NZDUSD is approaching its support at 0.6721 (61.8% Fibonacci extension, 50% & 23.6% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.6792 (horizontal swing high resistance). Stochastic (89, 5, 3) is approaching its support at 4% where a corresponding bounce could occur.
USDCAD is approaching its resistance at 1.3172 (100% & 61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 1.3102 (61.8% Fibonacci retracement). Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
AUDNZD is approaching its resistance at 1.0761 (61.8% Fibonacci extension, 38.2% Fibonacci retracement) where it could potentially reverse down to its support at 1.0714 (horizontal swing low support). RSI (55, 5, 3) is approaching its resistance where a corresponding reversal could occur.
The US dollar concluded Wednesday’s session marginally higher against its Japanese counterpart, after reaching a peak of 113.81 amid the US mid-term election results.
Recent buying brought weekly action within close proximity of supply at 115.50-113.85. Note this supply has incredibly strong history. Despite strong selling likely residing around the underside...
AUDCAD is testing its resistance at 0.9519 (61.8% Fibonacci extension, 38.2% & 50% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 0.9371 (38.2% Fibonacci retracement, horizontal pullback support). Stochastic (89, 5, 3) is testing its resistance at 96% and there may be bearish divergence with...
AUDJPY is approaching its resistance at 82.31 (100% Fibonacci extension , 38.2% & 61.8% Fibonacci retracement , horizontal swing high resistance) where it could potentially reverse down to its support at 81.36 (23.6% Fibonacci retracement , horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reversal...
EURJPY is approaching its resistance at 130.20 (100% & 61.8% Fibonacci extension , 50% Fibonacci retracement , horizontal swing high resistance) where it could potentially reverse down to its support at 129.42 (23.6% Fibonacci retracement , horizontal pullback support). Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
USDJPY is approaching its resistance at 113.82 (61.8% Fibonacci extension, 76.4% Fibonacci retracement) where it could potentially reverse down to its support at 113.08 (61.8% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
EURGBP is testing its support at 0.8731 (76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.8854 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is testing its support at 2.4% where a corresponding bounce could occur.
GBPCHF is approaching its resistance at 1.3136 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 1.2784 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 96.7% where a...
NZDCAD is approaching its resistance at 0.8778 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 0.8558 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) is approaching its resistance at 98.3% where a...
NZDJPY is approaching its resistance at 75.58 (100% Fibonacci extension, horizontal swing high resistance) where it could potentially reverse down to its support at 73.71 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support). Stochastic (89, 5, 3) is approaching its resistance at 98.8% where a corresponding reversal could occur.
Despite below par UK service PMI data and reports the UK government has imposed a 1-week deadline to resolve the remaining key issues on Brexit with the EU, the GBP/USD ended Monday’s segment marginally on the front foot, up 0.11% (open/close).
Our technical reading shows H4 price is poised to extend recent gains and possibly grapple with its 1.31 handle. Note...
XAUUSD is approaching its resistance at 1239.78 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 1220.38 (61.8% Fibonacci extension, 38.2 Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 95% where a...
CADJPY is approaching its resistance at 86.67 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 85.76 (50% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
GBPAUD is approaching its resistance at 1.8194 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 1.7947 (76.4% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
EURJPY reversed off its resistance at 129.35 (100% Fibonacci extension x3, 76.4% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop further to its support at 128.50 (50% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) reversed off its resistance at 94% where a corresponding drop could occur.
GBPAUD reversed from its resistance at 1.8092 (76.4% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing high resistance) where it could potentially drop to its support at 1.7963 (61.8% Fibonacci retracement, horizontal overlap support).
Stochastic (89, 5, 3) reversed near its resistance at 88%.
