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Trading Strategies

NZDUSD approaching resistance, potential drop!
NZDUSD approaching resistance, potential drop!

NZDUSD is approaching our first resistance at 0.6801 (horizontal overlap resistance, 61.8% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at...

AUDUSD approaching resistance, potential drop!
AUDUSD approaching resistance, potential drop!

AUDUSD is approaching our first resistance at 0.7241 (horizontal swing high resistance, 76.4% Fibonacci retracement) where a strong drop might occur pushing price down to our major support...

Summary
Summary

We are seeing a nice setup on NZDUSD as it is approaching resistance where we are expecting a drop below this level. We are also expecting a bounce on EURUSD as it is approaching support. Here are...

CHFJPY approaching support, potential bounce!
CHFJPY approaching support, potential bounce!

CHFJPY is approaching our first support at 109.30 (horizontal overlap support, 100% Fibonacci extension, 38.2% Fibonacci retracement) where a strong bounce might occur above this...

AUDNZD approaching resistance, potential drop!
AUDNZD approaching resistance, potential drop!

AUDNZD is approaching our first resistance at 1.0678 (horizontal overlap resistance, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur pushing...

EURNZD approaching resistance, potential drop!
EURNZD approaching resistance, potential drop!

EURNZD is approaching our first resistance at 1.6885 (horizontal overlap resistance, 100% Fibonacci extension, 50%, 38.2% Fibonacci retracement) where a strong drop...

EURCAD approaching support, potential bounce!
EURCAD approaching support, potential bounce!

EURCAD is approaching our first support at 1.5094 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above...

Summary
Summary

We are seeing a nice setup on EURCAD and CHFJPY as it is approaching support where we are expecting a bounce above this level. Here are some of our nice calls previously: EURCHF bounced nicely above...

GBPAUD approaching resistance, potential bounce!
GBPAUD approaching resistance, potential bounce!

GBPAUD is approaching our first resistance at 1.7957 (Horizontal overlap resistance, 100% fibonacci extension, 50% fibonacci retracement) and a strong drop might occur below this...