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Trading Strategies

USDCAD approaching resistance, potential drop!

USDCAD is approaching our first resistance at 1.2814 (horizontal overlap resistance, 23.6% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our...

EURCHF approaching resistance, potential drop!

EURCHF is approaching our first resistance at 1.1955 (horizontal swing high resistance, 78.6% Fibonacci retracement) which coincides with our short term descending resistance line. A strong...

XAUUSD approaching resistance, potential drop!

XAUUSD is approaching our first resistance at 1325.87 (horizontal swing high resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement) which coincides with our short...

Summary

Today we are seeing a nice setup on USDJPY as it is approaching our short term ascending support line and we are expecting a bounce off that level. RSI is also approaching our support and we might see...

AUDNZD approaching resistance, potential drop!

AUDNZD is approaching our first resistance at 1.0842 (horizontal swing high resistance, 61.8% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down...

AUDJPY approaching resistance, potential drop!

Price is approaching our first resistance at 82.59 (horizontal swing high resistance, 50% Fibonacci retracement) and a strong drop might occur below this level, pushing price down to our...

USDJPY approaching support, potential bounce!

Price is approaching our first support at 109.24 (horizontal overlap support, short term ascending support line, 61.8% Fibonacci retracement). A strong bounce might occur above this level,...

XAUUSD approaching resistance, potential drop!

Price is approaching our first resistance at 1325.87 (horizontal swing high resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension) and a strong drop might occur below...

Summary

Today we are seeing a nice setup on EURAUD as it is approaching our major support which coincides with a Fibonacci retracement and Fibonacci extension where we are expecting a strong bounce above that...