EURUSD is making a strong pullback to our double top reversal resistance. Such setups usually occur where there are players pushing price up to get in on the good level. Our 1st level of resistance is at 1.2333 (Fibonacci retracement, horizontal overlap resistance, double top breakout level) and our major support is at 1.2083 (Fibonacci retracement, horizontal...
AUDUSD is testing major resistance at 0.7844 (23.6% Fibonacci retracement, horizontal overlap resistance, channel exit potential) and only a clean break above 0.7844 resistance could potentially open a move up to 0.7902 resistance (Fibonacci retracement, horizontal overlap resistance).
RSI (89) has made a bullish exit from our long term descending...
NZDUSD is testing major support at 0.7185 (Fibonacci retracement, horizontal overlap support, Elliott wave structure) and a strong bounce could occur at this level to drive price up to at least 0.7276 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (34,5,3) is seeing major support above 5.4% where a corresponding bounce could...
GBPAUD is testing major resistance at 1.7974 (Fibonacci extension, horizontal swing high resistance, bearish price action, bearish divergence) and a strong reaction could occur at this level to drive price down to 1.7439 support (Fibonacci retracement, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance at 96% and a corresponding...
EURUSD has formed a really nice double top reversal setup and this could drive price all the way down to 1.2083 major support (Fibonacci retracement, horizontal pullback support). Our 1st level of resistance is at 1.2333 (Fibonacci retracement, horizontal overlap resistance, double top breakout level) and we have to watch for a pullback to this level first.
RSI...
CHFJPY is testing major support at 115.89 (Fibonacci retracement, horizontal overlap support, Fibonacci extension, Elliott wave structure) and a bounce could occur at this level to drive price up to at least 117.05 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (55,5,3) is seeing major support above 1.5% where a corresponding bounce...
BTCUSD is back to testing our major resistance at 8057 (shorter term descending resistance, horizontal pullback resistance, Fibonacci retracement) and a reaction could occur from this level to drive prices down to 5763 support (Fibonacci extension, horizontal swing low support).
RSI (34) sees a long term descending resistance line hold price down really well and...
LTCUSD has risen to our long term descending resistance line, tested it and started to react nicely off it. The overall momentum remains bearish and our first major resistance is at 149.41 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension, descending resistance) where further bearish momentum could drive price down to at least 108.41...
GBPUSD has formed a double top reversal and is starting to drop nicely after breaking our major support-turned-resistance level at 1.3992 (Fibonacci retracement, horizontal overlap resistance, breakout level) where further bearish momentum could be expected to drive price down to major support at 1.3632 (Fibonacci extension, double top exit potential, horizontal...
USDCAD is testing major resistance at 1.2580 (Fibonacci extension, Fibonacci retracement, Elliott wave structure, horizontal swing high resistance) and a strong reaction could occur at this level to drive price down to 1.2454 before 1.2414 support (Fibonacci retracement, corrective Elliott wave structure potential. We have to be careful of the intermediate support...
BTCUSD is now testing multiple resistances (long term pullback to descending support-turned-resistance level, shorter term descending resistance, horizontal pullback resistance, Fibonacci retracement) and a reaction could occur from this level to drive prices down to 5763 support (Fibonacci extension, horizontal swing low support).
RSI (34) sees a long term...
LTCUSD has risen to major resistance at 149.41 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension, descending resistance) and a strong reaction could occur at this level to drive price down to at least 108.41 support (Fibonacci extension, horizontal swing low support). Our long term descending resistance line is also adding a lot of...
AUDUSD has formed a really interesting setup since yesterday. After recovering, it has started to form a double bottom reversal. Coupled with the bullish exit of our descending resistance-turned-support line, this gives us a nicely setup double bottom reversal. Our 1st support remains at 0.7891 (Fibonacci retracement, horizontal overlap support) where a strong...
Ethereum is now testing our 1st resistance at 784 (multiple Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to drive prices down to at least 564 (Fibonacci extension, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance at 96% where a corresponding reaction could occur.
Trading CFDs...
NZDUSD is starting to break our major support-turned-resistance level at 0.7276 and a strong drop could occur from here to push price towards 0.7184 support (Fibonacci retracement, horizontal overlap support). We require a stronger close below our 1st support level at 0.7276 to add further conviction to the bearish setup.
Trading CFDs on margin carries high risk....
Ethereum has broken major support at 756 (Fibonacci retracement, horizontal overlap resistance, bearish price action) and a strong drop could occur from this level towards 538 support (Fibonacci extension, Fibonacci retracement, horizontal overlap support).
RSI (34) sees an intermediate descending resistance line provide downside pressure on Ethereum.
Trading...
AUDUSD has dropped strongly and broken our major support-turned-resistance level at 0.7897 (horizontal overlap resistance, breakout resistance, strong bearish channel) and a strong drop could occur from here to push price down to 0.7817 support (Fibonacci extension, Fibonacci retracement, horizontal swing low support).
RSI (55) has made a long term bearish exit...
GBPUSD is forming a strong double top reversal with 1st resistance at 1.3992 (Fibonacci retracement, breakout level, pullback resistance) and a strong drop could occur from this level to push price down towards 1.3632 support (Fibonacci retracement, breakout potential, horizontal pullback support, Fibonacci extension).
RSI (55) has made a bearish exit of our long...
