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EUR/CAD Bounced Off Support, Prepare For A Further Rise

EUR/CAD bounced nicely off its support at 1.5085 (100% & 61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.5211 (50% Fibonacci retracement, horizontal overlap resistance). Stochastic (55, 5, 3) is bounced off its support at 2.38% where a corresponding rise could occur. EUR/CAD bounced nicely off its support where we expect to see a further rise. Buy above 1.5... Read More
by Jeff Wecker
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AUD/USD Reversed Off Resistance, Prepare For Further Drop

AUD/USD reversed off its resistance at 0.7284 (100% Fibonacci extension, 61.8%, 50%, 23.6% Fibonacci retracement, horizontal overlap resistance) where it is expected to drop further to its support at 0.7231 (23.6% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) reversed off its resistance at 97% where a corresponding drop is expected. AUD/USD reversed off its resistance where we expect to see a further drop. Sell below 0.7... Read More
by Jeff Wecker
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USD/CAD Bounced Off Support, Prepare For A Further Rise

USD/CAD bounced nicely off its support level at 1.2969 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance level at 1.3010 (50% Fibonacci retracement, horizontal pullback resistance). Stochastic (55, 5, 3) is bounced off its support level at 3.5% where a corresponding rise could occur. USD/CAD bounced nicely off its support level where we expect to see a further rise. Buy above 1.2... Read More
by Jeff Wecker
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AUD/USD Reversed Off Resistance, Prepare For Further Drop

AUD/USD reversed off its resistance at 0.7227 (61.8% Fibonacci extension, 50%, 38.2%, 23.6% Fibonacci retracement, horizontal swing high resistance) where it is expected to drop further to its support level at 0.7144 (61.8% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) reversed off its resistance level at 94% where a corresponding drop is expected. AUD/USD reversed off its resistance where we expect to see a further drop. Sell below 0.7... Read More
by Jeff Wecker
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EUR/CAD Testing Resistance, Prepare For Reversal

EUR/CAD is testing its resistance at 1.5245(61.8% Fibonacci extension, 50% & 76.4% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 1.5153 (61.8% Fibonacci retracement, horizontal swing low support) is expected. Stochastic (55, 5, 3) has reversed off its resistance at 96% where a corresponding drop is expected. EUR/CAD is testing its resistance where we expect to see a reversal. Sell below 1.... Read More
by Jeff Wecker