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Technical Analysis

Summary
Summary

Today we are seeing a nice setup on USDCAD as it is approaching resistance which coincides with a Fibonacci retracement and extension. Stochastic is also approaching resistance where a reaction off...

USDCAD approaching resistance, potential drop!
USDCAD approaching resistance, potential drop!

USDCAD is approaching our first resistance at 1.3384 (horizontal pullback resistance, 76.4% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction might occur...

EURUSD approaching resistance, potential drop!
EURUSD approaching resistance, potential drop!

EURUSD is approaching our first resistance at 1.1834 (horizontal overlap resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction might occur...

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

Price is approaching our first resistance at 0.6958 (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur...

AUDNZD approaching resistance, potential drop!
AUDNZD approaching resistance, potential drop!

Price is approaching our first resistance at 1.0779 (horizontal overlap resistance, 38.2%, 50% Fibonacci retracement, 100% Fibonacci extension, Elliot wave structure)...

Summary
Summary

Today we are seeing a nice setup on EURGBP as it is approaching our first resistance where we are expecting a drop below that level. We are also seeing a nice setup on AUDCAD as it is approaching our...

GBPUSD approaching resistance, potential drop!
GBPUSD approaching resistance, potential drop!

GBPUSD is approaching our first resistance at 1.3298 (horizontal overlap resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below...

EURUSD approaching resistance, potential drop!
EURUSD approaching resistance, potential drop!

EURUSD is approaching our first resistance at 1.1644 (horizontal overlap resistance, 38.2% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to...

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

Price is approaching our first resistance at 0.8771 (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur...