• Summary

    Today we are seeing a nice setup on CADJPY as it is approaching our first resistance where we are expecting a drop below that level. We are also seeing a nice setup on CHFJPY as it is approaching our first resistance where we are also expecting a drop below that level. Here are some of […]

  • CHFJPY approaching resistance, potential drop!

    Price is approaching our first resistance at 113.28 (horizontal overlap resistance, 100% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 112.04 (horizontal overlap support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching our resistance and we might see a corresponding drop […]

  • GBPAUD approaching resistance, potential drop!

    Price is approaching our first resistance at 1.7709 (horizontal overlap resistance, 61.8%, 100% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.7530 (horizontal swing low support, 76.4% Fibonacci retracement, Elliot wave structure, 100% Fibonacci extension). Ichimoku cloud is also showing signs […]

  • CADJPY approaching resistance, potential drop!

    CADJPY is approaching our first resistance at 85.92 (horizontal overlap resistance, 100% Fibonacci extension, 76.4% Fibonacci retracement) where price might potentially drop to our major support at 85.18 (horizontal overlap support, 23.6% Fibonacci retracement). RSI (89) is also seeing a bearish exit and we might see a corresponding drop in price if it reacts off […]

  • AUDJPY approaching resistance, watch for breakout!

    Price is approaching our first resistance at 83.71 (horizontal swing high resistance, 78.6% Fibonacci retracement) and a breakout above this level might push price up to our major resistance at 84.58 (horizontal swing high resistance, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias. RSI (89) […]

  • Dollar rallies following US Fed Chairman’s Congress statements

    It is evident that the dollar has left behind its peers in the race , while the the spread between Treasury bonds sunk to new lows following Fed Chairman Powell’s composed position before the Congress, where he said that the US economy is expected to grow steadily in future years.

  • Summary

    Today we are seeing a nice setup on USDJPY as it is approaching our first resistance where we expect a drop to occur below this level. We are also seeing a nice setup on CHFJPY as it is approaching resistance where we are expecting a drop to occur below this level. Here are some of […]

  • USDJPY approaching resistance, potential drop!

    Price is approaching our first resistance at 113.36 (horizontal swing high resistance, 61.8% Fibonacci retracement) where a strong reaction might occur below this level pushing price down to our major support at 111.36 (horizontal pullback support, 23.6%, 50% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (34,5,3) is also seeing a bearish divergence an is reacting off […]

  • CHFJPY approaching resistance, potential drop!

    CHFJPY is approaching our first resistance at 113.32 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where price might potentially drop to our major support at 111.26 (horizontal swing low support, 61.8% Fibonacci retracement, 100% Fibonacci extension). Stochastic (55,5,3) is also seeing a bearish divergence and is approaching resistance and we might see a […]

  • GBPCHF approaching support, potential bounce!

    Price is approaching our first support at 1.3023 (horizontal swing low support, 38.2% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.3270 (horizontal swing high resistance, 100% Fibonacci extension). Stochastic (55,5,3) is also approaching our major support where a bounce off […]

  • USDCHF approaching support, potential bounce!

    Price is approaching our first support at 0.9990 (horizontal pullback support, 23.6% Fibonacci retracement) and a strong bounce might occur below this level pushing price up to our major resistance at 1.0059 (horizontal swing high resistance, 61.8%, 100% Fibonacci extension). RSI (89) is also approaching support where we might see a corresponding rise in price […]

  • An overview of the oil market, US stocks and UK labor statistics

    Asian stock markets declined on Tuesday partly due to the drop in the energy market, from where the rout spread to Asian energy sector.

  • Summary

    Today we are seeing a nice setup on USDCAD as it is approaching our first support where we expect a bounce above this level. We are also seeing a nice setup on EURAUD as it is approaching resistance where we are expecting a drop below this level. Here are some of our nice calls previously: […]

  • AUDUSD approaching support, potential bounce!

    AUDUSD is approaching our first support at 0.7400 (horizontal swing low support, 50% Fibonacci retracement, short term ascending support line) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7469 (horizontal swing high resistance, 61.8%, 100% Fibonacci extension). Stochastic (34,5,3) is also approaching our support where a […]

  • EURAUD approaching resistance, potential drop!

    EURAUD broke out of our short term ascending support-turned-resistance line and is approaching our first resistance at 1.5885 (horizontal swing high resistance, 100% Fibonacci extension) where price might potentially drop to our major support at 1.5653 (horizontal overlap support, 38.2% Fibonacci retracement). A breakout of our intermediate support at 1.57 09 (horizontal swing low support) […]