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...
