• USDJPY is approaching support, potential bounce!

    USDJPY is approaching our first support at 112.15 (Horizontal overlap support, 50% Fibonacci retracement, 100% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 112.94 (horizontal pullback resistance, 38.2% Fibonacci retracement). Stochastic (34,5,3) is also approaching support and we might see a corresponding rise in […]

  • GBPAUD approaching support, potential bounce!

    GBPAUD is approaching our first support at 1.8451 (horizontal overlap support, 23.6%, 38.2% fibonacci retracement, 61.8% fibonacci extension) and price might potentially bounce above this level to our resistance at 1.9026 (50% Fibonacci retracement). RSI (89) is also approaching support and we might see a corresponding bounce in price. Trading CFDs on margin carries high […]

  • EURGBP approaching support, potential bounce!

    EURGBP is approaching our first support at 0.8724 (horizontal swing low support, 100% Fibonacci extension, 76.4% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 0.8855 (horizontal pullback resistance, 50%, 38.2% Fibonacci retracement, 100% Fibonacci extension). Stochastic (89,5,3) is also approaching support and we might […]

  • Summary

    Today we are seeing a nice setup on EURGBP and GBPAUD where it is approaching support and we are expecting a bounce above this level. Here are some of our nice calls previously: USDCAD reversed perfectly off our first resistance and is approaching our major support target: https://www.tradingview.com/chart/USDCAD/YRPqbkhC-USDCAD-approaching-resistance-potential-drop/ AUDUSD bounced nicely up our first support […]

  • S&P 500 is close to 200-SMA, markets hope that the Fed will retreat

    World stock markets plunged into gloom on Wednesday after investors questioned the steadfast posture of US stock indices. The wave of correction, the strongest since February 2018, has lashed on American stocks, reflecting the unanimous opinion of investors that Powell has “overdone” with hawkish comments in his last speech.

  • GBPUSD is approaching resistance, potential drop!

    GBPUSD is approaching our first resistance at 1.3240 (horizontal pullback resistance, 61.8%, 100% Fibonacci extension, 78.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.3138 (horizontal overlap support, 50% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop […]

  • USDJPY is approaching support, potential bounce!

    USDJPY is approaching our first support at 112.15 (Horizontal overlap support, 50% Fibonacci retracement, 100% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 112.94 (horizontal pullback resistance, 38.2% Fibonacci retracement). Stochastic (34,5,3) is also approaching support and we might see a corresponding rise in […]

  • EURCAD approaching resistance, potential drop!

    EURCAD is approaching our first resistance at 1.5090 (horizontal pullback resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.4942 (horizontal pullback support, 50% Fibonacci retracement). RSI (34) is approaching resistance and we might see a corresponding drop in price. […]

  • USDCAD approaching resistance, potential drop!

    USDCAD is approaching our first resistance at 1.3074 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 1.2934 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (34) is also facing bearish pressure and we might see a […]

  • Summary

    Today we are seeing a nice setup on USDCAD and EURCAD where we are expecting a drop below this level. Here are some of our nice calls previously: AUDJPY reversed perfectly off our first resistance and reached our major support target: https://www.tradingview.com/chart/AUDJPY/EjA9ksQh-AUDJPY-approaching-resistance-potential-drop/ CHFJPY dropped perfectly below our first resistance to hit our major support target: […]

  • Russian ruble could be targeting level 69

    Today we discuss what the Russian ruble is up to and wonder what is going to happen with Canadian currency and American index S&P500.

  • Gold peg to Yuan tightens as economy outlook deteriorates

    Donald Trump repeated his biggest threat on Tuesday that China could face tariffs on all exports to the United States if it attempts to retaliate previous rounds of tariffs. Verbal pressure gains magnitude amid growing slack in the Chinese economy which becomes increasingly hard to deny. The authorities can keep unmoved countenance in front of confirmed patriots.

  • AUDUSD is approaching support, potential bounce!

    AUDUSD is approaching our first support at 0.7087 (horizontal overlap support, 50% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 0.7176 (50% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (34) is also approaching support and we might see a corresponding rise in price should it […]

  • USDCAD is approaching support, potential bounce!

    USDCAD is approaching our first support at 1.2887 (Horizontal overlap support, 50% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1.2997 (horizontal swing high resistance, 76.4% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (55,5,3) is also approaching support and we might see a corresponding rise […]

  • CADJPY approaching resistance, potential drop!

    CADJPY is approaching our first resistance at 87.47 (horizontal swing high resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 86.54 (horizontal overlap support, 50% Fibonacci retracement, 100% Fibonacci extension). RSI (89) is seeing a bearish exit and we might […]