• USDX approaching resistance, potential drop!

    USDX is approaching our first resistance at 95.09 (horizontal overlap resistance, 38.2%, 76.4% Fibonacci retracement, 61.8%, 100% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 94.45 (horizontal overlap support, 50% Fibonacci retracement). RSI (34) is also approaching resistance where we might see a corresponding […]

  • USDCHF approaching resistance, potential drop!

    Price is approaching our first resistance at 1.0055 (horizontal swing high resistance, 76.4% Fibonacci retracement, 100% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 0.9918 (horizontal swing low support, 76.4% Fibonacci retracement, 100% Fibonacci extension). A breakout below our intermediate support at 0.9986 (horizontal […]

  • Is WTI oil about to drop?

    We discuss what may happen with WTI oil and index S&P500.

  • Summary

    Today we are seeing a nice setup on USDCHF as it is approaching our first resistance which coincides with our long term descending resistance line and we expect a drop below this level. We are also seeing a nice setup on GBPJPY as it is testing our first resistance and we are expecting a drop […]

  • EURCHF approaching resistance, potential drop!

    EURCHF is approaching our first resistance at 1.1657 (horizontal swing high resistance, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 1.1591 (horizontal pullback support, 38.2% Fibonacci retracement, short term ascending support line). RSI (89) is also seeing a bearish exit where we might […]

  • AUDJPY approaching resistance, potential drop!

    AUDJPY is approaching our first resistance at 83.188 (horizontal swing high resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) and a strong reaction might occur below this level pushing price down to our major support at 82.104 (horizontal overlap support, 38.2% Fibonacci retracement, 100% Fibonacci extension, short term ascending support line). RSI (89) is also seeing […]

  • GBPJPY approaching resistance, potential drop!

    GBPJPY is approaching our first resistance at 148.18 (horizontal overlap resistance, 38.2%, 50% Fibonacci retracement, 61.8%, 100% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 145.56 (horizontal overlap support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching resistance where we might […]

  • USDCHF approaching resistance, potential drop!

    USDCHF is approaching our first resistance at 0.9965 (horizontal swing high resistance, 78.6% Fibonacci retracement) which coincides with our long term descending resistance line where a strong reaction might occur below this level pushing price down to our major support at 0.9907 (horizontal swing low support, 100% Fibonacci extension, 50% Fibonacci retracement). Stochastic (89,5,3) is […]

  • Summary

    Today we are seeing a nice setup on AUDUSD as it is approaching resistance where we expect a further drop below this level. Stochastic is also reacting off its resistance in line with our bearish bias. We are also seeing a nice setup on EURJPY where it is approaching our resistance where we might see […]

  • EURJPY approaching resistance, potential drop!

    EURJPY is approaching our first resistance at 131.36 (horizontal swing high resistance, 50%, 76.4% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 127.59 (horizontal swing low support, 61.8% Fibonacci extension, 78.6% Fibonacci retracement). Stochastic (55,5,3) is also approaching our resistance and […]

  • AUDUSD approaching resistance, potential drop!

    AUDUSD is approaching our first resistance at 0.74632 (horizontal overlap resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 0.7311 (horizontal swing low support). Stochastic (89,5,3) is also approaching our resistance and a reaction below this level might see a […]

  • AUDJPY approaching support, potential bounce!

    Price is approaching our first support at 82.10 (horizontal pullback support, 100% Fibonacci extension , 38.2% Fibonacci retracement , short term ascending support line) where a strong bounce might occur above this level pushing price up to our major resistance at 83.18 (horizontal swing high resistance 61.8% Fibonacci extension , 61.8% Fibonacci retracement ). Stochastic […]

  • NZDJPY approaching resistance, potential drop!

    Price is approaching our first resistance at 76.17 (horizontal swing high resistance, 38.2%, 50% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong reaction might occur below this level pushing price down to our major support at 74.91 (horizontal pullback support, 100% Fibonacci extension ). Stochastic (55,5,3) is also reacting off resistance where we […]

  • EURAUD approaching resistance, potential drop!

    Price is approaching our first resistance at 1.5849 (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 1.5654 (horizontal overlap support, 38.2% Fibonacci extension). RSI (89) is also seeing a bearish exit and we might see a corresponding […]

  • Summary

    Today we are seeing a nice setup on NZDUSD as it is approaching our first resistance which coincides with our Fibonacci retracement and Fibonacci extension where we expect a drop in price. We are also seeing a nice setup on USDCAD as it is approaching our first support which coincides with our long term ascending […]