• GBPNZD approaching resistance, potential drop!

    GBPNZD is approaching our first resistance at 1.9421 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.1332 (61.8% Fibonacci retracement). Stochastic (21,5,3) is also approaching resistance where we might see a drop in price. Trading CFDs […]

  • NZDCHF approaching resistance, potential drop!

    NZDCHF is approaching our first resistance at 0.6945 (horizontal swing high resistance, 76.4% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.9278 (horizontal swing low support, 38.2% Fibonacci retracement). Stochastic (34,5,3) is also approaching resistance where we might see a drop […]

  • EURNZD approaching support, potential bounce!

    EURNZD is approaching our first support at 1.6327 (horizontal swing low support, 100% Fibonacci extension) where a strong bounce might occur above this level to our major resistance at 1.6529 (23.6% Fibonacci retracement). Stochastic (34,5,3) is also approaching our support where we might see a bounce in price. Trading CFDs on margin carries high risk. […]

  • Summary

    We are seeing a nice setup on NZDCHF and GBPNZD as it is approaching resistance where we are expecting a drop below this level.

  • What “gold rush” of Central Banks tells us about credit risk in US Treasuries?

    The data on China’s foreign exchange reserves, which is reluctantly and irregularly released by the PBOC, indicated another increase in gold reserves for three consecutive months (December-February) to 60.26 million ounces.

  • CADCHF approaching resistance, potential drop!

    CADCHF is approaching our first resistance at 0.7544 (horizontal pullback resistance, 50% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.7502 (50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries […]

  • EURCHF approaching resistance, potential drop!

    EURCHF is approaching our first resistance at 1.1369 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.1332 (61.8% Fibonacci retracement). Stochastic (21,5,3) is also approaching resistance where we might see a drop in price. Trading CFDs […]

  • NZDUSD approaching resistance, potential drop!

    NZDUSD is approaching our first resistance at 0.6835 (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 0.6790 (horizontal pullback support, 50% Fibonacci retracement). Stochastic (21,5,3) is also approaching resistance where we might see a drop in price. […]

  • GBPCAD approaching support, potential bounce!

    GBPCAD is approaching our first support at 1.7268 (horizontal pullback support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level to our major resistance at 1.7443 (38.2% Fibonacci retracement). Stochastic (34,5,3) is also approaching our support where we might see a bounce in price. Trading CFDs on margin carries […]

  • Summary

    We are seeing a nice setup on NZDUSD and CADCHF as it is approaching resistance where we are expecting a drop below this level. CADJPY bounced nicely to our first resistance level: https://www.tradingview.com/chart/CADJPY/MEUeRWHv-CADJPY-approaching-support-potential-bounce/

  • Key economic events and reports of the upcoming week

    Monday, March 11, 2019 – Core Retail Sales (MoM) (Jan)(USD), Retail Sales (MoM) (Jan)(USD).

  • Gloomy world growth forecasts dent oil consumption outlook

    The head of ECB Mario Draghi, said during the meeting on Thursday that the economy was going through a “period of weakness and widespread uncertainty”, spooking equity investors and drawing capital flows to fixed-income securities.

  • Chinese exports show Lunar Year celebration came at a price for the economy

    With the data on foreign trade for February, China has decisively emerged as the leading source of gloomy economic headlines.

  • CADCHF approaching resistance, potential drop!

    CADCHF is approaching our first resistance at 0.7544 (horizontal pullback resistance, 50% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.7502 (50% Fibonacci retracement). Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries […]

  • EURNZD approaching resistance, potential drop!

    EURNZD is approaching our first resistance at 1.6606 (horizontal pullback resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.6561 (61.8% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure. Trading CFDs on margin carries high risk. Losses […]