• AUDUSD approaching resistance, potential drop!

    AUDUSD is approaching our first resistance at 0.74632 (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 0.7311 (horizontal swing low support). Stochastic (89,5,3) is also approaching our resistance and a reaction below this level might see a […]

  • AUDJPY approaching support, potential bounce!

    Price is approaching our first support at 82.10 (horizontal pullback support, 100% Fibonacci extension , 38.2% Fibonacci retracement , short term ascending support line) where a strong bounce might occur above this level pushing price up to our major resistance at 83.18 (horizontal swing high resistance 61.8% Fibonacci extension , 61.8% Fibonacci retracement ). Stochastic […]

  • NZDJPY approaching resistance, potential drop!

    Price is approaching our first resistance at 76.17 (horizontal swing high resistance, 38.2%, 50% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong reaction might occur below this level pushing price down to our major support at 74.91 (horizontal pullback support, 100% Fibonacci extension ). Stochastic (55,5,3) is also reacting off resistance where we […]

  • Are tariffs a real threat or are they a bluff?

    US stock indices closed in positive territory on Tuesday (S&P 500 + 0.58%, DOW + 0.35%), with traders focusing on the corporate earnings report to be released on Friday.

  • Pound rallies thanks to data on British economy

    Asian stocks failed to continue their growth on Tuesday as trade tension between the US and China casts a shadow over the economic activity in the Asian region.

  • EURAUD approaching resistance, potential drop!

    Price is approaching our first resistance at 1.5849 (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 1.5654 (horizontal overlap support, 38.2% Fibonacci extension). RSI (89) is also seeing a bearish exit and we might see a corresponding […]

  • VIX, Chinese bubble and volatility sellers- is it too early to be going into defence?

    The tariffs implementation was not new information; US and China had been exchanging warning shots for a long time before they started shooting at each other.

  • Key economic reports and events of the upcoming week

    Monday, July 9, 2018 – no important news/events due.

  • Tariff wars shook the ground of oil market

    On Friday, oil market was shaken by the rising volatility, but during the week prices for major grades were relatively stable, though poised to losses after the US imposed tariffs on Chinese exports worth $34 billion, and Beijing called this step the beginning of an unprecedented trade war.

  • What to expect with today’s NFP

    Data on the NFP will be made available today a few hours after the introduction of tariffs in the US and Beijing’s symmetric retaliation, which will collectively $ 34 billion worth of goods.

  • Summary

    Today we are seeing a nice setup on NZDUSD as it is approaching our first resistance which coincides with our Fibonacci retracement and Fibonacci extension where we expect a drop in price. We are also seeing a nice setup on USDCAD as it is approaching our first support which coincides with our long term ascending […]

  • CADJPY approaching support, potential bounce!

    CADJPY is broke out of our short term pullback support line and is approaching our first support at 83.85 (horizontal swing low support, 23.6% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 84.93 (78.6% Fibonacci retracement, 100% Fibonacci extension). Stochastic (34,5,3) is also approaching […]

  • EURJPY approaching resistance, potential drop!

    EURJPY is approaching our first support at 130.26 (horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement, short term descending resistance line) and a strong drop might occur below this level, pushing price down to our major support at 126.69 (horizontal swing low support, 100% Fibonacci extension, 61.8% fiboancci retracement). Stochastic (89,5,3) is also approaching […]

  • USDCAD approaching support, potential bounce!

    Price is approaching our first support at 1.3056 (horizontal pullback support, 61.8% Fibonacci extension, 23.6%, 38.2% Fibonacci retracement, short term ascending support line) and a strong bounce might occur above this level pushing price up to our major resistance at 1.3261 (horizontal pullback resistance, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also seeing a bullish divergence […]

  • NZDUSD approaching resistance, potential drop!

    Price is approaching our first resistance at 0.6832 (horizontal pullback resistance, 38.2%, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 0.6688 (horizontal swing low support, 61.8% Fibonacci extension). Stochastic (55,5,3) is also approaching resistance and we might see a corresponding […]