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Technical Analysis

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...

CADCHF approaching support, potential bounce!
CADCHF approaching support, potential bounce!

Price is our first support at 0.7608 (horizontal swing low support, 61.8% Fibonacci extension, 23.6% Fibonacci retracement). A strong bounce might occur above this level, pushing...

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Gold Expected to Rally Further

Today we are seeing a nice setup on XAUUSD as it bounced off our first support and we are expecting a further rally up to our major resistance target. GBPUSD is also seeing a nice setup as price is...

CHFAUD approaching resistance, potential drop!
CHFAUD approaching resistance, potential drop!

CHFAUD is approaching our first resistance at 1.3468 (horizonal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) which coincides with our short term...