• EURCHF approaching strong support, watch for a potential bounce!

    EURCHF is approaching strong support at 1.1521 (Elliott wave structure, Fibonacci extension) and what could happen is that it takes out the stop losses below our wave 3 with a wave 5 movement. This would then lead to a potential bounce up to 1.1639 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (55,5,3) is seeing major […]

  • Ethereum approaching major resistance, watch for a potential reversal!

    Ethereum is approaching major resistance at 1144 (Fibonacci retracement, horizontal overlap resistance, pullback resistance) and a strong reaction could occur at this level to drive price down to 927 support (Fibonacci retracement, horizontal swing low support). Do be aware that we’re seeing intermediate support at 1015. Stochastic (34,5,3) is seeing major resistance at 98% where […]

  • AUDUSD broken major support, prepare for a big drop!

    AUDUSD has finally broken our long term ascending support channel triggering a potential strong sell off from here. Our first major resistance is at 0.8067 (Fibonacci retracement, horizontal pullback resistance) and a strong drop could occur below this level to drive price down to 0.7958 support (Fibonacci retracement, horizontal swing low support). Do be aware […]

  • AUD/USD is not reaching new heights just yet

    The weak data of consumer inflation reduces the chances that the RBA will come out with an aggressive rhetoric. This forces bulls to cut long positions of the Australian Dollar.

  • Ripple dropping strongly, watch for a pullback to resistance!

    Ripple is dropping really strongly and we watch for the pullback to our 1st resistance level at 1.1508 (Fibonacci retracement, horizontal breakout resistance level) where it could serve as a possible re-entry level for price to react off and make a push down to 0.8729 support (Fibonacci extension, horizontal swing low support). RSI (89) has […]

  • Gold dropping nicely as forecasted, watch for more bearish movement!

    Gold is dropping nicely after our bearish cup and handle reversal formation. We keep an eye out on this trade as it has also broke a major ascending support-turned-resistance line which normally triggers a much bigger reversal. Our 1st resistance is at 1344 (Fibonacci retracement, horizontal overlap resistance) and our next major support is at […]

  • EURJPY testing major resistance, possible upcoming reversal!

    EURJPY is now testing major resistance at 135.16 (Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to drive price down towards 134.34 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing major resistance at 95% where a corresponding reaction could occur. Trading CFDs on margin carries high risk. […]

  • EURAUD testing major resistance, watch for a potential drop!

    EURAUD is testing major resistance at 1.5410 (Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to push price down towards 1.5272 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance below 96% where a corresponding reaction could occur. Trading CFDs on margin carries high risk. […]

  • Ethereum approaching major support, watch for the break of this key level!

    Ethereum is approaching our major support level at 995 (Fibonacci retracement, horizontal swing low support) and a clean break of this level could open a potential drop to 769 major support (Fibonacci extension, horizontal swing low support). We have to be careful of intermediate support at 931 (Fibonacci retracement, horizontal swing low support). RSI (34) […]

  • Bitcoin reaching our major support! Watch for a break of this level.

    Bitcoin has dropped absolutely perfectly after breaking our ascending support and has reached our major support at 9500. We are now watching key support at 9509 (major swing low support, Fibonacci retracement) where a clean break of this level would open a potential drop to 7572 support (Fibonacci retracement, horizontal overlap support). RSI (34) remains […]

  • GBPUSD forming a really strong reversal, prepare for a potential drop!

    GBPUSD forming a really nice cup and handle reversal with price breaking our major level at 1.4087. A strong drop could occur below 1st resistance at 1.4087 (Fibonacci retracement, horizontal overlap resistance, cup and handle breakout level) that could push price all the way down to 1.3925 support (Fibonacci retracement, horizontal overlap support). Trading CFDs […]

  • Gold forming a strong cup and handle reversal, watch for the drop!

    Gold has formed a really strong cup and handle reversal with our 1st resistance at 1344 (Fibonacci retracement, horizontal overlap resistance) and a strong reversal could occur at this level to push price down to at least 1325 support (Fibonacci retracement, horizontal overlap support, Fibonacci extension). RSI (55) has made a bearish exit signaling that […]

  • NZDJPY right above major support, prepare for a potential 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 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 […]