• AUDJPY broke out of resistance, further potential drop!

    AUDJPY broke out of our ascending channel and reacted off our first resistance at 83.27 (horizontal overlap resistance, 23.6% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 82.68 (horizontal overlap support). Ichimoku cloud is also showing signs of bearish pressure, in line with our bearish […]

  • AUDJPY testing support, potential rise!

    AUDJPY is testing our first support at 83.32 (horizontal overlap support, 23.6%, 61.8% Fibonacci retracement, 100% Fibonacci extension, support of ascending channel). A strong bounce might occur above this level, pushing price up to our major resistance at 84.08 (horizontal swing high resistance, 61.8%, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bullish […]

  • EURAUD testing resistance, potential drop!

    EURUAUD is testing our first resistance at 1.5897 (horizontal overlap resistance, 61.8%, 100% Fibonacci extension, 38.2% Fibonacci retracement) which coincides with our short term descending support line. A strong reaction might occur below this level, pushing price down to our major support at 1.5787 (horizontal overlap support, 76.4% Fibonacci retracement, 61.8%, 100% Fibonacci extension). Ichimoku […]

  • CHFAUD approaching support, potential bounce!

    CHFAUD is approaching our first support at 1.3312 (horizontal overlap support, 100% Fibonacci extension). A strong bounce might occur above this level, pushing price up to our major resistance at 1.3480 (horizontal overlap resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also approaching our major support and a bounce off this level might […]

  • AUDUSD approaching support, potential rise!

    Price broke out of our long term descending overlap support line and is approaching our first support at 0.7760 (horizontal swing low support). A strong bounce might occur above this level, pushing price up to our major resistance at 0.7812 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Ichimoku cloud is also showing […]

  • CHFAUD is approaching support, potential bounce!

    CHFAUD is approaching our first support at 1.3304 (horizontal swing low support, 100% Fibonacci extension). A strong bounce might occur above this level, pushing price up to our major resistance at 1.3601 (horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (21,5,3) is also approaching our major support and is seeing a bullish divergence, […]

  • EURJPY is approaching resistance, potential drop!

    EURJPY is approaching our first resistance at 133.04 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 130.02 (horizontal swing low support, 76.4% Fibonacci retracement). A breakout below our intermediate support level at 131.78 (horizontal overlap support, 61.8% Fibonacci […]

  • USDJPY reacted off resistance, further potential drop!

    Price reacted off our first resistance at 107.49 (horizontal swing high resistance, 61.8%, 100% Fibonacci extension, 23.6% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 107.05 (horizontal overlap support, 61.8% Fibonacci extension, 50% Fibonacci retracement). Stochastic (55,5,3) is also approaching our major resistance and […]

  • EURUSD approaching support, potential rise!

    Price is approaching our first support at 1.230 (horizontal overlap support, 61.8% Fibonacci extension, 50% Fibonacci retracement) and a strong bounce might occur, pushing price up to our major resistance at 1.2421 (horizontal swing high resistance, 78.6% Fibonacci retracement, 61.8% Fibonacci extension). A breakout above our intermediate resistance at 1.2378 (horizontal swing high resistance, 61.8% […]

  • USDCHF testing support, potential rise!

    USDCHF is testing our first support at 0.9578 (horizontal overlap support) and a strong bounce might occur above this level, pushing price up to our major resistance at 0.9667 (horizontal swing high resistance, 61.8% Fibonacci extension). RSI (55) has also bounced off its major support which might be a good precursor for a potential rise […]

  • NZDUSD testing resistance, potential drop!

    NZDUSD is testing our first resistance at 0.7375 (horizontal overlap resistance, 100% Fibonacci extension, 78.6% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 0.7248 (horizontal overlap support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) which coincides with our short term ascending support line. Stochastic (55,5,3) is […]

  • AUDUSD testing resistance, potential drop!

    AUDUSD is testing our first resistance at 0.7774 (horizontal overlap resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level, pushing price down to our major support at 0.7650 (horizontal swing low support). Stochastic (89,5,3) is also approaching our major resistance and is a good precursor for a potential […]

  • USDJPY approaching support, potential bounce!

    USDJPY is approaching our first support at 106.655 (horizontal overlap support, 61.8% Fibonacci extension, 50% Fibonacci retracement). A strong bounce might occur above this level, pushing price up to our major resistance at 107.13 (horizontal pullback resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). RSI (55) is also approaching our ascending support line and a bounce […]

  • EURUSD approaching resistance, potential drop!

    EURUSD is approaching our first resistance at 1.2378 (horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 1.2301 (horizontal overlap support, 61.8% Fibonacci extension, 50% Fibonacci retracement). Stochastic (89,5,3) is also seeing a bearish divergence and is approaching our […]

  • EURJPY approaching resistance, potential drop!

    EURJPY is approaching our first resistance at 132.80 (100% Fibonacci extension, Elliot wave structure). A strong drop might occur at this level, pushing price down to our major support at 131.62 (horizontal overlap support, 38.2% Fibonacci retracement). Stochastic (55,5,3) is approaching our major resistance and we might see a corresponding drop in price should react […]