• Oil is going down, gold may go up

    We discuss why oil may go down next week, and what the gold is up to.

  • Litecoin has made a bearish exit, potential drop!

    LTCUSD has made a bearish exit signaling that we could be seeing a change in momentum from bullish to bearish. We’re seeing 1st major resistance at 215.03 (Fibonacci retracement, horizontal overlap resistance, breakout level) and a strong drop from here could drive price down to 188.20 support (Fibonacci extension, horizontal swing low support). Stochastic (21,5,3) […]

  • Litecoin shooting up nicely, good upside potential!

    Litecoin has shot up nicely after breaking our wedge formation. Our 1st support is at 212.77 (Fibonacci retracement, horizontal overlap support, pullback support) where a further bounce could occur in pushing price up to 264.42 resistance (Multiple Fibonacci retracements, horizontal swing high resistance). Stochastic (21,5,3) is seeing strong ascending support hold up our bullish momentum […]

  • AUDUSD right on pullback resistance, watch for a further drop!

    AUDUSD has broken our major ascending support line triggering further bearish momentum! We’re seeing 1st resistance at 0.8046 (Fibonacci retracement, horizontal overlap resistance) where a strong drop could occur from to push price down to 0.7958 support (Fibonacci retracement, horizontal swing low support). RSI (34) remains under bearish pressure from our descending resistance line although […]

  • GBPJPY reversed nicely off its resistance, potential drop!

    GBPJPY reversed nicely off its resistance at 149.372 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop to its 1st support at 146.167 (L T 61.8% Fibonacci retracement, 76.4% Fibonacci retracement) or to its 2nd support at 145.140 (Horizontal overlap support). We have also identified another resistance at 150.938 […]

  • AUDUSD breaking out nicely, potential further rise!

    AUDUSD has broken out of our major resistance shooting up strongly. A further rise could occur pushing price all the way up to 0.7902 resistance (Fibonacci retracement, horizontal overlap resistance). Our 1st major support would be 0.7844 (Fibonacci retracement, horizontal overlap support) with our next support at 0.7818. RSI (89) has made a bullish exit […]

  • 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, […]

  • AUDUSD reacted off resistance, further potential drop!

    <img src="http: AUDUSD reacted off its major resistance level at 0.7891 (horizontal overlap resistance, 38.2%, 61.8% Fibonacci retracement, 100% Fibonacci extension). A strong reaction could occur at this level pushing price down to our next major support at 0.7830 (horizontal overlap support, 38.2% Fibonacci retracement, 100% Fibonacci extension). RSI (55) is also approaching its major […]

  • 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 […]

  • Summary

    Today we are seeing a nice setup on XAUUSD as it is testing our first resistance which coincides with our short-term descending resistance line where we expect price to drop below this level to our major support. RSI is also seeing a bearish exit in line with our bearish bias. We are also seeing a […]

  • USDCHF has risen strongly, now testing major resistance!

    USDCHF has risen strongly and is fast approaching major resistance at 0.9466 (Fibonacci extension, horizontal swing high resistance) and a strong reaction could occur at this level to drive price all the way down to 0.9405 support (Fibonacci retracement, horizontal pullback support) before 0.9324 support (Fibonacci retracement, horizontal swing low support). Stochastic (34,5,3) is seeing […]

  • 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 […]

  • GBPAUD testing resistance, potential drop!

    GBPAUD is approaching our short term descending resistance line and first resistance at 1.8470 (horizontal swing high resistance, 100% Fibonacci extension). A strong reaction might occur below that level, pushing price down to our major support at 1.8356 (horizontal overlap support, 38.2% Fibonacci retracement). RSI (89) is also approaching our major resistance and a reaction […]

  • EURAUD approaching resistance, potential drop!

    Price is approaching our first resistance at 1.5849 (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 1.5654 (horizontal overlap support, 38.2% Fibonacci extension). RSI (89) is also seeing a bearish exit and we might see a corresponding […]

  • USDJPY testing resistance, watch for potential drop!

    Price is approaching our first resistance at 107.12 (61.8%, 100% Fibonacci extension, horizontal swing high resistance, 23.6% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 106.16 (horizontal swing low support, 61.8% Fibonacci extension). Stochastic (21,5,3) is approaching our major resistance and we might see a […]