• EURUSD approaching support, potential bounce!

    EURUSD is approaching our first support at 1.1363 (horizontal swing low support, 100% Fibonacci extension, 78.6% Fibonacci retracement, ascending channel’s support) where a strong bounce might occur above this level pushing price up to our major resistance at 1.1460 (50% Fibonacci retracement, horizontal pullback resistance). Stochastic (34,5,3) is also approaching support where we might see […]

  • GBPUSD approaching resistance, potential drop!

    GBPUSD is approaching our first resistance at 1.3065 (horizontal swing high resistance, 76.4% Fibonacci retracement, 61.8%, 100% Fibonacci extension, descending channel’s resistance) where a strong drop might occur pushing price down to our major support at 1.2830 (61.8% Fibonacci retracement). Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price. […]

  • NZDUSD approaching resistance, potential drop!

    NZDUSD is approaching our first resistance at 0.6801 (horizontal overlap resistance, 61.8% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 0.6717 (horizontal overlap support, 50% Fibonacci retracement). Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries […]

  • AUDUSD approaching resistance, potential drop!

    AUDUSD is approaching our first resistance at 0.7241 (horizontal swing high resistance, 76.4% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 0.7195 (61.8% Fibonacci extension, 50% Fibonacci retracement). Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin […]

  • Summary

    We are seeing a nice setup on NZDUSD as it is approaching resistance where we are expecting a drop below this level. We are also expecting a bounce on EURUSD as it is approaching support. Here are some of our nice calls previously: CHFJPY bounced nicely above our first support to hit our major resistance: […]

  • Are Oil and Gold About to Head Up Soon?

    Today we discuss what the oil is up to, and we review the chart of American index S&P500. We also ponder what is about to happen to gold anytime soon.

  • CHFJPY approaching support, potential bounce!

    CHFJPY is approaching our first support at 109.30 (horizontal overlap support, 100% Fibonacci extension, 38.2% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 109.89 (38.2% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in […]

  • AUDNZD approaching resistance, potential drop!

    AUDNZD is approaching our first resistance at 1.0678 (horizontal overlap resistance, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur pushing price down to our major support at 1.0538 (horizontal overlap support). Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries […]

  • EURNZD approaching resistance, potential drop!

    EURNZD is approaching our first resistance at 1.6885 (horizontal overlap resistance, 100% Fibonacci extension, 50%, 38.2% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 1.6991 (horizontal overlap support, 61.8% Fibonacci retracement). Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading […]

  • EURCAD approaching support, potential bounce!

    EURCAD is approaching our first support at 1.5094 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 1.5307 (horizontal swing high resistance, 38.2% Fibonacci retracement). Stochastic (55,5,3) is also approaching our support where we might see a […]

  • Summary

    We are seeing a nice setup on EURCAD and CHFJPY as it is approaching support where we are expecting a bounce above this level. Here are some of our nice calls previously: EURCHF bounced nicely above our first support to hit our major resistance: https://www.tradingview.com/chart/EURCHF/pLlJkkXN-EURCHF-approaching-support-potential-bounce/

  • GBPAUD approaching resistance, potential bounce!

    GBPAUD is approaching our first resistance at 1.7957 (Horizontal overlap resistance, 100% fibonacci extension, 50% fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.7835 (38.2% Fiboancci retracement). Stochastic (55,5,3) is also approaching resistance and we might see a corresponding fall in price should it […]

  • USDCHF approaching resistance, potential bounce!

    USDCHF is approaching our first resistance at 0.9897 (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 0.9825 (61.8% fiboancci extension, 38.2% fiboancci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding fall […]

  • CADJPY approaching resistance, potential drop!

    CADJPY is approaching our first resistance at 81.98 (Horizontal swing high resistance, 61.8%, 78.6% Fibonacci retracement, 100%, 61.8% fiboancci extension, Descending channel’s resistance) and a strong drop might occur below this level pushing price down to our major support at 81.59 (61.8% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance and we might see a […]

  • ASX approaching resistance, potential drop!

    ASX is approaching our first resistance at 5838 (100% fibonacci extension, 78.6% fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 5601 (50% fibonacci retracement, 61.8% fibonacci extension). Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price should it […]