• USDJPY reversed off resistance, could possibly drop

    Price is reversed off its 1st resistance (61.8% Fibonacci extension, horizontal pullback resistance, 23.6% Fibonacci retracement) where it is expected to reverse down to its support (horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance where a corresponding reversal is expected Trading CFDs on margin carries high risk. Losses can exceed the […]

  • XAGUSD near resistance, could possibly drop

    Price is approaching its 1st resistance (horizontal swing high resistance, 38.2% &50% Fibonacci retracement,100% Fibonacci extension) where it is expected to reverse down to its support (Horizontal swing low support,78.6% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89, 5, 3) is approaching its resistance where a corresponding reversal is expected Trading CFDs on margin carries high […]

  • EURUSD near key support, could possibly bounce

    Price is approaching our first support (100% Fibonacci extension,61.8% Fibonacci retracement, Horizontal swing low support) where a strong bounce might occur pushing the price up to our major resistance (Horizontal pullback resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement). Stochastics also showing support. Trading CFDs on margin carries high risk. Losses can exceed the initial investment […]

  • Summary

    We are seeing a nice setup EURUSD and GBPUSD as it is near key resistance. Here are some of our nice calls previously: EURUSD reversed nicely: https://www.tradingview.com/chart/EURUSD/muCIuvfw-EURUSD-Approaching-Resistance-Prepare-For-A-Reversal/

  • Key economic events and reports of the upcoming week

    Monday, June 17, 2019 – Inflation Report Hearings (GBP).

  • Cooperation vs. Competition: OPEC favours the former

    OPEC and other oil exporting nations, including Russia, are in the final stage of negotiating an agreement, which may be signed in early July, aimed at cooperation in the oil production domain, Japanese Nikkei newspaper reported referring to comments of Russian Energy Minister Alexander Novak.

  • Chinese data keeps disappointing suggesting more stimulus measures are ahead

    Seeing downside surprises in the Chinese economic data is gradually becoming a habit. The growth rate of industrial output slowed to a 17-year low in May while decline in investment in fixed assets suggests that a quick recovery in production can’t be expected in the near-term.

  • EURUSD near key support, could possibly bounce

    Price is approaching our first support (61.8% Fibonacci extension,50% Fibonacci retracement, Horizontal swing low support) where a strong bounce might occur pushing the price up to our major resistance (Horizontal swing high resistance, 61.8% Fibonacci extension). Stochastics also showing support. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please […]

  • USDCHF reversed off resistance, could possibly drop

    Price is reversed off its 1st resistance (100% Fibonacci extension*2, horizontal swing high resistance, 38.2% Fibonacci retracement) where it is expected to reverse down to its support (horizontal swing low support,61.8% % Fibonacci extension, 50% Fibonacci retracement). Stochastic (89, 5, 3) is approaching its resistance where a corresponding reversal is expected Trading CFDs on margin […]

  • XAUUSD near resistance, could possibly drop

    Price is approaching its 1st resistance (horizontal swing high resistance) where it is expected to reverse down to its support (Horizontal overlap support,38.2% Fibonacci retracement, 100% Fibonacci extension). Stochastic (89, 5, 3) is approaching its resistance where a corresponding reversal is expected Trading CFDs on margin carries high risk. Losses can exceed the initial investment […]

  • EURGBP near Resistance, Prepare For A Reversal

    Price is approaching its 1st resistance ( 76.4% Fibonacci retracement,61.8% Fibonacci extension,horizontal swing high resistance) where it is expected to reverse down to its support (Horizontal overlap support,61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (34, 5, 3) is approaching its resistance where a corresponding reversal is expected Trading CFDs on margin carries high risk. Losses […]

  • Summary

    We are seeing a nice setup EURGBP and USDCHF as it is near key resistance. Here are some of our nice calls previously: USDCHF reversed nicely: https://www.tradingview.com/chart/EURCHF/oXrilT16-USDCHF-testing-resistance-could-possibly-drop/

  • Ailing manufacturing and services sector prompt Chinese authorities to ramp up credit easing

    US commercial oil inventories have been almost uninterruptedly growing from mid-March since the prices above profitability threshold permitted producers to step up production efforts. OPEC statements about rebalancing efforts have limited impact and weren’t positive enough to curb fears associated with consumption outlook.

  • Could the S&P500 potentially fall?!

    Today we review the potential future of the stock index S&P500 and cross rate of EUR/GBP as well as possible jump of kiwi.

  • EURJPY near key support, could possibly bounce

    Price is approaching our first support (100% Fibonacci extension, horizontal swing low resistance, 50% Fibonacci retracement )where a strong bounce might occur pushing the price up to our major resistance (38.2% & 76.4% Fibonacci retracement, horizontal swing high resistance). Stochastics also showing support. Trading CFDs on margin carries high risk. Losses can exceed the initial […]