AUDNZD is approaching its resistance at 1.0587 (61.8% Fibonacci retracement , horizontal overlap resistance) where it could potentially reverse down to its support at 1.0520 (50% Fibonacci retracement , horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 94% where a corresponding reversal may occur.
NZDJPY is approaching its support at 76.39 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 77.33 (50% & 38.2% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching its support at 1.05% where a corresponding bounce could occur.
CADCHF is approaching its resistance at 0.7472 (61.8% & 100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where it could potentially to reverse down to its support at 0.7416 (50% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal may occur.
XAUUSD is approaching its support at 1229.87(100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1240.00 (50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching its support at 3.6% where a corresponding bounce could occur.
EUR/USD:
Weekly Gain/Loss: -0.77%
Weekly Close: 1.1303
Weekly perspective:
By way of a reasonably strong-looking bearish engulfing configuration forming just south of resistance priced in at 1.1465 (brings with it a nearby cloned trend line resistance ), the EUR/USD concluded the week in negative territory. Should further downside surface this week, demand...
USDCHF is approaching its resistance at 0.9956 (100% Fibonacci extension, 61.8% Fibonacci retracement, Horizontal swing high resistance) where it could potentially to reverse down to its support at 0.9885 (100% Fibonacci extension, 78.6% Fibonacci retracement).
Stochastic (89, 5, 3) is approaching its resistance at 92% where a corresponding reversal may occur.
CADCHF is approaching its resistance at 0.7474 (61.8% & 100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 0.7416 (50% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal may occur.
AUDNZD is approaching its resistance at 1.0590 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 1.0518 (50% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 93% where a corresponding reversal may occur.
GBPUSD reversed off its resistance at 1.2682 (100% Fibonacci extension , 23.6% Fibonacci retracement , horizontal overlap resistance) where it is could potentially drop further to its support at 1.2561 (61.8% Fibonacci retracement ).
Stochastic (55, 5, 3) reversed off its resistance at 90% where a corresponding drop may occur.
USD/JPY:
USD/JPY bulls went on the offensive Thursday, up 0.27% on the day. Bolstered by US-China trade optimism along with the greenback receiving a lift from post-ECB selling, the H4 candles shook hands with a rather interesting area of resistance at 113.85/113.64 into the close.
Shaded in green we have a zone composed of the underside of a weekly supply at...
CADCHF is approaching its resistance at 0.7457 (100% Fibonacci extension, 76.4% Fibonacci retracement, Horizontal swing high resistance) where it could potentially drop to its support at 0.7375 (61.8% Fibonacci extension, 76.8% Fibonacci retracement).
Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding drop could occur.
NZDUSD is approaching its support at 0.6843 (61.8% & 100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where price is could potentially bounce up to its resistance at 0.6895 (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is testing its support at 3.9% where a corresponding bounce could occur.
USDCAD bounced nicely off its support at 1.3332(100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.3385 (61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is bounced off its support at 1.5% where a corresponding rise could occur.
EURGBP is approaching its support at 0.8941 (100% & 61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.9073 (horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 3.8% where a corresponding bounce could occur.
EUR/USD:
In Wednesday’s briefing the piece underlined a strong interest in the H4 support area seen at 1.13/1.1314 as a possible buy zone (green – comprised of November’s opening level at 1.1314, a trend line support , a 78.6% Fibonacci support value at 1.1304, a round number at 1.13 and a complementing AB=CD bullish pattern ).
Reinforced by a softer US...
AUDCAD is approaching its resistance at 0.9727 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, Horizontal swing high resistance) where it could potentially reverse down to its support at 0.9601(61.8% Fibonacci extension, 78.6% Fibonacci retracement).
Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal may occur.
USDCHF reversed off its resistance at 0.9937 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop further to its support at 0.9903 (50% Fibonacci retracement, horizontal pullback support).
Stochastic (55, 5, 3) reversed off its resistance at 92% where a corresponding drop may occur.
CADJPY is approaching its resistance at 85.199 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 84.41 (50% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal is may occur.
