CADJPY is approaching its resistance at 85.24 (100% Fibonacci extension x2, 61.8% Fibonacci retracement, horizontal swing high resistance) where price could react off and fall to its support at 83.17 (61.8% Fibonacci retirement, horizontal overlap support).
Stochastic (89, 5, 3) is approaching its resistance at 99% where a corresponding reversal could occur.
EURUSD is approaching our first support at 1.1627 (horizontal overlap support, 23.6% Fibonacci retracement) and a strong bounce might occur above this level pushing g price up to our major resistance at 1.1727 (horizontal pullback resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement). A breakout above our intermediate resistance at 1.1660 (61.8%...
Price is approaching our first resistance at 110.69 (horizontal swing high resistance, 78.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level, pushing price down to our major support at 109.98 (horizontal swing low support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (55,5,3) is also...
Price is approaching our first resistance at 111.41 (horizontal swing high resistance, 61.8% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 110.24 (horizontal swing low support, 100%, 61.8% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (55,5,3) is also approaching our...
Price is approaching our first resistance at 145.75 (horizontal swing high resistance, 50%, 76.4% Fibonacci retracement, 100% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 143.17 (horizontal swing low support, 100% Fibonacci extension).
RSI (89) is also approaching its resistance and a...
USDCHF is approaching its resistance at 0.9987 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, multiple swing high resistance) where we could see a reversal, causing price to fall to its support at 0.9919 (50% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) is testing its resistance at 98% where a corresponding reversal could occur.
GBPAUD is in a bullish channel where it is approaching its support at 1.7803 (100% Fibonacci extension, 76.4% Fibonacci retracement, 38.2% Fibonacci retracement, channel support) where a bounce up to its resistance at 1.8032 (61.8% Fibonacci extension) could occur.
Stochastic (55, 5, 3) is approaching its intermediate support where we a bounce could occur.
AUDNZD is testing its resistance at 1.0853 (100% & 61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where price could potentially react off, reversing down to its support at 1.0782 (38.2% Fibonacci retracement, horizontal overlap support).
Stochastic (89, 5, 3) is approaching its resistance at 94% where a corresponding...
USDJPY reversed nicely off its resistance at 110.69 (100% Fibonacci extension x2, horizontal swing high resistance) where we see it retracing back to before making a further move back down to its support at 109.70 (61.8% Fibonacci extension, horizontal swing low support).
Stochastic (55, 5, 3) reversed off its intermediate resistance at 90% where a corresponding...
GBPJPY is approaching its ascending support line at 144.98 (61.8% Fibonacci extension, 76.4% & 78.6% Fibonacci retracement, horizontal swing low support) where price could potentially bounce off from, to its resistance at 146.60 (61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its corresponding ascending...
EURAUD is testing its resistance at 1.5818 (100% & 61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) price could potentially react off, causing price to fall to its support at 1.5672 (38.2% Fibonacci retracement, horizontal swing low support). We do have to be cautious of the intermediate support at 1.5748 (61.8% Fibonacci...
NZDJPY is approaching its support at 74.65 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, multiple swing low support) where price could potentially bounce from to its resistance at 76.11 (38.2% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 6% where a corresponding bounce could occur.
USDCHF is testing its resistance at 0.9921 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where it could potentially drop furhter to it support at 0.9856 (horizontal swing low support).
Stochastic (34, 5, 3) has reversed off its intermediate resistance at 85% where a corresponding drop could occur.
Entirely engulfing Monday’s gains, the shared currency took to the downside on Tuesday from the green zone sited on the H4 timeframe at 1.1734/1.17 (comprised of June’s opening level at 1.1705, a 61.8% H4 Fib resistance value at 1.1721 and a H4 resistance area at 1.1710-1.1734). What sealed the deal for us regarding this zone, though, was the fact that it houses...
Demand for the safe-haven yellow metal was somewhat weak on Monday, despite both European and US stock markets plunging lower on Trump’s trade policies.
Ignoring the fundamentals for a moment, though, the technical picture appears to be setting up for an advance.
Starting from the top, bullion is seen hovering within striking distance of a notable weekly...
As can be seen on the H4 chart this morning, the US dollar rose modestly against its Canadian counterpart on Monday. However, although H4 price reclaimed the 1.33 handle to the upside, the pair failed to advance beyond highs of 1.3324, consequently mildly paring gains and closing marginally back beneath 1.33 into the close.
As a result of recent movement, our...
The shared currency decorated the H4 timeframe with a series of bullish candles on Monday, following a near-touch of support at 1.1627. Price action climbed back above the 1.17 handle – the first time since the ECB’s policy meeting in mid-June – largely as a result of a descending USD.
A bare economic calendar forced the spotlight on Trump’s trade policies...
EURUSD is approaching its resistance at 1.1727 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where price could react off, causing it to fall to its support at 1.1596 (61.8% Fibonacci retracement, 100% Fibonacci extension, horizontal pullback support).
Stochastic (55, 5, 3) is testing its resistance at 95% where a...
