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Technical Analysis

USDCAD approaching resistance, potential drop!

USDCAD is approaching our first resistance at 1.3266 (Horizontal overlap resistance, 78.6% fibonacci retracement, 100% fibonacci extension) and a strong drop might occur below...

Summary

Today we are seeing a nice setup on USDCAD and CHFJPY as it is approaching resistance where we expect a drop below this level. Here are some of our nice calls previously: GBPUSD bounced perfectly...

EURJPY approaching support, potential bounce!

EURJPY is approaching our first support at 126.64 (horizontal swing low support, 78.6% fibonacci retracement) where a strong bounce might occur above this level pushing price up to our...

GBPUSD approaching support, potential bounce!

GBPUSD is approaching our first support at 1.2829 (Horizontal overlap support, 61.8 fibonacci extension, 76.4% fibonacci retracement) where a strong bounce might occur above this level...

EURCAD approaching support, potential bounce!

EURCAD is approaching our first support at 1.4847 (Horizontal swing low support, 78.6% fiboancci retracement, 61.8% fibonacci extension) where a strong bounce might occur above...

NZDUSD approaching support, potential bounce!

NZDUSD is approaching our first support at 0.6697 (Horizontal pullback support, 100% fibonacci extension, 38.2% fibonacci retracement) and a strong bounce might occur above this...

Summary

Today we are seeing a nice setup on NZDUSD and GBPUSD as it is approaching support where we expect a bounce above this level. Here are some of our nice calls previously: CADCHF reversed perfectly...

NZDJPY approaching resistance, potential drop!

NZDJPY is approaching our first resistance at 78.08 (50%, 61.8% fibonacci retracement, horizontal swing high resistance, 100% fiboancci extension, descending channel...

EURUSD approaching support, potential bounce!

EURUSD is approaching our first support at 1.1303 (horizontal swing low support, 61.8% fibonacci extension) where a strong bounce might occur above this level pushing price up to our major...