• AUDJPY is testing resistance, potential drop!

    AUDJPY is testing our first resistance at 81.86 (horizontal overlap resistance, 100% Fibonacci extension, 38.2%, 61.8% Fibonacci retracement) which coincides with the long term descending resistance line. A strong reaction might occur at this level pushing price down to our major support at 80.95 (Horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement). A […]

  • NZDUSD is approaching resistance, potential drop!

    NZDUSD is approaching our first resistance at 0.7304 (horizontal overlap resistance, 76.4% Fibonacci retracement, 100% Fibonacci extension) which coincides with our long term descending resistance line. A strong reaction might occur at this level pushing price down to our major support at 0.7230 (50% Fibonacci retracement, horizontal swing low support). A breakout of our intermediate […]

  • USDJPY watch for breakout!

    USDJPY broke out of its horizontal resistance-turned-support level at 105.60 (horizontal overlap support, breakout level). A strong bounce could occur at this level pushing price up to our major resistance at 106.67 (horizontal swing high resistance, 76.4% Fibonacci retracement, 100% Fibonacci extension) which coincides with the long term descending resistance line. A breakout of our […]

  • AUDNZD approaching resistance, potential drop!

    AUDNZD is approaching our first resistance at 1.0627 (23.6%, 38.2% Fibonacci retracement, horizontal overlap resistance, 100% Fibonacci extension). A strong reaction might occur at this level pushing price down to our major support level at 1.0516 (61.8%, 100% Fibonacci extension, Elliot wave structure). A breakout of our intermediate support at 1.0586 (horizontal swing low support) […]

  • Is the Canadian Dollar about to go down?

    We discuss what’s going to happen with EURGBP and the cross rate of USDCAD.

  • NZDUSD approaching support, potential bounce!

    NZDUSD is approaching our first support at 0.7260 (horizontal overlap support, 23.6% Fibonacci retracement, breakout level). A strong bounce might occur at this level, pushing price up to our major resistance at 0.7323 (100% Fibonacci extension, horizontal overlap resistance, 78.6% Fibonacci retracement). A breakout of our intermediate resistance level at 0.7279 (horizontal overlap resistance, 61.8% […]

  • USDJPY approaching resistance, potential drop!

    USDJPY is approaching our first resistance at 105.27 (horizontal overlap resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension). A strong reaction might occur at this level, pushing price down to our major support at 104.63 (100% Fibonacci extension, horizontal swing low support). RSI (34) is also approaching our major resistance line at 54%, in line with […]

  • GBPUSD approaching support, potential rise!

    GBPUSD is approaching our first support at 1.4126 (horizontal overlap support, breakout level) which coincides with our short term ascending support line. A strong bounce might occur at this level, pushing price up to our major resistance level at 1.4281 (horizontal swing high resistance, 61.8%, 100% Fibonacci extension, Elliot wave structure). A breakout of our […]

  • AUDNZD approaching support, potential rise!

    AUDNZD is approaching our first support at 1.0623 (horizontal swing low support, 100% Fibonacci extension). A strong bounce might occur at this level pushing price up to our major resistance at 1.0691 (50% Fibonacci retracement, horizontal overlap resistance, 61.8% Fibonacci extension). A breakout of our intermediate resistance at 1.0657 (horizontal overlap resistance, 23.6% Fibonacci extension) […]

  • Key economic reports of the upcoming week

    Tuesday, March 27, 2018 – CB Consumer Confidence (Mar)(USD). Wednesday, March 28, 2018 – GDP (QoQ) (Q4)(USD), Pending Home Sales (MoM) (Feb)(USD), Crude Oil Inventories(Oil). Thursday, March 29, 2018 – German Unemployment Change (Mar)(EUR), GDP (YoY) (Q4)(GBP), GDP (MoM) (Jan)(CAD). Friday, March 30, 2018 – Good Friday holiday Saturday, March 31, 2018 – Manufacturing PMI […]

  • Japan is causing trouble for the cryptocurrency

    The Japanese regulator issued a warning to the Hong Kong-based exchange for providing services to Japanese residents without a license.

  • Investors are worried about the trade wars

    The US President fulfilled his promise to “punish” China for an unfair trade policy and signed a resolution on the tariff introduction on Thursday. Beijing promised that in the likely event of a trade war, they will fight till the end.

  • BTCUSD approaching support, potential rise!

    BTCUSD is approaching our first major support at 8347.1 (38.2% Fibonacci retracement, 61.8% Fibonacci extension, Horizontal overlap support). A strong bounce could occur at this level, pushing price up to our major resistance at 9492.3 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance). A breakout of our intermediate resistance levels might provide further […]

  • 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 […]