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XAUUSD approaching resistance, potential drop!

XAUUSD is approaching our first resistance at 1301.3 (horizontal pullback resistance, 38.2&percnt; Fibonacci retracement) which coincides with our short-term descending resistance line. A strong...

Summary

Today we are seeing a nice setup on AUDUSD as it is testing our short term ascending support line which coincides with our first pullback support where a strong bounce might occur pushing price up to...

GBPJPY dropped perfectly, potential for further bearish movement

GBPJPY dropped perfectly from our resistance and has reacted off our first resistance at 148.43 (horizontal overlap resistance) and a strong reaction might occur causing price to drop to our major...

CHFJPY approaching support, watch for potential breakout!

CHFJPY broke out of our short term ascending support-turned-resistance line and is approaching our first support at 111.21 (horizontal overlap support, 23.6&percnt; Fibonacci retracement). A...

CADCHF approaching support, potential bounce!

CADCHF is approaching our first support at 0.7716 (horizontal swing low support, 23.6&percnt; Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major...

AUDUSD is approaching support, potential bounce!

AUDUSD is approaching our first support at 0.7542 (horizontal pullback support, short term ascending support line, 61.8&percnt; Fibonacci retracement) where a strong bounce might occur above the...

Summary

Today we are seeing a nice setup on XAUUSD as it is approaching our support where we are expecting a bounce off that level. We are also seeing a nice setup on AUDCAD as it is approaching our first...

BTCUSD approaching resistance, potential drop!

BTCUSD is approaching our first resistance at 8375 (horizontal overlap resistance) and a strong reaction might occur pushing price down to our major support at 7944 (horizontal swing low support). RSI...

EURGBP approaching resistance, potential drop!

EURGBP reacted off our first resistance at 0.8782 (horizontal swing high resistance, 61.8&percnt; Fibonacci retracement) and price might potentially fall to our major support at 0.8713 (horizontal...