NZDJPY has made a bullish exit of our descending channel and could rally strongly from here. A strong rally could occur above major support at 77.66 (Fibonacci retracement, horizontal overlap support, breakout level) towards 79.24 resistance (Fibonacci retracement, horizontal overlap resistance).
RSI (89) has made a similar bullish exit signaling a change in...
GBPUSD remains under strong bearish pressure from our descending resistance line and a further drop could occur below 1.3910 resistance (Fibonacci retracement, horizontal swing high resistance, descending resistance) for a push down towards 1.3632 support (Fibonacci retracement, horizontal pullback support).
RSI (34) sees our descending resistance line...
USDJPY has broken major descending resistance and also overlap resistance triggering a strong rally. We look to buy above major support at 106.41 (Fibonacci retracement, horizontal overlap support, breakout level) for a push up all the way to 107.85 resistance (Fibonacci retracement, horizontal swing high resistance).
RSI (55) has made a similar bullish exit...
XAGUSD is approaching strong support at 16.35 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and a strong bounce could occur at this level to push price all the way up to our major resistance level at 16.78 once again. It’s important to note that we can see a short term descending resistance line which needs to be broken to open a bigger...
EURAUD is seeing strong ascending support maintain our bullish momentum. We’re also seeing strong horizontal overlap support at 1.5799 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) and a bounce could occur at this level to push price back up to 1.5951 once again (Fibonacci extension, horizontal swing high resistance).
Stochastic...
Bitcoin is now testing major support at 9032 (Fibonacci retracement, horizontal overlap support) and a strong bounce could occur at this level to push price all the way up to major resistance at 1172. If it breaks this level, then the next major support is at 8181 (Fibonacci retracement, horizontal swing low support).
Stochastic (34,5,3) is seeing major spport at...
EURUSD is testing major resistance at 1.2363 (Fibonacci retracement, horizontal swing high resistance, bearish divergence, Fibonacci extension) and a strong reaction could occur at this level to push price all the way down to major support at 1.2165 (Fibonacci extension, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance at 95% where a...
USDJPY is experiencing massive bearish pressure from our descending resistance line and we are seeing major resistance at 106.41 (Fibonacci retracement, horizontal overlap resistance). A drop could occur from this level to push price further down to 105.29 support (Fibonacci extension, horizontal swing low support).
RSI (34) sees a descending resistance line add...
NZDUSD is has formed a nice double bottom formation and we’re seeing major support above 0.7273 (Fibonacci retracement, horizontal overlap support, breakout level) and a strong bounce could occur from here to help price rally towards our next major resistance at 0.7341 (Fibonacci retracement, horizontal swing high resistance).
RSI (89) sees ascending support hold...
BCOUSD is approaching strong support at 63.54 (Fibonacci retracement, Fibonacci extension, horizontal swing low support) and a nice bounce could potentially occur at this level to push price up to major resistance at 66.35 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance).
Stochastic (34,5,3) is seeing major support above 2.1% where a...
AUDJPY is approaching strong resistance at 83.31 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push price down to major support at 81.56 (Fibonacci extension, horizontal swing low support). We do have to be cautious about our intermediate support at 82.12 (Fibonacci retracement,...
EURUSD is testing major resistance at 1.2363 (Fibonacci retracement, horizontal swing high resistance, bearish divergence, Fibonacci extension) and a strong reaction could occur at this level to push price all the way down to major support at 1.2165 (Fibonacci extension, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance at 95% where...
XAGUSD is reversing nicely below major resistance at 16.80 (Fibonacci retracement, horizontal resistance area, Fibonacci extension) and a strong drop could occur from here pushing price down to 16.58 support (Fibonacci retracement, horizontal pullback support).
Stochastic (34,5,3) is seeing strong resistance at 92% where a corresponding reaction could...
NZDUSD has broken major resistance and has the potential to rise much further above major support at 0.7273 (Fibonacci retracement, horizontal overlap support, double bottom reversal) towards 0.7341 (Fibonacci retracement, horizontal swing high resistance).
RSI (55) has broken above our 52% line and also sees ascending support hold it up nicely.
Trading CFDs on...
AUDUSD has started to bounce above strong support at 0.7784 (Fibonacci retracement, horizontal overlap support) and a further rise could occur at this level to push price up to 0.7827 resistance (Fibonacci retracement, horizontal overlap resistance) before 0.7889 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing...
XRPUSD is approaching major support at 0.8726 (Fibonacci extension, horizontal swing low support, pullback support, bullish divergence) and a strong bounce could occur at this level to push price up towards 0.9402 resistance before 0.9747 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing strong support above 4.2% and...
GBPUSD is back to test our strong resistance at 1.3873 (Fibonacci retracement, horizontal pullback resistance) and a strong reaction could occur at this level to push prices down to 1.3632 support (Fibonacci retracement, horizontal pullback support). It’s nice to see that we have a strong descending resistance line that is adding to our bearish momentum.
RSI (34)...
EURUSD is back to test our major resistance at 1.2363 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance, bearish divergence) and a strong reaction could occur at this level to push price down to 1.2165 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,5,3) is reacting really nicely off our major resistance at...
