USDJPY is approaching our first resistance at 107.12 (61.8%, 100% Fibonacci extension, 23.6% Fibonacci retracement). A strong drop might occur below this level, pushing price down to our major support at 106.16 (horizontal swing low support, 61.8% Fibonacci extension).
Stochastic (21,5,3) is approaching our major resistance and a reaction off this level might be...
USDCAD is approaching our support at 1.2743 (Horizontal overlap support, 61.8% Fibonacci extension). A strong bounce might occur at this level, pushing price up to our major resistance at 1.3122 (horizontal swing high resistance).
Stochastic (55,5,3) is also approaching our major support and a we might see a corresponding rise in price should it bounce off this...
GBPUSD is approaching our first resistance at 1.4097 (horizontal swing high resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension). A strong reaction might occur at this level, pushing price down to our major support at 1.4013 (horizontal swing low support, 100% Fibonacci extension, 50% Fibonacci retracement).
RSI (55) is also testing its major...
DXY has broken out of major descending resistance. Price could potentially rally from our breakout level at 90.08 towards our major resistance at 90.46 (horizontal swing high resistance, 76.4% Fibonacci retracement 100% Fibonacci extension).
RSI (89) is also approaching our major descending resistance line and a breakout of this level might provide bullish...
XAUDUSD is approaching our major support at 1322.59 (61.8%, 100% Fibonacci extension, horizontal swing low support). A strong bounce might occur at this level pushing price up to our major resistance at 1332.31 (38.2% Fibonacci retracement, horizontal pullback resistance).
Stochastic (34,5,3) is also approaching our major support at 6%, in line with the...
We look to buy above major support at 105.55 (61.8% Fibonacci retracement, 100% Fibonacci extension). We are expecting a strong bounce to occur at this level, pushing price up to our major resistance at 106.12 (38.2% Fibonacci retracement, Horizontal pullback resistance).
Stochastic (21,5,3) is also approaching its major support at 12%, in line with the...
DXY is reacting off our major resistance at 90.16 (61.8%, 78.6% Fibonacci retracement, Horizontal swing high resistance) which coincides with our short term descending resistance line. We are expecting a strong reaction to push price down to our major support at 89.26 (76.4%, 61.8% Fibonacci retracement, Horizontal swing low support).
RSI (89) is also facing...
EURUSD is testing our intermediate support at 1.2285 (23.6% Fibonacci retracement, horizontal swing low support) and a breakout of this level will provide the bearish acceleration to our major support at 1.2239 (61.8%, 100% Fibonacci extension, Elliot wave structure, 76.4% Fibonacci retracement) where we prepare to buy on weakness. We expect a strong bounce from...
AUDUSD is approaching resistance at 0.7678 (50% Fibonacci retracement, Horizontal overlap resistance) which coincides with our short term descending resistance line. We are expecting a strong reaction to occur at this level, pushing price down to our major support at 0.7643 (Horizontal swing low support). A breakout of our intermediate support at 0.7650...
