Silver is testing major resistance, watch for a potential reversal

    Silver has been rising strong and is now testing major 50% resistance at 16.91 (Fibonacci retracement, Elliott wave structure, horizontal swing high resistance) and a strong reaction could occur at this level to push price all the way down to 16.48 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing major resistance at 95% […]

  • Litecoin shot up perfectly as forecasted, potential for further rise

    Litecoin has shot up perfectly as forecasted and hit our major resistance level before slowing down. Another rise could occur above 214.38 support (Fibonacci retracement, horizontal overlap resistance) to push price up further to 264.42 resistance (Fibonacci retracement, horizontal swing high resistance, Fibonacci extension). RSI (34) is clearly above our major support lines which will […]

  • CADCHF on major channel resistance, possible further drop

    CADCHF is now testing our long term channel resistance once again and a further drop could occur from this level as it has respected the channel so well so far. Our 1st resistance is at 0.7438 (Fibonacci retracement, horizontal overlap resistance) and our next support is all the way down at 0.7368 (Fibonacci extension). Trading […]

  • Bitcoin has reached our major resistance, watch for a potential reversal!

    Bitcoin has shot up and reached our major resistance level at 9848 (near 10,000 psychological level, Fibonacci retracement, horizontal overlap resistance) and a strong reversal could occur at this level to push price down to 7938 support (Fibonacci retracement, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance at 92% where a corresponding reaction […]

  • Litecoin testing major resistance, watch for the break!

    Litecoin is testing major resistance at 172.58 and a break above this level could trigger a move all the way u p to 213.62 (Fibonacci retracement, horizontal overlap resistance). We do have to be careful about strong intermediate resistance at 196.16. We can see a bit of a squeeze happening too with our ascending support […]

  • Bitcoin has made a bullish exit, prepare for a potential rise!

    Bitcoin has made a bullish exit from our long term descending resistance-turned-support line which is a strong signal that a rise could occur from here. Our first major support is at 8587 (breakout level) and our next major resistance is at 9848 (Fibonacci retracement, horizontal pullback resistance). Trading CFDs on margin carries high risk. Losses […]