• NZDUSD approaching support, potential bounce!

    NZDUSD is approaching our first support at 0.6992 (horizontal overlap support, 38.2%, 61.8% Fibonacci retracement, 100% Fibonacci extension) where price might potentially rise our major resistance at 0.7039 (horizonal swing high resistance, 61.8% Fibonacci retracement). Stochastic (55,5,3) is also approaching our support where a bounce off this level might see a corresponding rise in price. […]

  • USDCHF approaching resistance, potential drop!

    USDCHF is approaching our first resistance at 0.9891 (horizontal swing high resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) and price might potentially drop to our major support at 0.9840 (horizontal swing low support, 50% Fibonacci retracement, 100% Fibonacci extension). Stochastic (55,5,3) is also approaching our resistance and a reaction off this level might see a […]

  • The dollar jumps to a three week high after a positive start to the US – N.Korea Summit

    The dollar jumped to a three-week high, thanks to a positive start to the US and North Korean summit in Singapore.

  • Summary

    Today we are seeing a nice setup on GBPAUD as it is approaching its resistance and we are expecting a drop below this level. RSI is also seeing a bearish exit in line with our bearish bias. We are also seeing a nice setup on NZDJPY as it is approaching its resistance where we are […]

  • EURAUD approaching resistance, potential drop!

    EURAUD is approaching our first resistance at 1.5468 (horizontal pullback resistance, 23.6% Fibonacci retracement) and a strong reaction might occur below this level pushing price down to our major support at 1.5402 (horizontal overlap support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish […]

  • GBPAUD approaching resistance, potential drop!

    GBPAUD is approaching our first resistance at 1.7593 (horizontal overlap resistance, 100% Fibonacci extension, 23.6% Fibonacci retracement) and a strong reaction might occur below this level pushing price down to our major support at 1.7479 (horizontal swing low support, 76.4% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line with our […]

  • AUDJPY approaching resistance, potential drop!

    AUDJPY is approaching our first resistance at 84.78 (horizontal swing high resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement) and a strong reaction might occur below this level pushing price down to our major support at 82.78 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching our resistance and a reaction off this […]

  • NZDJPY approaching resistance, potential drop!

    NZDJPY is approaching our first resistance at 77.62 (horizontal overlap resistance, 61.8% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 76.17 (horizontal pullback support, 50% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (55,5,3) is also approaching our major resistance and a reaction off this level […]

  • The greenback experiences a decline following the G7 meeting

    The results of the weekend’s G7 meeting were completely unsatisfactory for Trump

  • EUR/USD is going up!

    We discuss where the currency pair EUR/USD is going to head and why the rate of EUR/CAD is likely to drop.

  • Summary

    Today we are seeing a nice setup on EURUSD as it is approaching our first resistance where we expect a drop below this level. Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. Stochastic is also approaching our resistance and a reaction off this level might see a potential […]

  • USDCAD approaching resistance, potential drop!

    USDCAD is approaching our first resistance at 1.3040 (horizontal swing high resistance, 61.8% Fibonacci extension) and price might potentially drop below this level to our major support at 1.2898 (horizontal overlap support, 76.4% Fibonacci retracement, short term ascending support line). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. […]

  • GBPUSD approaching support, potential bounce!

    GBPUSD is approaching our first support at 1.3370 (horizontal swing low support, 38.2% Fibonacci retracement) which coincides with our short term ascending support line where a strong bounce might occur, pushing price up to our major resistance at 1.3466 (horizontal swing high resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement). Ichimoku cloud is also showing signs […]

  • AUDUSD approaching resistance, potential drop!

    AUDUSD is approaching our first resistance at 0.7612 (horizontal overlap resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) and is testing our short term ascending pullback resistance line where price might potentially drop to our major support at 0.7561 (horizontal swing low support). RSI (55) is approaching our resistance and a reaction off this level might […]

  • EURUSD approaching resistance, potential drop!

    EURUSD is approaching our first resistance at 1.1826 (horizontal overlap resistance, 61.8% Fiboancci retracement) and price might potentially fall to our major support at 1.1646 (horizontal overlap support, 61.8% Fibonacci retracement). A breakout below our intermediate support at 1.1729 (horizontal overlap support, 38.2% Fibonacci retracement) might provide the bearish acceleration to our major support target. […]