• AUDJPY is approaching support, potential bounce!

    Price is approaching our first support at 81.14 (horizontal swing low support, 100% Fibonacci extension) and might rise up to our major resistance at 82.69 (horizontal overlap resistance, 100% Fibonacci extension). Stochastic (55,5,3) is also seeing a bullish divergence and approaching our support where a bounce off this level might see a corresponding rise in […]

  • Is EUR/USD giving a bearish signal?

    We discuss where EUR/USD is about to head and ponder when Bitcoin will make its next move. We also review the current state of S&P 500.

  • Summary

    Today we are seeing a nice setup on NZDUSD as it is approaching resistance where we are expecting a drop below that level. RSI is also seeing a bearish exit in line with our bearish bias. We are also seeing a nice setup on EURAUD as it is approaching resistance where we are expecting a […]

  • NZDUSD approaching resistance, potential drop!

    NZDUSD is approaching its resistance at 0.6960 (horizontal overlap resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where it could potentially react off, causing price to drop to its support at 0.6886 (78.6% Fibonacci retracement, horizontal swing low support) RSI (34) is seeing a bearish exit and approaching its resistance where we might see a corresponding […]

  • EURAUD approaching resistance, potential drop!

    EURAUD is approaching our first resistance at 1.5693 (horizontal swing high resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 1.5279 (horizontal swing low support, 100% Fibonacci extension, Elliot wave structure). RSI (55) is also seeing approaching our major resistance […]

  • GBPUSD approaching resistance, potential drop!

    GBPUSD is approaching our first resistance at 1.3297 (horizontal overlap resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) and a strong reaction might occur below this level pushing price down to our major support at 1.3154 (61.8% Fibonacci extension). A breakout below our intermediate support at 1.3212 (horizontal swing low support) might provide the bearish acceleration […]

  • AUDUSD approaching support, potential bounce!

    AUDUSD is approaching our first support at 0.7428 (horizontal swing low support, 61.8% Fibonacci extension). A strong bounce might occur above this level pushing price up to our major resistance at 0.7483 (horizontal pullback resistance, 100% Fibonacci extension, 23.6% Fibonacci retracement). Stochastic (89,5,3) is also approaching support where we might see a rise in price […]

  • Key economic events and reports of the upcoming week

    Monday, June 18, 2018 – ECB President Draghi Speaks (EUR).

  • Dovish bank of Japan opens door for Yen pressure

    Dovish tone of Bank of Japan on Thursday warranted maintenance of a super soft monetary policy on Friday and dampened inflation outlook, due to new obstacles to possible asset purchase cuts.

  • Sigh of relief?

    The Asian stock market was shaken by news about Trump’s imminent tariffs which come as a result of the lack of progress in trade negotiations.

  • Summary

    Today we are seeing a nice setup on USDJPY as it is testing our resistance where we expect a drop belwo this level. We are also seeing a nice setup on GBPJPY as it is testing our first support where we are expecting a bounce above this level. Here are some of our nice calls […]

  • GBPUSD testing resistance, potential drop!

    Price is testing our first resistance at 1.3259 (horizontal overlap resistance) and a strong reaction might occur to push price down to our major support at 1.3204 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. RSI (34) is seeing a bearish exit and we […]

  • GBPJPY approaching support, potential bounce!

    Price is approaching our first support at 145.89 (horizontal swing low support, 100% fibonacci extension, 38.2% fibonacci retracment) where it might rise up to our resistance at 147.98 (horizontal swing high resistance). Stochastic is approaching support where we might see a corresponding rise in price should it bounce off this level. Trading CFDs on margin […]

  • EURCHF approaching support, potential bounce!

    EURCHF is approaching our first support at 1.1511 (horizontal swing low support, 50% fibonacci retracement) and a strong bounce might occur pushing price up to our major resistance at 1.1582 (horizontal swing pullback resistance, 50% fibonacci retracement, 100%, 61.8% fibonacci extension). Stochastic (55,5,3) is also approaching support and we might see a corresponding rise in […]

  • USDJPY testing resistance, potential drop!

    USDJPY is testing our first resistance at 110.83 (horizontal overlap resistance, 78.6% fibonacci retracement, 61.8%, 100% fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 109.94 (horizontal swing low support, 38.2 fibonacci retracement, 61.8%, 100% fibonacci extension). RSI (89) is also approaching our resistance where […]