• USDCAD is approaching resistance, potential drop!

    USDCAD is approaching our first resistance at 1.3074 (horizontal swing high resistance, 76.4% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.2934 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price […]

  • NZDCAD approaching resistance, potential drop!

    NZDCAD is approaching our first resistance at 0.8510 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.8374 (horizontal swing low support, 76.4% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop […]

  • GBPJPY approaching resistance, potential drop!

    GBJPY is approaching our first resistance at 147.16 (horizontal overlap resistance, 23.6% Fibonacci retracement) and a strong drop might occur pushing price down to our major support at 144.86 (horizontal overlap support, 50% Fibonacci retracement). RSI (55) is also seeing a bearish exit and we might see a corresponding drop in price. Ichimoku cloud is […]

  • CHFJPY approaching resistance, potential drop!

    CHFJPY is approaching our first resistance at 113.26 (horizontal pullback resistance, breakout level) and a price might potentially drop to our major support at 112.16 (horizontal pullback support, 61.8% Fibonacci extension, 61.8%, 78.6% Fibonacci retracement, long term ascending support line). RSI (89) is also seeing a bearish exit and we might see a corresponding drop […]

  • Summary

    Today we are seeing a nice setup on CHFJPY and GBPJPY as it is approaching resistance where we are expecting a drop below this level. Here are some of our nice calls previously: EURGBP bounced perfectly up from our first support and is approaching our major resistance target: https://www.tradingview.com/chart/EURGBP/ZmRSDtlt-EURGBP-approaching-support-potential-bounce/ GBPJPY reversed nicely below our first […]

  • GBPJPY is approaching resistance, potential drop!

    GBPJPY is approaching our first resistance at 149.59 (horizontal swing high resistance, 100% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 147.07 (horizontal overlap support, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should […]

  • USDJPY is approaching support, potential bounce!

    USDJPY is approaching our first support at 112.15 (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 112.94 (horizontal pullback resistance, 38.2% Fibonacci retracement). Stochastic (34,5,3) is also approaching support and we might see a corresponding rise in […]

  • GBPAUD approaching support, potential bounce!

    GBPAUD is approaching our first support at 1.8451 (horizontal overlap support, 23.6%, 38.2% fibonacci retracement, 61.8% fibonacci extension) and price might potentially bounce above this level to our resistance at 1.9026 (50% Fibonacci retracement). RSI (89) is also approaching support and we might see a corresponding bounce in price. Trading CFDs on margin carries high […]

  • EURGBP approaching support, potential bounce!

    EURGBP is approaching our first support at 0.8724 (horizontal swing low support, 100% Fibonacci extension, 76.4% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 0.8855 (horizontal pullback resistance, 50%, 38.2% Fibonacci retracement, 100% Fibonacci extension). Stochastic (89,5,3) is also approaching support and we might […]

  • Summary

    Today we are seeing a nice setup on EURGBP and GBPAUD where it is approaching support and we are expecting a bounce above this level. Here are some of our nice calls previously: USDCAD reversed perfectly off our first resistance and is approaching our major support target: https://www.tradingview.com/chart/USDCAD/YRPqbkhC-USDCAD-approaching-resistance-potential-drop/ AUDUSD bounced nicely up our first support […]

  • GBPUSD is approaching resistance, potential drop!

    GBPUSD is approaching our first resistance at 1.3240 (horizontal pullback resistance, 61.8%, 100% Fibonacci extension, 78.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.3138 (horizontal overlap support, 50% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop […]

  • USDJPY is approaching support, potential bounce!

    USDJPY is approaching our first support at 112.15 (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 112.94 (horizontal pullback resistance, 38.2% Fibonacci retracement). Stochastic (34,5,3) is also approaching support and we might see a corresponding rise in […]

  • EURCAD approaching resistance, potential drop!

    EURCAD is approaching our first resistance at 1.5090 (horizontal pullback resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.4942 (horizontal pullback support, 50% Fibonacci retracement). RSI (34) is approaching resistance and we might see a corresponding drop in price. […]

  • USDCAD approaching resistance, potential drop!

    USDCAD is approaching our first resistance at 1.3074 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 1.2934 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (34) is also facing bearish pressure and we might see a […]

  • Summary

    Today we are seeing a nice setup on USDCAD and EURCAD where we are expecting a drop below this level. Here are some of our nice calls previously: AUDJPY reversed perfectly off our first resistance and reached our major support target: https://www.tradingview.com/chart/AUDJPY/EjA9ksQh-AUDJPY-approaching-resistance-potential-drop/ CHFJPY dropped perfectly below our first resistance to hit our major support target: […]