MEX_Exchange

MEX_Exchange

USDCAD is approaching its support at 1.2714 (61.8% Fibonacci extension, 61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where we expect a bounce to happen, pushing price all the way up to its resistance at 1.3124 (61.8% Fibonacci retracement, horizontal swing high resistance). We do however need to be cautious of its...

MEX_Exchange

USDCAD is approaching its support at 1.2711 (61.8% Fibonacci extension, 61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where we expect a bounce, pushing price all the way up to its resistance at 1.2936 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance). We do however have to take note of the...

MEX_Exchange

Price reacted off its resistance at 0.7558 (100% Fibonacci extension, horizontal swing high) where we expect to see price push all the way down to its major support at 0.7465 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support). We do have to be cautious of the intermediate support at 0.7500 (100% Fibonacci extension, 100% Fibonacci...

MEX_Exchange

Price is being held down by its descending resistance line where we look to sell below its resistance at 6914 (38.2% Fibonacci retracement). We expect price to push down all the way to its support at 5835 (61.8% Fibonacci extension, horizontal swing low support). We do need to be cautious about the intermediate support at 6422 (61.8% Fibonacci extension,...

MEX_Exchange

Price has been testing its descending resistance line where we look to sell below 1.5992 (50% Fibonacci retracement). This could push price down to its support level at 1.5878 (100% Fibonacci extension, horizontal swing low support). We do however need to be cautious of the intermediate support at 1.5905 (50% Fibonacci retracement, multiple swing low support)....

MEX_Exchange

Price is testing its resistance at 150.600 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where we expect a reversal, pushing price down to its support at 149.681 (61.8% Fibonacci extension, 61.8% Fibonacci extension, 50% Fibonacci retracement, 38.2% Fibonacci retracement, horizontal overlap support). Stochastic (89, 5,...

MEX_Exchange

Price is approaching its major resistance at 83.829 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where we expect a reversal, pushing price down to its support at 82.712 (50% Fibonacci retracement, 38.2% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) is at resistance at 97.9% where we expect to...

MEX_Exchange

Price is approaching its major resistance at 82.504(100% Fibonacci extension, 61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where we expect a reversal, pushing price down to its support at 81.479 (61.8% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) sees resistance at 98% where we expect a...

MEX_Exchange

Price reacted off its descending resistance line and we look to sell at 6445.2 (61.8% Fibonacci extension, horizontal swing low). We expect prices to push down all the way down to its next support at 5835.5 (61.8% Fibonacci extension, horizontal swing low support). RSI (89) is being held down by a corresponding descending resistance line which contributes to our...

MEX_Exchange

Bitcoin has made a bullish exit from its descending channel and has surpassed its major resistance. Buy above 7247. Stop loss at 6818. Take profit at 8268. Reason for the trading strategy (fundamentally): The value of bitcoin has been hanging in there following a turbulent start to the year with prices rocketing over Christmas and plummeting back in January...

MEX_Exchange

NZDUSD is approaching its major resistance and long term descending resistance line. We can expect a reversal. Sell below 0.7276. Stop loss at 0.7302. Take profit at 0.7201. Reason for the trading strategy (technically): Price is approaching major resistance at 0.7276 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap resistance) where...

MEX_Exchange

AUDUSD is approaching its major resistance, we can expect a reversal. Sell below 0.7712. Stop loss at 0.7754. Take profit at 0.7642. Reason for the trading strategy (technically): Price is approaching its major resistance at 0.7712 (61.8% Fibonacci extension, 100% Fibonacci extension, 100% Fibonacci extension, 50% Fibonacci retracement, 61.8% Fibonacci...

MEX_Exchange

USDCAD is approaching its support area, we can expect a bounce soon. Buy above 1.2744. Stop loss at 1.2603. Take profit at 1.3122. Reason for the trading strategy (technically): Price is approaching its buying level support at 1.2744 (38.2% Fibonacci retracement, 50% Fibonacci retracement, 61.8% Fibonacci extension) where we expect a bounce from to push prices...

MEX_Exchange

Price has broken out of our descending channel and its major resistance at 7247 (78.6% Fibonacci retracement, horizontal overlap resistance, channel breakout). Together with the double bottom reversal identified, it has added to our confirmation of a bullish reversal. We can also see that price has crossed over our Ichimoku cloud which is the first precursor of a...

MEX_Exchange

Price is approaching its major resistance at 0.7712 (61.8% Fibonacci extension, 100% Fibonacci extension, 100% Fibonacci extension, 50% Fibonacci retracement, 61.8% Fibonacci retracement, horizontal overlap resistance) where we expect a reversal, pushing price down to its support at 0.7642 (61.8% Fibonacci extension, horizontal swing low support). Stochastic (89,...

MEX_Exchange

Price is approaching its buying level support at 1.2744 (38.2% Fibonacci retracement, 50% Fibonacci retracement, 61.8% Fibonacci extension) where we expect a bounce from to push prices all the way up to major resistance at 1.3122 horizontal swing high resistance). We do have to be cautious about intermediate resistance at 1.2939 (50% Fibonacci retracement)....

MEX_Exchange

Bitcoin potentially breaking out of our long term descending channel. Watch for the breakout confirmation. Buy above 7224. Stop loss at 6687. Take profit at 8257. Reason for the trading strategy (fundamentally): The big news event surrounding cryptocurrency is the National Bank of Kazakhstan announcing that it wants to ban cryptocurrency trading and mining in...

MEX_Exchange

USDCHF is approaching major support and we can expect a bounce soon. Buy above 0.9499. Stop loss at 0.9459. Take profit at 0.9582. Reason for the trading strategy (technically): Price is approaching our major support area of 0.9500 (Fibonacci retracement, Fibonacci extension, horizontal overlap support, Elliott wave structure) where we expect a bounce from to...