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Trading Strategies

Summary
Summary

Summary 1. Today we are seeing a nice setup on AUDNZD as it is approaching or first resistance which coincides with our Fibonacci retracement and Fibonacci extension where we expect a drop to occur...

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

EURAUD is approaching our first resistance at 1.5969 (horizontal pullback resistance, 76.4% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to...

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

USDJPY is approaching our first resistance at 111.96 (horizontal pullback resistance, 61.8%, 100% Fibonacci extension, 78.6% Fibonacci retracement) and a strong...

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

AUDNZD is approaching our first resistance at 1.0957 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong reaction might...

AUDUSD approaching resistance, potential drop!
AUDUSD approaching resistance, potential drop!

AUDUSD is approaching our first resistance at 0.7487 (horizontal pullback resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong reaction might occur...

Summary
Summary

Today we are seeing a nice setup on USDCHF as it is approaching or first resistance which coincides with our Fibonacci retracement where we expect a drop to occur below this level. Stochastic is also...

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

NZDUSD is approaching our first resistance at 0.6778 (horizontal pullback resistance, 23.6% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to...

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

CHFJPY is approaching our first resistance at 111.41 (horizontal swing high resistance, 61.8% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down...

AUDJPY approaching resistance, potential drop!
AUDJPY approaching resistance, potential drop!

Price is approaching our first resistance at 81.94 (horizontal swing high resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement) and a strong reaction might occur...