EURJPY is approaching its support at 127.77(100% Fibonacci extension x2, 61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where price could bounce to its resistance at 130.20 (50% & 61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (89, 5, 3) is approaching its support at 1.93% where a corresponding bounce...
On Wednesday, China’s Commerce Ministry announced it will slap 25% tariffs on USD 16bln worth of US imports, and will begin collecting these tariffs from August 23rd. China said the moves were necessary counter-measures to US tariffs. Demand for the safe-haven yen pulled the USD/JPY beneath the 111 handle in recent trade, consequently exposing a green H4 support...
GPDAUD is approaching support at 1.7404 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swimg low support) where price could potentially rise to its resistance at 1.7614 (38.2% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is testing its support at 1.71% where a corresponding rise could occur.
AUDJPY is approaching its resistance at 82.75 (61.8% Fibonacci extension, 38.2% & 61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse back down to its support at 82.01 (100% Fibonacci extension, 50% & 61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its resistance at...
USDCAD is approaching its resistance at 1.3084 (61.8% Fibonacci extension x2, 38.2% Fibonacci retracement, horizontal swing high resistance) where it could reverse down to its support at 1.2967 (50% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal is expected.
AUDUSD is approaching its resistance at 0.7438 (100% & 61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance) where a reversal to its support at 0.7382 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) could occur.
Stochastic (55, 5, 3) has reversed off its resistance at 96% where a...
US equities extended gains on Tuesday, punching to highs of 25649. A lack of fresh headlines on trade conflict allowed investors to remain focused on upbeat earnings figures.
As a result of yesterday’s move north the July 27 high at 25559 was engulfed, forcing the H4 candles into supply territory at 25685-25535. While this H4 supply will likely be no ‘walkover’,...
AUDNZD is testing its resistance at 1.0985 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 1.0843 (38.2% Fibonacci retracement, horizontal swing low support).
Stochastic (89, 5, 3) is testing its resistance at 97% where a corresponding reversal could occur.
GBPJPY is approaching support at 143.24 (100% Fibonacci extension, 76.4% & 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce up to its resistance at 145.35 (50& 38.2% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching its support at 1.5% where a corresponding bounce could occur.
EURGBP is testing its resistance at 0.8932 (61.8% Fibonacci extension, 61.8% & 76.4% Fibonacci retracement, horizontal swing high resistance) where a reversal to its support at 0.88911 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) is expected.
Stochastic (89, 5, 3) has reversed off its resistance at 95% where a...
USDJPY is approaching its support at 110.59 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where price could bounce to its resistance at 112.18 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (89, 5, 3) is approaching its support at 4.8% where a corresponding bounce could...
Weekly Gain/Loss: -0.47%
Weekly Closing price: 1.2990
Weekly perspective:
Over the course of last week’s session, the USD/CAD eked out a third consecutive weekly loss after retesting the underside of a recently engulfed weekly support 1.3086 as resistance. In terms of obvious support beneath 1.3086, we do not see a whole lot stopping this market from reaching as...
GBPJPY is testing its support at 144.66 (61.8% Fibonacciu extension, 76.4% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 146.95 (50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is testing its support at 4.8% where a corresponding bounce could occur.
AUDUSD is approaching its resistance at 0.7407 (50% & 61.8% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop to its support at 0.7372 (61.8% Fibonacci retracement, horizontal pullback support).
Stochastic (55, 5, 3) is approaching its resistance at 93% where a corresponding reversal could occur.
EURJPY is approaching its support at 128.56 (100%, 100% Fibonacci extension, 50% & 61.8% Fibonacci retracement, horizontal overlap support) where it is expected to bounce up to its resistance at 130.20 (50% & 61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (89, 5, 3) is approaching its support at 1.9% where a corresponding bounce is expected.
CADCHF is testing its resistance at 0.7656 (100% Fibonacci extension x2, 61.8% Fibonacci retracement, horizontal swing high resistance) where a reversal to its support at 0.7591 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) could occur.
Stochastic (89, 5, 3) has reversed off its resistance at 95% where a corresponding drop...
Weekly Gain/Loss: -0.77%
Weekly Closing price: 1.1565
Weekly perspective:
Flavor for EUR/USD longs soured over the course of last week after jabbing the underside of a resistance area seen at 1.1717-1.1862, forcing the unit beneath trend line support (taken from the low 1.0340). Should price extend losses this week, the expectation is for a test of support at...
Across the board, the USD advanced higher with the DXY firmly reclaiming 95.00 status. Demand for the US dollar placed bullion under pressure on Thursday, pulling the H4 candles towards Quasimodo support sited at 1207.1. Although this level is bolstered by H4 RSI divergence (blue line) out of oversold territory, buying pressure from this base is likely weak. Our...
