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Technical Analysis

USDJPY testing resistance, potential drop!
USDJPY testing resistance, potential drop!

USDJPY is testing our first resistance at 110.83 (horizontal overlap resistance, 78.6% fibonacci retracement, 61.8%, 100% fibonacci extension) and a strong reaction...

Summary
Summary

Today we are seeing a nice setup on NZDUSD as it is approaching our first resistance where we are expecting a drop below this level. Stochastic is also approaching our resistance where we might see a...

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

EURAUD is approaching its resistance at 1.5623 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where it could potentially react off,...

USDCAD approaching support, potential bounce!
USDCAD approaching support, potential bounce!

USDCAD is approaching our first support at 1.2959 (horizontal overlap support, 76.4% Fibonacci retracement, 100% Fibonacci extension). A bounce might occur above this level...

EURJPY approaching resistance, potential drop!
EURJPY approaching resistance, potential drop!

EURJPY is approaching our first resistance at 130.30 (horizontal swing high resistance, 61.8% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down...

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

NZDUSD is approaching our first resistance at 0.7033 (horizontal overlap resistance, 100% Fibonacci extension, 76.4% Fibonacci retracement) and a strong reaction might occur...

Summary
Summary

Today we are seeing a nice setup on NZDUSD as it is approaching our first support where we are expecting a bounce above this level. We are also expecting a drop on USDCHF as it is approaching its...

EURCHF approaching support, potential bounce!
EURCHF approaching support, potential bounce!

EURCHF is approaching our first support at 1.1581 (horizontal overlap support, 23.6%, 38.2%, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) which...

EURUSD approaching support, potential bounce!
EURUSD approaching support, potential bounce!

EURUSD is approaching our first support at 1.1733 (horizontal overlap support, 50% Fibonacci retracement, 100% Fibonacci extension) where price might potentially rise our major...