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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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...
XAUUSD is approaching strong support at 1288 (Fibonacci retracement, horizontal swing low support) where a major bounce could occur to push prices all the way up to major resistance at 1297 (Fibonacci retracement, horizontal overlap resistance).
Stochastic (55,5,3) is seeing major support above 7.9% where a corresponding bounce could occur.
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NZDUSD has formed a double bottom reversal with 1st major support at 0.6964 (Fibonacci retracement, horizontal overlap support, breakout level, bullish Ichimoku cloud) and a strong rally could occur from here to push prices all the way up to major resistance at 0.7057 (Fibonacci retracement, double bottom exit potential).
RSI (55) remains in an ascending channel...
USDCAD is approaching strong resistance at 1.3072 (Fibonacci extension, horizontal swing high resistance, Fibonacci retracement) and a strong reaction could occur at this level to push prices all the way down to major support at 1.2839 (Fibonacci retracement, horizontal swing low support, Fibonacci extension).
Stochastic (89,5,3) is seeing major resistance at 96%...
EURJPY is fast approaching major resistance at 129.05 (Fibonacci extension, 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 125.16 (Fibonacci extension, horizontal swing low support).
Stochastic (21,5,3) is also seeing major resistance at 95% where a...
AUDUSD is approaching strong resistance at 0.7643 (Fibonacci retracement, horizontal pullback resistance, descending resistance line) and a strong reaction could occur at that level to push prices all the way down to major support at 0.7434 (Fibonacci extension, horizontal swing low support).
RSI (55) sees horizontal resistance at 55% where a corresponding...
XAUUSD has made a slight breakout of its ascending support line. If it breaks past its 1st support at 1297 (38.2% Fibonacci retracement, horizontal overlap support), it could be a confirmation of a further move downwards to its major support at 1288 (76.4% Fibonacci retracement, horizontal swing low support).
RSI (34) is being held up by the same ascending...
AUDNZD is approaching its support at 1.0761 (61.8% Fibonacci retracement, 38.2% Fibonacci retracement, 100% Fibonacci extension, horizontal pullback support) where price could potentially bounce off, causing price to rise to its major resistance at 1.0895 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (89, 5,...
USDX bounced nicely off its 1st support at 93.74 (100% Fibonacci extension, 23.6% Fibonacci retracement, 50% Fibonacci retracement, horizontal swing low support) where price could possible fall back to before rising to its major resistance at 94.49 (61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (89, 5, 3) bounced nicely off its support...
AUDUSD is approaching its 1st resistance at 0.7606 (50% Fibonacci retracement, 38.2% Fibonacci retracement, 23.6% Fibonacci retracement, 100% Fibonacci extension) where it could potentially react off, causing it to fall to its major support at 0.7483 (100% Fibonacci extension, 61.8% Fibonacci retracement, 76.4% Fibonacci retracement, horizontal overlap support)....
EURUSD is approaching our first resistance at 1.1733 (horizontal pullback resistance, 23.6%, 50% Fibonacci retracement) where a strong reaction might occur below this level pushing price down to our major support at 1.1542 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
RSI (55) is also...
NZDUSD is testing our first resistance at 0.6992 (horizontal overlap resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level, pushing price down to our major support at 0.6884 (horizontal swing low support 76.4% Fibonacci retracement).
Stochastic (55,5,3) is also reacting off our resistance and we...
USDCAD is approaching our first resistance at 1.2919 (horizontal pullback resistance) and a strong reaction might occur below this level pushing price down to our major support at 1.2743 (horizontal swing low support).
Stochastic (89,5,3) is seeing a bearish divergence and reacting off our resistance where we might see a corresponding drop in price.
Trading...
Nikkei is approaching our first support at 22045.5 (horizontal overlap support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 23063.7 (horizontal swing high resistance).
RSI (55) is also seeing a bullish divergence and is approaching our support where a bounce...
XAUUSD (Gold) is testing major resistance at 1304 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance, descending resistance) and a strong drop could occur at this level to push prices all the way down to major support at 1288 (Fibonacci extension, Fibonacci retracement, horizontal swing low support).
RSI (89) is making a pullback to our...
