• Ripple continues rising in its bullish channel

    Ripple remains above major support at 1.2007 (Fibonacci retracement, horizontal overlap support) is rising nicely especially in its bullish ascending channel. A further rise could occur above this level to push price all the way up to 1.7564 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (55,5,3) is seeing an ascending support line push up price […]

  • EURUSD testing major resistance, prepare for a potential drop!

    EURUSD is testing major resistance at 1.2294 (Fibonacci extension, horizontal swing high resistance, bearish butterfly harmonic formation) and a strong drop could occur from this level pushing price all the way down to 1.2090 support (Fibonacci retracement, horizontal pullback support). Stochastic (55,5,3) is seeing major resistance at 97% where a corresponding drop could occur. Trading […]

  • EURGBP right on major support, prepare for a bounce!

    EURGBP is now testing major support at 0.8766 (Fibonacci retracement, horizontal swing low support, Fibonacci extension) and a bullish bounce could occur at this level pushing price up to at least 0.8914 resistance (Fibonacci retracement, horizontal swing high resistance). Stochastic (21,5,3) is seeing major support above 4.3% where a corresponding bounce could occur. Trading CFDs […]

  • IMF gave crude oil a boost

    The world economy is gaining momentum as shown by the last report of the IMF. In its latest report, the organization revised growth forecasts from 3.7% to 3.9% in 2018 and 2019.

  • Silver testing major resistance, prepare for a potential reversal

    Silver continues to test major resistance at 17.03 (Fibonacci retracement, breakout area) and a potential reversal could occur at this level. We can see that price has made a bearish exit of our long term ascending support-turned-resistance line and coupled with a bearish divergence, this could be the setup for a strong drop. RSI (34) […]

  • Ripple above major support, prepare for a potential bounce!

    Ripple remains above major support at 1.2007 (Fibonacci retracement, horizontal overlap support) and a potential bounce could occur at this level to push price all the way up to 1.7564 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (55,5,3) is seeing major support above 39% where a bounce could occur in the intermediate future. It also […]

  • Litecoin in a bearish channel, watch for the break of support!

    Litecoin is in a descending channel with first major support at 167.12 (Fibonacci retracement, horizontal swing low support). Only a break of this support could trigger a bearish move down to 140.49 support (Fibonacci extension, horizontal swing low support). RSI (34) is in a descending channel similar to the one we’re seeing in price. Trading […]

  • EURAUD testing major resistance, potential reversal!

    EURAUD is testing major resistance at 1.5354 (Fibonacci retracement, horizontal overlap resistance) and a reaction off this level could be expected to push price down to 1.5267 support (Fibonacci extension, horizontal swing low support). Stochastic (55,5,3) is seeing major resistance at 97% where a corresponding reaction could occur. Trading CFDs on margin carries high risk. […]

  • Bund right above major support, prepare for a potential bounce!

    Bund is hovering really nicely above major support at 160.40 (Fibonacci extension, Fibonacci retracement, horizontal swing low support) and a bounce could occur at this level. If price breaks through our descending resistance line, this would add much more conviction to the potential bounce up to 161.88 resistance (Fibonacci retracement, horizontal overlap resistance). RSI (34) […]

  • Brent Crude Oil above major support, watch for a break!

    Brent crude oil is starting to show bearish signs and a potential reversal. Our major support remains at 68.60 (Fibonacci retracement, horizontal overlap support) and a break of this would trigger a bearish move down to support at 65.98 (Fibonacci retracement, horizontal pullback support). We can see that price has made a recent bearish exit […]

  • Bitcoin in a bearish channel, remain bearish looking for strength as entry

    Bitcoin is in a strong descending channel and we’re seeing major resistance at 11016 (Fibonacci retracement, horizontal overlap resistance). Our next major support is at 9470 (Fibonacci extension, horizontal swing low support). We remain bearish as long as price remains in this descending channel. Trading CFDs on margin carries high risk. Losses can exceed the […]

  • AUDUSD starting to reverse nicely, watch for the break of major support!

    AUDUSD is starting to reverse nicely! We are still in an ascending channel that stretches all the way back to December 2017 so only a break of this major channel would trigger a much more bearish move. Right now we’re seeing a close below 0.7988 as the first sign that a possible reversal could be […]

  • Dollar short-term rebound may be around the corner

    The Japanese Yen is heading to completely bullish advance ahead of the Bank of Japan meeting on Tuesday, as it is expected then the Japanese Central Bank will most likely follow the example of its colleagues.

  • Is USD/CAD about to head North?

    Let´s take a look at what will the British Pound do, as well as see what the Canadian currency has in store of us.

  • Bitcoin bounced perfectly as forecasted, prepare for another bounce!

    Bitcoin bounced right up to our first major resistance perfectly as forecast previously! It is now right on major support at 11060 (50% Fibonacci retracement, horizontal swing low support, Fibonacci extension) and a strong bounce could occur at this level to push price up to at least 12912 resistance (Fibonacci retracement, horizontal overlap resistance, Fibonacci […]