• 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 […]

  • EURGBP approaching support, watch for potential bounce!

    Price is approaching our first support at 0.8687 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) and a strong bounce might occur above this level, pushing price up to our major resistance at 0.8749 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is approaching our major support where a […]

  • NZDUSD testing major support once again!

    NZDUSD is testing major support once again at 0.7278 (Fibonacci retracement, fibonacci extension, horizontal overlap support) and a bounce could occur at this level to push price up to at least 0.7346 resistance (Fibonacci retracement, horizontal swing high resistance) We do have to be wary of the descending resistance line and only a break of […]

  • EURJPY bounced off major support, potential rise!

    EURJPY has bounced off its major support at 130.96 (50% Fibonacci retracement, horizontal swing low support, 100% Fibonacci extension). A strong reaction could occur at this level pushing price up to our next major resistance at 131.89 (horizontal overlap resistance, 61.8% Fibonacci retracement). A breakout of its short term ascending pullback resistance line would provide […]

  • GBPJPY is approaching support, potential bounce!

    GBPJPY is approaching our first support at 150.64 (horizontal overlap support, 38.2% Fibonacci retracement) which coincides with our short term ascending support line. A strong bounce might occur above this level, pushing price up to our major resistance at 152.17 (horizontal overlap resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also bouncing off […]

  • AUDJPY approaching first resistance, potential drop!

    AUDJPY is approaching our first resistance at 82.59 (horizontal swing high resistance, 61.8% Fibonacci retracement) and a strong reaction could occur at this level pushing price down to our major support at 81.94 (horizontal overlap support, 38.2% Fibonacci retracement). A breakout below our short term ascending support line might provide the bearish acceleration to our […]

  • NZDUSD approaching resistance, potential drop!

    NZDUSD is approaching our first resistance at 0.7261 (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). A strong reaction might occur at this level, pushing price down to our major support at 0.7187 (horizontal swing low support, 78.6% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (55,5,3) is also approaching our resistance at 93%, a good […]

  • EURJPY is approaching resistance, potential drop!

    EURJPY is approaching our first resistance at 133.04 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 130.02 (horizontal swing low support, 76.4% Fibonacci retracement). A breakout below our intermediate support level at 131.78 (horizontal overlap support, 61.8% Fibonacci […]

  • AUDUSD testing major resistance, potential drop!

    AUDUSD is testing major resistance at 0.7890 (Fibonacci retracement, horizontal overlap resistance, bearish divergence) and a strong reaction could occur from here to push prices down to 0.7775 (Fibonacci retracement, horizontal swing low support, Fibonacci extension). Stochastic (55,5,3) is seeing major resistance at 95% and a corresponding reaction could occur at this level. Trading CFDs […]

  • Bund has made a bullish exit, potential for further rise!

    Bund has made a bullish exit and sees major support at 159.26 (Fibonacci retracement, horizontal overlap support). A strong rise could occur from here pushing price up to 160.65 resistance (Fibonacci retracement, horizontal pullback resistance). RSI (34) has made a bullish exit signaling that there’s a change in momentum from bearish to bullish. Trading CFDs […]

  • AUDJPY approaching resistance, watch for breakout!

    AUDJPY is approaching our first resistance at 82.50 (horizontal overlap resistance, 50% Fibonacci retracement). A breakout above this level might cause a strong rally up to our second resistance at 83.56 (horizontal pullback resistance, 76.4% Fibonacci retracement). Price also broke the long term descending resistance-turned-support line and we are also seeing a bullish exit from […]

  • EURUSD approaching support, potential rise!

    Price is approaching our first support at 1.230 (horizontal overlap support, 61.8% Fibonacci extension, 50% Fibonacci retracement) and a strong bounce might occur, pushing price up to our major resistance at 1.2421 (horizontal swing high resistance, 78.6% Fibonacci retracement, 61.8% Fibonacci extension). A breakout above our intermediate resistance at 1.2378 (horizontal swing high resistance, 61.8% […]

  • 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 […]

  • 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 […]

  • Ripple is testing major resistance, potential for a strong drop!

    XRPUSD is testing major resistance at 0.8320 (Fibonacci retracement, horizontal overlap resistance) and a strong drop could occur from here to push prices down to 0.7461 support (Fibonacci extension, horizontal swing low support). Our next major resistance is at 0.8756 (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,5,3) is seeing strong resistance below 90% where a […]