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Trading Strategies

AUDUSD approaching resistance, potential reversal!

AUDUSD is approaching its 1st resistance at 0.7606 (50% Fibonacci retracement, 38.2% Fibonacci retracement, 23.6% Fibonacci retracement, 100% Fibonacci...

XAUUSD breaking out of ascending support line, potential drop!

XAUUSD has made a slight breakout of its ascending support line. If it breaks past its 1st support at 1297 (38.2% Fibonacci retracement, horizontal overlap support), it could be a...

BCOUSD reversed off resistance, potential further drop!

BCOUSD reversed nicely off its resistance at 78.43 (61.8% Fibonacci retracement, horizontal overlap resistance) where price could potentially drop further to its major support at 76.38...

Summary

Today we are seeing a nice setup on CADJPY as it is approaching our resistance which coincides with a Fibonacci retracement and Fibonacci extension where we expect a drop in price. We are also seeing...

EURCHF approaching resistance, potential drop!

EURCHF is approaching our first resistance at 1.1530 (horizontal overlap resistance, 23.6% Fibonacci retracement) which coincides with our short term descending resistance line. A strong...

NZDUSD approaching resistance, potential drop!

NZDUSD is approaching our first resistance at 0.6993 (horizontal overlap resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur...

AUDUSD approaching resistance, potential drop!

AUDUSD is approaching our first resistance at 0.7580 (horizontal swing high resistance, 78.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur...

CADJPY approaching resistance, potential drop!

CADJPY is approaching our first resistance at 85.06 (horizontal overlap resistance, 50% Fibonacci retracement, 61.8% Fibonacci retracement) and a strong reaction might occur...

Summary

Today we are seeing a nice setup on XAUUSD as it is testing our first resistance which coincides with our short-term descending resistance line where we expect price to drop below this level to our...