USDCAD is approaching our first resistance at 1.2919 (horizontal pullback resistance) and a strong reaction might occur below this level pushing price down to our major support at 1.2743 (horizontal swing low support).
Stochastic (89,5,3) is seeing a bearish divergence and reacting off our resistance where we might see a corresponding drop in price.
Trading...
Nikkei is approaching our first support at 22045.5 (horizontal overlap support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 23063.7 (horizontal swing high resistance).
RSI (55) is also seeing a bullish divergence and is approaching our support where a bounce...
XAUUSD (Gold) is testing major resistance at 1304 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance, descending resistance) and a strong drop could occur at this level to push prices all the way down to major support at 1288 (Fibonacci extension, Fibonacci retracement, horizontal swing low support).
RSI (89) is making a pullback to our...
USDCAD is testing major resistance at 1.3023 (Fibonacci extension, horizontal swing high resistance) and a strong reaction could occur at this level to push prices down to major support at 1.2914 (Fibonacci retracement, horizontal pullback support).
Stochastic (89,5,3) is seeing major resistance at 98% where a corresponding reaction could occur. We have seen...
S&P500 is testing strong 1st support at 2679 (Fibonacci retracement, Fibonacci extension, horizontal pullback support) and a strong bounce could occur at this level to push prices all the way up to major resistance at 2737 (Fibonacci extension, horizontal swing high resistance).
RSI (55) sees major support above 36% where multiple corresponding bounces have...
AUDCAD has dropped strongly and is now seeing strong bearish momentum continue to push it lower. A further drop could occur below 1st resistance at 0.9772 (Fibonacci retracement, horizontal overlap resistance, bearish Ichimoku cloud) to push prices down to major support at 0.9733 (Fibonacci retracement, horizontal pullback support).
RSI (55) has made multiple...
USDCAD is testing major resistance at 1.3023 (Fibonacci extension, Elliott wave structure) and a strong reaction could occur at this level to push prices down to major support at 1.2914 (Fibonacci retracement, Fibonacci extension, horizontal pullback support).
Stochastic (55,5,3) is also seeing major resistance below 98% where a corresponding reaction could...
GBPJPY is approaching major support at 145.09 (Fibonacci extension, horizontal swing low support, bullish divergence) and a strong bounce could occur at this level to push prices up to major resistance at 147.09 (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance).
Stochastic (55,5,3) is seeing major support above 2.6% where a corresponding...
XAUUSD (Gold) is testing intermediate support at 1297. A break of this could provide bearish acceleration below 1301 (Fibonacci retracement, horizontal pullback resistance, bearish ichimoku cloud) towards major support at 1288 (Fibonacci retracement, horizontal swing low support).
RSI (89) has made a bearish exit signalling that a similar break could be impending...
AUDCAD is fast approaching major 1st support at 0.9783 (Fibonacci extension, Fibonacci retracement, bullish Ichimoku cloud, swing low support) where a bounce might occur pushing price all the way up to major resistance at 0.9856 (Fibonacci extension, horizontal swing high resistance).
RSI (55) sees strong ascending support continue to hold prices up nicely.
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USDCHF has been dropping nicely from our major resistance previously. Our major resistance is now moved to 0.9960 (horizontal overlap resistance, bearish Ichimoku cloud) where a further drop could occur in pushing prices down to major support at 0.9731 (Fibonacci retracement, horizontal pullback support). We are seeing intermediate support at 0.9854 too (Fibonacci...
EURJPY is seeing major support above 127.15 (Fibonacci extension, major 38.2% Fibonacci retracement, bullish divergence) and a strong bounce could occur from this level to push prices up to major resistance at 129.18 (Fibonacci retracement, horizontal pullback resistance, Fibonacci extension).
Stochastic (55,5,3) is seeing major support above 4% where a...
XAUUSD dropped perfectly from our major resistance area and is fast approaching intermediate support at 1296. A break of this level could trigger a bearish acceleration downwards towards major support at 1283 (Fibonacci extension, horizontal swing low support). Our major resistance still remains at 1304 (Fibonacci retracement, horizontal overlap resistance,...
AUDUSD is fast approaching major resistance at 0.7643 (Fibonacci retracement, horizontal poullback resistance, descending resistance) and a strong reaction could occur at this level to push prices down to major support at 0.7434 (Fibonacci extension, horizontal swing low support).
RSI (55) sees horizontal resistance at 55% where a corresponding reaction could...
CADJPY is seeing major resistance at 85.04 (Fibonacci retracement, horizontal overlap resistance, bearish ichimoku cloud). If price closes above this major resistance level, that could be the start of a bullish exit that could rally all the way up to 2nd resistance at 85.82 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension).
RSI (55) sees...
CHFJPY bounced perfectly to reach our resistance target yesterday. We now see another potential bounce coming above 110.07 support (Fibonacci retracement, Fibonacci extension, bullish divergence, horizontal swing low support) which could push prices up to 110.75 resistance (Fibonacci retracement, horizontal swing high resistance) once again.
Stochastic (55,5,3) is...
XAUUSD bounced perfectly to reach our resistance target. We now see major resistance at 1304 (Fibonacci retracement, horizontal overlap resistance, descending resistance, Fibonacci extension, ichimoku cloud) and a strong reaction could occur at this level to push prices all the way down to major support at 1284 (Fibonacci extension, horizontal swing low...
USDCAD is fast approaching major resistance at 1.2929 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance, bearish divergence) and a strong reaction could occur at this level to push prices all the way down to major support at 1.2825 (Fibonacci retracement, horizontal swing low support).
Stochastic (55,5,3) is seeing major resistance...
