• USDCHF approaching support, potential bounce!

    USDCHF is approaching our first support at 1.0013 (horizontal pullback support, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level to our major resistance at 1.0068 (horizontal pullback resistance, 50% Fibonacci retracement). Stochastic (34,5,3) is approaching support as well. Trading CFDs on margin carries high risk. Losses can exceed […]

  • USDCHF approaching support, potential bounce!

    USDCHF is approaching our first support at 1.001 (horizontal pullback support, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level to our major resistance at 1.0071 (horizontal pullback resistance, 50% Fibonacci retracement). Stochastic (89,5,3) is approaching support as well. Trading CFDs on margin carries high risk. Losses can exceed […]

  • Summary

    We are seeing a nice setup on USDCHF as it is approaching support where we are expecting a bounce above this level. We are also seeing a nice setup on NZDJPY as it is approaching resistance where we are expecting a drop below this level.

  • Summary

    We are seeing a nice setup on EURGBP and NZDUSD as it is approaching support where we are expecting a bounce above this level. USDCHF dropped nicely from our first resistance level to hit our major support target: https://www.tradingview.com/chart/USDCHF/WDYrxw5b-USDCHF-approaching-resistance-potential-drop/

  • USDCHF approaching resistance, potential drop!

    USDCHF is approaching our first resistance at 1.0032 (horizontal overlap resistance, 61.8% Fibonacci retracement, 100% fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 0.9993 (38.2% fibonacci retracement). Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs […]

  • USDCHF approaching resistance, potential drop!

    USDCHF is approaching our first resistance at 1.0027 (horizontal overlap resistance, 38.2% fibonacci retracement) and a strong drop might occur pushing price down to our major support at 0.9955 (horizontal swing low support, 76.4% fibonacci retracement). RSI (89) is also approaching resistance and we might see a corresponding drop in price should it react off […]

  • USDCHF approaching support, potential bounce!

    USDCHF is approaching our first support, at 0.9924 (horizontal pullback support, 100% Fibonacci extension, 78.6% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 0.9939 (horizontal pullback resistance, 23.6% Fibonacci retracement). Stochastic (21,5,3) is also approaching support where we might see a corresponding drop in […]

  • USDCHF approaching resistance, potential drop!

    USDCHF is approaching our first resistance at 0.9925 (Horizontal swing high resistance, 100% fibonacci extension, 23.6% Fiboancci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.9905 (Horizontal swing low support). Stochastic (21,5,3) is also approaching resistance and we might see a corresponding drop in price […]

  • USDCHF approaching support, potential bounce!

    USDCHF is approaching our first support at 0.99211 (Horizontal pullback support, 100% fibonacci extension, 23.6% fibonacci retracement, Elliot wave structure) and a strong bounce might occur below this level pushing price up to our major resistance at 0.9988 (Horizontal swing high resistance). Stochastic (34,5,3) is also approaching support and we might see a corresponding bounce […]

  • 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 […]

  • USDCHF approaching resistance, potential bounce!

    USDCHF is approaching our first resistance at 0.9898 (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 0.9826 (61.8% fiboancci extension, 38.2% fiboancci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding bounce […]

  • USDCHF approaching resistance, potential drop!

    USDCHF is approaching our first resistance at 0.9979 (61.8% fibonacci extension , 78.6% fibonacci retracement, horizontal swing high resistance) and a strong drop might occur above this level pushing price down to our major support at 0.9924 (61.8% fibonacci extension, 76.4% fibonacci retracement). Stochastic (34,5,3) is also approaching resistance and we might see a corresponding […]

  • USDCHF approaching support, potential bounce!

    USDCHF is approaching our first support at 0.9899 (61.8% fibonacci extension, 76.4% fibonacci retracement, horizontal swing low support) and a strong bounce might occur above this level pushing price up to our major resistance at 0.9946 (50% fibonacci retracement, 61.8% fibonacci extension, horizontal swing high resistance). Stochastic (89,5,3) is also approaching support and we might […]

  • USDCHF approaching support, potential bounce!

    USDCHF is approaching our first support at 0.9848 (100%, 61.8% fibonacci extension, 50% fibonacci retracement, horizontal swing low support) and a strong bounce might occur above this level pushing price up to our major resistance at 1.0019 (100%, 61.8% fibonacci extension, 50% fibonacci retracement, horizontal swing low support). Stochastic (55,5,3) is also approaching support and […]

  • USDCHF approaching resistance, potential drop!

    USDCHF is approaching our first resistance at 1.0006 (Horizontal swing high resistance, 50% fibonacci retracemen, 100% fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 0.9950 (Horizontal swing low support, 61.8% fibonacci retracemen, 61.8% fiboncci extension). Stochastic (89,5,3) is also approaching resistance and we might […]