• Summary

    Today we are seeing a nice setup on EURGBP and EURUSD as it is approaching support where we are expecting a bounce above this level. Here are some of our nice calls previously: USDCAD bounced perfectly from our first support to hit our major resistance target: EURCAD reversed nicely from our first resistance and is […]

  • Key economic events and reports of the upcoming week

    Take a look at what global markets have in store for the upcoming week.

  • Gold prices stall as Trump curbs optimism on trade talks

    Gold prices rose on Friday morning as US President Donald Trump curbed upbeat beliefs on the resumption of trade talks between Washington and Beijing.

  • Time to start worrying about your dollar longs?

    The ECB held a meeting yesterday and, although the forecasts for the GDP were indeed lowered, the market turned a deaf ear to the bearish part of the report as it was information that was rather anticipated. The market focused instead on Draghi’s verbal assessment of economic recovery and comments on inflation.

  • USDCAD approaching first support, potential bounce!

    USCAD is approaching our first support at 1.2966 (horizontal overlap support, 76.4%, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur above this level pushing price up to our major resistance at 1.3039 (Horizontal pullback resistance, 23.6% Fibonacci retracement). Stochastic (89,5,3) is also approaching support where we might see a corresponding rise […]

  • EURCAD approaching resistance, potential drop!

    EURCAD is approaching our first resistance at 1.1519 (horizontal overlap resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 1.5093 (horizontal swing low support, 50% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line with our […]

  • NZDCAD approaching resistance, potential drop!

    NZDCAD is approaching our first resistance at 0.8560 (horizontal pullback resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 0.8500 (horizontal swing low support). RSI (34) is also approaching our descending resistance line and a reaction below this level might […]

  • EURCHF approaching resistance, potential drop!

    EURCHF is approaching our first resistance at 1.1365 (horizontal pullback resistance, short term descending resistance line, 61.8% Fibonacci retracement, 23.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.1244 (horizontal overlap support). RSI (89) is also approaching resistance and a reaction below this level […]

  • Summary

    Today we are seeing a nice setup on EURCHF and NZDCAD as it is approaching resistance where we are expecting a drop below this level. Here are some of our nice calls previously: USDX dropped perfectly from our first resistance and is approaching our major support target:

  • ECB: Keeping low profile

    Yesterday, the US Treasury held an auction of 10-year bonds offering $23B of them. Let me remind you that the US bond auction events should be closely monitored, since the bond supply is rising (to raise money for tax reform), while rate hikes and economic growth negatively affect demand in terms of yield and in terms of appetite to risk.

  • GBPAUD approaching support, potential bounce!

    GBPAUD is approaching our first support at 1.8052 (horizontal pullback support, 38.2%, 50% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction might occur above this level pushing price up to our major resistance at 1.8250 (Horizontal overlap resistance, 61.8% Fibonacci retracement). Stochastic (55,5,3) is also approaching support where we might see a corresponding rise […]

  • USDX approaching resistance, potential drop!

    USDX is approaching our first resistance at 94.91 (horizontal overlap resistance, 23.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 94.40 (horizontal swing low support, 78.6% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. Trading […]

  • AUDUSD approaching resistance, potential drop!

    AUDUSD is approaching our first resistance at 0.7239 (horizontal overlap resistance, 61.8% Fibonacci extension, 50%, 23.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at (swing low support, 100% Fibonacci extension). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in […]

  • GBPJPY approaching resistance, potential drop!

    GPBJPY is approaching our first resistance at 146.79 (horizontal swing high resistance, bearish channel resistance, 38.2%, 50%, 76.4% Fibonacci retracement, 61.8%, 100% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 142.53 (horizontal swing low support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (55,5,3) is […]

  • Summary

    Today we are seeing a nice setup on GBPJPY and AUDUSD as it is approaching resistance where we are expecting a drop below this level. Here are some of our nice calls previously: EURJPY bounced perfectly up from our first support to hit our major resistance target: https://www.tradingview.com/chart/USDJPY/HfIQKFJ0-EURJPY-approaching-support-watch-for-potential-bounce/