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Trading Strategies

Summary
Summary

Today we are seeing a nice setup on EURUSD as it is bouncing off our support, which coincides with a Fibonacci extension. Stochastic is also seeing a bullish divergence and is approaching support...

EURUSD bouncing off support, further potential rise!
EURUSD bouncing off support, further potential rise!

EURUSD is bouncing off our first support at 1.2156 (horizontal swing low support, 100% Fibonacci extension, Elliot wave structure). A rally might occur above this level, pushing price up to...

GBPUSD is approaching resistance, potential drop!
GBPUSD is approaching resistance, potential drop!

GBPUSD broke out of our long term ascending support-turned-resistance line and is approaching our first resistance at 1.3987 (horizontal overlap resistance). A strong reaction might occur below this...

EURJPY approaching support, potential rise!
EURJPY approaching support, potential rise!

EURJPY is approaching our intermediate resistance at 133.42 (horizontal swing high resistance, 100% Fibonacci extension). A breakout above this level might cause a strong rally to occur,...

EURAUD testing support, potential rise!
EURAUD testing support, potential rise!

EURAUD is testing our first support at 1.6061 (horizontal pullback support, 23.6% Fibonacci retracement). A strong bounce might occur above this level, pushing price up to our major...

CADCHF near major support
CADCHF near major support

Today we are seeing a nice setup on CADCHF as it is approaching our major support which coincides with a Fibonacci extension and Fibonacci retracement level. Stochastic is also seeing a bullish exit,...

GBPAUD testing resistance, potential drop!
GBPAUD testing resistance, potential drop!

GBPAUD is approaching our short term descending resistance line and first resistance at 1.8470 (horizontal swing high resistance, 100% Fibonacci extension). A strong reaction might occur...

AUDJPY approaching resistance, potential drop!
AUDJPY approaching resistance, potential drop!

AUDJPY is approaching our first resistance at 83.06 (horizontal overlap resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension). A strong reaction might occur at this...

USDJPY approaching resistance, potential breakout!
USDJPY approaching resistance, potential breakout!

Price is approaching our intermediate resistance at 109.25 (horizontal overlap resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) and a breakout above this level...