• AUDJPY approaching resistance, potential drop!

    AUDJPY broke out of our support at 80.59 (horizontal overlap resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 79.51(horizontal overlap support, 100% Fibonacci extension, 78.6% Fibonacci retracement). RSI (89) is also seeing a bearish exit and we might see […]

  • Summary

    Today we are seeing a nice setup on AUDJPY and CHFJPYas it is approaching resistance where we expect a drop below this level. Here are some of our nice calls previously: CADCHF reversed perfectly below our first resistance and is approaching our major support:

  • GBPUSD approaching resistance, potential drop!

    GBPUSD is approaching our first resistance at 1.3074 (horizontal overlap resistance, 100% Fibonacci extension, 38.2%, 50% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.2904 (horizontal swing low support, 61.8% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line with […]

  • EURUSD approaching resistance, potential drop!

    EURUSD is approaching our first resistance at 1.1515 (horizontal overlap resistance, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 1.1409 (horizontal overlap support, 78.6% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. RSI (89) […]

  • CADJPY approaching resistance, potential drop!

    CADJPY is approaching our first resistance at 89.45 (horizontal swing high resistance, 100% Fibonacci extension, 78.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 86.45 (horizontal overlap support, 50% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching resistance and we might see […]

  • AUDJPY testing resistance, potential drop!

    AUDJPY broke out of our support at 80.61 (horizontal overlap resistance, 100%, 61.8% Fibonacci extension, 50% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 79.53 (horizontal pullback support, 100% Fibonacci extension, 78.6% Fibonacci retracement). RSI (34) is also seeing a bearish exit and we […]

  • Summary

    Today we are seeing a nice setup on AUDJPY and CADJPYas it is approaching resistance where we expect a drop below this level. Here are some of our nice calls previously: CADCHF reversed perfectly below our first resistance and is approaching our major support: XAUUSD bounced perfectly above our support to hit our major resistance […]

  • CADCHF approaching resistance, potential drop!

    CADCHF is approaching our first resistance at 0.7715 (horizontal overlap resistance, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 0.76299 (horizontal pullback support, 23.6% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price. Trading CFDs […]

  • NZDCHF approaching support, potential bounce!

    NZDCHF is also approaching our first support at 0.644 (horizontal overlap support, 38.2% Fibonacci retracement, ascending channel support) and a strong bounce might occur above this level pushing price up to our major resistance at 0.6514 (horizontal swing high resistance, 61.8% Fibonacci extension). Stochastic (34,5,3) is also approaching support and we might see a corresponding […]

  • XAUUSD approaching support, potential bounce!

    XAUUSD is approaching our first support at 1193.73 (horizontal overlap support, 61.8% Fibonacci extension, 50% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1200 (100% Fibonacci extension, 50% fibonacci retracement). Stochastic (21,5,3) is also approaching support and we might see a corresponding bounce in […]

  • GBPCAD approaching support, potential bounce!

    GBPCAD is approaching our first support at 1.6458 (horizontal swing low support, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) where a strong bounce might occur pushing price up to our major resistance at 1.6833 (horizontal overlap resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce […]

  • Summary

    Summary Today we are seeing a nice setup on GBPCAD and XAUUSDas it is approaching support where we might expect a bounce above this level. Here are some of our nice calls previously: EURJPY reversed perfectly from our first resistance and is approachning our major support target: USDCHF bounced perfectly above our first support and […]

  • Is Yen About to Head North?

    Today we explain why Japanese currency could head North and discuss what’s going on with Canadian dollar.

  • EURJPY approaching resistance, potential drop!

    EURJPY is approaching our first resistance at 132.08 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement, descending channel resistance) and a strong drop might occur pushing price down to our major support at 131.03 (horizontal swing low support, 61.8% Fibonacci extension). Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop […]

  • EURUSD approaching support, potential bounce!

    EURUSD is approaching our first support at 1.1518(horizontal swing low support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1.1661 (horizontal overlap resistance, 50% Fibonacci retracement). Stochastic (55,5,3) is also approaching support where we might see a corresponding bounce in […]