We see a nice set up today for BCOUSD where it reversed nicely at its 1st resistance. Price could rise back to its 1st resistance before falling back down to its major support. We have also identified...
AUDUSD is approaching its 1st resistance at 0.7606 (50% Fibonacci retracement, 38.2% Fibonacci retracement, 23.6% Fibonacci retracement, 100% Fibonacci...
XAUUSD breaking out of ascending support line, potential drop!
XAUUSD has made a slight breakout of its ascending support line. If it breaks past its 1st support at 1297 (38.2% Fibonacci retracement, horizontal overlap support), it could be a...
BCOUSD reversed off resistance, potential further drop!
BCOUSD reversed nicely off its resistance at 78.43 (61.8% Fibonacci retracement, horizontal overlap resistance) where price could potentially drop further to its major support at 76.38...
Summary
Today we are seeing a nice setup on CADJPY as it is approaching our resistance which coincides with a Fibonacci retracement and Fibonacci extension where we expect a drop in price. We are also seeing...
EURCHF approaching resistance, potential drop!
EURCHF is approaching our first resistance at 1.1530 (horizontal overlap resistance, 23.6% Fibonacci retracement) which coincides with our short term descending resistance line. A strong...
NZDUSD approaching resistance, potential drop!
NZDUSD is approaching our first resistance at 0.6993 (horizontal overlap resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur...
AUDUSD approaching resistance, potential drop!
AUDUSD is approaching our first resistance at 0.7580 (horizontal swing high resistance, 78.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur...
CADJPY approaching resistance, potential drop!
CADJPY is approaching our first resistance at 85.06 (horizontal overlap resistance, 50% Fibonacci retracement, 61.8% Fibonacci retracement) and a strong reaction might occur...
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