Tendency : Downward Wait for Confirmation on Lower Time Frames Like DOUBLE TOP.... Good Luck Trade Green
AUDUSD is approaching its support at 0.7088 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.7144 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) Stochastic (21, 5, 3) is approaching its support at 8.0% where a corresponding bounce...
NZDJPY is approaching its support at 73.435 (61.8% & 100% Fibonacci extension , 38.2% Fibonacci retracement , horizontal overlap support) where it could potentially bounce to its resistance at 73.770 (50% Fibonacci retracement , horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at 4.3% where a corresponding bounce could occur.
WELCOME TO DACAPITAL TRADING!! VIP SWING SETUP 4 HOUR Strong bullish movement back towards daily and H4 Resistance Level DAILY Strong daily price action taking out sellers in my view! WEEKLY Strong start into this week, looking towards a bearish closure on friday! LEVELS SELL CADCHF @ 0.76500 SL @ 0.76860 (35 Pips) TP @ 0.75540 (95 Pips) RR: 2.70 Be...
EURGBP is approaching its resistance at 0.8854 (61.8% Fibonacci extension , 50% & 38.2% Fibonacci retracement , horizontal overlap resistance) where it could potentially reverse down to its support at 0.8792 (50% Fibonacci retracement , horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 91% where a corresponding reversal could occur.
USDJPY is testing its support at 112.191 (100% Fibonacci extension, 23.6% & 38.2% Fibonacci retracement and horizontal overlap support) where it could potentially bounce to its resistance at 113.494 (61.8% Fibonacci retracement). Stochastic (55, 5, 3) is approaching its support at 2.32% where a corresponding bounce could occur.
AUDUSD reversed off its resistance at 0.7144(61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop further to its support at 0.7081 (61.8% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) reversed off near its resistance at 98% where a corresponding drop could occur.
Gold rally towards $1196 levels instills further confidence that a higher bottom could be in place at $1182.66 levels already. The yellow metal may not produce another low before rallying further towards $1250/70 levels, going forward. Also, another push through initial resistance at $1208/09 levels will confirm that the yellow metal is in control of bulls and...
The US Dollar Index bears seem to be in control since recent highs at 96.16 levels, the fibonacci 0.618 resistance of the earlier drop as shown here. The index seems to be on its way towards at least 95.00 levels, before pulling back or retracing. Looking into the wave structure, the index seems to have in place Waves A and B already, with Wave B terminating at...
The Tidal Shift Strategy has just sold NZDUSD at 0.64911. The system recommends entering this trade at any price between 0.64804 and 0.65017. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 6.6195, which suggests that the NZDUSD could be trending downwards.The 14-period Average...
SX5E bounced off its support at 3275 (100% & 61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance. Stochastic (55, 5, 3) is approaching its support at 2.8%.
CADCHF bounced nicely off its support at 0.7627 (61.8% & 100% Fibonacci extension, 23.6% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.7692 (76.4% Fibonacci retracement, horizontal overlap resistance). Stochastic (55 5, 3) is bounced off its support at 1.6% where a corresponding rise could occur.
Continuing to ride the bullish trend mainly driven by the new NAFTA agreement last Wednesday, but still need to be careful about risk of getting whipsawed especially CAD Ivey PMI news tomorrow at 2pm, and CHF CPI news on Friday. Closely monitoring possible breakout of this pair at 0.77144, and will either setup a buy stop @0.77297, or wait for bounce (safer...
CADCHF is approaching our first resistance at 0.7715 (horizontal overlap resistance, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 0.76299 (horizontal pullback support, 23.6% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in...
The US Dollar Index has been testing resistance zone between 95.40 and 96.00 levels respectively. Looking at the wave counts (lower degree), it is quite possible that the last wave of expanded flat might have terminated at 95.30/40 levels yesterday. If this holds true, we could see a sharp decline from current price action. As an alternate count, the expanded flat...
CADCHF is approaching its resistance at 0.7715 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap resistance) where it could reverse down to its support at 0.7629(23.6% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) is approaching its resistance at 99% where a corresponding reversal could occur.
CADCHF is approaching its resistance at 0.7708 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could reverse down to its support at 0.7524 (50% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) is approaching its resistance at 99% where a corresponding reversal could occur.