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Technical Analysis

AUDUSD testing major resistance, prepare for a potential drop!

AUDUSD is testing major resistance at 0.7542 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push price down to 0.7476...

EURUSD has made a bullish exit, potential rally!

EURUSD has broke major resistance-turned-support at 1.1819 (23.6% Fibonacci retracement, horizontal overlap support, bullish exit of descending resistance) and this has triggered a...

NZDUSD testing major channel resistance, potential for a strong drop!

NZDUSD is testing major channel resistance at 0.6936 (Fibonacci retracement, Fibonacci extension, price action, channel resistance) and a strong drop could occur at this level to push prices all the...

Summary

We caught the drop perfectly for EURCHF! Bagging a super healthy risk : reward of 1:5!We also caught the drop perfectly on XAUUSD bagging a really healthy risk : reward of 1:3...

CADCHF dropping nicely, potential for further drop!

CADCHF has broken major support-turned-resistance level at 0.7809 (Fibonacci retracement, horizontal overlap resistance) and remains below our Ichimoku cloud signalling that there is bearish momentum....

EURAUD testing major support, prepare for a potential bounce!

EURAUD is testing major support at 1.5772 (long term ascending support line, Fibonacci retracement, horizontal overlap support, Fibonacci extension) and a strong bounce could occur at this level...

GBPJPY testing major resistance, potential drop!

GBPJPY is testing major resistance at 149.18 (Fibonacci retracement, bearish divergence, horizontal overlap resistance) and a strong drop could occur at this level to push price all the way down to...

USDJPY in a strong ascending channel, potential for further rise!

USDJPY remains in a strong ascending channel and is also above our Ichimoku cloud signalling that there’s strong bullish momentum. Price could potentially drop to our first major support at 109.98...

Summary

Today we are seeing a nice setup on USDCAD as it is approaching our resistance which coincides with a Fibonacci extension level and we are expecting a drop to occur below that level. We are also...