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...
USDJPY is now testing major resistance at 109.76 (Fibonacci retracement, horizontal swing high resistance) and a strong reaction could occur at this level to push price down to 108.33 support (Fibonacci extension, horizontal swing low support). Our next level of resistance is at 110.36 (above multiple Fibonacci retracements, above pullback resistance).
Stochastic...
Ripple has dropped strongly and is now approaching 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...
Bitcoin has dropped absolutely perfectly to our major support level as expected. We now see our 1st major support at 8890 (Multiple ABC Fibonacci extension, horizontal swing low support) and a strong bounce could occur at this level to push price up to at least 11970 resistance (Fibonacci retracement, horizontal swing high resistance).
Stochastic (34,5,3) is...
Litecoin has dropped further as expected and is now testing first major support at 135 (Fibonacci extension, horizontal swing low support) and a bounce could occur at this level to see an intermediate corrective bounce up to 165 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing major support above 5.6% where a...
Ethereum has broken major support-turned-resistance at 995 triggering a bearish exit. Our 1st resistance is at 995 (Fibonacci retracement, horizontal pullback resistance, breakout level) where a strong drop could occur from pushing price all the way down to 769. We have to be careful about 931 support level as price has bounced off that area previously and it...
AUDUSD has broken our major ascending support line triggering further bearish momentum! We’re seeing 1st resistance at 0.8046 (Fibonacci retracement, horizontal overlap resistance) where a strong drop could occur from to push price down to 0.7958 support (Fibonacci retracement, horizontal swing low support).
RSI (34) remains under bearish pressure from our...
Bitcoin continues to hover above major support at 9509 (psychological level, horizontal support, Fibonacci retracement) and a break of this level could trigger a sell off to push price towards 7572 (Fibonacci retracement, horizontal overlap support). We can see that price is facing major bearish momentum with a long term descending resistance line holding it down...
EURCHF is approaching strong support at 1.1521 (Elliott wave structure, Fibonacci extension) and what could happen is that it takes out the stop losses below our wave 3 with a wave 5 movement. This would then lead to a potential bounce up to 1.1639 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (55,5,3) is seeing major support...
Ethereum is approaching major resistance at 1144 (Fibonacci retracement, horizontal overlap resistance, pullback resistance) and a strong reaction could occur at this level to drive price down to 927 support (Fibonacci retracement, horizontal swing low support). Do be aware that we’re seeing intermediate support at 1015.
Stochastic (34,5,3) is seeing major...
AUDUSD has finally broken our long term ascending support channel triggering a potential strong sell off from here. Our first major resistance is at 0.8067 (Fibonacci retracement, horizontal pullback resistance) and a strong drop could occur below this level to drive price down to 0.7958 support (Fibonacci retracement, horizontal swing low support). Do be aware...
AUS200 is now testing major resistance at 6072 (Fibonacci retracement, bearish harmonic formation, horizontal swing high resistance) and a strong drop could occur at this level to push price down to 6008 support (Fibonacci retracement, horizontal swing low support). We have to watch our for intermediate support at 6034 too (Fibonacci retracement, horizontal...
Japan225 is right above major support at 23085 (Fibonacci extension, Multiple Fibonacci retracement, horizontal overlap support) and a strong bounce could occur at this level to drive price up towards 24139 resistance (Fibonacci extension, horizontal swing high resistance). Do be wary of the intermediate resistance we can expect at 23748 (Fibonacci retracement,...
Ripple is dropping really strongly and we watch for the pullback to our 1st resistance level at 1.1508 (Fibonacci retracement, horizontal breakout resistance level) where it could serve as a possible re-entry level for price to react off and make a push down to 0.8729 support (Fibonacci extension, horizontal swing low support).
RSI (89) has made a bearish exit of...
Gold is dropping nicely after our bearish cup and handle reversal formation. We keep an eye out on this trade as it has also broke a major ascending support-turned-resistance line which normally triggers a much bigger reversal. Our 1st resistance is at 1344 (Fibonacci retracement, horizontal overlap resistance) and our next major support is at 1325 (Fibonacci...
EURJPY is now testing major resistance at 135.16 (Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to drive price down towards 134.34 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,5,3) is seeing major resistance at 95% where a corresponding reaction could occur.
Trading CFDs on...
