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Trading Strategies

USDJPY testing support, potential bounce!

Price is testing our first support at 108.76 (horizontal swing low support, 23.6% Fibonacci retracement) which coincides with our short term ascending support line. A strong bounce might...

Summary

Today we are seeing a nice setup on EURAUD as it is approaching our short term ascending support line and is testing our first support where we expect a bounce off that level. Stochastic is also...

USDJPY testing support, watch for breakout!

USDJPY is testing our first support at 109.01 (horizontal swing low support, 23.6% Fibonacci retracement). A breakout below this level might cause a strong reaction to occur, pushing price...

XAUUSD approaching support, potential bounce!

XAUUSD is testing our first support at 1310.48 (horizontal overlap support, breakout level). A strong bounce might occur above this level, pushing price up to our major resistance at 1325.87...

AUDJPY approaching resistance, potential drop!

AUDJPY is approaching our first resistance at 82.58 (horizontal swing high resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement). A strong reaction might occur below...

EURAUD testing support, potential bounce!

EURAUD is approaching our first support at 1.5881 (horizontal swing low support, 100% Fibonacci extension) which coincides with our short term ascending support line. A strong bounce might...

GBPAUD approaching resistance, potential drop!

GBPAUD is approaching our first resistance at 1.8101 (horizontal pullback resistance, breakout level) and a strong reaction might occur below this level, pushing price down to our major support at...

GBPUSD approaching resistance, potential drop!

GBPUSD broke out of its long term ascending support-turned-resistance line and is approaching our first resistance at 1.3653 (horizontal swing high resistance). A strong reaction might occur below...

Summary

Here are some of our nice calls previously: 1. EURJPY dropped perfectly from our first resistance and is well on its way to our first support: 2. We caught the breakout out EURAUD perfectly as it...