NZDUSD reversed off its resistance at 0.7046 (100% Fibonacci extension, horizontal overlap resistance) where it could potentially fall to its next support at 0.6986 (38.2% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) has made a bearish exit from its ascending support line which contributes to our bearish bias.
EURUSD reversed off its resistance at 1.1837 (61.8% & 38.2% Fibonacci retracement, horizontal overlap resistance) where it could potentially fall to its support at 1.1647 (horizontal overlap support).
Stochastic (55, 5, 3) has also reversed off its resistance at 96% where a corresponding drop could occur.
CHFJPY is breaking out of its ascending channel where if it breaks past its first support at 111.42 (horizontal overlap resistance, it could confirm a move down to its next support at 110.82 (38.2% Fibonacci retracement, horizontal swing low support).
RSI (34) is also breaking out of its ascending line which contributes to our bearish bias.
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CADJPY testing its support at 84.94 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance t 85.83 (horizontal overlap resistance).
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AUDCAD is approaching resistance at 0.9961 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse from, causing price to fall to its support at 0.9839 (horizontal pullback support).
Stochastic (55, 5, 3) is approaching resistance at 97% where a corresponding reaction could occur.
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UKOIL is approaching its support at 75.01 (61.8% Fibonacci retracement , 61.8% Fibonacci extension, horizontal overlap support) where it could potentially rise to its resistance at 78.14 (100% Fibonacci extension , horizontal overlap resistance).
Stochastic (89, 5, 3) is approaching its support at 2.8% where a corresponding bounce could occur.
USDCHF is being held in a descending channel where if it breaks its 1st support at 0.9831 (horizontal swing low, it could potentially fall to its next support at 0.9724 (38.2% Fibonacci retracement).
RSI (89) is in the same descending channel and Ichimoku cloud is also showing signs of bearish pressure which contributes to our bearish bias.
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BCOUSD has made a bullish exit from its descending resistance turned support line where it could potentially rise to its major resistance at 76.44 (50% Fibonacci retracement, horizontal overlap resistance) after bouncing off its support at 75.20 (horizontal overlap support).
RSI (89) has made a bullish exit from its descending channel and the ichimoku cloud shows...
CADCHF reversed off its resistance at 0.7613(61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially fall to its support at 0.7569 (horizontal swing low support).
RSI (89) is held down by a descending resistance line and the ichimoku cloud shows signs of downward pressure which contributes to our bearish bias.
GBPJPY is testing its resistance at 147.32 (61.8% & 38.2% Fibonacci retracement, horizontal overlap resistance) where a potential reversal might occur, causing price to fall to its support at 145.31 (38.2% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) is testing resistance at 95% where a corresponding reaction could occur.
CADJPY is testing its resistance at 85.04 (50% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse and fall to its support at 83.12 (horizontal swing low support).
Stochastic (89, 5, 3) is testing resistance at 94% where a corresponding reaction could occur.
EURJPY is approaching its resistance at 129.05 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance) where price could potentially react off, causing it to fall to its support at 125.16 (horizontal swing low support).
Stochastic (34, 5, 3) is approaching its resistance at 95% where a corresponding reaction could occur.
AUDUSD reversed nicely from its resistance at 0.7662 (61.8% & 50% Fibonacci retracement, horizontal overlap resistance, channel resistance) where price could fall to its support at 0.7529 (76.4% & 61.8% Fibonacci retracement, horizontal overlap support). We do have to be cautious of the intermediate support at 0.7586 (100% Fibonacci extension, 38.2% Fibonacci...
NZDUSD is approaching its resistance at 0.7053 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where price could potentially drop to its support at 0.6968 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support)
Stochastic (89, 5, 3) reacted of its resistance at 97% where a similar drop could occur.
BCOUSD is approaching support at 76.27 (100% Fibonacci extension, 61.8% Fibonacci retracement, Elliot Wave structure) where it could potentially bounce off from and rise to its resistance at 78.38 (61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) is approaching its support at 5.17% where a corresponding bounce could occur....
EURGBP bounced nicely from its support at 0.8726 (76.4% Fibonacci retracement, 38.2% Fibonacci retracement, horizontal overlap support) where price could potentially rise further to its resistance at 0.8795 (61.8% Fibonacci extension, horizontal overlap resistance). We do have to be cautious of the intermediate resistance at 0.8759 (61.8% Fibonacci extension,...
SPX500 is testing its resistance at 2739 (76.4% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse, causing price to fall to its major support at 2679 (38.2% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) is testing its resistance at 97% where a corresponding reaction could occur.
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CADJPY is approaching its resistance at 84.94 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where a potential react could occur, causing price to fall to its support at 80.58 (horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 94% where a corresponding reaction could occur.
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