• Summary

    Today we are seeing a nice setup on EURUSD as it is bouncing off our support, which coincides with a Fibonacci extension. Stochastic is also seeing a bullish divergence and is approaching support where we are expecting a rise in price should it bounce off this level. We are also seeing a nice set up […]

  • EURUSD bouncing off support, further potential rise!

    EURUSD is bouncing off our first support at 1.2156 (horizontal swing low support, 100% Fibonacci extension, Elliot wave structure). A rally might occur above this level, pushing price up to our major resistance at 1.2247 (horizontal overlap resistance, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also seeing a bullish divergence and is approaching our major support […]

  • GBPUSD is approaching resistance, potential drop!

    GBPUSD broke out of our long term ascending support-turned-resistance line and is approaching our first resistance at 1.3987 (horizontal overlap resistance). A strong reaction might occur below this level, pushing price down to our major support at 1.3793 (horizontal swing low support, 23.6% Fibonacci retracement, 100% Fibonacci retracement). RSI (34) is also seeing a bearish […]

  • EURJPY approaching support, potential rise!

    EURJPY is approaching our intermediate resistance at 133.42 (horizontal swing high resistance, 100% Fibonacci extension). A breakout above this level might cause a strong rally to occur, pushing price up to our major resistance at 134.19 (horizontal overlap resistance). Ichimoku cloud is also showing signs of bullish pressure, in line with our bullish bias. RSI […]

  • EURAUD testing support, potential rise!

    EURAUD is testing our first support at 1.6061 (horizontal pullback support, 23.6% Fibonacci retracement). A strong bounce might occur above this level, pushing price up to our major resistance at 1.6130 (horizontal overlap resistance, 61.8% Fibonacci extension). RSI (89) is also seeing a bullish exit and is approaching our short term ascending support line where […]

  • Is EURUSD about to approach a crucial level?

    We discuss what crucial point the EURUSD pair has reached and ponder what’s going to happen with the New Zealand dollar.

  • CADCHF near major support

    Today we are seeing a nice setup on CADCHF as it is approaching our major support which coincides with a Fibonacci extension and Fibonacci retracement level. Stochastic is also seeing a bullish exit, in line with our bullish bias. We are also seeing a nice setup on GBPAUD as it is testing our short term […]

  • 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 […]

  • AUDJPY approaching resistance, potential drop!

    AUDJPY is approaching our first resistance at 83.06 (horizontal overlap resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension). A strong reaction might occur at this level, pushing price down to our major support at 81.97 (horizontal overlap support, 61.8% Fibonacci retracement, 100% Fibonacci extension). A breakout below our intermediate support at 82.50 (horizontal overlap support, 50% […]

  • USDJPY approaching resistance, potential breakout!

    Price is approaching our intermediate resistance at 109.25 (horizontal overlap resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) and a breakout above this level might push price up to our major resistance at 110.32 (horizontal overlap resistance, 61.8% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias. RSI […]

  • CADCHF approaching support, potential bounce!

    Price is our first support at 0.7608 (horizontal swing low support, 61.8% Fibonacci extension, 23.6% Fibonacci retracement). A strong bounce might occur above this level, pushing price up to our major resistance at 0.7713 (horizontal swing high resistance, 100% Fibonacci extension). Stochastic (55,5,3) is also seeing a bullish exit and is a good precursor for […]

  • Gold Expected to Rally Further

    Today we are seeing a nice setup on XAUUSD as it bounced off our first support and we are expecting a further rally up to our major resistance target. GBPUSD is also seeing a nice setup as price is approaching a strong area of resistance and we are expecting a drop to our major support […]

  • CHFAUD approaching resistance, potential drop!

    CHFAUD is approaching our first resistance at 1.3468 (horizonal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) 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 1.3339 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching […]

  • AUDNZD is approaching support, potential bounce!

    AUDNZD broke out of our long term descending resistance-turned-support line and is approaching our first support at 1.0671 (horizontal pullback support, breakout level) and a strong bounce might occur above this level, pushing price up to our major resistance at 1.0764 (horizontal swing high resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension). Ichimoku cloud is also […]

  • GBPUSD approaching resistance, potential drop!

    Price is approaching our first resistance at 1.3988 (horizontal overlap resistance) and a strong reaction might occur below this level, pushing price down to our major support at at 1.3743 (horizontal swing low support, 100% Fibonacci extension, 23.6% Fibonacci retracement). A breakout below our intermediate support at 1.3914 (horizontal overlap support) might provide the bearish […]