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EUR/USD Approaching Resistance, Prepare For Reversal

The EUR/USD pair is approaching its resistance at 1.1424 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback resistance) where it is expected to reverse down to its support at 1.1373 (61.8% Fibonacci retracement, horizontal pullback support). Stochastic (55, 5, 3) is nearing its resistance at 95% where a corresponding reversal is anticipated. EUR/USD is approaching its resistance where we expect to see a reversal. Sell below 1.1... Read More...
by Jeff Wecker
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USD/JPY Approaching Support, Prepare For Bounce

The USD/JPY pair is approaching its support at 109.17 (61.8% & 100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 109.662 (61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is nearing its support at 6.8% where a corresponding bounce could occur. USD/JPY is approaching its support where we expect to see a bounce. Buy above 109... Read More...
by Jeff Wecker
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CAD/JPY Testing Support, Prepare For Bounce

The CAD/JPY pair is testing its support at 82.38 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where the price is expected to bounce up to its resistance at 82.84 (horizontal swing high resistance). Stochastic (55, 5, 3) is nearing its support at 4.3% where a corresponding bounce is anticipated. CAD/JPY is testing its support where we expect to see a bounce. Buy above 82... Read More
by Jeff Wecker
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XAG/USD Approaching Support, Prepare For Bounce

The XAG/USD pair is approaching its support at 14.89 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 15.34 (50% Fibonacci retracement). Stochastic (89, 5, 3) is nearing its support at 1.4% where a corresponding bounce could occur. XAG/USD is approaching its support where we expect to see a bounce. Buy above 14... Read More
by Jeff Wecker
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EUR/NZD Approaching Resistance, Prepare For Reversal

The EUR/NZD pair is approaching its resistance at 1.6922 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 1.6857 (61.8% Fibonacci retracement). Stochastic (55, 5, 3) is nearing its resistance at 96% where a corresponding reversal is anticipated. EUR/NZD is approaching its resistance where we expect to see a reversal. Sell below 1.6... Read More
by Jeff Wecker