• NZDUSD has started to break out major support level, watch for a possible drop!

    NZDUSD is starting to break our major support-turned-resistance level at 0.7276 and a strong drop could occur from here to push price towards 0.7184 support (Fibonacci retracement, horizontal overlap support). We require a stronger close below our 1st support level at 0.7276 to add further conviction to the bearish setup. Trading CFDs on margin carries […]

  • AUDNZD approaching resistance, potential drop!

    AUDNZD is approaching our first resistance at 1.0636 (horizontal overlap resistance, 50% Fibonacci retracement) 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 1.0556 (horizontal swing low support). A breakout of our intermediate support at 1.0596 (horizontal swing low […]

  • Saudi Arabia prepares more drilling capacities to offset market imbalances

    Saudi Arabia’s state-owned oil and gas company Saudi Aramco will increase oil production capacity by about 550,000 barrels per day in the fourth quarter of this year, which will allow it to increase production if needed, a source said.

  • 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 […]

  • New economic data is expected to shake the markets

    The oil market has focused on talks between the US, Japan and South Korea, which are discussing creating a common “black list” which will include Iran.

  • USDCHF testing support, potential rise!

    USDCHF is testing our first support at 0.9578 (horizontal overlap support) and a strong bounce might occur above this level, pushing price up to our major resistance at 0.9667 (horizontal swing high resistance, 61.8% Fibonacci extension). RSI (55) has also bounced off its major support which might be a good precursor for a potential rise […]

  • EURUSD approaching strong resistance, prepare for a potential reaction.

    EURUSD is approaching strong resistance at 1.2365 (Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to push prices down to major support at 1.2165 (Fibonacci extension, major horizontal swing low support). Stochastic (34,5,3) is seeing major resistance at 95% and a corresponding reaction could occur at this level. Trading […]

  • EURUSD reacting off resistance, further potential drop!

    EURUSD has reacted off our first resistance at 1.2285 (horizontal overlap resistance) and a further drop might occur below this level, pushing price down to our major support at 1.2238 (horizontal swing low support). RSI (89) is also approaching our descending resistance line and a reaction of this level might be a good precursor of […]

  • 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.

  • EURUSD approaching its support, potential for a bounce!

    EURUSD approaching its support at 1.2260 (61.8% Fibonacci retracement, horizontal overlap support). We have also identified an impulsive Elliot Wave, where price could potentially rise to its 1st resistance at 1.2346 (horizontal pullback resistance) or if it breaks past this level, could potentially rise further to its 2nd resistance at 1.2411 (horizontal swing high resistance). […]

  • Oil is going down, gold may go up

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

  • NZDUSD has reached our resistance target, potential upcoming drop!

    NZDUSD has bounced up perfectly from our 1st support and reached our major resistance from Friday. We’re now seeing major resistance at 0.7276 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and a strong drop could occur from this level to push price down to at least 0.7186 support (Fibonacci extension, horizontal swing low support). Stochastic […]

  • NZDJPY has made a bullish exit, potential for strong rally!

    NZDJPY has made a bullish exit of our descending channel and could rally strongly from here. A strong rally could occur above major support at 77.66 (Fibonacci retracement, horizontal overlap support, breakout level) towards 79.24 resistance (Fibonacci retracement, horizontal overlap resistance). RSI (89) has made a similar bullish exit signaling a change in momentum from […]

  • EURAUD seeing strong bullish support, potential for further rise.

    EURAUD is seeing strong ascending support maintain our bullish momentum. We’re also seeing strong horizontal overlap support at 1.5799 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) and a bounce could occur at this level to push price back up to 1.5951 once again (Fibonacci extension, horizontal swing high resistance). Stochastic (55,5,3) is seeing strong support […]

  • BTCUSD testing multiple resistances, possible bearish setup!

    BTCUSD is now testing multiple resistances (long term pullback to descending support-turned-resistance level, shorter term descending resistance, horizontal pullback resistance, Fibonacci retracement) and a reaction could occur from this level to drive prices down to 5763 support (Fibonacci extension, horizontal swing low support). RSI (34) sees a long term descending resistance line hold price down […]