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Trading Strategies

AUDUSD approaching support, potential bounce!
AUDUSD approaching support, potential bounce!

AUDUSD is approaching our first support at 0.7400 (horizontal swing low support, 50% Fibonacci retracement, short term ascending support line) where a strong bounce might occur above this...

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

EURAUD broke out of our short term ascending support-turned-resistance line and is approaching our first resistance at 1.5885 (horizontal swing high resistance, 100% Fibonacci extension)...

USDCHF approaching support, potential bounce!
USDCHF approaching support, potential bounce!

USDCHF is approaching our first support at 0.9963 (horizontal overlap support, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this...

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

Price is approaching our first support at 1.3070 (horizontal overlap support, 23.6%, 38.2% Fibonacci retracement) and a strong bounce might occur below this level pushing price...

Summary
Summary

Today we are seeing a nice setup on USDCAD as it is approaching our first resistance and we expect a drop below this level. We are also seeing a nice setup on USDX as it is approaching our first...

USDX approaching resistance, potential drop!
USDX approaching resistance, potential drop!

USDX is approaching our first resistance at 95.14 (horizontal overlap resistance, 76.4% Fibonacci retracement, 61.8% Fibonacci extension) where a strong reaction might occur...

GBPAUD approaching support, potential bounce!
GBPAUD approaching support, potential bounce!

GBPAUD is approaching our first support at 1.7706 (horizontal overlap support, 50% Fibonacci retracement, 100% Fibonacci extension) and a strong bounce might occur above this...

USDCHF approaching support, potential bounce!
USDCHF approaching support, potential bounce!

USDCHF is approaching our first support at 0.9984 (horizontal pullback support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above...

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

Price is approaching our first resistance at 1.3221 (horizontal swing high resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong reaction might occur...