XAUUSD is approaching our first resistance at 1306.62 (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8%, 100% Fibonacci extension). A strong reaction might occur below this level pushing price down to our major support at 1282.10 (horizontal swing low support).
RSI (55) is also testing our long-term descending resistance line and is seeing a...
EURUSD is approaching our first support at 1.1732 (horizontal swing low support, 38.2% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1.1995 (horizontal overlap resistance, 50% Fibonacci retracement). A breakout above our intermediate resistance at 1.1839 (horizontal overlap resistance, 100%...
AUDUSD is approaching our first resistance at 0.7663 (horizontal overlap resistance, 61.8% Fibonacci retracement) where a strong reaction might occur below this level pushing price down to our major support at 0.7473 (horizontal swing low support, 76.4% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (89,5,3) is also seeing a bearish divergence and...
XAGUSD (Silver) is testing major resistance at 16.85 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance) and a strong drop could occur at this level to push prices all the way down to major support at 16.29 (Fibonacci retracement, horizontal swing low support).
Stochastic (55,5,3) is seeing major resistance at 93% where a corresponding...
USDCHF has finally broken our support-turned-resistance at 0.9831 triggering a strong bearish drop from here. We are aided by strong bearish momentum from our bearish channel and our bearish Ichimoku cloud.
We are waiting for some strength to push prices back up to resistance at 0.9831 (Fibonacci retracement, horizontal pullback resistance, breakout level).
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EURJPY is testing strong resistance at 130.21 (Fibonacci retracement, horizontal overlap resistance, bearish divergence) and a strong drop could occur from here to push prices all the way down to major support at 125.16 (Fibonacci extension, horizontal swing low support).
Stochastic (21,5,3) is seeing major resistance at 95% where a corresponding reaction could...
Bitcoin is testing major resistance at 7738 (Fibonacci retracement, horizontal swing high resistance) and a strong reaction could occur at this level to push prices all the way down to major support at 7529 (Fibonacci retracement, horizontal overlap support).
Stochastic (55,5,3) is seeing major resistance at 90% where a corresponding reaction could occur.
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CADJPY is testing major support at 85.04 (Fibonacci retracement, horizontal overlap support, bullish ichimoku cloud) and a strong bounce could occur at this level to push prices all the way up to major resistance at 85.83 (horizontal overlap resistance). We do have to be wary of intermediate resistance at 85.53 (Fibonacci retracement, horizontal swing high...
XAGUSD is testing major resistance at 16.66 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance) and a strong reaction could occur at this level to push prices all the way down to major support at 16.29 (Fibonacci extension, horizontal swing low support).
Stochastic (55,5,3) is seeing major resistance at 96% where a corresponding reaction...
EURUSD has broken out of major resistance-turned-support at 1.1719 (Fibonacci retracement, horizontal overlap support, Ichimoku cloud) and looks poised to potentially rally up to 1.1840 before 1.1968 (Fibonacci retracement, horizontal overlap resistance).
RSI (89) sees multiple bullish exits signalling a change in momentum from bearish to bullish
Trading CFDs on...
GBPJPY is forming a nice reversal setup at 147.95 (Fibonacci extension, Elliott wave structure, bearish divergence) and a strong reaction could occur at this level to push prices all the way down to major support at 146.15 (Fibonacci retracement, horizontal swing low support).
Stochastic (55,5,3) is seeing major resistance at 95% where a corresponding reaction...
AUDCAD is testing strong resistance at 0.9897 (Fibonacci retracement, Fibonacci extension, Elliott wave structure) and a strong reaction could occur at this level to push prices all the way down to major support at 0.9762 (Fibonacci retracement, horizontal swing low support).
Stochastic (55,5,3) is seeing major resistance at 97% where a corresponding reaction...
GBPJPY is now testing major resistance at 147.40 (Fibonacci retracement, horizontal pullback resistance) and a strong reaction could occur at this level to push prices all the way down to major support at 143.40 (Fibonacci extension, horizontal swing low support).
Stochastic (55,5,3) is seeing major resistance at 96% where a corresponding reaction could occur.
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USDJPY is approaching strong resistance at 110.61 (Fibonacci extension, horizontal pullback resistance, Fibonacci retracement, Elliott wave structure) and a strong reaction could occur at that level push price all the way down to major support at 109.38 (Fibonacci retracement).
Stochastic (55,5,3) is seeing major resistance below 97% where a corresponding reaction...
USDCHF is under heavy bearish pressure from our bearish channel and bearish Ichimoku cloud. We watch for the break of major support at 0.9831 to potentially open a big drop down to major support at 0.9742 (long term Fibonacci retracement).
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Losses can exceed the initial investment so please ensure you fully understand...
S&P500 is testing major resistance at 2741 (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to push prices all the way down to major support at 2679 (Fibonacci retracement, Fibonacci extension, horizontal overlap support).
Stochastic (55,5,3) is also seeing major resistance at 97% where a...
GBPJPY is approaching strong resistance area at 147.27 (Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to push prices all the way down to major support at 143.40 (Fibonacci extension, horizontal swing low support).
Stochastic (55,5,3) is seeing major resistance at 96% where a corresponding reaction could...
CADJPY is testing major resistance at 85.04 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and a strong reaction could occur at this level to push prices all the way down to major support at 83.12 (Fibonacci extension, horizontal swing low support).
Stochastic (89,5,3) is seeing major resistance at 94% where a corresponding reaction...
