• EURAUD approaching major resistance, potential reversal!

    EURAUD approaching major resistance at 1.5810 (100% Fibonacci extension, 61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where a potential drop may occur to its 1st support at 1.5621 (L T 61.8% Fibonacci extension, 61.8% Fibonacci extension, 50% Fibonacci retracement, multiple swing low support). If it breaks past this level, it could fall to […]

  • EURUSD approaching its support, potential for a bounce!

    EURUSD approaching its support at 1.2276 (61.8% Fibonacci retracement, horizontal swing low) where a potential bounce could occur, causing price to rise to its 1st resistance at 1.2444 (61.8% Fibonacci extension x2, horizontal swing high resistance). If it breaks past this resistance, it could rise to its 2nd resistance at 1.2522 (100% Fibonacci extension, multiple […]

  • Is the US playing a victim

    The US will seek to reduce China’s net exports by $100 billion dollars, clarifying the details of the tweet made by the president last week. As one Chinese newspaper correctly noted, “The US masterfully plays itself a victim.”

  • Where is GBP/USD going to head?

    We ponder over the GBP/USD movements and take a look at Golds trajectory.

  • AUDJPY bounced off major support, potential rise!

    AUDJPY bounced off its major support at 83.35 (horizontal overlap support, 38.2% Fibonacci retracement, 100% Fibonacci extension). A strong reaction could occur at this level, pushing price up to our next major resistance at 84.56 (horizontal swing high resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (55,3,5) is also approaching its major support at 5% […]

  • EURJPY bounced off major support, potential rise!

    EURJPY has bounced off its major support at 130.96 (50% Fibonacci retracement, horizontal swing low support, 100% Fibonacci extension). A strong reaction could occur at this level pushing price up to our next major resistance at 131.89 (horizontal overlap resistance, 61.8% Fibonacci retracement). A breakout of its short term ascending pullback resistance line would provide […]

  • GBPJPY reversed nicely off its resistance, potential drop!

    GBPJPY reversed nicely off its resistance at 149.372 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop to its 1st support at 146.167 (L T 61.8% Fibonacci retracement, 76.4% Fibonacci retracement) or to its 2nd support at 145.140 (Horizontal overlap support). We have also identified another resistance at 150.938 […]

  • EURUSD approaching resistance, potential bearish reaction

    EURUSD bounced nicely off its support at 1.2343 (50% Fibonacci retracement) where it is approaching its 1st resistance at 1.2444 (61.8% Fibonacci extension x2, Horizontal swing high resistance) where a potential reversal may occur, pushing price back down to its 1st support or 2nd support at 1.2277 (61.8% Fibonacci retracement, horizontal swing low). If it […]

  • Another resignation leads to a new tariff

    It was naive to expect that Trump would limit himself to steel tariffs after Gary Cohn resigned. Rex Tillerson, the US Secretary of State has also resigned, and the news hit the wire that Trump plans to tax the Chinese imports with 60 billion dollars.

  • AUDUSD reacted off resistance, further potential drop!

    <img src="http: AUDUSD reacted off its major resistance level at 0.7891 (horizontal overlap resistance, 38.2%, 61.8% Fibonacci retracement, 100% Fibonacci extension). A strong reaction could occur at this level pushing price down to our next major support at 0.7830 (horizontal overlap support, 38.2% Fibonacci retracement, 100% Fibonacci extension). RSI (55) is also approaching its major […]

  • NZDUSD approaching resistance, potential drop!

    NZDUSD is approaching its major resistance level at 0.7357 (61.8% Fibonacci retracement, 61.8%, 100% Fibonacci extension, horizontal swing high resistance). A strong reaction could occur at this level, pushing price down to our next major support at 0.7276 (horizontal overlap support, 50% Fibonacci retracement, 100% Fibonacci extension). RSI (55) is also approaching its long term […]

  • EURAUD approaching major resistance, look out for a potential drop!

    EURAUD is approaching its resistance at 1.5810 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where price could potentially reverse and drop to its 1st support at 1.5615 (L T 61.8% Fibonacci extension, 61.8% Fibonacci extension, 50% Fibonacci retracement, multiple swing low support). If it breaks past this level, it could fall to its […]

  • EURUSD approaching resistance, potential for a drop!

    EURUSD approaching its resistance at 1.2444 (61.8% Fibonacci extension, horizontal swing high resistance) where price could potentially drop to its 1st support at 1.2277 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support). If it breaks this level it could fall to its 2nd support at 61.8% Fibonacci retracement, multiple swing low support). Stochastic (55, […]

  • Does EIA data put pressure on the Oil?

    WTI and Brent futures declined in the last Asian session and then further receded to the opening levels as traders stand pat ahead of EIA commercial reserves data.

  • Ripple approaching support, potential to bounce strongly!

    XRPUSD is approaching major support at 0.7339 (Fibonacci extension, horizontal swing low support) and a strong bounce could occur at this level to push prices all the way up to 0.8320 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,5,3) is seeing major support above 2.8% and a corresponding bounce could occur above this level. Trading […]