• USDJPY testing major resistance, keep an eye on this setup!

    USDJPY is now testing major resistance at 109.76 (Fibonacci retracement, horizontal swing high resistance) and a strong reaction could occur at this level to push price down to 108.33 support (Fibonacci extension, horizontal swing low support). Our next level of resistance is at 110.36 (above multiple Fibonacci retracements, above pullback resistance). Stochastic (55,5,3) is seeing […]

  • EURUSD approaching major support!

    We’re seeing major support at 1.1722 to 1.1710 (61.8% Fibonacci retracement, 61.8% Fibonacci extension, 100% Fibonacci extension, horizontal overlap support) and a strong bounce could occur at this level. Our next level of major resistance is at 1.1842 (Fibonacci retracement, horizontal overlap resistance) while our next major support would be at 1.1675 (Fibonacci retracement, horizontal […]

  • XAUUSD near key resistance, could possibly drop

    XAUUSD is approaching its resistance at 1328.93(100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 1310.26(61.8% Fibonacci retracement,23.6% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance where a corresponding reversal is expected Trading CFDs on margin carries […]

  • Ethereum forming a major head and shoulders reversal!

    Ethereum is forming a really strong major reversal signal with a head and shoulders formation. A break of major neckline support at 1096 (38.2% Fibonacci retracement, horizontal overlap support, neckline support) could trigger a strong move down towards 917 support (61.8% Fibonacci retracement, horizontal swing low support). If price breaks this major level of support, […]

  • EURJPY approaching major support, watch for a potential bounce!

    EURJPY is reacting off major resistance at 137.42 and a drop could occur all the way down to 136.21 which is our first major support level (Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap support). A bounce could occur at this level to drive price up to at least 137.42 resistance (Fibonacci extension, horizontal swing high […]

  • Bitcoin target reached! Testing support once again!

    Bitcoin has shot up from our support area to our major resistance area perfectly before reversing once again. We’re seeing strong support once again at 15455 (38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap support, bullish price action, bullish divergence) and a strong bounce could occur at this level to drive price up to our […]

  • Ethereum in an area of resistance

    Ethereum is now testing an area of resistance (Multiple 61.8% Fibonacci retracement, 76.4% Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this area to push price down towards support level at 583 (Fibonacci retracement, horizontal swing low support). Stochastic (55,5,3) is dropping nicely with good downside potential that could […]

  • Silver approaching supply area, could a reversal occur?

    Price is approaching an area of resistance at 16.31 (38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal pullback resistance) and a strong reaction could occur at this level. Our next level of major resistance is at 16.63 (38.2% Fibonacci retracement, horizontal pullback resistance) and our next major level of support is at 15.62 (Fibonacci extension, horizontal […]

  • Gold on pullback resistance, potential bearish setup!

    Gold has made a pullback to our previously broken major ascending support-turned-resistance line and this has triggered a potential bearish drop from here below major resistance at 1332 (Fibonacci retracement, horizontal breakout level, pullback resistance) towards 1305 support (38.2% Fibonacci retracement, horizontal pullback support). Stochastic (55,5,3) is seeing major resistance below 99% where we still […]

  • Bitcoin lining up for another drop!

    Price has dropped strongly for Bitcoin since its high at 20,000 just 2 weeks ago. Now we’re seeing a strong continuation triangle pattern that suggests price could drop even further. Our major support is at 13434 (Fibonacci retracement, horizontal swing low support, triangle formation) and a break of this level could push price down to […]

  • Bitcoin dropping nicely, watch key level of support!

    Price has started to reverse nicely below our key area of resistance. We’re now watching closely as to whether price would break our key ascending support line which could possibly trigger a strong bearish drop towards 12923 support (Fibonacci extension, horizontal swing low support). RSI (34) shows that we recently made a bearish exit and […]

  • CADJPY on major support, prepare for a bounce!

    CADJPY is now testing major support at 88.50 (61.8% Fibonacci retracement, 61.8% Fiboancci extension, horizontal overlap support) and a strong bounce could occur at this level to push price up towards 90.37 resistance (61.8% Fibonacci retracement). We are seeing intermediate resistance at 89.65 (38.2% Fibonacci retracement) too. Stochastic (34,5,3) is also seeing major support at […]

  • Bitcoin right on resistance, possible drop!

    Price didn’t trigger our bearish scenario yesterday and instead rallied to a strong area of resistance at 15912 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and a strong reaction could occur at this level to drive price down towards 12923 support (Fibonacci extension, horizontal swing low support). Our next major level of resistance is at […]

  • GBPUSD testing major area of support!

    Price is now testing major area of support from 1.3312 to 1.3300 (50% Fibonacci retracement, 76.4% Fibonacci retracement, Horizontal overlap support) and a possible bounce could occur at this level. Our next major level of resistance is at 1.3457 (Fibonacci retracement, horizontal swing high resistance) and our next major level of support is at 1.3210 […]

  • EURJPY reversing strongly below area of resistance

    We’re seeing major resistance below 132.85 (Multiple 50% Fibonacci retracements, horizontal overlap resistance, bearish price action) and a strong reaction could occur at this level. Our next major level of resistance is at 133.21 (61.8% Fibonacci retracement, horizontal pullback resistance) and our next major level of support is at 132.05 (swing low support) before 131.73 […]