• CADCHF testing major support, prepare for a potential bounce!

    CADCHF is testing major support at 0.7716 (Fibonacci retracement, horizontal overlap support, bullish price action, bullish divergence) and a strong bounce could occur at this level to push prices all the way up to major resistance at 0.7851 (Fibonacci extension, horizontal swing high resistance). Stochastic (55,5,3) is seeing major support above 6.4% where a corresponding […]

  • AUDCAD approaching major resistance, watch for a potential drop!

    AUDCAD is fast approaching major resistance at 0.9705 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push prices all the way down to major support at 0.9644 (Fibonacci retracement, horizontal pullback support). Stochastic (89,5,3) is seeing major resistance at 91% where a corresponding reaction could occur. […]

  • Time to pare dollar longs ahead of the weekend

    US dollar has renewed a peak against Japanese yen, rising to the highest of four months, due to an increase in the yield of US 10-year bonds to a level of 3.128 percent.

  • NZDCHF seeing major support, potential for a nice bounce!

    NZDCHF is seeing major support at 0.6858 (Fibonacci extension, bullish harmonic formation, horizontal swing low support) and a strong bounce could occur at this level to push prices up to major resistance at 0.6929 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance). Stochastic (55,5,3) is seeing major support above 2.7% where a corresponding bounce could occur. […]

  • Gold looking poised for a major bounce!

    XAUUSD is seeing major support above 1285 ( Fibonacci retracement , fibonacci extension , bullish divergence ) and a strong bounce could occur at this level to push prices all teh way up to major resistance at 1302 ( Fibonacci retracement , fiubonacci extension, horizontal pullback resistance). Stochastic (55,5,3) also sees major support above 2.7% […]

  • AUDJPY lining up for a nice potential drop!

    AUDJPY is testing major resistance at 83.36 ( Fibonacci retracement , Fibonacci extension , horizontal overlap resistance, descending resistance, bearish divergence) and a strong drop could occur from here pushing price down to major support at 82.25 ( Fibonacci extension , horizontal swing low support). Stochastic (55,5,3) is seeing major resistance below 96% where a […]

  • USDJPY testing major resistance, potential to plunge!

    USDJPY is testing major resistance at 110.95 (Fibonacci retracement, Fibonacci extension, Elliott wave structure, bearish harmonic formation) and a strong drop could occur from here to push price all the way down to major support at 108.89 (Fibonacci retracement, horizontal swing low support). We do have to be wary of intermediate support at 110.00. Stochastic […]

  • China and the US abandon trade threat for markets

    China is looking for ways to resolve the US-China trade dispute, the Commerce Minister of China said on Thursday, expressing the hope that the parties will come to an agreement during the negotiations currently taking place in Washington.

  • Will gold go down?

    We ponder what the gold is going to do next, and discuss current moves of S&P 500. We also wonder where Russian ruble is about to head.

  • Bitcoin under heavy pressure, potential for further drop!

    Bitcoin is seeing major resistance at 8506 (Fibonacci retracement, Fibonacci extension, small horizontal overlap resistance, price action, descending resistance and bearish ichimoku cloud). This all points to further downside potential on Bitcoin. If price drops from here, it could potentially drop to major support at 8122 (Fibonacci extension, horizontal swing low support). Stochastic (21,5,3) is […]

  • AUDUSD testing major resistance, prepare for a potential drop!

    AUDUSD is testing major resistance at 0.7542 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push price down to 0.7476 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support). Stochastic (21,5,3) is seeing major resistance at 92% where a corresponding reaction could occur. Trading CFDs on margin […]

  • EURUSD has made a bullish exit, potential rally!

    EURUSD has broke major resistance-turned-support at 1.1819 (23.6% Fibonacci retracement, horizontal overlap support, bullish exit of descending resistance) and this has triggered a potential bullish exit that could see price rise all the way to major resistance at 1.1873 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance). Stochastic (34,5,3) is seeing major support above 3.9% […]

  • NZDUSD testing major channel resistance, potential for a strong drop!

    NZDUSD is testing major channel resistance at 0.6936 (Fibonacci retracement, Fibonacci extension, price action, channel resistance) and a strong drop could occur at this level to push prices all the way down to major support at 0.6852 (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is also seeing major resistance at 91% where a corresponding […]

  • Dollar confused despite yesterday’s rise in US yields

    Based on the current information, background and the price action of the dollar, there is a growing likelihood of downside shift in risks. Cautious longs are recommended.

  • Summary

    We caught the drop perfectly for EURCHF! Bagging a super healthy risk : reward of 1:5! We also caught the drop perfectly on XAUUSD bagging a really healthy risk : reward of 1:3