• Fed hikes rate signaling confidence about economic conditions

    Federal Reserve hiked the rate following results of the meeting on Wednesday, while crossing out wording related to post-crisis measures from the official commentary.

  • Euro Could Head Up After Powell’s Speech

    Jerome Powell’s speech about the Fed altering the balance sheet reduction in case the need arises caused the US Dollar to drop market wide despite release of the great employment data.

  • Brunson’s upcoming release sends relief waves to USDTRY

    Turkish currency strengthened against the dollar on Friday, the eve of the hearing on the case of American pastor Andrew Brunson who was arrested in Ankara. The diplomatic spat following Brunson’s detention ruined relations between the United States and Turkey.

  • Is the Russian Ruble About to Head Up?

    Today we discuss what Russian currency is now up to. We also review the current state of Euro and cross rate of EUR/GBP.

  • Gold Expected to Rally Further

    Today we are seeing a nice setup on XAUUSD as it bounced off our first support and we are expecting a further rally up to our major resistance target. GBPUSD is also seeing a nice setup as price is approaching a strong area of resistance and we are expecting a drop to our major support […]

  • USDJPY is approaching resistance, potential drop!

    Price is approaching our first resistance at 109.73 (horizontal swing high resistance, 50% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 108.30 (horizontal swing low support, 23.6% Fibonacci retracement, 100% Fibonacci extension) which coincides with our short term ascending support line. Stochastic (55,5,3) is also […]

  • CHFJPY on major support, prepare for a possible bounce!

    CHFJPY is testing major support at 115.89 (Fibonacci retracement, horizontal overlap support, Fibonacci extension, Elliott wave structure) and a bounce could occur at this level to drive price up to at least 117.05 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (55,5,3) is seeing major support above 1.5% where a corresponding bounce could occur. Trading CFDs […]

  • Is USDRUB about to head up?

    We discuss the mid-term course of the Russian Ruble and consider where the Canadian and New Zealand dollars are heading.

  • CADCHF on major channel resistance, possible further drop

    CADCHF is now testing our long term channel resistance once again and a further drop could occur from this level as it has respected the channel so well so far. Our 1st resistance is at 0.7438 (Fibonacci retracement, horizontal overlap resistance) and our next support is all the way down at 0.7368 (Fibonacci extension). Trading […]

  • GBPAUD approaching major resistance, prepare for a strong reaction!

    GBPAUD is approaching major resistance at 1.7974 (ABC Fibonacci extension, 61.8% Fibonacci extension, horizontal swing high resistance) and a strong reaction could occur at this level to push price down towards 1.7439 (Fibonacci retracement, Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance below 96% where a corresponding reaction could occur. Trading […]

  • Is EURUSD about to approach a crucial level?

    We discuss what crucial point the EURUSD pair has reached and ponder what’s going to happen with the New Zealand dollar.

  • AUDJPY approaching resistance, potential drop!

    AUDJPY is approaching our first resistance at 78.89 (horizontal pullback resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 74.74 (50% Fibonacci retracement). Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs […]

  • 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 […]

  • Summary

    We see a nice set up today for GBPJPY as it reversed nicely off its channel resistance where it could potentially drop to its support. Stochastic has also reversed nicely off its resistance. Another nice set up today would be the CADCHF that is being held by its descending resistance line where we see it […]

  • Silver approaching supply area, could a reversal occur?

    Price is approaching an area of resistance at 16.31 (38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal pullback resistance) and a strong reaction could occur at this level. Our next level of major resistance is at 16.63 (38.2% Fibonacci retracement, horizontal pullback resistance) and our next major level of support is at 15.62 (Fibonacci extension, horizontal […]