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Trading Strategies

AUDNZD approaching support, potential bounce!

AUDNZD is approaching our first support at 1.0671 (horizontal overlap support, 23.6% Fibonacci retracement). A strong bounce might occur above this level, pushing price up to our major...

ASX testing resistance, potential drop!

ASX is testing our first resistance at 5989.2 (horizontal swing high resistance, 76.4% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our...

EUR/USD is testing different levels!

EUR/USDThe EURO rate has touched the broken level of 1.2092 in the weekly chart:In the daily chart, the pair has formed a hammer at the horizontal level. It means that the pair might very well head in...

Summary

Today we are seeing a nice setup on EURJPY as it broke out of its short term ascending support line and is approaching our intermediate support. A breakout below that level might provide the bearish...

USDCAD approaching resistance, potential drop!

USDCAD is approaching our first resistance at 1.2944 (horizontal swing high resistance) and a strong reaction might occur below this level, pushing price down to our major support at 1.2817...

EURGBP approaching support, watch for potential bounce!

Price is approaching our first support at 0.8687 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) and a strong bounce might occur above this...

USDX testing resistance, potential drop!

USDX is testing our first resistance at 91.68 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement). A strong reaction might occur below this...

EURJPY broke out of support, further potential drop!

EURJPY broke out of our short term ascending support-turned-resistance line and our support-turned resistance line at 132.15 (horizontal pullback resistance). A strong reaction might occur at this...

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...