USDJPY is approaching our major support level at 106.35 (horizontal overlap support, 50% Fibonacci retracement ). A strong reaction can occur at this level pushing price up to our next major resistance at 107.18 (horizontal swing high resistance, 23.6%, 78.6% Fibonacci retracement ).
RSI (55) is also approaching its support level 50% and is a good precursor for...
GBPUSD broke out of its long term descending pullback support line and is currently testing our major resistance level at 1.3995 (horizontal swing high resistance, 50%, 78.6% Fibonacci retracement , 100% Fibonacci extension ). A breakout of this level could push price up to our next major resistance at 1.4070 (horizontal swing high resistance, 61.8% Fibonacci...
ASX is approaching its support area at 5905.6 (61.8% Fibonacci extension , 76.4% Fibonacci retracement , horizontal swing low support) where a potential bounce could occur, pushing price up to its 1st resistance at 6034.6 (76.4% Fibonacci retracement , horizontal swing high resistance), or possibly to its 2nd resistance at 6081.7 (horizontal swing high...
GBPUSD is approaching major resistance at 1.3923 (100% Fibonacci extension , 61.8% Fibonacci extension x2, 61.8% Fibonacci retracement , 50% Fibonacci retracement , horizontal overlap resistance) and could potentially fall to its 1st support at 1.3708 (61.8% Fibonacci extension , L T 100% Fibonacci extension , horizontal swing low support) or to its 2nd support at...
USDJPY is testing its horizontal overlap support at 106.35 which coincides with its long term descending pullback support line. Should this level hold, a strong bounce could occur at this level pushing price up to its next major resistance at 107.58 (horizontal swing high resistance, 100% Fibonacci extension , 23.6% Fibonacci retracement ).
Stochastic (21,5,3)...
AUDUSD is testing its major resistance at 0.7891 (horizontal overlap resistance, 38.2%, 61.8% Fibonacci retracement , 100% Fibonacci extension ). A major reaction could occur at this level, pushing price down to its next major support at 0.7772 (Horizontal overlap support, 61.8% Fibonacci retracement , 61.8% Fibonacci extension ).
Stochastic (55,5,3) is also...
USDCAD is approaching its support area between 1.2788 (38.2% Fibonacci retracement ) and 1.2760 (100% Fibonacci extension ) where a bounce could occur, causing price to potentially rise to its 1st resistance at 1.3002 (horizontal swing high resistance). We have also identified another support level at 1.2720 (50% Fibonacci retracement , 76.4% Fibonacci retracement...
EURAUD is approaching its support at 1.5615 (61.8% Fibonacci extension , 50% Fibonacci retracement , L T 23.6% Fibonacci retracement , multiple swing low support) where a reaction could occur and price could potentially rise to its 1st resistance at 1.5807 (50% Fibonacci retracement , horizontal overlap resistance) or if it breaks past this leave, it could rise...
AUDUSD broke out of its long term descending resistance line and horizontal overlap support level at 0.7834 (23.6% Fibonacci retracement , horizontal overlap support). A strong reaction could occur at this level pushing its price up to our next resistance level at 0.7891 (horizontal overlap resistance, 61.8% Fibonacci retracement , 100% Fibonacci extension ). A...
NZDUSD broke out of its short-term term descending resistance line and horizontal overlap support level at 0.7307 (50% Fibonacci retracement , horizontal overlap support). A strong reaction could occur at this level pushing its price up to our next resistance level at 0.7345 (61.8% Fibonacci retracement , 61.8%, 100% Fibonacci extension , horizontal swing high...
AUDUSD is testing major support at 0.7781 (Fibonacci retracement, horizontal overlap support, ascending support) and a strong drop could occur from here if our ascending support line is broken with strength.
Our next major support is at 0.7717 (Fibonacci extension, horizontal swing low support) which is the level price could drop to if it breaks our support. It's...
USDCAD is testing support at 1.2875 (fibonacci retracement, horizontal swing low support, ascending support) and breaking this level would trigger a strong drop to 1.2761 (fibonacci retracement, fibonacci extension, horizontal pullback support).
We can also see stochastic (89,5,3) reacting nicely off our 97% with good downside potential.
AUDJPY reacted of our major resistance at 83.26 (horizontal overlap resistance, 61.8% Fibonacci extension , 50% Fibonacci retracement, 23.6% fibonacci retracement, descending resistance ) which coincides with the long term descending resistance line. A strong reaction could occur at this level, pushing price down to our next major support at 82.50 (horizontal...
EURAUD testing support at 1.5795 (100% Fibonacci extension , 50% Fibonacci retracement , L T 23.6% Fibonacci retracement , horizontal overlap support) and could potentially rise to its resistance area between 1.5948 and 1.5978 (61.8% Fibonacci extension , swing high resistance). We have also identified another support at 1.5718 (76.4% Fibonacci retracement ,...
XAUUSD is approaching its support at 1317.69 (61.8% Fibonacci extension , 61.8% Fibonacci retracement , horizontal swing low support) where a reversal could happen and price could potentially rise to its resistance area between 1336.67 (61.8% Fibonacci extension , 61.8% Fibonacci) and 1340.60 (61.8% Fibonacci retracement , horizontal swing high resistance). If...
NZDUSD is bouncing off its support level at 0.7271 (horizontal overlap support, 38.2% Fibonacci retracement ) which coincides with the short term ascending support line. A strong reaction could occur at this level, pushing price up to our next major resistance at 0.7309 (50% Fibonacci retracement , horizontal overlap resistance).
RSI (89) is also boucning off...
LTCUSD tested its support at 194.484 (76.4% Fibonacci retracement , horizontal swing low support) and a potential rise could occur to its resistance at 217.160 (61.8% Fibonacci retracement , horizontal swing high resistance).
Stochastic (89, 5, 3) shows a bullish divergence which suggest a corresponding increase in price could occur.
