• Ethereum right on major support, watch for a potential bounce!

    Ethereum has dipped to our first major support nicely as expected. Support is at 1162 (Fibonacci retracement, horizontal pullback support) where a further rise could occur from to push price up towards 1282 resistance (Fibonacci extension, horizontal pullback resistance, elliott wave structure). RSI (34) is seeing ascending support hold up price really well in this […]

  • Bitcoin reversing nicely, watch for further bearish action!

    Bitcoin has started to drop really nicely from our major resistance at 11962 (ABC Fibonacci extension, 61.8% Fibonacci extension, horizontal swing high resistance) and a further drop could occur to push price down all the way to 9470 support (Fibonacci extension, horizontal swing low support). It is important to watch the key ascending support which […]

  • Dollar gains foothold after the consumer data report

    In the fight against the unfair terms of bilateral trade with the US, Trump realized his first protectionist initiative introduced a 30% tariff on the import of solar panels.

  • Is Ruble about to head North?

    We discuss where Russian currency is heading to, and what EUR/GBP rate is up to

  • Ripple has broken a major descending resistance line!

    Ripple has made a bullish exit of our long term descending resistance-turned-support line triggering a potential bullish move to push price up towards 1.7564 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance). Our 1st support remains at 1.2007 (pullback support, overlap support). Stochastic (55,5,3) is seeing ascending support in line with the bullish momentum we’re […]

  • Litecoin approaching major resistance, watch for a drop!

    Litecoin is rising slowly towards major resistance at 214 (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this price to push price down to at least 144 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance at 96% where a possible corresponding reaction could occur. […]

  • NZDJPY approaching major support, prepare for a bounce!

    NZDJPY is approaching major support and a potential bounce could occur at 79.45 (Fibonacci retracement, Fibonacci extension, Elliott wave structure) to push price up towards 80.51 (Fibonacci retracement, Elliott wave structure, horizontal overlap resistance). Stochastic (55,5,3) is seeing major support above 1.7% where a corresponding bounce could occur. Trading CFDs on margin carries high risk. […]

  • Ethereum in a bullish formation, look out for dips!

    Ethereum is rising nicely as expected and we can see an impulse Elliott wave formation with first major support at 1162 (Fibonacci retracement, horizontal pullback support) where a further rise could occur from to push price up towards 1282 resistance (Fibonacci extension, horizontal pullback resistance, elliott wave structure). RSI (34) is seeing ascending support hold […]

  • Bitcoin testing major resistance, watch for a potential reversal!

    Bitcoin has started to test major resistance at 11962 (ABC Fibonacci extension, 61.8% Fibonacci extension, horizontal swing high resistance) and a strong reaction could occur at this level to push price down to at least 9470 support (Fibonacci extension, horizontal swing low support). Stochastic (55,5,3) is seeing major resistance at 96% where a corresponding reaction […]

  • Litecoin consolidating strongly for a potential drop

    Litecoin continues to test strong resistance at 183 (descending resistance line, Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to push price down towards 167 support (Fibonacci extension, horizontal swing low support). We have to keep an eye out on our ascending support line as only a break of […]

  • Gold reversed strongly, watch for break of major support

    Gold tested our major resistance and reversed perfectly from 1361 (ABC Fibonacci extension, horizontal swing high resistance) pushing price all the way down to our 1344 support (Fibonacci retracement, horizontal pullback support) as expected before bouncing up. This remains the key support to be broken before potentially another drop to 1325 support (Fibonacci retracement, horizontal […]

  • AUDUSD remains in a strong ascending channel

    AUDUSD remains in our ascending support channel and is now testing major support at 0.8021 (pullback support, ascending channel support). We could expect more bullish momentum driving price all the way up to 0.8112 resistance (Fibonacci extension, horizontal swing high resistance). RSI (34) sees immediate support at 37% where we expect further bullish momentum above. […]

  • Bitcoin continues to test descending resistance, potential bearish drop!

    Bitcoin has tested our descending resistance and continues to test major resistance at 11790 (61.8% Fibonacci retracement, horizontal overlap resistance, long term descending resistance line) where a strong reaction could occur at this level to push price down towards 9470 support (Fibonacci extension, horizontal swing low support). Stochastic (55,5,3) is seeing major resistance at 96% […]

  • Will Draghi´s speech kill the momentum?

    Acknowledging the economic success of the eurozone while holding back the rally of common currency – a problem that is increasingly becoming unsolvable for the ECB.

  • Litecoin testing major resistance, watch for a reversal!

    Litecoin is now testing strong resistance at 183 (descending resistance line, Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to push price down towards 167 support (Fibonacci extension, horizontal swing low support). We have to keep an eye out on our ascending support line as only a break of […]