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Trading Strategies

XAUUSD approaching resistance, potential drop!
XAUUSD approaching resistance, potential drop!

XAUUSD is approaching our first resistance at 1240.06 (horizontal pullback resistance, 38.2% Fibonacci retracement, 61.8%, 100% Fibonacci extension) and a strong drop...

GBPNZD approaching support, potential bounce!
GBPNZD approaching support, potential bounce!

GBPNZD is approaching our first support at 1.9621 (horizontal overlap support, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this...

AUDCAD approaching support, potential bounce!
AUDCAD approaching support, potential bounce!

AUDCAD is approaching our first support at 0.9277 (horizontal swing low support, 61.8% Fibonacci retracement, 100% Fibonacci extension, short term ascending channel) where a...

EURGBP approaching resistance, potential drop!
EURGBP approaching resistance, potential drop!

EURGBP is approaching our first resistance at 0.8858 (horizontal pullback resistance, 38.2%, 50% Fibonacci retracement, 100% Fibonacci extension) and a strong drop...

Summary
Summary

Today we are seeing a nice setup on AUDCAD and GBPNZD as it is approaching support where we are expecting a bounce above this level. Here are some of our nice calls previously: EURAUD droped perfectly...

NZDCAD approaching resistance, potential drop!
NZDCAD approaching resistance, potential drop!

NZDCAD is approaching our first resistance at 0.8595 (horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) and a strong drop might occur below...

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

CHFJPY is approaching our first support at 112.16 (horizontal pullback support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension, short term ascending support line) where a...

GBPAUD approaching resistance, potential drop!
GBPAUD approaching resistance, potential drop!

GBPAUD is approaching our first resistance at 1.8388 (horizontal pullback resistance, 23.6% Fibonacci retracement) and a strong drop might occur pushing price down to our major support at...

EURAUD approaching resistance, potential drop!
EURAUD approaching resistance, potential drop!

EURAUD is approaching our first resistance at 1.6148 (horizontal pullback resistance, 23.6% Fibonacci retracement) and a strong drop might occur pushing price down to our major support at...