• GBPUSD has formed a double top reversal, watch for the drop!

    GBPUSD has formed a double top reversal and is starting to drop nicely after breaking our major support-turned-resistance level at 1.3992 (Fibonacci retracement, horizontal overlap resistance, breakout level) where further bearish momentum could be expected to drive price down to major support at 1.3632 (Fibonacci extension, double top exit potential, horizontal pullback support). RSI (55) […]

  • USDCAD right on major resistance, potential upcoming drop!

    USDCAD is testing major resistance at 1.2580 (Fibonacci extension, Fibonacci retracement, Elliott wave structure, horizontal swing high resistance) and a strong reaction could occur at this level to drive price down to 1.2454 before 1.2414 support (Fibonacci retracement, corrective Elliott wave structure potential. We have to be careful of the intermediate support we find at […]

  • What will happen after the market collapse?

    After the largest ever drop of 1,600 points, the industrial index recovered some of the losses, but investors are carefully assessing the likelihood of a bearish era on the market.

  • BTCUSD testing multiple resistances, possible bearish setup!

    BTCUSD is now testing multiple resistances (long term pullback to descending support-turned-resistance level, shorter term descending resistance, horizontal pullback resistance, Fibonacci retracement) and a reaction could occur from this level to drive prices down to 5763 support (Fibonacci extension, horizontal swing low support). RSI (34) sees a long term descending resistance line hold price down […]

  • LTCUSD approaching major resistance, prepare for a potential drop!

    LTCUSD has risen to major resistance at 149.41 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension, descending resistance) and a strong reaction could occur at this level to drive price down to at least 108.41 support (Fibonacci extension, horizontal swing low support). Our long term descending resistance line is also adding a lot of bearish momentum […]

  • Ethereum right on major resistance, prepare for a potential drop!

    Ethereum is now testing our 1st resistance at 784 (multiple Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to drive prices down to at least 564 (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance at 96% where a corresponding reaction could occur. Trading CFDs on […]

  • AUDUSD forming a double bottom, potential reversal!

    AUDUSD has formed a really interesting setup since yesterday. After recovering, it has started to form a double bottom reversal. Coupled with the bullish exit of our descending resistance-turned-support line, this gives us a nicely setup double bottom reversal. Our 1st support remains at 0.7891 (Fibonacci retracement, horizontal overlap support) where a strong rally could […]

  • Is it possible to make money on cryptocurrencies?

    Investors are understanding that virtually all cryptocurrencies are brining profits and losses to the table. The largest on the capitalization has been on Bitcoin, Ethereum and Ripple, but they fell on Tuesday by more than 20%.

  • NZDUSD has started to break out major support level, watch for a possible drop!

    NZDUSD is starting to break our major support-turned-resistance level at 0.7276 and a strong drop could occur from here to push price towards 0.7184 support (Fibonacci retracement, horizontal overlap support). We require a stronger close below our 1st support level at 0.7276 to add further conviction to the bearish setup. Trading CFDs on margin carries […]

  • GBPUSD forming a double top reversal, keep an eye out!

    GBPUSD is forming a strong double top reversal with 1st resistance at 1.3992 (Fibonacci retracement, breakout level, pullback resistance) and a strong drop could occur from this level to push price down towards 1.3632 support (Fibonacci retracement, breakout potential, horizontal pullback support, Fibonacci extension). RSI (55) has made a bearish exit of our long term […]

  • Ethereum has broken major support, could lead to a big drop!

    Ethereum has broken major support at 756 (Fibonacci retracement, horizontal overlap resistance, bearish price action) and a strong drop could occur from this level towards 538 support (Fibonacci extension, Fibonacci retracement, horizontal overlap support). RSI (34) sees an intermediate descending resistance line provide downside pressure on Ethereum. Trading CFDs on margin carries high risk. Losses […]

  • AUDUSD forming a bearish breakout, possible shorting opportunity!

    AUDUSD has dropped strongly and broken our major support-turned-resistance level at 0.7897 (horizontal overlap resistance, breakout resistance, strong bearish channel) and a strong drop could occur from here to push price down to 0.7817 support (Fibonacci extension, Fibonacci retracement, horizontal swing low support). RSI (55) has made a long term bearish exit signaling a change […]

  • Are stock markets are going into a global sell-off?

    The beginning of the week turned out to be quite unpleasant for the stock indices, as the world Central Bank signals have accelerated the curtailment of softening programs. This caused the stock markets around the world to take flight.

  • Is Gold heading down?

    We discuss what Gold is up to, and where is index S&P500 might be heading.

  • GBPAUD approaching major resistance, prepare for a strong reaction!

    GBPAUD is approaching major resistance at 1.7974 (ABC Fibonacci extension, 61.8% Fibonacci extension, horizontal swing high resistance) and a strong reaction could occur at this level to push price down towards 1.7439 (Fibonacci retracement, Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance below 96% where a corresponding reaction could occur. Trading […]