• NZDUSD approaching resistance, potential drop!

    Price is approaching our first resistance at 0.6832 (horizontal pullback resistance, 38.2%, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 0.6688 (horizontal swing low support, 61.8% Fibonacci extension). Stochastic (55,5,3) is also approaching resistance and we might see a corresponding […]

  • NZDUSD approaching resistance, potential drop!

    Price is approaching our first resistance at 0.6788 (horizontal swing high resistance, 23.6%, 38.2% Fibonacci retracement, 100% Fibonacci extension, resistance of bearish channel) and a strong reaction might occur below this level pushing price down to our major support at 0.6688 (horizontal swing low support, 100% Fibonacci extension). Stochastic (55,5,3) is approaching its resistance and […]

  • NZDUSD approaching resistance, potential drop!

    NZDUSD is approaching our first resistance at 0.6778 (horizontal pullback resistance, 23.6% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 0.6670 (horizontal swing low support, 100% Fibonacci extension). Ichimoku cloud is also showing sign of bearish pressure in line with our bearish bias. RSI […]

  • NZDUSD approaching resistance, potential for drop!

    Price is approaching our first resistance at 0.6958 (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level, pushing price down to our major support at 0.6826 (horizontal swing low support, 61.8% Fibonacci extension). A breakout below our intermediate support at 0.6886 (horizontal overlap support, 50% Fibonacci […]

  • NZDUSD approaching resistance, potential for drop!

    Price is approaching our first resistance at 0.6958 (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level, pushing price down to our major support at 0.6826 (horizontal swing low support, 61.8% Fibonacci extension). A breakout below our intermediate support at 0.6886 (horizontal overlap support, 50% Fibonacci […]

  • NZDUSD approaching resistance, potential drop!

    NZDUSD is approaching its resistance at 0.6960 (horizontal overlap resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where it could potentially react off, causing price to drop to its support at 0.6886 (78.6% Fibonacci retracement, horizontal swing low support) RSI (34) is seeing a bearish exit and approaching its resistance where we might see a corresponding […]

  • NZDUSD approaching resistance, potential drop!

    NZDUSD is approaching our first resistance at 0.7033 (horizontal overlap resistance, 100% Fibonacci extension, 76.4% Fibonacci retracement) and a strong reaction might occur below this level pushing price down to our major support at 0.6985 (horizontal swing low support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (55,5,3) is also approaching our resistance and a reaction […]

  • NZDUSD approaching support, potential bounce!

    NZDUSD is approaching our first support at 0.6992 (horizontal overlap support, 38.2%, 61.8% Fibonacci retracement, 100% Fibonacci extension) where price might potentially rise our major resistance at 0.7039 (horizonal swing high resistance, 61.8% Fibonacci retracement). Stochastic (55,5,3) is also approaching our support where a bounce off this level might see a corresponding rise in price. […]

  • NZDUSD reversed off resistance, potential further drop!

    NZDUSD reversed off its resistance at 0.7046 (100% Fibonacci extension, horizontal overlap resistance) where it could potentially fall to its next support at 0.6986 (38.2% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) has made a bearish exit from its ascending support line which contributes to our bearish bias. Trading CFDs on margin carries […]

  • NZDUSD approaching resistance, potential reversal!

    NZDUSD is approaching its resistance at 0.7053 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) a potential reaction may occur, causing price to drop to its support at 0.6968 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) Stochastic (89, 5, 3) reacted of its resistance at 97% where a similar drop could […]

  • NZDUSD approaching resistance, potential drop!

    NZDUSD is approaching our first resistance at 0.6993 (horizontal overlap resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level, pushing price down to our major support at 0.6886 (horizontal swing low support, 76.4% Fibonacci retracement). Stochastic (55,5,3) is also reacting off our resistance and we might see a […]

  • NZDUSD approaching resistance, potential drop!

    NZDUSD is approaching our first resistance at 0.6982 (horizontal overlap resistance, 23.6% Fibonacci retracement) and price might potentially drop to our first support at 0.6784 (horizontal swing low support). RSI is also facing bearish pressure and a reaction off this level might see a corresponding drop in price. Trading CFDs on margin carries high risk. […]

  • NZDUSD testing major channel resistance, potential for a strong drop!

    NZDUSD is testing major channel resistance at 0.6936 (Fibonacci retracement, Fibonacci extension, price action, channel resistance) and a strong drop could occur at this level to push prices all the way down to major support at 0.6852 (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is also seeing major resistance at 91% where a corresponding […]

  • 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 […]

  • NZDUSD reacted off resistance, potential for further drop!

    NZDUSD broke out of our short term ascending pullback resistance line and reacted off our first resistance at 0.7345 (horizontal overlap resistance). A strong reaction might occur below this level, pushing price down to our major support level at 0.7306 (horizontal overlap support, 38.2%, 61.8% Fibonacci retracement, 100% Fibonacci extension). Ichimoku cloud is also showing […]