• XAGUSD approaching resistance, potential drop!

    XAGUSD is approaching our first resistance at 16.83 (horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where price might potentially drop to our major support at 16.33 (horizontal swing low support). Stochastic (55,5,3) is also testing our resistance and a reaction off this level might be a good precursor for a potential drop […]

  • AUDUSD broke out of support, further potential drop!

    AUDUSD broke out of our short term ascending support line and is testing our first resistance at 0.7567 (horizontal overlap resistance, 61.8% Fibonacci retracement) where a strong reaction might occur below this level, pushing price down to our first support at 0.7525 (horizontal swing low support, 50% Fibonacci retracement). A breakout below our short term […]

  • Summary

    Today we are seeing a nice setup on CHFJPY as it bounced off our first support and we are expecting a further rise to our major resistance target. We are also seeing a nice setup on EURUSD as it is testing our first resistance and we are expecting a drop from this level to our […]

  • CHFJPY testing support, potential rise!

    CHFJPY is testing our first support at 110.07 (horizontal swing low support, 61.8% Fibonacci retracement , 61.8% Fibonacci extension, Elliot wave structure) where price might potentially rise to its first resistance at 110.67 (horizontal overlap resistance, 38.2% Fibonacci retracement ). Stochastic (55,5,3) is also approaching support and a bounce off this level might see further […]

  • AUDCAD testing resistance, potential drop!

    AUDCAD is testing our first resistance at 0.9717 (horizontal overlap resistance, 23.6% Fibonacci retracement) and a strong reaction might occur below this level pushing price down to our major support at 0.9644 (horizontal pullback support, 50% Fibonacci retracement). Stochastic is also seeing a bearish divergence and is approaching resistance where a reaction off this level […]

  • EURUSD testing resistance, potential drop!

    EURUSD is testing our first resistance (horizontal pullback resistance) at 1.1719 and a strong reaction might occur below this level pushing price down to our major support at 1.1556 (horizontal swing low support). RSI is also approaching our resistance and a reaction off this level might be a good precursor for a potential drop in […]

  • XAUUSD approaching resistance, potential drop!

    XAUUSD is approaching our first resistance at 1301.3 (horizontal pullback resistance, 38.2% Fibonacci retracement) which coincides with our short-term descending resistance line. A strong reaction might occur below this level, pushing price down to our major support at 1283.99 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish pressure in line with […]

  • EUR/USD is approaching important levels!

    We ponder whether EUR/USD is going to correct itself and if oil is going to head up or down.

  • Summary

    Today we are seeing a nice setup on AUDUSD as it is testing our short term ascending support line which coincides with our first pullback support where a strong bounce might occur pushing price up to our major resistance. Stochastic is also approaching support and a bounce off this level might be a good precursor […]

  • GBPJPY dropped perfectly, potential for further bearish movement

    GBPJPY dropped perfectly from our resistance and has reacted off our first resistance at 148.43 (horizontal overlap resistance) and a strong reaction might occur causing price to drop to our major support at 147.14 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. RSI (89) […]

  • CHFJPY approaching support, watch for potential breakout!

    CHFJPY broke out of our short term ascending support-turned-resistance line and is approaching our first support at 111.21 (horizontal overlap support, 23.6% Fibonacci retracement). A breakout below this level might trigger a strong reaction and push price down to our major support at 110.76 (horizontal swing low support, 38.2% Fibonacci retracement). Ichimoku cloud is also […]

  • CADCHF approaching support, potential bounce!

    CADCHF is approaching our first support at 0.7716 (horizontal swing low support, 23.6% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 0.7818 (horizontal swing high resistance, 76.4% Fibonacci retracement). Stochastic is also approaching our major support and a bounce off this level might be […]

  • AUDUSD is approaching support, potential bounce!

    AUDUSD is approaching our first support at 0.7542 (horizontal pullback support, short term ascending support line, 61.8% Fibonacci retracement) where a strong bounce might occur above the level pushing price up to our major resistance at 0.7599 (horizontal swing high resistance, 100% Fibonacci extension, 50% Fibonacci retracement). Stochastic (21,5,3) is also approaching support and a […]

  • Summary

    Today we are seeing a nice setup on XAUUSD as it is approaching our support where we are expecting a bounce off that level. We are also seeing a nice setup on AUDCAD as it is approaching our first support and we are expecting a bounce off that level. RSI is also seeing a bullish […]

  • BTCUSD approaching resistance, potential drop!

    BTCUSD is approaching our first resistance at 8375 (horizontal overlap resistance) and a strong reaction might occur pushing price down to our major support at 7944 (horizontal swing low support). RSI is also seeing a bearish exit in line with our bearish bias. Trading CFDs on margin carries high risk. Losses can exceed the initial […]