• How do the New Year holidays affect the financial markets?

    2017 is coming to a close and it’s time to review the accomplishments.

  • Bitcoin right on resistance, possible drop!

    Price didn’t trigger our bearish scenario yesterday and instead rallied to a strong area of resistance at 15912 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and a strong reaction could occur at this level to drive price down towards 12923 support (Fibonacci extension, horizontal swing low support). Our next major level of resistance is at […]

  • EURUSD lining up for a possible rally!

    EURUSD is seeing major support above 1.1835 (Fibonacci retracement, horizontal overlap support) and a strong bounce could occur above this level for it to rally towards 1.1940 resistance (Fibonacci extension, horizontal swing high resistance). Our next major level of support is at 1.1773 (Fibonacci retracement, horizontal swing low support). Stochastic (34,5,3) sees ascending support hold […]

  • EURAUD on major support area, keep an eye out!

    EURAUD is now testing major support at 1.5335 onwards (Fibonacci retracement, horizontal overlap support, recent swing low support) and a strong bounce could occur as this level to push price up to at least 1.5112 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,5,3) is seeing major support above 2% and a corresponding bounce could occur […]

  • AUDUSD right on resistance!

    Price is now testing major resistance at 0.7742 (61.8% Fibonacci retracement, 38.2% Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to push price down to 0.7552 support (Fibonacci retracement, horizontal overlap support). Our next major level of resistance is at 0.7796 (Fibonacci retracement, breakout level). Stochastic (55,5,3) is seeing […]

  • Bitcoin lining up for another drop!

    Price has dropped strongly for Bitcoin since its high at 20,000 just 2 weeks ago. Now we’re seeing a strong continuation triangle pattern that suggests price could drop even further. Our major support is at 13434 (Fibonacci retracement, horizontal swing low support, triangle formation) and a break of this level could push price down to […]

  • GBPUSD lining up a possible bounce!

    Price is consolidating within a triangle and is lining up for a possible bounce. We’re seeing major support above 1.3300 to 1.3311 (50% Fibonacci retracement, 76.4% Fibonacci retracement, horizontal overlap support) and a strong bounce could occur at this level to push price up to at least 1.3457 resistance (Fibonacci retracement, Fibonacci extension, horizontal swing […]

  • Ethereum testing major resistance area!

    Ethereum is now testing our major resistance area at 717 to 748 (61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance area, bearish price action) and a strong drop could occur at this level to push price to at least 583 support (Fibonacci retracement, horizontal swing low support). Our next major level of resistance is […]

  • GBPAUD testing major support, keep an eye out!

    Price is now testing major support area at 1.7352 (38.2% Fibonacci retracement, 50% Fibonacci retracement, 61.8% Fibonacci retracement), horizontal pullback support) and a strong bounce could occur at this level to push price up to at least 1.7917 (Fibonacci extension, horizontal swing high resistance). Our next major level of support is at 1.7107 (Fibonacci retracement, […]

  • “Falling off a cliff” the prophecy comes tru

    This week will be remembered by cryptocurrency traders for a long time. Bitcoin lost nearly a third of its value, dropping sharply from $ 20,000 to $13,000 on Friday in just 5 days, the main competitor BCH sank almost 30% on Friday, reaching $3,700 this week.

  • CADJPY seeing major resistance!

    Price is starting to see major resistance below 89.24 (50% Fibonacci retracement, 61.8% Fibonacci retracement, 78.6% Fibonacci retracement, horizontal swing high resistance, bearish price action) and a strong reaction could occur at this level to drive price down to 88.52 support (Fibonacci retracement, horizontal pullback support). Our next major level of resistance is at 89.71 […]

  • EURJPY bouncing off major support!

    We’re seeing price bounce off an area of really nice support at 133.90 onwards (38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap support, bullish price action) and a strong bounce could occur at this level to push price up towards 134.74 resistance (Fibonacci extension, horizontal swing high resistance). Our next major level of support is […]

  • Ethereum reached our target previously, now dropping to major support!

    Ethereum bounced above our major support level and reached our major resistance level perfectly. Now it is dropping strongly and our next major level of support is at 710 onwards to 692 (Fibonacci retracement, Multiple Fibonacci extensions, horizontal swing low support) where a possible bounce could occur once again to push price up towards major […]

  • AUDCAD bouncing perfectly above support!

      Price has bounced off our major support level perfectly and could rise further to our major resistance area. Our major level of support still remains at 0.9782 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support). Our next major level of resistance is at 0.9876 (Fibonacci extension, horizontal swing high resistance) and our next […]

  • Where is EUR/USD heading?

    We discuss where the single currency is about to head to, and take a look if Gold to finally going down.