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Trading Strategies

Summary
Summary

Today we are seeing a nice setup on NZDUSD as it is approaching our first support where we are expecting a bounce above this level. We are also expecting a drop on USDCHF as it is approaching its...

EURCHF approaching support, potential bounce!
EURCHF approaching support, potential bounce!

EURCHF is approaching our first support at 1.1581 (horizontal overlap support, 23.6%, 38.2%, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) which...

EURUSD approaching support, potential bounce!
EURUSD approaching support, potential bounce!

EURUSD is approaching our first support at 1.1733 (horizontal overlap support, 50% Fibonacci retracement, 100% Fibonacci extension) where price might potentially rise our major...

NZDUSD approaching support, potential bounce!
NZDUSD approaching support, potential bounce!

NZDUSD is approaching our first support at 0.6992 (horizontal overlap support, 38.2%, 61.8% Fibonacci retracement, 100% Fibonacci extension) where price might...

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

USDCHF is approaching our first resistance at 0.9891 (horizontal swing high resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) and price might potentially drop...

Summary
Summary

Today we are seeing a nice setup on GBPAUD as it is approaching its resistance and we are expecting a drop below this level. RSI is also seeing a bearish exit in line with our bearish bias. We are...

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

EURAUD is approaching our first resistance at 1.5468 (horizontal pullback resistance, 23.6% Fibonacci retracement) and a strong reaction might occur below this level pushing price down to...

GBPAUD approaching resistance, potential drop!
GBPAUD approaching resistance, potential drop!

GBPAUD is approaching our first resistance at 1.7593 (horizontal overlap resistance, 100% Fibonacci extension, 23.6% Fibonacci retracement) and a strong reaction might occur...

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

AUDJPY is approaching our first resistance at 84.78 (horizontal swing high resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement) and a strong reaction might occur...