GBPNZD is approaching its support at 1.9593 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.9881 (38.2% Fibonacci retracement, horizontal swing high resistance). Stochastic (89, 5, 3) is approaching its support at 3.7% and there may be bullish divergence with price,...
EURJPY is approaching its support at 126.84 (61.8% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 128.37 (50% Fibonacci retracement, horizontal overlap resistance). Stochastic (89, 5, 3) is approaching its support at 2.2% where a corresponding bounce could occur.
NZDUSD is approaching its resistance at 0.6536 (50% & 76.4% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 0.6496 (61.8% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
EURCAD is testing its resistance at 1.4944 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where a potential reversal to its support at 1.4850 (61.8% Fibonacci retracement, horizontal swing low support) could occur. Stochastic (55, 5, 3) has reversed off its resistance at 97% where a corresponding drop could occur.
NZDJPY is approaching its support at 72.40 (61.8% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 74.22 (61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic (89, 5, 3) is approaching its support at 2.3% where a corresponding bounce could occur.
USDCAD is approaching its resistance at 1.3128 (100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse to its support at 1.2978 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 94.8% where a corresponding...
NZDUSD is testing its support at 0.6491 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.6541 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance). Stochastic (89, 5, 3) is approaching its support at 2.1% where a corresponding bounce could occur.
GBPUSD is approaching its support at 1.2798 (78.6% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.2912 (23.6% Fibonacci retracement, horizontal overlap resistance). Stochastic (55, 5, 3) is approaching its support at 2.6% where a corresponding bounce could occur.
The British pound sank to lows of 1.2796 Thursday, its lowest since early September. Broad-based USD strength, coupled with ongoing Brexit concerns, weighed on market sentiment. Latest headlines to emerge on the Brexit front came from UK Brexit Secretary Raab, noting that planning and preparations are in place to mitigate risks of a no-deal, saying the risk of a...
XAUUSD is testing its resistance at 1236.82 (61.80% & 100% Fibonacci extension , 38.2% Fibonacci retracement , horizontal overlap resistance) where it could potentially reverse down to its support at 1215.95 (61.80% Fibonacci extension , 38.2% Fibonacci retracement , horizontal overlap support). Stochastic (55, 5, 3) is approaching its resistance at 95% and there...
NZDJPY bounced nicely off its support at 72.76 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 73.35 (100% Fibonacci extension , 38.2% Fibonacci retracement, horizontal overlap resistance). Stochastic (89, 5, 3) is bounced off its support at 4.4% and there may be bullish...
EURGBP is approaching its resistance at 0.8859 (100% Fibonacci extension x2, 38.2% & 50% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse to its support at 0.8761 (76.4% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 92% where a corresponding reversal could occur.
EURJPY is approaching its support at 126.90 (76.4% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 129.24 (38.2% Fibonacci retracement , horizontal swing high resistance). Stochastic (89, 5, 3) is approaching its support at 0.9% where a corresponding bounce could occur.
For those who read Wednesday’s briefing you may recall the report highlighted daily resistance at 0.9986 as a possible sell zone (check out its recent history holding price action lower – it’s impressive), with conservative stop-loss orders placed above the 2016 yearly opening level at 1.0029 on the weekly timeframe (this helps clear any fakeout play around...
AUDNZD is testing its resistance at 1.0823 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse to its support at 1.0781 (100% Fibonacci extension, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal could occur.
EURCAD is approaching its support at 1.4937 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1.5111 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic (89, 5, 3) is approaching its support at 4.2% where a corresponding bounce...
GBPAUD is approaching its support at 1.8259 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 1.8405 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance). Stochastic (89, 5, 3) is approaching its support at 4% where a corresponding bounce...
EURUSD is approaching its support at 1.1433 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.1542 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance). Stochastic (55, 5, 3) is approaching its support at 1.5% where a corresponding...
