EURAUD is approaching its support at 1.5897 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 1.5977 (50% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) is approaching its support at 3.2% where a corresponding bounce could occur.
USDCAD is approaching its support at 1.3203 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1.3295 (76.4% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 1.6% where a corresponding bounce could occur.
AUDCAD is approaching its resistance at 0.9453 (100% Fibonacci extension, 50%, 32.8% Fibonacci retracement, Horizontal swing high resistance) where it may reverse down to its support at 0.9412 (38.2% Fibonacci retracement, 61.8% Fibonacci extension).
RSI (34) is approaching its resistance where a corresponding reversal may occur.
EUR/USD:
Weekly gain/loss: -1.17%
Weekly close: 1.1320
Weekly perspective:
Boasting historical significance as far back as early February 2015 and capping upside action since late October 2018, long standing support/resistance at 1.1465, once again, contained upside last week. In the shape of a near-full-bodied bearish candle, the EUR/USD erased two weeks’...
EURCHF is approaching our first support at 1.1344 (horizontal pullback support, 38.2% & 50% Fibonacci retracement, 100% Fibonacci extension) and a strong bounce might occur below this level pushing price up to our major resistance at 1.1401(61.8% Fibonacci extension, horizontal pullback resistance).
Stochastic (34, 5, 3) is approaching its support where a...
NZDJPY is approaching our first support at 73.46 (horizontal swing low support, 38.2% Fibonacci retracement, 100% Fibonacci extension, Elliot wave structure) and a strong bounce might occur below this level pushing price up to our major resistance at 74.02(23.6% Fibonacci extension, horizontal pullback resistance).
Stochastic (34, 5, 3) is approaching its...
NZDUSD is approaching our first support at 0.6707 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension, Elliot wave structure) and a strong bounce might occur below this level pushing price up to our major resistance at 0.6822 (50% Fibonacci extension, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching its...
USD/CAD:
Partly on a recoil in oil prices (down 2.39% on the day) and the US dollar index recording its sixth consecutive daily gain, the USD/CAD catapulted itself northbound Thursday and registered its fourth consecutive daily session in the green.
Reclaiming two weeks’ worth of losses and recapturing weekly resistance at 1.3223, this has potentially set the...
NZDJPY is approaching its resistance at 1.8432 (Horizontal swing high resistance, 61.8% Fibonacci extension , 78.6% Fiboancci retracement) where it could potentially drop to its support at 1.8158 (Horizontal pullback support, 50% Fiboancci retracement).
Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding bounce could occur.
NZDJPY is approaching its resistance at 1.6144 (horizontal swing high resistance, 50% Fibonacci retracement) where it could potentially drop to its support at 1.5887 (horizontal swing low support, 38.2% Fibonacci retracement).
Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding bounce could occur.
NZDJPY is approaching its resistance at 74.53 (Horizontal pullback resistance, 23.6% Fibonacci retracement) where it could potentially drop to its support at 73.45 (horizontal swing low support, 38.2% Fibonacci retracement).
RSI (21) is approaching its resistance where a corresponding bounce could occur.
CADCHF is approaching its support at 0.7543 (38.2% Fibonacci retracement, Horizontal swing low support) where it could potentially bounce to its resistance at 0.7574(50% fibonacci retracement).
Stochastic (89, 5, 3) is approaching its support at 9.1% where a corresponding bounce could occur.
XAU/USD (GOLD):
In recent sessions, the H4 candles extended Friday’s losses and crossed paths with lows at 1308.4, bolstered by a stronger US dollar. Bottoming just ahead of daily support at 1307.7, bullion mildly pared losses into the close.
The current daily support, coupled with nearby weekly support at 1302.5: the 2018 yearly opening level, is an area...
AUD/USD:
Dwelling approvals out of Australia Monday fell a further 8.4% in December following a 9.8% drop in November and coming in much weaker than the consensus forecast of a 2.1% lift.
Weighed on by local data and a strengthening US dollar, the AUD/USD carved out its second consecutive loss from an overall peak of 0.7295 printed Thursday.
In terms of...
EUR/USD:
Despite observing a brief flicker of activity around January’s opening level on the H4 timeframe at 1.1445, the single currency yielded ground to its US counterpart Monday.
Clocking lows of 1.1424 amid broad-based USD strength, yesterday’s move exposes a possible AB=CD bullish pattern (black arrows) completion today, positioned just ahead of the 1.14...
GBPJPY reversed off its resistance at 1.6618 (61.8% Fibonacci extension, 32.8% Fibonacci retracement, Horizontal overlap resistance) where it is expected to drop further to its support at 1.6530 (Horizontal swing low support).
Stochastic (89, 5, 3) reversed near its resistance at 95% where a corresponding drop is expected.
NZDUSD is approaching its support at 0.6860 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 0.6936 (horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 1.65% where a corresponding bounce could occur.
GBPJPY reversed off its resistance at 143.52 (61.8% & 100% Fibonacci extension, 61.8% & 50% Fibonacci retracement, horizontal overlap resistance) where it may drop further to its support at 142.83 (50% Fibonacci retracement).
Stochastic (89, 5, 3) reversed near its resistance at 95% where a corresponding drop may occur.
