CADCHF is approaching its support at 0.7432 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where price could bounce up to its resistance at 0.7609 (38.2% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 3.03% where a corresponding bounce could occur.
Early trade on Tuesday witnessed a strong round of selling take place, as traders favored the safe-have yen on escalating tensions between the US and China. As is shown on the H4 chart, the downside move breached the 110 handle and clocked fresh lows of 109.55 as we entered European hours. On the back of a recovery in US equities, said lows remained supportive and...
EURGBP reversed off its resistance at 0.8778 (100% Fibonacci extension, 50% Fibonacci retracement x2, horizontal overlap resistance) price could drop to its support at 0.8723 (horizontal swing low support).
Stochastic (55, 5, 3) reversed nicely off its resistance at 97%.
EURAUD reversed nicely off its resistance at 1.5731 (50% Fibonacci retracement x2, horizontal swing high resistance) where it could drop to its support at 1.5550 (61.8% Fibonacci extension, 61.8% & 38.2% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) reversed off its resistance at 97% where a corresponding drop could occur.
CADJPY is approaching its support at 83.07 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where price could bounce from, rising to its resistance at 84.42 (100% Fibonacci extension, 50% & 61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) is approaching support at 4.4% where a corresponding...
GBPAUD is testing its resistance at 1.7916 (50%, 61.8% & 76.4% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse, causing price to fall to its support at 1.7724 (38.2% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur. We...
AUDNZD is testing its support at 1.0723 (78.6% & 50% Fibonacci retracement, 100% Fibonacci extension x2, horizontal overlap support) where price could rise to its resistance at 1.0833 (50% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) is testing its support at 5% where a corresponding rise could occur.
USDJPY reversed nicely off its resistance at 110.90 (100% Fibonacci extension, 61.8% Fibonacci extension, horizontal swing high resistance) where price could fall to its support at 109.53 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 97% where it still has a lot of...
NZDJPY is approaching its support at 76.21 (100% & 61.8% Fibonacci extension, 50% Fibonacci retracement, Horizontal overlap support) wherea bounce could occur, causing price to rise to its resistance at 77.5 (100% Fibonacci extension, horizontal swing high resistance).
Stochastic ( 55, 5, 3) is testing its support at at 6% where a corresponding bounce could occur.
USDCAD is testing its resistance at 1.3213 (100% Fibonacci extension, horizontal overlap resistance) where price could potentially react off, causing it to fall to its support at 1.2956 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching resistance at 99% where a corresponding reaction could occur.
USDJPY is testing its resistance at 110.61 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse off, causing price to fall to its support at 110.00 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) is approaching resistance at 97% where...
EURUSD is approaching our first resistance at 1.1814 (horizontal swing high resistance, 76.4% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction might occur below this level, pushing price down to our major support at 1.1734 (horizontal overlap support, 50% Fibonacci retracement, 100% Fibonacci extension).
Stochastic (55,3) is also approaching...
EURAUD bounced off his support at 1.5444 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) and we expect it to rise further to its resistance at 1.5655 (horizontal swing high resistance). We do have to be cautious of the intermediate resistance at 1.5555 (50% Fibonacci retracement, horizontal overlap resistance).
Stochastic...
XAUUSD reversed nicely off its resistance at 1307 (61.8% Fibonacci retracement, 38.2% Fibonacci retracement, horizontal swing high resistance) where price could potentially fall to its support at 1293 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) reversed nicely off the resistance at 96% where a...
AUDNZD is testing is support at 1.0723 (76,4% Fibonacci retracement, 50% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap support) where price could rise to its resistance at 21.0837 (61.8% Fibonacci retracement, horizontal overlap resistance)
Stochastic (55, 5, 3) is approaching its support at 4.5% where a corresponding bounce could occur.
USDCAD is approaching its resistance at 1.3130 (100% Fibonacci extension x3, horizontal swing high resistance) where a reversal could occur, causing price to fall to its support at 1.2918 (100% Fibonacci extension, 74.6% Fibonacci retracement, horizontal swing low).
Stochastic (55, 5, 3) is approaching its resistance at 99% where a corresponding reversal could occur.
EURAUD is approaching its resistance at 1.5623 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where it could potentially react off, causing price to fall to its support at 1.5444 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support)
Stochastic (55, 5, 3) is approaching resistance at 95%...
AUDUSD is approaching its support at 0.7560 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where we a bounce could occur, causing price to rise to its resistance at 0.7659 (61.8% & 50% Fibonacci retracement, horizontal overlap resistance).
Stochastic (89, 5, 3) is approaching its support at 9.6% where a corresponding bounce...
