GBPJPY is approaching our first resistance at 147.04 (horizonal overlap resistance, 23.6% Fibonacci retracement) and price might potentially drop to its support at 145.05 (horizontal swing low support). We do have to be cautious of our intermediate support at 145.96 (horizontal swing low support, 100% Fibonacci extension, Elliot wave structure) and a breakout ...
CHFJPY bounce off our first support at 110.07 (horizontal swing low support, 61.8% Fibonacci retracement, Elliot wave structure) where price might potentially rise to its first resistance at 110.66 (horizontal overlap resistance, 38.2% Fibonacci retracement).
Stochastic (55,5,3) is also approaching support and a bounce off this level might see further rise in ...
AUDUSD is testing our first resistance at 0.7576 (horizontal overlap resistance, 61.8% Fibonacci retracement) and price might potentially drop to our first support at 0.7489 (horizontal swing low support, 100% Fibonacci retracement, 61.8%, 76.4% Fibonacci retracement).
RSI (89) is also approaching resistance and a reaction off this level might be a good precursor ...
USDJPY is approaching our first resistance at 110.03 (horizontal overlap resistance, 61.8% Fibonacci retracement) where price might potentially fall to our first support at 109.23 (horizontal overlap support, 78.6% Fibonacci retracement, 61.8% Fibonacci extension). A breakout below this level might push price down to our second support at 108.82 (horizontal swing ...
XAUUSD is approaching our first resistance at 1301.3 (horizontal pullback resistance, 38.2% Fibonacci retracement) which coincides with our short-term descending resistance line. A strong reaction might occur below this level, pushing price down to our major support at 1283.99 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish pressure ...
EURUSD is testing our first resistance (horizontal pullback resistance) at 1.1719 and a strong reaction might occur below this level pushing price down to our major support at 1.1556 (horizontal swing low support).
RSI is also approaching our resistance and a reaction off this level might be a good precursor for a potential drop in price.
Trading CFDs on margin ...
AUDCAD is testing our first resistance at 0.9717 (horizontal overlap resistance, 23.6% Fibonacci retracement) and a strong reaction might occur below this level pushing price down to our major support at 0.9644 (horizontal pullback support, 50% Fibonacci retracement).
Stochastic is also seeing a bearish divergence and is approaching resistance where a reaction ...
CHFJPY is testing our first support at 110.07 (horizontal swing low support, 61.8% Fibonacci retracement , 61.8% Fibonacci extension, Elliot wave structure) where price might potentially rise to its first resistance at 110.67 (horizontal overlap resistance, 38.2% Fibonacci retracement ).
Stochastic (55,5,3) is also approaching support and a bounce off this level ...
Hope this idea helps!
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Congratulation to everyone who has been trading with us using our Martin Trend Line and Martin Profit Line indicators! We are now up on this trade by 142 pips and it doesn't look like we are slowing down :) Watch the video for a full understanding of how we use these two indicators and ...
BTCUSD is approaching its support where we expect a bounce above this level.
Buy above 7492. Stop loss at 7190. Take profit at 8641.
Reason for the trading strategy (fundamentally):
John McAfee expects a bull run on cryptocurrency markets in the near future. Billions will be pumped by institutional investors, the internet security expert predicted in a post on ...
XAGUSD and XAUUSD Correlation?
Indicators include 200/800 Exponential Moving Average + 2x Fibonacci on the Daily chart with trendlines anticipating a breakout!
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GBPJPY is approaching resistance where we are expecting a further drop.
Sell below 147.04. Stop loss 147.65. Take profit at 145.05.
Reason for the trading strategy (technically):
GBPJPY is approaching our resistance at 147.04 (Horizontal overlap resistance, 23.6% Fibonacci retracement) where we expect a further below this level to our support at 145.05 ...
EURCHF is approaching resistance where we can expect a strong drop.
Sell below 1.1653. Stop loss 1.1685. Take profit at 1.1583.
Reason for the trading strategy (technically):
EURCHF is approaching its resistance at 1.1653 (horizontal pullback resistance, 23.6%, 38.2% Fibonacci retracement) and we expect price to drop to its major support at 1.1583 (horizontal ...
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% Fibonacci retracement). A breakout below this level might trigger a strong reaction and push price down to our major support at 110.76 (horizontal swing low support, 38.2% Fibonacci retracement). Ichimoku ...
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 support at 147.14 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
RSI (89) is also seeing a ...
CADCHF is approaching our first support at 0.7716 (horizontal swing low support, 23.6% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 0.7818 (horizontal swing high resistance, 76.4% Fibonacci retracement).
Stochastic is also approaching our major support and a bounce off this level might be a ...
USDCHF is approaching our first resistance at 0.9955 (horizontal pullback resistance, 23.6% Fibonacci retracement) where price might potentially fall to our support at 0.9856 (horizontal pullback support, 23.6% Fibonacci retracement) which coincides with the short term ascending support line. RSI is also facing bearish pressure as it is approaching its resistance.
CADCHF is approaching our first support at 0.7722 (horizontal overlap support, 23.6% Fibonacci retracement) where price might potentially rise to our first resistance at 0.7818 (horizontal swing high resistance, 76.4% Fibonacci retracement).
Stochastic is also approaching support where a bounce off this level might see a rise in price.
