Gold tested our major resistance and reversed perfectly from 1361 (ABC Fibonacci extension, horizontal swing high resistance) pushing price all the way down to our 1344 support (Fibonacci retracement, horizontal pullback support) as expected before bouncing up. This remains the key support to be broken before potentially another drop to 1325 support (Fibonacci...
Bitcoin has tested our descending resistance and continues to test major resistance at 11790 (61.8% Fibonacci retracement, horizontal overlap resistance, long term descending resistance line) where a strong reaction could occur at this level to push price down towards 9470 support (Fibonacci extension, horizontal swing low support).
Stochastic (55,5,3) is seeing...
Gold is testing major resistance at 1361 (ABC Fibonacci extension, horizontal swing high resistance) and a reversal could occur at this level to push price down towards 1344 support (Fibonacci retracement, horizontal pullback support) before 1325 support (Fibonacci retracement, horizontal swing low support).
Stochastic (55,5,3) is seeing major resistance at 99%...
Ethereum has made a bullish exit of our long term descending resistance-turned-support line triggering more bullish momentum. We’re seeing intermediate ascending support holding it up really nicely too. Our major support is at 1008 where a further bounce could occur towards 1164 resistance (Fibonacci retracement, horizontal swing high resistance).
RSI (34) has...
Bitcoin is fast approaching major resistance at 11790 (61.8% Fibonacci retracement, horizontal overlap resistance, long term descending resistance line) and a strong reaction could occur at this price to push price down towards 9470 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance at 96% where a...
EURUSD is testing major resistance at 1.2294 (Fibonacci extension, horizontal swing high resistance, bearish butterfly harmonic formation) and a strong drop could occur from this level pushing price all the way down to 1.2090 support (Fibonacci retracement, horizontal pullback support).
Stochastic (55,5,3) is seeing major resistance at 97% where a corresponding...
EURGBP is now testing major support at 0.8766 (Fibonacci retracement, horizontal swing low support, Fibonacci extension) and a bullish bounce could occur at this level pushing price up to at least 0.8914 resistance (Fibonacci retracement, horizontal swing high resistance).
Stochastic (21,5,3) is seeing major support above 4.3% where a corresponding bounce could...
Silver continues to test major resistance at 17.03 (Fibonacci retracement, breakout area) and a potential reversal could occur at this level. We can see that price has made a bearish exit of our long term ascending support-turned-resistance line and coupled with a bearish divergence, this could be the setup for a strong drop.
RSI (34) has made a bearish exit of...
Ripple remains above major support at 1.2007 (Fibonacci retracement, horizontal overlap support) and a potential bounce could occur at this level to push price all the way up to 1.7564 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (55,5,3) is seeing major support above 39% where a bounce could occur in the intermediate future. It...
Litecoin is in a descending channel with first major support at 167.12 (Fibonacci retracement, horizontal swing low support). Only a break of this support could trigger a bearish move down to 140.49 support (Fibonacci extension, horizontal swing low support).
RSI (34) is in a descending channel similar to the one we’re seeing in price.
Trading CFDs on margin...
EURAUD is testing major resistance at 1.5354 (Fibonacci retracement, horizontal overlap resistance) and a reaction off this level could be expected to push price down to 1.5267 support (Fibonacci extension, horizontal swing low support).
Stochastic (55,5,3) is seeing major resistance at 97% where a corresponding reaction could occur.
Trading CFDs on margin...
Bund is hovering really nicely above major support at 160.40 (Fibonacci extension, Fibonacci retracement, horizontal swing low support) and a bounce could occur at this level. If price breaks through our descending resistance line, this would add much more conviction to the potential bounce up to 161.88 resistance (Fibonacci retracement, horizontal overlap...
Brent crude oil is starting to show bearish signs and a potential reversal. Our major support remains at 68.60 (Fibonacci retracement, horizontal overlap support) and a break of this would trigger a bearish move down to support at 65.98 (Fibonacci retracement, horizontal pullback support). We can see that price has made a recent bearish exit of an intermediate...
Bitcoin is in a strong descending channel and we’re seeing major resistance at 11016 (Fibonacci retracement, horizontal overlap resistance). Our next major support is at 9470 (Fibonacci extension, horizontal swing low support). We remain bearish as long as price remains in this descending channel.
Trading CFDs on margin carries high risk.
Losses can exceed the...
AUDUSD is starting to reverse nicely! We are still in an ascending channel that stretches all the way back to December 2017 so only a break of this major channel would trigger a much more bearish move. Right now we’re seeing a close below 0.7988 as the first sign that a possible reversal could be occurring.
RSI (34) sees an ascending support line holding up...
Talking points:
- Investors prefer not to take risks before the decision of the Bank of Japan, fix profits;
- Democrats and Republicans can not agree on financing the government, investors are slow to sell the dollar - because the consequences for the economy are not obvious. The Senate will vote on Monday;
- OPEC excites the market with a statement that...
Bitcoin bounced right up to our first major resistance perfectly as forecast previously! It is now right on major support at 11060 (50% Fibonacci retracement, horizontal swing low support, Fibonacci extension) and a strong bounce could occur at this level to push price up to at least 12912 resistance (Fibonacci retracement, horizontal overlap resistance, Fibonacci...
CADJPY is seeing major support above 88.57 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) and a strong bounce could occur above this level to push price up to first major resistance at 89.55 (Fibonacci retracement, horizontal swing high resistance).
Stochastic (55,5,3) is seeing major support above 1.9% where a bounce is occurring nicely...
