AUDUSD has broken a major support-turned-resistance level at 0.7757 opening a potential drop to 0.7644 support (horizontal overlap support, 76.4% Fibonacci retracement ). It's nice to see that we've broken multiple ascending supports too signalling that bearish momentum is accumulating. We're also below our Ichimoku cloud which adds to our bearish bias.
RSI (34)...
EURUSD is testing major support at 1.2164 (38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing low support) and a strong bounce could occur at this level pushing price up to 1.2409 resistance (61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance). Our next major level of support is at 1.2048 which is a 50% long...
USDCHF has made a bullish exit of its descending resistance-turned-support line signalling that we could be seeing some bullishness. However, we're seeing major resistance at 0.9405 (23.6% long term fibonacci retracement, 100% fibonacci extrrension, horizontal swing high resistance) that needs to be broken before opening up a potential rise to 0.9459 (Fibonacci...
GBPUSD is testing our ascending support level and approaching our support level at 1.3861 (Horizontal overlap support, 76.4% Fibonacci retracement level). A strong bounce could occur at this level, pushing price up to the next resistance level at 1.3992 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Surpassing this...
AUDUSD is nearing its major support at 0.7755 (61.8% Fibonacci extension , 61.8% Fibonacci retracement level, horizontal swing low support) where a potential bounce might occur. Prices may move up to its 1st resistance at 0.7888 (61.8% Fibonacci retracement, horizontal overlap resistance) before a further rise to 2nd resistance at 0.7991(61.8% Fibonacci...
USDJPY is testing our major support level at 107.15 (horizontal overlap support, 50% Fibonacci retracement level) and approaching our ascending support line. A strong bounce could occur at this support level , pushing price up to the next resistance level at 107.789 (61.8% Fibonacci extension level, horizontal overlap resistance, 50% Fibonacci retracement...
(short term view)
EURUSD has bounced nicely from its long term ascending line after testing it and is approaching its 1st resistance at 1.2363 (100% Fibonacci extension , 38.2% Fibonacci retracement , horizontal overlap resistance). If price breaks past this level, potential rise in price to it’s 2nd resistance at 1.2434 (61.8% Fibonacci extension , 61.8%...
Bitcoin has bounced perfectly above our major support at 9119 (fibonacci retracement, extension, pullback support) and has also made a bullish exit of our descending resistance-turned-support line. This could potentially lead to a rise to 11813 resistance (Fibonacci retracement, extension, horizontal overlap resistance).
Stochastic (55,5,3) has bounced nicely...
EURUSD has broken our long term ascending support along with falling below our ichimoku cloud. These are all strong signs of a potential drop from here. However, we're seeing major support at 1.2230 which is our 38.2% Fibonacci retracement, 50% Fibonacci retracement, 100% Extension and horizontal swing low support. This level would need to be broken to trigger a...
GBPUSD is being squeezed in a triangle formation. When such a pattern occurs, it usually means there'll be a strong acceleration in the direction of the break out. Our 1st major level of resistance is at 1.4135 which is a 61.8% Fibonacci retracement and horizontal swing high resistance level. Our major level of support is at 1.3766 which is a long term 23.6%...
USDCAD is testing major support at 1.2636 which is a fibonacci retracement, extension and overlap support level. We can see good price action at that area too. What is nice to see is that multiple RSI bounces has occurred that corresponded with price bouncing around this level too.
Our major resistance is at 1.2726 which is a major swing high resistance level and...
USDJPY is making a pullback to resistance at 107.70 which is a major 23.6% Fibonacci retracement level along with a horizontal overlap resistance. At the same time, we can see that RSI continues to be pushed down by our descending resistance line. Further bearish momentum could occur from here with our major support at 105.70, a major swing low support and...
Bitcoin is fat approaching major support at 9119 which is a fibonacci retracement, extension and pullback support level. At the same time, we can see strong bullish divergence vs price which is always a good precursor of a potential bounce.
Our major resistance is at 11813 which is our 50% Fibonacci retracement and horizontal overlap resistance level.
Nikkei is testing major resistance at 22178 to 22360 where we can see strong fibonacci retracement and fibonacci extension along with horizontal overlap resistance. What is nice to see is that there are multiple stochastic reactions that has occurred at that level too.
Major support is at 21700 which is a strong fibonacci retracement, extension and overlap support.
EURUSD has broken our major ascending support line and we can also see that it is below our ichimoku cloud. These are usually very bearish signs. We can also see that our long term ascending support line on RSI was broken which is also a strong precursor to a change in momentum from bullish to bearish.
We do feel that there's major support at 1.2230 which has...
EURAUD is now in a nice range with 1.5771 as our major resistance level with it being our horizontal swing high resistance and also a key fibonacci extension level. Our other limit of our range is the support at 1.5606 which is our horizontal swing low support, and 38.2% Fibonacci retracement. Our next major support is 1.5473 which is our horizontal overlap...
Etherium has dropped strongly after breaking our major resistance level and is now right on our major support level at 778 .62 which is a fibonacci retracement, extension, overlap support and has bullish divergence level.
Our next major level of resistance is at 907.45 which is similarly a fibonacci retracement, extension and overlap resistance level.
It is...
We can see that USDJPY has reacted perfectly off our resistance at 107.70 which if a fibonacci retracement level and a horizontal pullback resistance. RSI is also correspondingly reacting really nicely off our descending resistance line as forecasted. Our next major level of support remains at 105.70 which is a fibonacci extension level and a major swing low...
