• Summary

    Today we are seeing a nice setup on CADCHF as it is approaching support where we are expecting a bounce above this level. We are also seeing a nice setup on USDJPY where it is approaching our first resistance where we expect a drop below this level. 1. CHFJPY reversed nicely below our first resistance […]

  • USDJPY approaching resistance, potential drop!

    Price is approaching our first resistance at 113.80 (horizontal swing high resistance, 61.8% Fibonacci retracement) where a strong reaction might occur below this level pushing price down to our major support at 111.35 (horizontal pullback support, 23.6%, 50% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching resistance and a reaction below this level […]

  • 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 […]

  • GBPCHF approaching resistance, potential drop!

    GBPCHF is approaching our first resistance at 1.3087 (horizontal pullback resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction might occur below this level, pushing price down to our major support at 1.2922 (61.8% Fibonacci extension). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. RSI (34) […]

  • CADCHF approaching support, potential bounce!

    Price is approaching our first support at 0.7530 (horizontal swing low support, 50% Fibonacci retracement, 61.8% Fibonacci extension) and a strong bounce might occur below this level pushing price up to our major resistance at 0.7587 (horizontal swing high resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching our support and a […]

  • Bitcoin is moving forward

    We discuss what American index S&P500 is up to and ponder what is going on with cross rate of currency pair EUR/GBP and Bitcoin.

  • Summary

    Today we are seeing a nice setup on CADJPY as it is approaching our first resistance where we are expecting a drop below that level. We are also seeing a nice setup on CHFJPY as it is approaching our first resistance where we are also expecting a drop below that level. Here are some of […]

  • CHFJPY approaching resistance, potential drop!

    Price is approaching our first resistance at 113.28 (horizontal overlap resistance, 100% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 112.04 (horizontal overlap support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching our resistance and we might see a corresponding drop […]

  • 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 […]

  • CADJPY approaching resistance, potential drop!

    CADJPY is approaching our first resistance at 85.92 (horizontal overlap resistance, 100% Fibonacci extension, 76.4% Fibonacci retracement) where price might potentially drop to our major support at 85.18 (horizontal overlap support, 23.6% Fibonacci retracement). RSI (89) is also seeing a bearish exit and we might see a corresponding drop in price if it reacts off […]

  • AUDJPY approaching resistance, watch for breakout!

    Price is approaching our first resistance at 83.71 (horizontal swing high resistance, 78.6% Fibonacci retracement) and a breakout above this level might push price up to our major resistance at 84.58 (horizontal swing high resistance, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias. RSI (89) […]

  • Summary

    Today we are seeing a nice setup on USDJPY as it is approaching our first resistance where we expect a drop to occur below this level. We are also seeing a nice setup on CHFJPY as it is approaching resistance where we are expecting a drop to occur below this level. Here are some of […]

  • USDJPY approaching resistance, potential drop!

    Price is approaching our first resistance at 113.36 (horizontal swing high resistance, 61.8% Fibonacci retracement) where a strong reaction might occur below this level pushing price down to our major support at 111.36 (horizontal pullback support, 23.6%, 50% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (34,5,3) is also seeing a bearish divergence an is reacting off […]

  • CHFJPY approaching resistance, potential drop!

    CHFJPY is approaching our first resistance at 113.32 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where price might potentially drop to our major support at 111.26 (horizontal swing low support, 61.8% Fibonacci retracement, 100% Fibonacci extension). Stochastic (55,5,3) is also seeing a bearish divergence and is approaching resistance and we might see a […]

  • GBPCHF approaching support, potential bounce!

    Price is approaching our first support at 1.3023 (horizontal swing low support, 38.2% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.3270 (horizontal swing high resistance, 100% Fibonacci extension). Stochastic (55,5,3) is also approaching our major support where a bounce off […]