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Trading Strategies

GBPCHF approaching resistance, potential drop!
GBPCHF approaching resistance, potential drop!

GBPCHF is approaching our first resistance at 1.2954 (Horizontal pullback resistance, 23.6% fibonacci retracement) and a strong drop might occur below this level pushing price down to our...

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

USDCAD is approaching our first resistance at 1.3120 (Horizontal pullback resistance, 76.4% fibonacci retracement, 100% fibonacci extension) and a strong drop might occur below...

USDJPY approaching resistance, potential drop!
USDJPY approaching resistance, potential drop!

USDJPY is approaching our first resistance at 112.82 Horizontal overlap resistance, 100% fibonacci extension, 38.2% fibonacci retracement) and a strong drop might occur below...

NZDCHF approaching support, potential bounce!
NZDCHF approaching support, potential bounce!

NZDCHF is approaching our first support at 0.6501 (Horizontal overlap support, 38.2% fibonacci retracement, 61.8% fibonacci extension) and a strong bounce might occur above this...

Summary
Summary

Today we are seeing a nice setup on USDCAD and USDJPY as it is approaching resistance where we expect a drop below this level. Here are some of our nice calls previously: XAUUSD reversed nicely below...

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...