• ASX testing resistance, potential drop!

    ASX is testing our first resistance at 5989.2 (horizontal swing high resistance, 76.4% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 5871.9 (horizontal swing low support, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also seeing a bearish divergence and is approaching our major resistance where […]

  • Summary

    Today we are seeing a nice setup on EURJPY as it broke out of its short term ascending support line and is approaching our intermediate support. A breakout below that level might provide the bearish acceleration to our major support target. RSI is also seeing a bearish exit and bearish divergence, in line with our […]

  • USDCAD approaching resistance, potential drop!

    USDCAD is approaching our first resistance at 1.2944 (horizontal swing high resistance) and a strong reaction might occur below this level, pushing price down to our major support at 1.2817 (horizontal overlap support, 23.6% Fibonacci retracement). Stochastic (89) is also approaching major resistance and a reaction off that level might be a good precursor for […]

  • EURGBP approaching support, watch for potential bounce!

    Price is approaching our first support at 0.8687 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) and a strong bounce might occur above this level, pushing price up to our major resistance at 0.8749 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is approaching our major support where a […]

  • USDX testing resistance, potential drop!

    USDX is testing our first resistance at 91.68 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 91.00 (horizontal overlap support, 23.6% Fibonacci retracement). Stochastic (55,5,3) is also seeing a bearish divergence and is approaching its major resistance where […]

  • EURJPY broke out of support, further potential drop!

    EURJPY broke out of our short term ascending support-turned-resistance line and our support-turned resistance line at 132.15 (horizontal pullback resistance). A strong reaction might occur at this level, pushing price down to our major support at 130.78 (horizontal overlap support, 61.8% Fibonacci retracement). A breakout below our first support at 131.71 (horizontal pullback support, 38.2% […]

  • Summary

    Today we are seeing a nice setup on EURUSD as it is bouncing off our support, which coincides with a Fibonacci extension. Stochastic is also seeing a bullish divergence and is approaching support where we are expecting a rise in price should it bounce off this level. We are also seeing a nice set up […]

  • EURUSD bouncing off support, further potential rise!

    EURUSD is bouncing off our first support at 1.2156 (horizontal swing low support, 100% Fibonacci extension, Elliot wave structure). A rally might occur above this level, pushing price up to our major resistance at 1.2247 (horizontal overlap resistance, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also seeing a bullish divergence and is approaching our major support […]

  • GBPUSD is approaching resistance, potential drop!

    GBPUSD broke out of our long term ascending support-turned-resistance line and is approaching our first resistance at 1.3987 (horizontal overlap resistance). A strong reaction might occur below this level, pushing price down to our major support at 1.3793 (horizontal swing low support, 23.6% Fibonacci retracement, 100% Fibonacci retracement). RSI (34) is also seeing a bearish […]

  • EURJPY approaching support, potential rise!

    EURJPY is approaching our intermediate resistance at 133.42 (horizontal swing high resistance, 100% Fibonacci extension). A breakout above this level might cause a strong rally to occur, pushing price up to our major resistance at 134.19 (horizontal overlap resistance). Ichimoku cloud is also showing signs of bullish pressure, in line with our bullish bias. RSI […]

  • EURAUD testing support, potential rise!

    EURAUD is testing our first support at 1.6061 (horizontal pullback support, 23.6% Fibonacci retracement). A strong bounce might occur above this level, pushing price up to our major resistance at 1.6130 (horizontal overlap resistance, 61.8% Fibonacci extension). RSI (89) is also seeing a bullish exit and is approaching our short term ascending support line where […]

  • Is EURUSD about to approach a crucial level?

    We discuss what crucial point the EURUSD pair has reached and ponder what’s going to happen with the New Zealand dollar.

  • CADCHF near major support

    Today we are seeing a nice setup on CADCHF as it is approaching our major support which coincides with a Fibonacci extension and Fibonacci retracement level. Stochastic is also seeing a bullish exit, in line with our bullish bias. We are also seeing a nice setup on GBPAUD as it is testing our short term […]

  • GBPAUD testing resistance, potential drop!

    GBPAUD is approaching our short term descending resistance line and first resistance at 1.8470 (horizontal swing high resistance, 100% Fibonacci extension). A strong reaction might occur below that level, pushing price down to our major support at 1.8356 (horizontal overlap support, 38.2% Fibonacci retracement). RSI (89) is also approaching our major resistance and a reaction […]

  • AUDJPY approaching resistance, potential drop!

    AUDJPY is approaching our first resistance at 83.06 (horizontal overlap resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension). A strong reaction might occur at this level, pushing price down to our major support at 81.97 (horizontal overlap support, 61.8% Fibonacci retracement, 100% Fibonacci extension). A breakout below our intermediate support at 82.50 (horizontal overlap support, 50% […]