NZDUSD is testing its resistance at 0.6798 (61.8% & 38.2% Fibonacci retracement, horizontal swing high resistance) where it is could reverse down to its support at 0.6748 (61.8% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
AUDCHF is testing its resistance at 0.7204 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance) where it is could reverse down to its support at 0.7138 (horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected.
XAGUSD is approaching its support at 14.88 (61.8% & 100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 15.31 (horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its support at 1.5% where a corresponding bounce could occur.
EURJPY is testing its resistance at 126.68 (100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing high resistance) where it is could reverse down to its support at 125.59 (horizontal pullback support).
Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
GBPJPY is approaching its resistance at 147.02 (61.8% & 100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal pullback resistance) where it is could reverse down to its support at 145.69 (horizontal pullback support).
Stochastic (89, 5, 3) is approaching its resistance at 95% where a corresponding reversal is expected.
NZDUSD bounced nicely off its support at 0.6723 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.6765 (61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is bounced off its support at 2.05% where a corresponding rise could occur.
USDJPY is approaching its resistance at 112.16 (61.8% Fibonacci extension, 78.6% Fibonacci retracement, horizontal pullback resistance) where it is could reverse down to its support at 111.38 (50% Fibonacci retracement, horizontal pullback support).
Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
USDCAD reversed off its resistance at 1.3389 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is could drop further to its support at 1.3351 (50% Fibonacci retracement, horizontal pullback support).
Stochastic (89, 5, 3) reversed off its resistance at 86% where a corresponding drop could occur.
EURCAD is approaching its resistance at 1.5063 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance) where it is could reverse down to its support at 1.4983 (50% Fibonacci retracement, horizontal pullback support).
Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal is expected.
USDJPY bounced nicely off its support at 110.88 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 111.31 (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is bounced off its support at 2.6% where a corresponding rise could occur.
EURNZD is approaching its resistance at 1.6737 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it is could reverse down to its support at 1.6532 (50% Fibonacci retracement, horizontal pullback support).
Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected.
GBPUSD is approaching its resistance at 1.3118 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it is could reverse down to its support at 1.3064 (61.8% Fibonacci retracement, horizontal pullback support).
Stochastic (55, 5, 3) is approaching its resistance at 74% where a corresponding reversal is expected.
USD/CHF:
Recent development observed H4 price endure and finally conquer 1.0000 (parity) to the upside, consequently unravelling the path northbound towards two layers of resistance at 1.0053 and 1.0029. What’s notable from a technical standpoint is 1.0029 also represents the 2016 yearly opening level on the weekly timeframe, and the H4 RSI indicator is seen...
EURGBP is approaching its resistance at 0.8696 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is could reverse down to its support at 0.8582 (61.8% Fibonacci retracement, horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 89.7% where a corresponding reversal is expected.
GBPUSD is approaching its support at 1.2990 (100% & 61.8% Fibonacci extension, horizontal swing low support) where it could potentially bounce to its resistance at 1.3109 (61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 4.3% where a corresponding bounce could occur.
USDJPY bounced nicely off its support at 111.01 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 111.60 (76.4% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) is bounced off its support at 2.6% where a corresponding rise could occur.
AUDJPY is approaching its resistance at 1.1283 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it is could reverse down to its support at 1.1248 (38.2% Fibonacci retracement, horizontal pullback support).
Stochastic (89, 5, 3) is approaching its resistance at 4.8% where a corresponding reversal is expected.
USD/JPY:
Global growth and trade fears returned to the forefront of the market Tuesday, with US President Trump threatening tariffs on European products. Demand for the safe-haven Japanese yen increased as a result of this, consequently hounding the USD/JPY below March’s opening level at 111.36 on the H4 timeframe into 111.
111, as is evident from the chart, is...
