• GBPJPY approaching support, potential rise!

    GBJPY is approaching our first support at 147.90 (horizontal overlap support, 100% Fibonacci extension, 76.4% Fibonacci retracement, Elliot wave structure) which coincides with our short term ascending support line. A strong bounce might occur at this level, pushing price up to our major resistance at 149.30 (61.8% Fibonacci retracement, horizontal overlap resistance). Stochastic (55,5,3) is […]

  • AUDNZD approaching resistance, potential drop!

    AUDNZD is approaching our first resistance at 1.0691 (38.2% Fibonacci retracement, horizontal overlap resistance). A strong reaction might occur at this level pushing price down to our major support at 1.0637 (horizontal swing low support, 61.8% Fibonacci extension). A breakout of our intermediate support level at 1.0657 (horizontal overlap support) might provide further bearish acceleration […]

  • USDJPY approaching resistance, potential drop!

    USDJPY is approaching our first resistance at 105.25 (horizontal pullback resistance, 100% Fibonacci extension, 23.6%, 38.2%, 50% Fibonacci retracement). A strong reaction might occur at this level, pushing price down to our major support level at 104.65 (horizontal swing low support). Stochastic (21,5,3) is also bouncing off its major support at 5.5%, in line with […]

  • An overview of the Fed meeting

    The US dollar extended losses after the Fed meeting, as the four rate hike rumours were not confirmed by economic forecasts or Powell’s comments. The expectations about Trump’s announcement of the tariff plan forced investors to cut wagers on the Asian stocks.

  • AUDUSD approaching major resistance, potential drop!

    AUDUSD is approaching our first major resistance at 0.7773 (38.2% Fibonacci retracement, horizontal overlap resistance). A strong reaction might occur at this level pushing price down to our major support at 0.7678 (horizontal swing low support). Stochastic (21,5,3) has also reacted off its major resistance at 95% and we might see a corresponding drop in […]

  • GBPUSD approaching major resistance, potential drop!

    GBPUSD is approaching our first major resistance at 1.4200 (76.4% Fibonacci retracement, 61.8%, 100% Fibonacci extension). A strong reaction might occur at this level pushing price down to our major support at 1.3997 (horizontal overlap support, 38.2%, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) which coincides with our short term ascending support line. Stochastic (89,5,3) is […]

  • GBPJPY reacted off resistance, further potential drop!

    GBPJPY reacted off our first resistance at 150.0 (horizontal swing high resistance, 100% Fibonacci extension). A strong reaction might occur pushing price down to our major support at 147.92 (horizontal swing low support, 61.8% Fibonacci extension). A breakout of our intermediate support level at 148.58 (horizontal overlap support, 50% Fibonacci retracement) might provide further bearish […]

  • USDJPY approaching support, potential bounce!

    USDJPY is approaching our first support at 105.63 (horizontal swing low support, 61.8% Fibonacci extension, 78.6% Fibonacci retracement). A strong bounce might occur at this level pushing price up to our major resistance at 106.64 (horizontal swing high resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension). A breakout of our intermediate resistance level at 106.08 (Horizontal […]

  • Is the Euro finally in a bearish state?

    The Euro seems to be shaking off it’s bullish momentum today, and transferring it on the Dollar instead.

  • AUDUSD approaching resistance, potential drop!

    AUDUSD is approaching our first resistance at 0.7712 (horizontal overlap resistance, breakout level) and a strong reaction might occur, pushing price down to our major support at 0.7503 (horizontal swing low support, 78.6% Fibonacci retracement, 100% Fibonacci extension). We need to watch for a break out of our intermediate support level at 0.7652 (horizontal overlap […]

  • NZDUSD broke out of support, potential drop!

    NZDUSD broke out of its short term ascending pullback resistance line and is currently testing our first resistance level at 0.7186 (horizontal overlap resistance). A strong reaction might occur at this level pushing price down to our intermediate support level at 0.7109 (50% Fibonacci retracement, 100% Fibonacci extension). Should price break out of this level, […]

  • AUDNZD reacted off resistance, potential drop!

    AUDNZD is approaching its major resistance at 1.0729 (horizontal swing high resistance, 61.8%, 76.4% Fibonacci retracement, 61.8%, 100% Fibonacci extension) which coincides with the short term descending resistance line. A strong reaction might occur at this level pushing price down to our major support at 1.0634 (61.8% Fibonacci extension, horizontal swing low support). Prices might […]

  • GBPJPY reacted off resistance, potential drop!

    GBPJPY reacted off its first resistance level at 149.71 (78.6% Fibonacci retracement, horizontal swing high resistance, 61.8% Fibonacci extension). A strong reaction might occur at this level pushing price down to our major support at 147.01 (Horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). A break out of its intermediate support at 148.58 […]

  • Is there excessive optimism on the market?

    Investors are selling short-term bonds from the beginning of the week, as they are expecting an increase in the loans rate.

  • GBPUSD approaching support, potential rise!

    GBPUSD is approaching first support at 1.3997 (horizontal pullback support, 23.6% Fibonacci retracement, 100% Fibonacci extension). A strong reaction could occur at this level, pushing price up to our second resistance at 1.4148 (76.4% Fibonacci retracement, horizontal swing high resistance). A breakout of our first resistance at 1.407 would provide a further bullish signal. RSI […]