Sell below 0.7708. Stop loss 0.7777. Take profit at 0.7524. Reason for the trading strategy (technically): CADCHF is approaching its resistance at 0.7708 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 0.7524 (50% Fibonacci retracement, horizontal overlap support)....
The AUDUSD could be progressing lower into Wave B as discussed yesterday. It is trading around 0.7210 levels at this point in writing, expected to bounce from either 0.7200 or 0.7175 levels respectively. Please note that 0.7175 is fibonacci 0.618 support of the entire previous rally between 0.7085 and 0.7300 levels respectively. Looking into the wave structure, it...
The EURUSD broke below its immediate channel line support towards our projected direction. It is seen to be trading around 1.1647 levels at this point in time and could lead to further drop towards 1.1590/1.1600 levels going forward. Looking into the wave structure, an expanded flat is most likely being carved out at the moment and the projected termination points...
CADCHF is approaching our first resistance at 0.7531 (horizontal overlap resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.7438 (horizontal swing low support). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in...
EURUSD is approaching its support at 1.1619 (61.8% & 100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.1690 (61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic (89, 5, 3) is bounced off its support at 2.8% where a corresponding bounce could occur.
CADCHF REVERSAL in the offing please like, follow and comment. thanks
XAUUSD is approaching its support at 1193 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1202 (61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic (89, 5, 3) is bounced off its support at 5.04% where a corresponding bounce could occur.
Buy above 0.8905. Stop loss at 0.8880. Take profit at 0.8945. Reason for the trading strategy (technically): EURGBP is approaching its support at 0.8905 (100% & 61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.8945 (50% Fibonacci retracement, horizontal swing high...
The Trend Follower Strategy has just bought GBPJPY at 148.894. The system recommends entering this trade at any price between 148.581 and 149.207. The signal was issued because our Speculative Sentiment Index is extremely positive, with a value of -1.506. This suggests that the GBPJPY could be trending upwards.The 14-period Average True Range on a daily chart is...
The EURUSD pair has been quiet since last 24 hours after printing highs at 1.1820 levels. Please note that the next resistance in line is at 1.1850 levels and if 1.1820 give away, bulls would like to test 1.1850 levels before giving in to bears again. As an alternate though, it is quite possible that a meaningful top could be in place at 1.1820 and EURUSD could be...
CADCHF is approaching its resistance at 0.7469 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap resistance) where it could reverse down to its support at 0.7431 (50 Fibonacci retracement, horizontal pullback support). Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reversal is expected.
Buy above 0.7242. Stop loss at 0.7213. Take profit at 0.7296. Reason for the trading strategy (technically): AUDUSD is approaching its support at 0.7242 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.7296 (horizontal swing high resistance). Stochastic (55, 5, 3) is...
The Breakout Opportunities system has just sold AUDJPY at 81.891. The system recommends entering this trade at any price between 81.725 and 82.001. The signal was issued because the AUDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.393, suggesting that the AUDJPY may have further to fall. A stop loss has been set at the 24-hour high...
The AUDUSD has corrected lower, as discussed on Friday. It is seen to be trading around 0.7250/52 levels at this point in writing and could drop to 0.7240/45 levels before turning higher again. Please note that 0.7243 is the fibonacci 0.382 support of the rally between 0.7140 and 0.7300 levels (not shown on the chart). Looking at the wave structure, AUDUSD could...
GBPUSD is approaching its support at 1.3062(100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1.3201 (61.8% Fibonacci retracement, horizontal overlap resistance). Stochastic (55, 5, 3) is approaching its support at 2.5% where a corresponding bounce could occur.
NZDUSD is approaching its resistance at 0.6717 (100% Fibonacci extension, 38.2%, 61.8%, 23.6% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 0.6635 (38.2% Fibonacci retracement, horizontal overlap support) could occur. Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding drop could occur.
Sell below 0.6717. Stop loss at 0.6765. Take profit at 0.6635. Reason for the trading strategy (technically): NZDUSD is approaching its resistance at 0.6717 (100% Fibonacci extension, 38.2%, 61.8%, 23.6% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 0.6635 (38.2% Fibonacci retracement, horizontal overlap support) is...