EURNZD is approaching its resistance at 1.6737 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it is could reverse down to its support at 1.6532 (50% Fibonacci retracement, horizontal pullback support).
Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected.
GBPUSD is approaching its resistance at 1.3118 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it is could reverse down to its support at 1.3064 (61.8% Fibonacci retracement, horizontal pullback support).
Stochastic (55, 5, 3) is approaching its resistance at 74% where a corresponding reversal is expected.
USD/CHF:
Recent development observed H4 price endure and finally conquer 1.0000 (parity) to the upside, consequently unravelling the path northbound towards two layers of resistance at 1.0053 and 1.0029. What’s notable from a technical standpoint is 1.0029 also represents the 2016 yearly opening level on the weekly timeframe, and the H4 RSI indicator is seen...
EURGBP is approaching its resistance at 0.8696 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is could reverse down to its support at 0.8582 (61.8% Fibonacci retracement, horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 89.7% where a corresponding reversal is expected.
GBPUSD is approaching its support at 1.2990 (100% & 61.8% Fibonacci extension, horizontal swing low support) where it could potentially bounce to its resistance at 1.3109 (61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 4.3% where a corresponding bounce could occur.
USDJPY bounced nicely off its support at 111.01 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 111.60 (76.4% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) is bounced off its support at 2.6% where a corresponding rise could occur.
AUDJPY is approaching its resistance at 1.1283 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it is could reverse down to its support at 1.1248 (38.2% Fibonacci retracement, horizontal pullback support).
Stochastic (89, 5, 3) is approaching its resistance at 4.8% where a corresponding reversal is expected.
USD/JPY:
Global growth and trade fears returned to the forefront of the market Tuesday, with US President Trump threatening tariffs on European products. Demand for the safe-haven Japanese yen increased as a result of this, consequently hounding the USD/JPY below March’s opening level at 111.36 on the H4 timeframe into 111.
111, as is evident from the chart, is...
USDCHF reversed off its resistance at 1.0010 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it is could drop further to its support at 0.9968 (38.2% Fibonacci retracement, horizontal pullback support).
Stochastic (89, 5, 3) reversed off its resistance at 97% where a corresponding drop could occur.
EURUSD is approaching its resistance at 1.1283 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it is could reverse down to its support at 1.1248 (38.2% Fibonacci retracement, horizontal pullback support).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
AXY is approaching its resistance at 7.059 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance) where it is could reverse down to its support at 6.935 (horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
EURNZD is approaching its resistance at 1.6847 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is could reverse down to its support at 1.6602 (horizontal pullback support).
Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected.
EURUSD is approaching its resistance at 1.1246 (100% Fibonacci extension , 38.2% Fibonacci retracement , horizontal overlap resistance) where it could potentially drop to its support at 1.1184 (horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding bounce could occur.
Trading CFDs on margin carries high...
AUDJPY is approaching its support at 78.51 (61.8% Fibonacci extension ,horizontal swing low support, 50% Fibonacci retracement ) where it could potentially bounce to its resistance at 79.17(61.8% Fibonacci retracement , horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching its support at 5% where a corresponding bounce could occur.
Trading CFDs...
Kiwi index is approaching its support at 6.9441 (61.8% Fibonacci extension , horizontal swing low support, 61.8% Fibonacci retracement ) where it could potentially bounce to its resistance at 7.0079 (38.2% Fibonacci retracement , horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its support at 4% where a corresponding bounce could occur....
Euro index is approaching its resistance at 7.419 (61.8% Fibonacci extension , 50% Fibonacci retracement , horizontal swing high resistance) where it could potentially drop to its support at 7.0073 (61.8% Fibonacci retracement , horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 89% where a corresponding bounce could occur....
USDCAD is approaching its resistance at 1.33759 (100% Fibonacci extension , 50% Fibonacci retracement , horizontal pullback resistance) where it could potentially drop to its support at 1.3346 (38.2% Fibonacci retracement ).
Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding bounce could occur.
Trading CFDs on margin carries high...
NZDUSD is approaching its support at 0.6740 (61.8% Fibonacci extension *2, horizontal swing low support) where it could potentially bounce to its resistance at 0.6800 (38.2% Fibonacci retracement , horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its support at 4% where a corresponding bounce could occur.
Trading CFDs on margin carries...
