DXY is approaching its resistance at 97.33 (78.6% Fibonacci retracement , horizontal swing high resistance, Elliott Wave ) where it could reverse down to its support at 96.74 (38.2% Fibonacci retracement , horizontal pullback support).
Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
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AUDJPY is approaching its resistance at 79.34(100% Fibonacci extension , horizontal swing high resistance) where it could reverse down to its support at 78.788 (38.2%Fibonacci retracement ).
Stochastic (34, 5, 3) is approaching its resistance at 93% where a corresponding reversal is expected.
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CADJPY is approaching its resistance at 83.336(100% Fibonacci extension , horizontal pullback resistance, 61.8% Fibonacci retracement) where it could reverse down to its support at 82.701 (38.2%Fibonacci retracement , horizontal pullback support).
Stochastic (34, 5, 3) is approaching its resistance at 95% where a corresponding reversal is expected.
Kiwi index is approaching its resistance at 6.9707 (61.8% Fibonacci retracement , horizontal swing high resistance, 100% Fibonacci extension ) where it could reverse down to its support at 6.9256 (50% Fibonacci retracement)
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
Kiwi index is approaching its support at 6.8837 (100% Fibonacci extension , 61.8% & 50% Fibonacci retracement , horizontal swing low0 support) where it could potentially bounce to its resistance at 6.9397 (38.2% Fibonacci retracement , 61.8% Fibonacci extension , horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching its support at 3.6% where a...
DXY is approaching its resistance at 97.29 (78.6% Fibonacci retracement , horizontal swing high resistance, Elliott Wave ) where it could reverse down to its support at 96.74 (38.2% Fibonacci retracement , horizontal pullback support). Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
USDCAD is approaching its resistance at 1.3466(61.8% *2 Fibonacci extension, horizontal swing high resistance, bearish divergence) where it could reverse down to its support at 1.3355 (50% Fibonacci retracement, horizontal overlap support).
Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
NZDJPY is approaching its resistance at 75.44(61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback resistance) where it could reverse down to its support at 74.92 (61.8% Fibonacci retracement, horizontal overlap support).
Stochastic (21, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
Dow Jones Industrial Average:
As high-level trade talks kicked-off in Beijing, US stocks advanced Thursday with the DJIA ending the session up 0.44%.
Looking at technical structure on the weekly timeframe, since early February traders have called a block of resistance at 26248-25834 home. Last week’s response from this barrier was of notable strength, closing...
AUDUSD is approaching its support at 0.7045 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.7095 (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 2.1 where a corresponding bounce could occur.
NZDUSD is approaching its support at 0.6724 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.6816 (50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching its support at 1.9 where a corresponding bounce could occur.
GBPJPY is approaching its support at 144.07 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 145.47 (61.8% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching its support at 4.1 where a corresponding bounce could occur.
XAU/USD (GOLD):
Spot gold ceded further ground to its US counterpart Wednesday, down 0.45%. Despite clocking a session high at $1319.3, the yellow metal failed to preserve its upside presence, forcing the H4 below its channel support (taken from the low $1280.4).
The break of the current H4 channel support (now likely to offer resistance) has an initial...
GBPAUD is approaching its support at 1.8361 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.8663 (61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 5.2% where a corresponding bounce could occur.
GBPJPY reversed off its resistance at 146.47 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it is could drop further to its support at 144.63 (horizontal swing low support).
Stochastic (89, 5, 3) reversed off its resistance at 97% where a corresponding drop could occur.
XAUUSD is approaching its resistance at 1322.33 (100% & 61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is could reverse down to its support at 1312.39 (61.8% Fibonacci retracement, horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected.
XAU/USD (GOLD):
XAU/USD bulls, as you can see, lost their flavour at highs of 1324.5 Monday, peaks not seen since late February. Erasing 0.48% Tuesday, the price of gold fell sharply from the underside of a daily supply zone coming in at 1333.1-1323.4, which houses within it a Quasimodo resistance level at 1326.3. This supply commands additional weight in that we...
By all counts, it was a somewhat subdued session Tuesday, ranging no more than forty points on the day (+0.21%). February’s opening level at 0.9939 on the H4 timeframe, as you can see, served as reasonably strong resistance. Overhead, we have a nearby resistance (broken Quasimodo support-turned resistance) at 0.9962, shadowed closely by March’s opening level at...
