ASX reversed nicely off its resistance at 6037 (50% Fibonacci retracement, horizontal overlap resistance) where it could potentially fall to its support at 5920 (61.8% Fibonacci extension x2, 50% Fibonacci retracement).
Stochastic (34, 5, 3) reversed off its resistance at 96% where a corresponding drop could occur.
NZDJPY reversed nicely off its resistance at 76.31 (100% Fibonacci extension, 61.8% & 38.2% Fibonacci retracement, horizontal overlap resistance) where price could potentially fall to its support at 74.56 (61.8% Fibonacci extension, horizontal swing low support). We do have to be cautious of the intermediate support at 75.40 (50% Fibonacci retracement, horizontal...
AUDNZD bounced nicely off its support at 1.0818 (50% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap support) where price could rise to its resistance at 1.0940 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) shows a corresponding bounce off its support at 4.7%. We have also...
EURGBP tested its major resistance at 0.8787 (61.8% Fibonacci retracement, 61.8% Fibonacci retracement, 100% Fibonacci extension, descending resistance line) where price could fall to its support at 0.8699 (horizontal swing low support). We do have to be cautious of the intermediate support at 0.8724 (61.8% Fibonacci extension, 61.8% Fibonacci retracement,...
USDCAD is approaching its resistance at 1.3079 (61.8% Fibonacci extension x 2, horizontal swing high resistance) where we it could potentially fall to its support at 1.2728 (61.8% Fibonacci retracement, horizontal swing low support). We do have to be cautious of the intermediate support at 1.2919 (23.6% Fibonacci retracement, horizontal overlap support)....
AUDUSD bounced nicely off its support at 0.7481 (61.8% & 78.6% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 0.7543 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance). We have also identified another support at 0.7449 (78.6% Fibonacci retracement, horizontal swing low...
GBPJPY is approaching its support at 143.08 (Horizontal overlap support, 78.6% Fibonacci retracement , 100% Fibonacci extension ) where price could bounce above this level to our resistance at 146.20 (horizontal pullback resistance, 100% Fibonacci extension , 50% Fibonacci retracement ).
Stochastic (55,5,3) is also seeing a bullish divergence and is approaching...
CADCHF is testing its resistance at 0.7610 (horizontal pullback resistance, 23.6% Fibonacci retracement) where price could potentially drop to its major support at 0.7480 (horizontal swing low support, 61.8% Fibonacci retracement , 61.8% Fibonacci extension ). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
RSI (55) is also...
XAUUSD is approaching our first resistance at 1301.45 (horizontal overlap resistance, 50% Fibonacci retracement) and price might potentially drop to our first support at 1288.55 (horizontal swing low support, 76.4% Fibonacci retracement). A breakout below our intermediate support at 1297.49 (horizontal overlap support, 38.2% Fibonacci retracement) might provide...
NZDUSD is approaching our first resistance at 0.6982 (horizontal overlap resistance, 23.6% Fibonacci retracement) and price might potentially drop to our first support at 0.6784 (horizontal swing low support). A breakout below our short term ascending support line might provide the bearish acceleration to our first support target.
RSI is also approaching our...
CADCHF is approaching our first support at 0.7610 (horizontal swing low support, 38.2% Fibonacci retracement, 100% Fibonacci extension) where price might bounce above this level and potentially rise to our first resistance at 0.7696 (horizontal swing high resistance, 50% Fibonacci retracement).
Stochastic (21,5,3) is also seeing a bullish divergence in where we...
EURGBP is approaching our resistance at 0.8740 (Horizontal overlap resistance, 23.6% Fibonacci retracement ) where price might potentially drop below this level to our major support at 0.8718 (horizontal swing low support, 61.8% Fibonacci extension).
RSI (55) is also seeing a bearish exit, in line with our bearish bias.
USDCAD is testing our first resistance at 1.2993 (horizontal swing high resistance, 100% Fibonacci extension 78.6% Fibonacci retracement) and price might potentially drop to our first support at 1.2911 (horizontal pullback support, 38.2% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance and a reaction off this level might see a...
NZDUSD is approaching our first resistance at 0.6974 (horizontal swing high resistance, 23.6%, 50% Fibonacci retracement, 100% Fibonacci extension) where price might potentially drop to our first support at 0.6885 (horizontal swing low support, 76.4% Fibonacci retracement, 100% Fibonacci extension).
Stochastic is also approaching resistance and we might see a...
XAUUSD is approaching our first resistance at 1301.45 (horizontal pullback resistance, 38.2% Fibonacci retracement) where price might potentially drop to our first support at 1288.55 (horizontal swing low support, 76.4% Fibonacci retracement). A breakout below our intermediate support at 1297.49 (horizontal overlap support, 38.2% Fibonacci retracement) might...
EURUSD is approaching its resistance at 1.1829 (horizontal overlap resistance, 23.6%, 50% Fibonacci retracement, 100% Fibonacci extension) price might potentially drop to its major support at 1.1553 (horizontal swing low support, 100% Fibonacci extension, 50% Fibonacci retracement).
RSI (55) is also seeing facing bearish pressure from our descending resistance line.
AUDJPY is approaching our first resistance at 83.10 (horizontal swing high resistance, 38.2% Fibonacci retracement) where price might potentially drop to our first support at 82.41 (horizontal swing low support, 61.8% Fibonacci retracement). A breakout below this level might push price down to our second support at 81.17 (horizontal swing low support, 100%...
USDJPY is approaching our first resistance at 109.75 (horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where price might potentially drop to its support at 108.95 (horizontal swing low support, 100% Fibonacci extension).
Stochastic (21,5,3) is also approaching its major resistance and a reaction off this level might see a...
