GBPUSD has formed a double top reversal and is starting to drop nicely after breaking our major support-turned-resistance level at 1.3992 (Fibonacci retracement, horizontal overlap resistance, breakout level) where further bearish momentum could be expected to drive price down to major support at 1.3632 (Fibonacci extension, double top exit potential, horizontal...
USDCAD is testing major resistance at 1.2580 (Fibonacci extension, Fibonacci retracement, Elliott wave structure, horizontal swing high resistance) and a strong reaction could occur at this level to drive price down to 1.2454 before 1.2414 support (Fibonacci retracement, corrective Elliott wave structure potential. We have to be careful of the intermediate support...
BTCUSD is now testing multiple resistances (long term pullback to descending support-turned-resistance level, shorter term descending resistance, horizontal pullback resistance, Fibonacci retracement) and a reaction could occur from this level to drive prices down to 5763 support (Fibonacci extension, horizontal swing low support).
RSI (34) sees a long term...
LTCUSD has risen to major resistance at 149.41 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension, descending resistance) and a strong reaction could occur at this level to drive price down to at least 108.41 support (Fibonacci extension, horizontal swing low support). Our long term descending resistance line is also adding a lot of...
AUDUSD has formed a really interesting setup since yesterday. After recovering, it has started to form a double bottom reversal. Coupled with the bullish exit of our descending resistance-turned-support line, this gives us a nicely setup double bottom reversal. Our 1st support remains at 0.7891 (Fibonacci retracement, horizontal overlap support) where a strong...
Ethereum is now testing our 1st resistance at 784 (multiple Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to drive prices down to at least 564 (Fibonacci extension, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance at 96% where a corresponding reaction could occur.
Trading CFDs...
NZDUSD is starting to break our major support-turned-resistance level at 0.7276 and a strong drop could occur from here to push price towards 0.7184 support (Fibonacci retracement, horizontal overlap support). We require a stronger close below our 1st support level at 0.7276 to add further conviction to the bearish setup.
Trading CFDs on margin carries high risk....
Ethereum has broken major support at 756 (Fibonacci retracement, horizontal overlap resistance, bearish price action) and a strong drop could occur from this level towards 538 support (Fibonacci extension, Fibonacci retracement, horizontal overlap support).
RSI (34) sees an intermediate descending resistance line provide downside pressure on Ethereum.
Trading...
AUDUSD has dropped strongly and broken our major support-turned-resistance level at 0.7897 (horizontal overlap resistance, breakout resistance, strong bearish channel) and a strong drop could occur from here to push price down to 0.7817 support (Fibonacci extension, Fibonacci retracement, horizontal swing low support).
RSI (55) has made a long term bearish exit...
GBPUSD is forming a strong double top reversal with 1st resistance at 1.3992 (Fibonacci retracement, breakout level, pullback resistance) and a strong drop could occur from this level to push price down towards 1.3632 support (Fibonacci retracement, breakout potential, horizontal pullback support, Fibonacci extension).
RSI (55) has made a bearish exit of our long...
Ripple continues to test major support at 0.8224 (Fibonacci extension, Elliott wave structure, horizontal swing low support, bullish divergence) and a strong bounce could occur at this level to push price up to at least 1.1511 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing major support above 8.4% where a...
GBPAUD is approaching major resistance at 1.7974 (ABC Fibonacci extension, 61.8% Fibonacci extension, horizontal swing high resistance) and a strong reaction could occur at this level to push price down towards 1.7439 (Fibonacci retracement, Fibonacci extension, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance below 96% where a...
NZDUSD is hovering nicely above major support at 0.7276 (Fibonacci retracement, horizontal swing low support) and a break of this level could trigger a mega drop towards 0.7184 support (Fibonacci retracement, horizontal overlap support). It is important to wait for the candlestick to at least close below our 1st support level to potentially trigger the...
USDJPY is now reacting off major resistance at 110.29 (Fibonacci retracement Fibonacci extension, horizontal overlap resistance) and a further drop could occur from this level to drive price lower. We’re seeing intermediate support from our ascending support line and 109 (horizontal overlap support, Fibonacci retracement) and a break of this level could trigger a...
Bitcoin is now testing major support at 8108 (ABC Fibonacci extension, 61.8% Fibonacci extension, horizontal swing low support) and a potential bounce could occur at this level to drive price up to at least 11822 (Fibonacci extension, Fibonacci r etracement, horizontal swing high resistance).
Stochastic (55,5,3) is seeing major support above 7.7% where a...
EURJPY is reacting off major resistance at 137.42 and a drop could occur all the way down to 136.21 which is our first major support level (Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap support). A bounce could occur at this level to drive price up to at least 137.42 resistance (Fibonacci extension, horizontal swing high resistance) once...
Brent crude oil is testing major support at 68.50 (Fibonacci retracement, horizontal overlap support) and a break of this level could potentially drive price all the way down to 65.96 (Fibonacci retracement, horizontal overlap support). It is important to keep an eye out on our long term ascending support line too which could serve as potential intermediate...
AUDUSD has dropped absolutely perfectly to our major support level before bouncing nicely. We now look for a potential bounce above major support at 0.7899 (Fibonacci retracement, horizontal overlap support, channel exit potential) for a bounce up to potentially 0.7986 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (34,5,3) is...
