• Is USDRUB about to head up?

    We discuss the mid-term course of the Russian Ruble and consider where the Canadian and New Zealand dollars are heading.

  • EURJPY approaching support, potential bounce!

    EURJPY is approaching our first support at 132.12 (horizontal swing low support, 23.6% Fibonacci retracement) which coincides with our short term ascending support line. A strong bounce might occur above this level, pushing price up to our major resistance at 133.09 (horizontal swing high resistance, 50% Fibonacci retracement). Stochastic (34,5,3) is also approaching our major […]

  • GBPJPY is approaching support, potential bounce!

    GBPJPY is approaching our first support at 150.64 (horizontal overlap support, 38.2% Fibonacci retracement) which coincides with our short term ascending support line. A strong bounce might occur above this level, pushing price up to our major resistance at 152.17 (horizontal overlap resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also bouncing off […]

  • USDJPY is approaching resistance, potential drop!

    Price is approaching our first resistance at 108.80 (horizontal overlap resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 106.66 (horizontal overlap support, 100% Fibonacci extension, 38.2% Fibonacci retracement). Stochastic (55,5,3) is also approaching our major resistance and seeing a […]

  • AUDUSD bouncing off support, further potential rise!

    AUDUSD is bouncing off our first support at 0.7652 (horizontal swing low support, 61.8% Fibonacci retracement, 76.4% Fibonacci extension) and price might be pushed up to our major resistance at 0.7745 (61.8% Fibonacci retracement, 61.8% Fibonacci extension, Horizontal pullback resistance). Stochastic (55,5,3) is also approaching our major support and a bounce off this level might […]

  • EURAUD broke out of resistance, further potential rise!

    EURUAD broke out of short term descending resistance-turned-support line and is approaching our first support at 1.5959 (horizontal pullback support, 23.6%, 38.2% Fibonacci retracement). A strong bounce could occur above this level, pushing price up to our major resistance at 1.6123 (horizontal swing high resistance, 78.6% Fibonacci retracement, 61.8%, 100% Fibonacci extension). Ichimoku cloud is […]

  • AUDNZD is approaching resistance, potential drop!

    AUDNZD is approaching our first resistance at 1.0671 (horizontal swing high resistance, 100% Fibonacci extension, 23.6% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 1.0603 (horizontal overlap support, 38.2% Fibonacci retracement). Stochastic (55,5,3) is also approaching our major resistance and a reaction off this level […]

  • NZDUSD approaching support, potential bounce!

    Price is approaching our first support at 0.7244 (horizontal overlap support, 61.8% Fibonacci retracement) and it might trigger a strong bounce above this level, pushing price up to our major resistance at 0.7375 (horizontal swing high resistance, 61.8% Fibonacci extension). Stochastic (55,5,3) is also approaching our major support and we might see a corresponding rise […]

  • EURUSD testing support, potential bounce!

    Price is testing our first support at 1.234 (horizontal overlap support, 61.8% Fibonacci retracement). A strong bounce might occur above this level, pushing price up to our major resistance at 1.2395 (horizontal swing high resistance, 100% Fibonacci extension). Stochastic (55,5,3) is also seeing a bullish divergence, a good precursor for a potential rise in price. […]

  • CADJPY is approaching support, potential bounce!

    CADJPY is approaching our first support at 84.62 (Horizontal swing low support, 100% Fibonacci extension, 23.6% Fibonacci retracement, bullish channel support). A strong bounce might occur at this level, pushing price up to our major resistance at 87.78 (horizontal overlap resistance, 61.8%, 78.6% Fibonacci retracement, 61.8% Fibonacci extension). A breakout above our intermediate resistance at […]

  • AUDUSD approaching resistance, potential drop!

    AUDUSD is approaching our first resistance at 0.7810 (horizontal swing high resistance, 61.8%, 100% Fibonacci extension, 61.8% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 0.7738 (horizontal overlap support, 100% Fibonacci extension, 50% Fibonacci retracement). Stochastic (21,5,3) is also approaching our major resistance and descending […]

  • AUDNZD testing resistance, potential drop!

    Price is testing our major resistance at 1.0658 (horizontal swing high resistance, 100% Fibonacci extension, 50% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 1.0554 (horizontal overlap support, 61.8% Fibonacci retracement). A breakout below our intermediate support at 1.0606 (horizontal overlap support, 23.6% Fibonacci […]

  • EURJPY testing resistance, potential drop!

    Price is testing our first resistance at 133.00 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement). A strong drop might occur below this level, pushing price down to our major support at 130.13 (horizontal swing low support, 76.4% Fibonacci retracement). A breakout below our intermediate support at 131.11 (horizontal swing low support, 61.8% Fibonacci […]

  • Nikkei approaching resistance, potential drop!

    Nikkei is approaching our first resistance at 22497.5 (horizontal overlap resistance, 50% Fibonacci retracement, 100% Fibonacci extension). A strong reaction might occur below this level, pushing price down to our major support at 21414.8 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching our major resistance and we might see a corresponding […]

  • AUDNZD is approaching resistance, potential drop!

    AUDNZD is approaching our first major resistance at 1.060 (horizontal overlap resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support level at 1.0489 (horizontal swing low support, 100% Fibonacci extension). A breakout below our intermediate support at 1.0554 (horizontal overlap support, 38.2% […]