forextrading

The Breakout Opportunities system has just bought EURUSD at 1.14355. The system recommends entering this trade at any price between 1.14165 and 1.14526. The signal was issued because the EURUSD has broken its 24-hour high while our Speculative Sentiment Index was at -1.23129, suggesting that the EURUSD may have further to rise. A stop loss has been set at the ...

XRPUSD is approaching our first resistance at 0.4018 (horizontal overlap resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.2523 (horizontal swing low support, 61.8% Fibonacci extension). Stochastic (21,5,3) is also approaching our resistance where we ...

CADJPY is approaching our first resistance at 84.90 (Horizontal overlap resistance, 61.8% fibonacci extension, 23.6%, 50% fiboancci retracement) and a strong drop might occur below this level pushing price down to our major support at 83.58 (horizontal swing low support). Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in ...

USDZAR is approaching our first resistance at 6.8172 (horizontal pullback resistance, 50%, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 6.600 (horizontal swing low support, 100% Fibonacci extension). Stochastic (34,5,3) is also approaching our resistance and we ...

AUDCAD is approaching our first support at 0.9523 (horizontal swing low support, 38.2% fibonacci retracemen, 61.8% fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 0.9674 (61.8% Fiboancci retracement, 61.8% Fiboancci extension). Stochastic (89,5,3) is also approaching support and we might see a ...

EURUSD is approaching our first resistance at 1.1532 (horizontal overlap resistance, 100%, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.1328 (horizontal swing low support, 100% Fibonacci extension, 78.6% Fibonacci retracement). Stochastic (89,5,3) is also ...

Dollar index is approaching our first support level at 95.77 (horizontal swing low support, 61.8%, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 97.24 (horizontal swing high resistance, 100% Fibonacci extension, 76.4% Fibonacci retracement). Stochastic (89,5,3) ...

NZDCHF is approaching our first support at 0.6788 (horizontal overlap support, 23.6%, 78.6% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.6896 (76.4% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (21,5,3) is also approaching support and we might see ...

Key levels to look out for when analysing AEX.

Key levels to look out for when analysing S&P 500.

EURGBP is approaching its resistance at 0.8993(61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance) where there is a potential to reverse down to its support at 0.8926 (38.2% Fibonacci retracement, horizontal pullback support). Stochastic (55, 5, 3) is approaching its resistance at 96% where a there might be a potential ...

Gold prices hit above $1246/50 levels, as discussed earlier and it could be setting up for a retracement lower, before the rally could resume. The metal trades at $1248/49 levels at this point in writing and might be looking to correct through $1232/35 levels in the short term. Please note that further upside remains possible from here as well and the next ...

EURAUD is approaching its resistance at 1.5979 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where there is a potential to reverse down to its support at 1.5745 (38.2% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 97% where a there might be a potential ...

The Dow Jones rallied swiftly on Friday to hit resistance at 25100 levels and reverse. The spot rate closed at 24388 levels and it is expected to continue lower as US markets open today. Looking into the wave structure, the Dow Jones unfolded into an impulse drop between 26950 and 24100 levels earlier, labelled as Wave (1). Wave (2) possibly unfolded as a running ...

In this video update, we take a look at the DXY and plan for the week ahead. We like to analyse this on a Monday to help gauge the strength or weakness of the greenback and where we can best position ourselves around it. President Trump is questioning himself as to why the stock markets are falling and is it his fault. Trump wants a weaker dollar and higher stock ...

We are useing to price action. The target is indicated on the chart. Good Luck.

EURUSD has been holding nicely above the key 1.1300 and with the potential for further USD weakness combined with strong Euro seasonal patterns, a move into the key resistance of 1.1780 could be likely. Looking at the 4hr timeframe on the right-hand side we have seen a close above the previous significant highs and price is currently testing the moving averages. ...

Better sentiment at the begining of the week ? If so we may see rally towards 113,50 and we would like to sell into that rally.