• AUDUSD testing resistance, potential drop!

    AUDUSD is testing our first resistance at 0.7774 (horizontal overlap resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level, pushing price down to our major support at 0.7650 (horizontal swing low support). Stochastic (89,5,3) is also approaching our major resistance and is a good precursor for a potential […]

  • USDJPY approaching support, potential bounce!

    USDJPY is approaching our first support at 106.655 (horizontal overlap support, 61.8% Fibonacci extension, 50% Fibonacci retracement). A strong bounce might occur above this level, pushing price up to our major resistance at 107.13 (horizontal pullback resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). RSI (55) is also approaching our ascending support line and a bounce […]

  • EURUSD approaching resistance, potential drop!

    EURUSD is approaching our first resistance at 1.2378 (horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 1.2301 (horizontal overlap support, 61.8% Fibonacci extension, 50% Fibonacci retracement). Stochastic (89,5,3) is also seeing a bearish divergence and is approaching our […]

  • EURJPY approaching resistance, potential drop!

    EURJPY is approaching our first resistance at 132.80 (100% Fibonacci extension, Elliot wave structure). A strong drop might occur at this level, pushing price down to our major support at 131.62 (horizontal overlap support, 38.2% Fibonacci retracement). Stochastic (55,5,3) is approaching our major resistance and we might see a corresponding drop in price should react […]

  • USDX approaching support, potential bounce!

    Price is approaching our first support at 89.57 (horizontal overlap support, 61.8%, 76.4% Fibonacci retracement). A strong bounce might occur at this level, pushing price up to our major resistance at 90.32 (horizontal overlap resistance, 76.4% Fibonacci retracement, 100% Fibonacci extension). A breakout of our intermediate resistance at 90.06 (horizontal pullback resistance, 50% Fibonacci retracement, […]

  • AUDUSD reacting off resistance, further potential drop!

    Price is reacting off our first resistance at 0.7781 (horizontal overlap resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension, long term descending resistance line) and might be pushed down to our major support at 0.7722 (horizontal overlap support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (55,5,3) is also reacting off our major resistance, a good precursor […]

  • Relief rally on the market

    Risk appetite returned to the markets on Tuesday, as the conciliatory tone of Hee at the economic forum in China allowed to believe in the retreat of global risks.

  • EURAUD approaching support, potential bounce!

    Price is approaching our first support at 1.5873 (horizontal swing low support, 61.8% Fibonacci extension) which coincides with our long term ascending support line. A strong bounce might occur at this level, pushing price up to our major resistance at 1.6072 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). RSI (89) is also […]

  • USDCAD testing support, potential rise!

    Price is testing our first support at 1.2684 (horizontal pullback support, 50% Fibonacci retracement, 61.8% Fibonacci extension). A strong bounce might occur above this level, pushing price up to our major resistance at 1.2837 (horizontal overlap resistance, 61.8% Fibonacci retracement). Stochastic (55,5,3) is also approaching our major support and a bounce off this level might […]

  • USDX testing support, potential rise!

    Price is testing our first support at 89.77 (Horizontal swing low support, 50% Fibonacci retracement, 100% Fibonacci retracement) and a strong bounce might occur at this level, pushing price up to our major resistance at 90.28 (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (55,5,3) is also approaching our major support and we […]

  • EURJPY approaching resistance, potential drop!

    EURJPY is approaching our first resistance at 132.41 (horizontal swing high resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement) and a strong reaction might occur at this level, pushing price down to our major support at 131.11 (horizontal swing low support, 50% Fibonacci retracement, short term ascending support line). Stochastic (55,5,3) is also seeing a bearish […]

  • Is EUR/USD about to stay still?

    We discuss what’s going on with the EUR/USD and wonder whether Bitcoin will go up.

  • EURJPY is approaching resistance, potential drop!

    EURJPY is approaching our first resistance at 131.62 (horizontal swing high resistance) which coincides with our short term descending resistance line. A strong reaction might occur below this level, pushing price down to our major support at 130.84 (horizontal pullback support, 50% Fibonacci retracement, 61.8% Fibonacci extension) which coincides with our short term ascending support […]

  • EURUSD testing resistance, watch for breakout!

    Price broke out of our short term descending resistance-turned-support line and is testing our first resistance at 1.2288 (horizontal overlap resistance, 100% Fibonacci extension, 23.6% Fibonacci retracement). If price breaks out above this level, a strong rally might occur, pushing price up to our major resistance at 1.2373 (61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal […]

  • GBPUSD testing resistance, potential drop!

    Price is testing our first resistance at 1.4905 (horizontal overlap resistance, 50% Fibonacci retracement, 100% Fibonacci extension). A strong reaction might occur below this level, pushing price down to our major support at 1.3993 (horizontal overlap support, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching our major resistance we might see a corresponding drop in […]