• USDCHF approaching resistance, potential drop!

    USDCHF is approaching our first resistance at 1.0096 (horizontal swing high resistance, 61.8% fiboancci extension, 78.6% fibonacci retracment) and a strong drop might occur pushing price down to our major support at 0.9965 (horizontal swing low support, 100% fiboancci extension, 23.6% fibonacci retracment). Stochastic (55,5,3) is also approaching resistance and we might see a corresponding […]

  • CADCHF approaching support, potential bounce!

    CADCHF is approaching our first support at 0.75901 (Horizontal swing low support, 61.8%, 100% fibonacci extension, 76.4% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 0.76495 (Horizontal swing high resistance, 100% fibonacci extension, 76.4% fibonacci retracement). Stochastic (55,5,3) is also approaching support and we […]

  • Summary

    Today we are seeing a nice setup on CADCHF and EURUSD as it is approaching support where we expect a bounce above this level. Here are some of our nice calls previously: USDCHF dropped perfectly from our first resistance: https://www.tradingview.com/chart/USDCHF/XBWZ93IJ-USDCHF-approaching-resistance-potential-drop/ AUDCHF dropped perfectly from our first resistance: https://www.tradingview.com/chart/AUDCHF/1gbDMjUq-AUDCHF-approaching-resistance-potential-drop/

  • Key economic events and reports of the upcoming week

    Tuesday, November 13, 2018 – Average Earnings Index +Bonus (Sep)(GBP), German ZEW Economic Sentiment (Nov)(EUR).

  • “Hard Brexit” probability rises as key issues remain unresolved

    Less than five months before the official divorce of Britain and the EU, there remains a 25 percent chance that the parties will not be able to conclude on an agreement on Brexit terms, according to an economist survey conducted by Reuters this week.

  • Global demand for dollar accelerates as the Fed is firm on tightening plans

    The Fed meeting was held on Thursday without changing any of the key parameters and despite expectations for the Fed’s steadiness in the matter of policy tightening, the regulator reached a peak of complacency as soft remarks started to gradually feed into the rhetoric.

  • USDCHF approaching resistance, potential drop!

    USDCHF is approaching our first resistance at 1.0096 (horizontal swing high resistance, 61.8% Fibonacci extension, 78.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.9965 (horizontal swing low support, 100% Fibonacci extension, 23.6% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might […]

  • AUDCHF approaching resistance, potential drop!

    AUDCHF is approaching our first resistance at 0.7315 (horizontal pullback resistance, 61.8%, 76.4% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 0.7217 (horizontal pullback support, 61.8% Fibonacci extension, 23.6% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading […]

  • NZDUSD approaching support, potential bounce!

    NZDUSD is approaching our first support at 0.6724 (horizontal pullback support, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur pushing price up to our major resistance at 0.6831 (horizontal swing high resistance, 38.2%, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (21,5,3) is also approaching support and we might see a corresponding […]

  • USDJPY approaching support, potential bounce!

    USDJPY is approaching our first support at 113.85 (horizontal overlap support, 23.6%, 50% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 114.21 (horizontal pullback resistance, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias. Trading […]

  • Summary

    Today we are seeing a nice setup on USDCHF and AUDCHF where they are approaching resistance where we are expecting a bounce above this level. Here are some of our nice calls previously: CHFJPY reversed perfectly below our first resistance and is approaching our major support target: https://www.tradingview.com/chart/CHFJPY/EOuYj60a-CHFJPY-approaching-resistance-potential-drop/ GBPCAD reversed perfectly below our first resistance […]

  • Fierce Democrat opposition to Trump creates upward pressure in the US stock market

    US stock market recorded a surge in buying interest on Wednesday, thanks to rumors that a counterbalance to Trump’s policy from the Democrats may turn out to be more bitter than expected.

  • Is EUR/USD about to drop?

    Today we discuss what is going to happen with the currency pair EUR/USD. We also review the current status of Kiwi and American index S&P500 that has literally gone nuts on the chart.

  • Strengthening of the Democrats sends relief waves over the US stock market

    US Congress elections were deemed as the main source of “headwinds” for Trump’s somewhat reckless policies, so the market was in no hurry to make guesses on the long-term consequences of the president’s threats and initiatives, betting on the temporary freedom of White House’s power.

  • EURUSD approaching resistance, potential drop!

    EURUSD is approaching our first resistance at 1.1453 (horizontal overlap resistance, 100% fibonacci extension, 50% fiboancci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.1301 (horizontal swing low support, 61.8% fibonacci extension). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop […]