• USDCAD approaching resistance, potential drop!

    USDCAD is approaching our first resistance at 1.3404 (horizontal overlap resistance, 76.4% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.3342 (horizontal pullback support, potential 61.8% Fibonacci retracement). Stochastic is also approaching resistance where we might see a corresponding drop in […]

  • Summary

    We are seeing a nice setup on USDCAD where we are expecting a drop below our first resistance level and XAUUSD where it is approaching support where we are expecting a bounce this level. BCOUSD reversed perfectly from our first resistance: https://www.tradingview.com/chart/USDJPY/HgJOkPUZ-BCOUSD-approaching-resistance-potential-drop/

  • What the new Brexit delay means for UK manufacturers?

    Capital spending and exports, the engines that drive the growth of British economy, entered lower gear due to weakening foreign demand and dragging uncertainty of Brexit.

  • Is EUR/USD About to Drop Anytime Soon?

    Today we discuss the future of European currency and ponder what gold and Swiss franc are currently up to.

  • NIKKEI approaching resistance, potential drop!

    NIKKEI is approaching our first resistance at 22290.7 (61.8% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 21472.4 (61.8% Fibonacci retracement , 100% Fibonacci extension , horizontal pullback support). Stochastic is approaching resistance as well where we might see […]

  • BCOUSD approaching resistance, potential drop!

    BCOUSD is approaching our first resistance at 72.09 (horizontal swing high resistance, 100%, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 70.70 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, Horizontal swing low support). Stochastic is also approaching resistance and seeing a bearish divergence where […]

  • USDCAD approaching support, potential bounce!

    USDCAD is approaching our first support at 1.3289 (horizontal swing low support, 78.6% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.3341 (horizontal swing high resistance, 50% Fibonacci retracement). Stochastic is also approaching support where we might see a corresponding bounce […]

  • NZDUSD approaching resistance, potential drop!

    NZDUSD is approaching our first resistance at 0.6828 (horizontal overlap resistance, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 0.6770 (horizontal pullback support, potential 50% Fibonacci retracement). Stochastic is also approaching resistance where we might see a corresponding drop in […]

  • Summary

    We are seeing a nice setup on NZDUSD where we are expecting a drop below this level and USDCAD where it is approaching support where we are expecting a bounce this level. USDCAD reversed perfectly from our first resistance to hit our major support target: https://www.tradingview.com/chart/EURCHF/6pvimjTH-USDCAD-approaching-resistance-potential-drop/

  • No trace of “trade truce” in Chinese exports data

    The growth of Chinese exports in March offset decline in the first two months thanks to a combination of political, seasonal and economic factors. However, this recipe was useless to support imports, which is led by a prolonged decline in domestic consumption due to a fall in consumer confidence in China.

  • HSI approaching resistance, potential drop!

    HSI is approaching our first resistance at 30079.5 (horizontal pullback resistance, 38.2% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 29570.6 (38.2% Fibonacci retracement , 61.8% Fibonacci extension , horizontal pullback support). Trading CFDs on margin carries high risk. […]

  • Nikkei approaching resistance, potential drop!

    Nikkei is approaching our first resistance at 21823.8 (76.4% Fibonacci retracement, horizontal swing high resistance, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 21414.3 (61.8% Fibonacci extension, 50% Fibonacci retracement, Horizontal pullback support). Stochastic is also approaching resistance where we might see a […]

  • USDJPY approaching resistance, potential drop!

    USDJPY is approaching our first resistance at 112.16 (78.6% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance) where a strong drop might occur below this level pushing price down to our major support at 111.38 (61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price. Trading CFDs […]

  • USDCAD approaching resistance, potential drop!

    USDCAD is approaching our first resistance at 1.3396 (horizontal overlap resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 01.3327 (61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (34,5,3) is also approaching resistance and seeing a bearish divergence where we might […]

  • Summary

    We are seeing a nice setup on USDJPY and USDCAD where we are expecting a drop below this level. XAUUSD reversed perfectly from our first resistance: https://www.tradingview.com/chart/USDJPY/p26r0Ns5-USDCAD-approaching-resistance-potential-drop/