USDCAD is approaching our first resistance at 1.3040 (horizontal swing high resistance, 61.8% Fibonacci extension) and price might potentially drop below this level to our major support at 1.2898 (horizontal overlap support, 76.4% Fibonacci retracement, short term ascending support line). Ichimoku cloud is also showing signs of bearish pressure in line with our...
GBPUSD is approaching our first support at 1.3370 (horizontal swing low support, 38.2% Fibonacci retracement) which coincides with our short term ascending support line where a strong bounce might occur, pushing price up to our major resistance at 1.3466 (horizontal swing high resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement). Ichimoku cloud is...
AUDUSD is approaching our first resistance at 0.7612 (horizontal overlap resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) and is testing our short term ascending pullback resistance line where price might potentially drop to our major support at 0.7561 (horizontal swing low support).
RSI (55) is approaching our resistance and a reaction off this...
EURUSD is approaching our first resistance at 1.1826 (horizontal overlap resistance, 61.8% Fiboancci retracement) and price might potentially fall to our major support at 1.1646 (horizontal overlap support, 61.8% Fibonacci retracement). A breakout below our intermediate support at 1.1729 (horizontal overlap support, 38.2% Fibonacci retracement) might provide the...
NZDJPY broke past its support turned resistance at 77.41 (horizontal overlap resistance) where price could potentially fall further to its major support at 76.49 (38.2% Fibonacci retracement, horizontal pullback support).
Stochastic (89, 5, 3) reversed off its resistance at 97% where a corresponding drop down could occur.
NZDUSD reversed off its resistance at 0.7046 (100% Fibonacci extension, horizontal overlap resistance) where it could potentially fall to its next support at 0.6986 (38.2% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) has made a bearish exit from its ascending support line which contributes to our bearish bias.
EURUSD reversed off its resistance at 1.1837 (61.8% & 38.2% Fibonacci retracement, horizontal overlap resistance) where it could potentially fall to its support at 1.1647 (horizontal overlap support).
Stochastic (55, 5, 3) has also reversed off its resistance at 96% where a corresponding drop could occur.
CHFJPY is breaking out of its ascending channel where if it breaks past its first support at 111.42 (horizontal overlap resistance, it could confirm a move down to its next support at 110.82 (38.2% Fibonacci retracement, horizontal swing low support).
RSI (34) is also breaking out of its ascending line which contributes to our bearish bias.
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CADJPY testing its support at 84.94 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance t 85.83 (horizontal overlap resistance).
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AUDCAD is approaching resistance at 0.9961 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse from, causing price to fall to its support at 0.9839 (horizontal pullback support).
Stochastic (55, 5, 3) is approaching resistance at 97% where a corresponding reaction could occur.
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UKOIL is approaching its support at 75.01 (61.8% Fibonacci retracement , 61.8% Fibonacci extension, horizontal overlap support) where it could potentially rise to its resistance at 78.14 (100% Fibonacci extension , horizontal overlap resistance).
Stochastic (89, 5, 3) is approaching its support at 2.8% where a corresponding bounce could occur.
USDCHF is being held in a descending channel where if it breaks its 1st support at 0.9831 (horizontal swing low, it could potentially fall to its next support at 0.9724 (38.2% Fibonacci retracement).
RSI (89) is in the same descending channel and Ichimoku cloud is also showing signs of bearish pressure which contributes to our bearish bias.
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BCOUSD has made a bullish exit from its descending resistance turned support line where it could potentially rise to its major resistance at 76.44 (50% Fibonacci retracement, horizontal overlap resistance) after bouncing off its support at 75.20 (horizontal overlap support).
RSI (89) has made a bullish exit from its descending channel and the ichimoku cloud shows...
CADCHF reversed off its resistance at 0.7613(61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially fall to its support at 0.7569 (horizontal swing low support).
RSI (89) is held down by a descending resistance line and the ichimoku cloud shows signs of downward pressure which contributes to our bearish bias.
GBPJPY is testing its resistance at 147.32 (61.8% & 38.2% Fibonacci retracement, horizontal overlap resistance) where a potential reversal might occur, causing price to fall to its support at 145.31 (38.2% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) is testing resistance at 95% where a corresponding reaction could occur.
CADJPY is testing its resistance at 85.04 (50% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse and fall to its support at 83.12 (horizontal swing low support).
Stochastic (89, 5, 3) is testing resistance at 94% where a corresponding reaction could occur.
EURJPY is approaching its resistance at 129.05 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance) where price could potentially react off, causing it to fall to its support at 125.16 (horizontal swing low support).
Stochastic (34, 5, 3) is approaching its resistance at 95% where a corresponding reaction could occur.
AUDUSD reversed nicely from its resistance at 0.7662 (61.8% & 50% Fibonacci retracement, horizontal overlap resistance, channel resistance) where price could fall to its support at 0.7529 (76.4% & 61.8% Fibonacci retracement, horizontal overlap support). We do have to be cautious of the intermediate support at 0.7586 (100% Fibonacci extension, 38.2% Fibonacci...
