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Trading Strategies

GBPJPY testing major resistance, potential drop!

GBPJPY is testing major resistance at 149.18 (Fibonacci retracement, bearish divergence, horizontal overlap resistance) and a strong drop could occur at this level to push price all the way down to...

USDJPY in a strong ascending channel, potential for further rise!

USDJPY remains in a strong ascending channel and is also above our Ichimoku cloud signalling that there’s strong bullish momentum. Price could potentially drop to our first major support at 109.98...

Summary

Today we are seeing a nice setup on USDCAD as it is approaching our resistance which coincides with a Fibonacci extension level and we are expecting a drop to occur below that level. We are also...

XAUUSD approaching resistance, potential drop!

XAUUSD is approaching our first resistance at 1315.07 (horizontal swing high resistance, 23.6% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to...

EURCHF approaching resistance, potential drop!

EURCHF broke out of our short term ascending support line and is approaching our first resistance at 1.1941 (horizontal overlap resistance, 100% Fibonacci extension, 23.6%...

USDCAD approaching resistance, potential drop!

USDCAD is approaching our first resistance at 1.2815 (horizontal overlap resistance, 100% Fibonacci extension). A strong reaction might occur below this level, pushing price down to our...

USDCHF approaching resistance, potential drop!

USDCHF is approaching our first resistance at 1.007 (horizontal overlap resistance, 50% Fibonacci retracement) which coincides with our short term descending resistance line. A strong...

Summary

We are seeing a nice setup on USDCAD as it is testing our first resistance and we expect price to drop to our major support target. Ichimoku cloud is also seeing signs of bearish pressure, in line...

CADCHF approaching support, potential bounce!

CADCHF is approaching our first support at 0.7758 (horizontal overlap support, 61.8% Fibonacci extension, 23.6% Fibonacci retracement). A strong bounce might occur above that...