• EURAUD bouncing nicely above major support!

    EURAUD is bouncing nicely above major support at 1.5625 (Fibonacci retracement, horizontal swing low support) and a further rise could see price push up to 1.5770 resistance (Fibonacci retracement, horizontal swing high resistance). Stochastic (34,5,3) is seeing a nice bounce above 4.8% support with really good upside potential, similar to what we’re seeing in price. […]

  • Ethereum dropping perfectly with good downside potential!

    Ethereum has started to drop perfectly after breaking our ascending support line as forecasted. Our 1st major resistance is at 910.21 (Fibonacci retracement, horizontal overlap resistance) and a further drop could occur to push price all the way down to 781 support (Fibonacci retracement, horizontal swing low support). RSI (55) has broken below our 46% […]

  • CADCHF has made a bullish exit, potential for a mega reversal!

    CADCHF has made a bullish exit of its long term descending channel, this is a huge sign for a potential bullish reversal. Our 1st support is at our breakout level of 0.7386 and we can see two major resistance levels at 0.7439 (Fibonacci retracement, horizontal overlap resistance) and 0.7469 (Fibonacci retracement, horizontal overlap resistance). RSI […]

  • EURGBP is reacting nicely off major resistance, huge bearish potential.

    EURGBP has reacted nicely off major resistance at 0.8911 (Fibonacci retracement, horizontal swing high resistance) and a strong reaction could continue from this level to push price down towards 0.8747 support (Fibonacci retracement, horizontal swing low support). Stochastic (55,5,3) is seeing major resistance at 95% where it reacted nicely off. Huge downside potential for a […]

  • AUDUSD has reached our target, prepare for a potential bounce!

    AUDUSD has dropped perfectly as forecasted towards our major support. Now we’re seeing major support at 0.7891 (Fibonacci retracement, horizontal overlap support, bullish divergence) and a strong bounce could occur at this level to push price up towards 0.7934 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (21,5,3) is seeing major support above 6.4% and can […]

  • Etherium being squeezed, watch for a potential bearish breakout!

    Desmond’s Technical Analysis Etherium is currently being squeezed against major resistance at 987 due to our ascending support line pushing it up bit by bit. We can see major resistance at 987 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at that level to push price down towards 781 support […]

  • Is EUR/USD about to go down?

    We ponder what the single currency is up to and discuss what’s going to happen on the oil market in the near future.

  • Silver now testing strong support, watch for a potential bounce!

    Silver is now testing major support at 16.63 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and a strong bounce could occur at this level to push price up towards 16.96 resistance (Fibonacci retracement, horizontal swing high resistance). Stochastic (34,5,3) is seeing major support at 7% where a corresponding bounce could occur. Trading CFDs on margin […]

  • Litecoin forming a consolidation pattern, prepare for another bounce

    Litecoin is now consolidating really nicely within a wedge formation. We prepare for a potential bounce above 212 major support (horizontal overlap support, Fibonacci retracement) with our next major resistance at 264.42 (Fibonacci retracement, horizontal swing high resistance). Stochastic (21,5,3) can see an ascending support hold prices up and our bullish bias really well. Trading […]

  • AUDUSD testing strong resistance, prepare for a potential drop!

    AUDUSD is testing major resistance at 0.7934 (Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to push price down to 0.7890 support (Fibonacci extension, horizontal overlap support). Stochastic (21,5,3) is seeing major resistance at 93% where a corresponding reaction could occur. Trading CFDs on margin carries high risk. Losses […]

  • Bitcoin has continued to rise, watch for further potential upside!

    Bitcoin has continued to rise nicely and we’re seeing an ascending support line hold up prices really well. Our 1st major support is at 10319 (Fibonacci retracement, horizontal overlap support, ascending support) and a strong bounce could occur at this level to further push price up towards 12970 major resistance (Fibonacci retracement, horizontal overlap resistance). […]

  • What you need to know about the upcoming week

    Be prepared for the key economic events of the upcoming week. Take a look now.

  • Will the Oil rally become sustainable again?

    The Oil market finished on a strong, at the weak Dollar additionally created an impression of growth, but the gloomy prospects of overproduction force investors to take any positive news with great caution.

  • Will BOJ listen to the investors?

    Japanese government debt appreciated in price on Friday following the take-off of the US bonds in the debt market.

  • Will there be a Dollar rate hike in March?

    The financials markets reaction yesterday to the CPI data makes investors cautious. Inflation accelerated to 0.5% in January, significantly exceeding the forecast of 0.3% – this almost guarantees a March rate hike, but the Dollar is falling rapidly.