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Technical Analysis

AUDCAD approaching resistance, potential drop!
AUDCAD approaching resistance, potential drop!

Price is approaching our first resistance at 0.9838 (horizontal swing high resistance, 50% Fibonacci retracement, short term descending resistance line) where a strong reaction might occur...

Summary
Summary

Today we are seeing a nice setup on AUDNZD as it is testing our first resistance where we are expecting a drop below that level. Stochastic is also testing our resistance where a reaction off that...

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

Price is approaching our first resistance at 1.0779 (Horizontal pullback resistance, 38.2%, 50% Fibonacci retracement) where a strong reaction might occur below this level...

USDCHF approaching resistance, potential drop!
USDCHF approaching resistance, potential drop!

Price is approaching our first resistance at 1.0014 (78.6% Fibonacci retracement, 61.8%, 100% Fibonacci extension, Elliot wave structure) where a strong reaction might...

CHFJPY approaching resistance, potential drop!
CHFJPY approaching resistance, potential drop!

Price is approaching our first resistance at 111.16 (horizontal swing high resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong reaction might occur...

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

Price is approaching our first resistance at 1.3383 (horizontal pullback resistance, 76.4% Fibonacci retracement, 100% Fibonacci extension) where a strong reaction might occur...

Summary
Summary

Today we are seeing a nice setup on USDCHF as it is approaching support where we are expecting a bounce above this level. RSI is also approaching our support and a bounce above this level might see a...

EURJPY approaching resistance, watch for potential drop!
EURJPY approaching resistance, watch for potential drop!

Price is approaching our first resistance at 127.70 (horizontal overlap resistance, 23.6%, 38.2% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction...

EURUSD approaching resistance, watch for potential drop!
EURUSD approaching resistance, watch for potential drop!

Price is approaching our first resistance at 1.1640 (horizontal overlap resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction might occur below...