• EURCHF approaching support, watch for breakout!

    EURCHF is testing our short term ascending support line and facing bearish pressure from our short term descending resistance line. A breakout below our ascending support line and our first support at 1.1937 (horizontal swing low support, 23.6% Fibonacci retracement) might provide the bearish acceleration to our major support at 1.1889 (horizontal swing pullback support, […]

  • CADJPY approaching support, potential bounce!

    CADJPY is approaching our first support at 84.54 (horizontal swing low support, 23.6% Fibonacci retracement) which coincides with our short term ascending support line. A strong bounce might occur above this level, pushing price up to our major resistance at 85.75 (horizontal swing high resistance, 100% Fibonacci retracement). Stochastic is also seeing a bullish divergence […]

  • AUDJPY bouncing off support, further potential rise!

    Price is bouncing off our first support at 81.89 (horizontal overlap support, 61.8% Fibonacci retracement) which coincides with our short term ascending support line. A further rally might occur above this level, pushing price up to our major resistance at 82.59 (horizontal swing high resistance, 38.2% Fibonacci retracement). Stochastic (34,5,3) is also seeing a bullish […]

  • USDJPY testing support, potential bounce!

    Price is testing our first support at 108.76 (horizontal swing low support, 23.6% Fibonacci retracement) which coincides with our short term ascending support line. A strong bounce might occur above this level, pushing price up to our major resistance at 110.33 (horizontal overlap resistance, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching our major support […]

  • EUR/USD: Ready for downtrend or correction?

    We ponder what EUR/USD and AUD/USD are up to.

  • Summary

    Today we are seeing a nice setup on EURAUD as it is approaching our short term ascending support line and is testing our first support where we expect a bounce off that level. Stochastic is also seeing a bullish divergence in line with our bullish bias. AUDJPY is also approaching our resistance and we are […]

  • USDJPY testing support, watch for breakout!

    USDJPY is testing our first support at 109.01 (horizontal swing low support, 23.6% Fibonacci retracement). A breakout below this level might cause a strong reaction to occur, pushing price down to our major support at 107.92 (horizontal pullback support, 38.2%, 50% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure, in line with […]

  • XAUUSD approaching support, potential bounce!

    XAUUSD is testing our first support at 1310.48 (horizontal overlap support, breakout level). A strong bounce might occur above this level, pushing price up to our major resistance at 1325.87 (horizontal swing high resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement). A breakout above our intermediate resistance at 1318.17 (horizontal swing high resistance, 23.6% Fibonacci retracement) […]

  • AUDJPY approaching resistance, potential drop!

    AUDJPY is approaching our first resistance at 82.58 (horizontal swing high resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 81.83 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement) which coincides with our short term ascending support line. Ichimoku […]

  • EURAUD testing support, potential bounce!

    EURAUD is approaching our first support at 1.5881 (horizontal swing low support, 100% Fibonacci extension) which coincides with our short term ascending support line. A strong bounce might occur above this level, pushing price up to our major resistance at 1.5966 (horizontal overlap resistance, 38.2%, 50% Fibonacci retracement). Stochastic (34,5,3) is also seeing a bullish […]

  • GBPAUD approaching resistance, potential drop!

    GBPAUD is approaching our first resistance at 1.8101 (horizontal pullback resistance, breakout level) and a strong reaction might occur below this level, pushing price down to our major support at 1.7980 (horizontal pullback support, 100% Fibonacci extension, 38.2% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure, in line with our bearish bias. […]

  • GBPUSD approaching resistance, potential drop!

    GBPUSD broke out of its long term ascending support-turned-resistance line and is approaching our first resistance at 1.3653 (horizontal swing high resistance). A strong reaction might occur below this level, pushing price down to our major support at 1.3461 (horizontal overlap support, 38.2% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure, in […]

  • Summary

    Here are some of our nice calls previously: 1. EURJPY dropped perfectly from our first resistance and is well on its way to our first support: 2. We caught the breakout out EURAUD perfectly as it dropped from our first support-turned-resistance and hit our major support target: 3. AUDNZD also bounced perfectly from our first […]

  • EURAUD testing support, potential bounce!

    Price is testing our first support at 1.5925 (horizontal pullback support, 61.8%, 76.4% Fibonacci retracement) which coincides with our long term ascending support line. A strong bounce might occur above this level, pushing price up to our major resistance at 1.6003 (horizontal overlap resistance, 38.2% Fibonacci retracement) which coincides with the short term descending resistance […]

  • USDCAD approaching resistance, potential drop!

    Price is approaching our first resistance at 1.2896 (horizontal swing high resistance, 61.8% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 1.2816 (horizontal swing low support, 61.8% Fibonacci extension, 23.6% Fibonacci retracement). Stochastic (34,5,3) is also approaching our major resistance and a reaction off this […]