Korora

Korora Updated 

Price has bounced up and reached our profit target perfectly. We prepare to buy above 0.7377 support (Fibonacci retracement, horizontal overlap support) for a further push up towards 0.7441 resistance (Fibonacci retracement, horizontal pullback resistance, Elliott wave theory). Stochastic (34,5,3) has made a bullish exit and sees further upside potential....

Korora Updated 

Tuesday night in the markets was definitely calm. EUR/USD is trading in a range in a dozen or so pips around 1.0925. A similar scale of volatility shows USD/JPY as it is hovering around 113.00 level. The Australian dollar is again one of the worst performers. The Asian session was calm after yesterday's strong changes. Shanghai Composite is, however, at the...

Korora Updated 

We are now seeing price test major resistance at 1.0980 (multiple fibonacci extensions, Elliott wave theory) and we expect a drop from this level to at least 1.0880 support (Fibonacci retracement, horizontal swing low support). Stochastic (55,5,3) is also seeing major resistance below the 95% level where we expect a drop from. Correlation analysis: EUR/USD has...

Korora Updated 

Price has shot up from our buying area and reached our profit target perfectly. We now prepare to sell below 83.63 resistance (Fibonacci retracement, horizontal overlap resistance, Elliott wave theory) for a drop towards 82.82 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support, Elliott wave theory). Stochastic (34,5,3) is seeing...

Korora Updated 

Price has formed a really nice 5-wave movement going down. This is the first sign of a good bullish bounce. We look to buy above 0.7383 support (Fibonacci retracement, horizontal overlap support, bullish divergence) for a bounce up towards 0.7461 resistance (Fibonacci retracement, Elliott wave theory, horizontal pullback resistance).Stochastic (55,5,3) is seeing...

Korora Updated 

The pair is extending the bullish bias across the board and it's shifting the focus towards the 1.3000 handle, as GBP/USD managed to break above 1.2957. The next key resistance lies at 1.3029, where possibly we can expect some bearish reaction, but the overall structure remains untouched and that's why we expect further strength in coming days. To the downside,...

Korora Updated 

Price has reached our selling area and reacted off it. We remain bearish below major resistance at 111.37 (Fibonacci retracement, horizontal resistance, Fibonacci extension) and we expect a reaction below this level for a drop to at least 109.41 support (Fibonacci retracement, horizontal overlap support, price gap). Stochastic (34,5,3) is seeing major resistance...

Korora Updated 

Price has reversed right above our stop loss from yesterday. We remain bullish with the price now testing major support at 0.7456 (Fibonacci extension, Elliott wave theory, bullish divergence) and we expect to see a bounce above this level to at least 0.7520 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,5,3) is seeing major...