• XAUUSD approaching resistance, potential drop!

    XAUUSD is approaching our first resistance at 1192.86 (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 1185.48 (horizontal overlap support). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. RSI (34) […]

  • Summary

    Today we are seeing a nice setup on XAUUSD and CADJPY where we are approaching resistance where we expect a drop below this level. Here are some of our nice calls previously: USDJPY reversed perfectly below our first resistance and is approaching our majro support target: https://www.tradingview.com/chart/USDJPY/SqkdI7tn-USDJPY-approaching-resistance-potential-drop/

  • Yuan starts to feel the pain of the Chinese economy’s slowdown

    Chinese authorities hiked the exchange reference rate of USDCNY to 6.9019 yuan on Tuesday. From the perspective of traders this became the guidance to short yuan further, which they actually did. This also stirred more concerns about the growing weakness of the Chinese economy.

  • EURAUD is approaching support, potential bounce!

    EURAUD is approaching our first support at 1.6167 (horizontal overlap support, 61.8% Fibonacci extension, 50% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1.6260 (horizontal overlap resistance, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching support and we might see a corresponding rise in […]

  • EURGBP is approaching support, potential bounce!

    EURGBP is approaching our first support at 0.8274 (Horizontal swing low support, 100% Fibonacci extension, 76.4% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 0.8855 (horizontal pullback resistance, 50%, 38.2% Fibonacci retracement, 100% Fibonacci extension). Stochastic (89,5,3) is also approaching support and we might […]

  • EURJPY approaching resistance, potential drop!

    EURJPY is approaching our first resistance at 130.33 (horizontal pullback resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 128.03 (horizontal swing low support, 61.8% Fibonacci retracement). RSI (89) is seeing a bearish exit and we might see a corresponding […]

  • USDJPY approaching resistance, potential drop!

    USDJPY is approaching our first resistance at 113.47 (horizontal pullback resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 112.15 (horizontal overlap support, 100% Fibonacci extension, 50% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line […]

  • Summary

    Today we are seeing a nice setup on USDJPY and EURJPY as it is approaching resistance where we are expecting a drop below this level. Here are some of our nice calls previously: XAUUSD dropped perfectly from our first resistance to hit our major support target: https://www.tradingview.com/chart/XAUUSD/7HS8ulyh-XAUUSD-approaching-resistance-potential-drop/ CHFJPY dropped nicely below our first resistance and […]

  • PBOC RR illustrates deepening problems in the Chinese economy

    The employment situation in the United States continued to develop in September in accordance with the definition of a healthy labor market. The unemployment rate fell by 0.2% to 3.7%, wages increased by 0.3% compared to August. The number of new jobs increased by 134K, which did not meet expectations, but the stability of the dollar after the report proves that the market attributed weakness to the deterioration of weather on the East Coast.

  • Oil seems to be following a downtrend

    Today we discuss what is going on with the oil, silver and British pound.

  • XAUUSD approaching resistance, potential drop!

    XAUUSD is approaching our first resistance at 1197(horizontal pullback resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1193 (horizontal overlap support, 100%, 61.8% Fibonacci extension, 50% Fibonacci retracement). Ichimokucloud is also showing signs of bearish pressure in line with […]

  • USDCHF approaching resistance, potential drop!

    USDCHF is approaching our first resistance at 1.0085 (horizontal swing high resistance, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.9857 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding […]

  • CHFJPY approaching resistance, potential drop!

    CHFJPY is approaching our first resistance at 115.27(horizontal pullback resistance, 23.6% Fibonacci retracement, descending channel resistance) where a strong drop might occur below this level pushing price down to our major support at 113.32 (horizontal overlap support, 50% Fibonacci retracement, 61.8% Fibonacci extension). RSI (89) is seeing a bearish exit and we might see a […]

  • AUDJPY approaching resistance, potential drop!

    AUDJPY broke out of our support at 80.59 (horizontal overlap resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 79.51(horizontal overlap support, 100% Fibonacci extension, 78.6% Fibonacci retracement). RSI (89) is also seeing a bearish exit and we might see […]

  • Summary

    Today we are seeing a nice setup on AUDJPY and CHFJPYas it is approaching resistance where we expect a drop below this level. Here are some of our nice calls previously: CADCHF reversed perfectly below our first resistance and is approaching our major support: