• Bitcoin testing major descending resistance, possible further drop

    Bitcoin is testing major resistance at 8587 (Fibonacci retracement, horizontal overlap resistance, descending resistance) and a drop from this level could occur pushing price down to 6064 support (Fibonacci extension, horizontal swing low support). Our next level of resistance is at 9876 (Fibonacci retracement, horizontal pullback resistance). Trading CFDs on margin carries high risk. Losses […]

  • EURUSD approaching double top reversal resistance, keep an eye out!

    EURUSD is making a strong pullback to our double top reversal resistance. Such setups usually occur where there are players pushing price up to get in on the good level. Our 1st level of resistance is at 1.2333 (Fibonacci retracement, horizontal overlap resistance, double top breakout level) and our major support is at 1.2083 (Fibonacci […]

  • AUDUSD testing major resistance, watch for a bullish break!

    AUDUSD is testing major resistance at 0.7844 (23.6% Fibonacci retracement, horizontal overlap resistance, channel exit potential) and only a clean break above 0.7844 resistance could potentially open a move up to 0.7902 resistance (Fibonacci retracement, horizontal overlap resistance). RSI (89) has made a bullish exit from our long term descending resistance-turned-support line signaling that a […]

  • Key economic events and reports

    Take a look what tha markets have in store for the upcoming week.

  • Chinese investors were reminded of 2008 crisis

    The Chinese market has experienced the worst Friday in the past two years. The fall, led by blue chip stocks, showed full-fledged development of the corrective mood on the market.

  • Investors are hoping for a market recovery

    The yields on 10-year treasury bonds have peaked, first time since mid-2013 (when they were on the basic risk-free rate). This will lead to higher borrowing costs in the corporate debt market.

  • NZDUSD testing major support, upcoming potential bounce!

    NZDUSD is testing major support at 0.7185 (Fibonacci retracement, horizontal overlap support, Elliott wave structure) and a strong bounce could occur at this level to drive price up to at least 0.7276 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (34,5,3) is seeing major support above 5.4% where a corresponding bounce could occur. Trading CFDs on […]

  • GBPAUD testing major resistance, watch for a reversal

    GBPAUD is testing major resistance at 1.7974 (Fibonacci extension, horizontal swing high resistance, bearish price action, bearish divergence) and a strong reaction could occur at this level to drive price down to 1.7439 support (Fibonacci retracement, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance at 96% and a corresponding reaction could occur at […]

  • EURUSD forming a double top reversal, watch for potential drop!

    EURUSD has formed a really nice double top reversal setup and this could drive price all the way down to 1.2083 major support (Fibonacci retracement, horizontal pullback support). Our 1st level of resistance is at 1.2333 (Fibonacci retracement, horizontal overlap resistance, double top breakout level) and we have to watch for a pullback to this […]

  • CHFJPY on major support, prepare for a possible bounce!

    CHFJPY is testing major support at 115.89 (Fibonacci retracement, horizontal overlap support, Fibonacci extension, Elliott wave structure) and a bounce could occur at this level to drive price up to at least 117.05 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (55,5,3) is seeing major support above 1.5% where a corresponding bounce could occur. Trading CFDs […]

  • Have bears crashed the oil price?

    Investors were well aware of the shale producers plans to increase production, but yesterday’s statistics took everyone by surprise.

  • Is oil about to go down?

    Oil have moved up and down and the other way around, so we ponder over where the asset will finally end up.

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

    BTCUSD is back to testing our major resistance at 8057 (shorter term descending resistance, horizontal pullback resistance, Fibonacci retracement) and a reaction could occur from this level to drive prices down to 5763 support (Fibonacci extension, horizontal swing low support). RSI (34) sees a long term descending resistance line hold price down really well and […]

  • LTCUSD has reacted nicely from our descending resistance, keep an eye out!

    LTCUSD has risen to our long term descending resistance line, tested it and started to react nicely off it. The overall momentum remains bearish and our first major resistance is at 149.41 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension, descending resistance) where further bearish momentum could drive price down to at least 108.41 support (Fibonacci […]

  • GBPUSD has formed a double top reversal, watch for the drop!

    GBPUSD has formed a double top reversal and is starting to drop nicely after breaking our major support-turned-resistance level at 1.3992 (Fibonacci retracement, horizontal overlap resistance, breakout level) where further bearish momentum could be expected to drive price down to major support at 1.3632 (Fibonacci extension, double top exit potential, horizontal pullback support). RSI (55) […]