NZDUSD approaching resistance at 0.6619 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse back down to its support at 0.6562 (50% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
GBPUSD reversed off its resistance at 1.3164 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could drop further to its support at 1.3065 (horizontal swing low support).
Stochastic (55, 5, 3) reversed off its resistance at 97% where a corresponding drop could occur.
NZDJPY is approaching its resistance at 74.13(61.8% Fibonacci extension x2, 38.2%, 61.8% & 23.6% Fibonacci retracement, horizontal overlap resistance) where it could reverse down to its support at 73.15 (50% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
EURUSD is approaching its support at 1.1607 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1.1672 (61.8% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching its support at 2.8% where a corresponding bounce could occur.
XAUUSD bounced nicely off its support at 1193(100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1204 (61.8% Fibonacci retracement).
Stochastic (55, 5, 3) is bounced off its support at 5.6% where a corresponding rise could occur.
NZDUSD bounced nicely off its support at 0.6540 (61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.6572 (61.8% Fibonacci retracement).
Stochastic (89, 5, 3) is bounced off its support at 3.6% where a corresponding rise could occur.
EURCHF is approaching its support at 1.1244 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where price could bounce up to its resistance at 1.1303 (61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is testing its support at 1.91% where a corresponding bounce could occur.
Weekly Gain/Loss: +0.61%
Weekly Close: 1.1621
Weekly perspective:
Although the EUR/USD squeezed out a gain last week, demand for the single currency diminished as the unit shook hands with the underside of a notable resistance area coming in at 1.1717-1.1862. Capping upside in the months of May, June and July of this year, this area certainly has potential! The...
NZDJPY is approaching its resistance at 74.11 (61.8% Fibonacci extensionx2, 61.8%, 23.6%, 38.2% Fibonacci retracement, horizontal overlap resistance) where it could potentially fall to its support at 73.11 (50% Fibonacci retracement, horizontal overlap support).
Stochastic (89, 5, 3) is also approaching its resistance at 98% where a corresponding reversal could occur.
GBPAUD is approaching its support at 1.8052(100% Fibonacci extension, 50% & 38.2% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 1.7947 (61.8% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching its support at 5.9% where a corresponding bounce could occur.
USDCAD is approaching its support at 1.2966(61.8% Fibonacci extension x3, 76.4% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 1.3039 (23.6% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching its support at 2.7% where a corresponding bounce could occur.
EURUSD is approaching its resistance at 1.1656 (100% & 61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could reverse down to its support at 1.1567(61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding...
AUDUSD is approaching its resistance at 0.7212(100% & 61.8% Fibonacci extension, 38.2% & 23.6% Fibonacci retracement, horizontal overlap resistance) where it could reverse down to its support at 0.7130 (61.8% Fibonacci retracement, horizontal pullback support).
Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
USDCHF approaching resistance at 0.9758 (100% Fibonacci extension x2, 50% Fibonacci retracement, horizontal swing high resistance) where it could potentially fall to its support at 0.9702 (50% Fibonacci retracement, horizontal pullback support).
Stochastic (89, 5, 3) is approaching resistance at 97% where a corresponding reversal could occur.
GBPJPY reversed off its resistance at 145.64 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could drop further to its support at 143.81 (38.2% Fibonacci retracement, horizontal swing low support).
Stochastic (89, 5, 3) reversed off its resistance at 96% where a corresponding drop could occur.
USDJPY reversed off its resistance at 111.64 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance, descending resistance line) where it could drop further to its support at 110.91(61.8% Fibonacci retracement).
Stochastic (55, 5, 3) reversed off its resistance at 97% where a corresponding drop could occur.
CADJPY reversed off its resistance at 85.45 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could drop further to its support at 84.70(50% Fibonacci retracement).
Stochastic (55, 5, 3) reversed off its resistance at 98% where a corresponding drop could occur. A bearish divergence has also been identified that...
USDJPY reversed off its resistance at 111.48 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap resistance) where it could drop further to its support at 110.94 (50% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) reversed off its resistance at 98% where a corresponding drop could occur.
