• XAUUSD testing support, potential rise!

    Price is testing our first support at 1307.36 (horizontal overlap resistance). A strong bounce might occur above this level, pushing price up to our major resistance at 1325.27 (horizontal swing high resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement, Elliot wave structure). A breakout above our intermediate resistance at 1320.60 (horizontal overlap resistance) might provide the […]

  • EURJPY approaching resistance, potential drop!

    EURJPY is approaching our first resistance at 131.86 (horizontal pullback resistance) and a strong reaction might occur at this level, pushing price down to our major support at 130.91 (horizontal pullback support, 100% Fibonacci extension, 76.4% Fibonacci retracement). A breakout below our intermediate support level at 131.58 (horizontal overlap support, 61.8% Fibonacci extension) might provide […]

  • EURAUD testing support, watch for breakout, potential drop!

    EUAUD has broke out of our short term ascending support line and is testing our first support at 1.600 (horizontal swing low support, 38.2% Fibonacci retracement). A breakout below this level might trigger a strong reaction, pushing price down to our major support at 1.5961 (horizontal pullback support, 61.8% Fibonacci extension, 50%, 61.8% Fibonacci retracement). […]

  • Summary

    Today we are seeing a nice setup on ASX as it is approaching our resistance which coincides with a Fibonacci retracement. We are expecting a strong drop to occur below this level, pushing price down to our major support target. Stochastic is also seeing a bearish divergence, in line with our bearish view. We are […]

  • GBPAUD is approaching support, potential rise!

    GBPAUD is approaching our first support at 1.8178 (horizontal swing low support, 38.2% Fibonacci retracement, 100% Fibonacci extension) and a strong bounce might occur above this level, pushing price up to our major resistance at 1.8465 (horizontal swing high resistance, 100% Fibonacci extension). Stochastic (89,5,3) is also approaching our support and a bounce off this […]

  • USDJPY is approaching resistance, potential drop!

    Price is approaching our first resistance at 109.73 (horizontal swing high resistance, 50% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 108.30 (horizontal swing low support, 23.6% Fibonacci retracement, 100% Fibonacci extension) which coincides with our short term ascending support line. Stochastic (55,5,3) is also […]

  • AUDNZD approaching support, potential bounce!

    AUDNZD is approaching our first support at 1.0671 (horizontal overlap support, 23.6% Fibonacci retracement). A strong bounce might occur above this level, pushing price up to our major resistance at 1.0794 (horizontal swing high resistance, 61.8% Fibonacci extension, 38.2%, 50% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure, in line with our […]

  • 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 […]