• AUDCAD approaching resistance, potential drop!

    AUDCAD is approaching our first resistance at 0.9555 (horizontal overlap resistance, 23.6%, 50% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 0.9419 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish bias in line with our bearish bias. […]

  • USD/CAD is forming a flag: how long will it last?

    We discuss the patterns formed by Canadian currency (USD/CAD) and describe interesting strong signals indicating the possible increase in the Bitcoin rate.

  • Summary

    Today we are seeing a nice setup on USDCHF and USDJPY as it is approaching resistance where we are expecting a drop below this level. 1. AUDJPY reversed perfectly from our first resistance and is approaching our major support target: 2. EURJPY reversed nicely from our first resistance and is approaching our major support target:

  • GBPAUD approaching resistance, potential drop!

    GBPAUD is approaching our first resistance at 1.7651 (horizontal pullback resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.7325 (horizontal swing low support, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching our major resistance where we might see a […]

  • NZDJPY approaching resistance, potential drop!

    NZDJPY is approaching our first resistance at 74.13 (horizontal pullback resistance, 23.6%, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 72.40 (horizontal swing low support). Stochastic (21,5,3) is also approaching resistance and we might see a corresponding drop in price […]

  • USDJPY approaching resistance, potential drop!

    USDJPY is approaching our first resistance at 111.67 (50%, 76.4% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 110.75 (61.8% Fibonacci retracement). Stochastic (89, 5, 3) is also approaching resistance and we might see a corresponding drop in price. Trading CFDs […]

  • USDCHF approaching resistance, potential drop!

    USDCHF is approaching our first resistance at 0.9990 (horizontal overlap resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.9930 (61.8% Fibonacci extension, 50% Fibonacci retracement). Stochastic (34,5,3) is approaching resistance and we might see a corresponding drop should it […]

  • Turkish turmoil pauses but uncertainty is high

    USDTRY retreated today from the record highs reached on Monday, as the speculators’ attack ended with profit taking, investors started analyzing the CBR’s measures to stabilize the foreign exchange market.

  • Summary

    Today we are seeing a nice setup on USDCAD as it is approaching support where we are expecting a bounce above this level. We are also seeing a nice setup on AUDJPY as it is approaching resistance where we are expecting a drop below this level. 1. CADJPY bounced nicely above our first support and […]

  • GBPJPY approaching resistance, potential drop!

    GBPJPY is approaching our first resistance at 143.52 (horizontal pullback resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 138.91 (horizontal swing low support, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bearish pressure in line with our […]

  • AUDJPY approaching resistance, potential drop!

    AUDJPY is approaching our first resistance at 80.88 (horizontal pullback resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 79.33 (horizontal swing low support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in […]

  • EURJPY approaching resistance, potential drop!

    EURJPY is approaching our first resistance at 126.68 (horizontal overlap resistance, 23.6% Fibonacci retracement) and a strong reaction might occur below this level pushing price down to our major support at 123.35 (horizontal swing low support, 100% Fibonacci extension, 50%, 61.8% Fibonacci retracement). We are also seeing a shooting star formed and Ichimoku cloud is […]

  • USDCAD approaching support, potential bounce!

    USDCAD is approaching our first support at 1.3068 (horizontal overlap support, 50% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 1.3285 (horizontal swing high resistance, 76.4% Fibonacci retracement). A breakout above our intermediate resistance at 1.3187 (horizontal swing high resistance, 100% Fibonacci extension) might […]

  • Is the “Turkish devil” as dreadful as it has been painted to be?

    The attention of global investors has been focused on the situation in Turkey, where the Turkish lira is suffering from a speculative attack, similar to the situation with the ruble at the end of 2014.

  • EUR/USD and USD/RUB: what is going to happen next?

    We wonder whether EUR/USD will keep going down and discuss whether USD/RUB is going to head up.